# L_2016014EN.01003601.xml

| 21.1.2016 | EN | Official Journal of the European Union | L 14/36 |
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21.1.2016

EN

Official Journal of the European Union

L 14/36

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GUIDELINE (EU) 2016/66 OF THE EUROPEAN CENTRAL BANK

of 26 November 2015

amending Guideline ECB/2013/24 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (ECB/2015/40)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 5.1 and 5.2, and Articles 12.1 and 14.3 thereof,

Whereas:

| (1) | The reduction of the reporting period for supplementary data by three days, due to apply from the first transmission in 2017 under Guideline ECB/2013/24 (1), will not now be necessary due to changes in the Governing Council's meeting schedule. For greater efficiency, decisions on reducing reporting periods to take account of possible future schedule changes should be delegated to the Executive Board, which must take into account the view of the Statistics Committee (STC). |
| --- | --- |

(1)

The reduction of the reporting period for supplementary data by three days, due to apply from the first transmission in 2017 under Guideline ECB/2013/24 (1), will not now be necessary due to changes in the Governing Council's meeting schedule. For greater efficiency, decisions on reducing reporting periods to take account of possible future schedule changes should be delegated to the Executive Board, which must take into account the view of the Statistics Committee (STC).

| (2) | In addition, the supplementary data requirements laid down in Guideline ECB/2013/24 need to be modified to include loans between non-financial corporations, on a voluntary basis, in order to enhance the coverage and quality of the euro area aggregates. |
| --- | --- |

(2)

In addition, the supplementary data requirements laid down in Guideline ECB/2013/24 need to be modified to include loans between non-financial corporations, on a voluntary basis, in order to enhance the coverage and quality of the euro area aggregates.

| (3) | Therefore, Guideline ECB/2013/24 should be amended accordingly, |
| --- | --- |

(3)

Therefore, Guideline ECB/2013/24 should be amended accordingly,

HAS ADOPTED THIS GUIDELINE:

Article 1

Amendments

Guideline ECB/2013/24 is amended as follows:

| 1. | in Article 2, paragraph 2 is replaced by the following:

  ‘2.   The “supplementary data” requirements shall cover transactions and stocks for the period from the last quarter of 2012 up to the reference quarter. Such supplementary data are to be reported on a best estimate basis. The supplementary data requirements specified in columns “H”, “H.1” and “H.2” of Tables 1, 2, 4 and 5 of Annex I (supplementary data referring to the government sector and its sub-sectors), and in column “B”, rows 3 and 13, of Tables 4 and 5 of Annex I (supplementary data referring to loans between non-financial corporations) are to be reported on a voluntary basis.’; |
| --- | --- |

1.

in Article 2, paragraph 2 is replaced by the following:

‘2.   The “supplementary data” requirements shall cover transactions and stocks for the period from the last quarter of 2012 up to the reference quarter. Such supplementary data are to be reported on a best estimate basis. The supplementary data requirements specified in columns “H”, “H.1” and “H.2” of Tables 1, 2, 4 and 5 of Annex I (supplementary data referring to the government sector and its sub-sectors), and in column “B”, rows 3 and 13, of Tables 4 and 5 of Annex I (supplementary data referring to loans between non-financial corporations) are to be reported on a voluntary basis.’;

| 2. | in Article 4, paragraph 1 is replaced by the following:

  ‘1.   The “supplementary data” described in Article 2(2) shall be reported to the ECB within a period that shall not exceed 85 calendar days following the end of the reference quarter. The Executive Board may reduce this deadline to 82 days, if appropriate, taking into account the views of the STC. The Executive Board shall inform the Governing Council of its decision without undue delay. The ECB shall announce any change in the reporting period at least one year ahead of the implementation date.’; |
| --- | --- |

2.

in Article 4, paragraph 1 is replaced by the following:

‘1.   The “supplementary data” described in Article 2(2) shall be reported to the ECB within a period that shall not exceed 85 calendar days following the end of the reference quarter. The Executive Board may reduce this deadline to 82 days, if appropriate, taking into account the views of the STC. The Executive Board shall inform the Governing Council of its decision without undue delay. The ECB shall announce any change in the reporting period at least one year ahead of the implementation date.’;

| 3. | Annex I is amended in accordance with the Annex to this Guideline. |
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3.

Annex I is amended in accordance with the Annex to this Guideline.

Article 2

Taking effect and implementation

1.   This Guideline shall take effect on the day of its notification to the national central banks of the Member States whose currency is the euro.

2.   The Eurosystem central banks shall comply with this Guideline from 1 January 2016.

Article 3

Addressees

This Guideline is addressed to all Eurosystem central banks.

Done at Frankfurt am Main, 26 November 2015.

For the Governing Council of the ECB

The President of the ECB

Mario DRAGHI

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(1)  Guideline 2014/3/EU of the European Central Bank of 25 July 2013 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts (ECB/2013/24) (OJ L 2, 7.1.2014, p. 34).

1

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ANNEX

Annex I to Guideline ECB/2013/24 is amended as follows:

| 1. | The table ‘Summary of data requirements’ is replaced by the following:

  ‘Summary of data requirements















  Article | Content | Tables | Data type | Reference period | 1st Reporting date | Timeliness | Observations |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Stocks | Transactions | Other changes in volume |
| 2.2

  4.1 | Supplementary data; black shaded cells only | T1 | – | assets |
| T2 | – | liabilities |
| T4 | – | short-term loans (w-t-w) |
| T5 | – | long-term loans (w-t-w) |

1.

The table ‘Summary of data requirements’ is replaced by the following:

‘Summary of data requirements

Article

Content

Tables

Data type

Reference period

1st Reporting date

Timeliness

Observations

Stocks

Transactions

Other changes in volume

2.2

4.1

Supplementary data; black shaded cells only

T1

–

assets

T2

–

liabilities

T4

–

short-term loans (w-t-w)

T5

–

long-term loans (w-t-w)

✓

✓

2012 Q4 onwards

Sep 2014

t + 85

| — | Best estimates |
| --- | --- |

—

Best estimates

| — | Black shaded cells in columns H, H.1 and H.2 on a voluntary basis |
| --- | --- |

—

Black shaded cells in columns H, H.1 and H.2 on a voluntary basis

| — | Black shaded cells in column B, rows 3 and 13, of T4 and T5 on a voluntary basis |
| --- | --- |

—

Black shaded cells in column B, rows 3 and 13, of T4 and T5 on a voluntary basis

2.3(a)

2.5

3.2

3.3(a), (b)

4.2

National data; all cells

| T1 | – | assets |
| --- | --- | --- |
| T2 | – | liabilities |
| T3 | – | deposits (w-t-w) |
| T4 | – | short-term loans (w-t-w) |
| T5 | – | long-term loans (w-t-w) |

T1

–

assets

T2

–

liabilities

T3

–

deposits (w-t-w)

T4

–

short-term loans (w-t-w)

T5

–

long-term loans (w-t-w)

✓

✓

✓

2012 Q4 onwards

Sep 2014

Until December 2016: t + 100

| — | Accompanied by metadata |
| --- | --- |

—

Accompanied by metadata

| — | data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis |
| --- | --- |

—

data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis

| — | data in rows 12-21 of T3-T5 not to be published |
| --- | --- |

—

data in rows 12-21 of T3-T5 not to be published

From March 2017 onwards: t + 97

2.3(b)

2.5

3.2

3.3(c)

4.2

National data; all cells

| T1 | – | assets |
| --- | --- | --- |
| T2 | – | liabilities |
| T3 | – | deposits (w-t-w) |
| T4 | – | short-term loans (w-t-w) |
| T5 | – | long-term loans (w-t-w) |

T1

–

assets

T2

–

liabilities

T3

–

deposits (w-t-w)

T4

–

short-term loans (w-t-w)

T5

–

long-term loans (w-t-w)

✓

✓

1999 Q1–2012 Q3

Sep 2017

Until December 2016: t + 100

| — | Best estimates |
| --- | --- |

—

Best estimates

| — | columns J, K of T1 and T2 on a voluntary basis |
| --- | --- |

—

columns J, K of T1 and T2 on a voluntary basis

| — | Accompanied by metadata |
| --- | --- |

—

Accompanied by metadata

| — | data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis |
| --- | --- |

—

data in rows 12-21 of T3-T5 to be adjusted to reflect euro area composition; best estimate basis

| — | data in rows 12-21 of T3-T5 not to be published |
| --- | --- |

—

data in rows 12-21 of T3-T5 not to be published

From March 2017 onwards: t + 97

2.4

2.5

3.2

3.3(a), (b)

4.2

National data; all cells

| T6 | – | short-term debt securities (w-t-w) |
| --- | --- | --- |
| T7 | – | long-term debt securities (w-t-w) |
| T8 | – | listed shares (w-t-w) |
| T9 | – | investment fund shares (w-t-w) |

T6

–

short-term debt securities (w-t-w)

T7

–

long-term debt securities (w-t-w)

T8

–

listed shares (w-t-w)

T9

–

investment fund shares (w-t-w)

✓

✓

✓

2013 Q4 onwards

Sep 2015

Until December 2016: t + 100

| — | Accompanied by metadata |
| --- | --- |

—

Accompanied by metadata

| — | data in rows 12-21 to be adjusted to reflect euro area composition; best estimate basis |
| --- | --- |

—

data in rows 12-21 to be adjusted to reflect euro area composition; best estimate basis

| — | data in rows 12-21 of T3-T5 not to be published’; |
| --- | --- |

—

data in rows 12-21 of T3-T5 not to be published’;

From March 2017 onwards: t + 97

| 2. | Tables 4 and 5 are replaced by the following:

  ‘Table 4


  Short-term loans (F.41)
   (1) | A | B | C | D | E | F | G | H | H.1 | I |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | Creditor sector
  Debtor sector | | Residents |
| Total | Non-financial corporations (S.11) | MFIs (2) (S.121 + ... + S.123) | Non-MMF (3) investment funds (S.124) | Other financial institutions (S.125 + ... + S.127) | Insurance corporations (S.128) | Pension funds (S.129) | General government | Households, including NPISHs (4) (S.14 + S.15) |
| Total (S.13) | Central government (S.1311) |
| | | |
| 1 | Total (S.1) | | | | | | | | | | | |
| 2 | | Total (S.1) | | | | | | | | | | |
| 3 | Residents | S.11 | | | | | | | | | | |
| 4 | S.121 + ... + S.123 | | | | | | | | | | |
| 5 | S.124 | | | | | | | | | | |
| 6 | S.125 + ... + S.127 | | | | | | | | | | |
| 7 | S.128 | | | | | | | | | | |
| 8 | S.129 | | | | | | | | | | |
| 9 | S.13 | | | | | | | | | | |
| 10 | S.14 + S.15 | | | | | | | | | | |
| 11 | | Total (S.2) | | | | | | | | | | |
| 12 | Non-residents | | Total (S.1) | | | | | | | | | | |
| 13 | Euro area other than domestic | S.11 | | | | | | | | | | |
| 14 | S.121 + ... + S.123 | | | | | | | | | | |
| 15 | S.124 | | | | | | | | | | |
| 16 | S.125 + ... + S.127 | | | | | | | | | | |
| 17 | S.128 | | | | | | | | | | |
| 18 | S.129 | | | | | | | | | | |
| 19 | S.13 | | | | | | | | | | |
| 20 | S.14 + S.15 | | | | | | | | | | |
| 21 | Residents outside the euro area | | | | | | | | | | |

2.

Tables 4 and 5 are replaced by the following:

‘Table 4

Short-term loans (F.41)
   (1)

A

B

C

D

E

F

G

H

H.1

I

Creditor sector

Debtor sector

Residents

Total

Non-financial corporations (S.11)

MFIs (2) (S.121 + ... + S.123)

Non-MMF (3) investment funds (S.124)

Other financial institutions (S.125 + ... + S.127)

Insurance corporations (S.128)

Pension funds (S.129)

General government

Households, including NPISHs (4) (S.14 + S.15)

Total (S.13)

Central government (S.1311)

1

Total (S.1)

2

Total (S.1)

3

Residents

S.11

4

S.121 + ... + S.123

5

S.124

6

S.125 + ... + S.127

7

S.128

8

S.129

9

S.13

10

S.14 + S.15

11

Total (S.2)

12

Non-residents

Total (S.1)

13

Euro area other than domestic

S.11

14

S.121 + ... + S.123

15

S.124

16

S.125 + ... + S.127

17

S.128

18

S.129

19

S.13

20

S.14 + S.15

21

Residents outside the euro area

Table 5

Long-term loans (F.42)
   (5)

| | A | B | C | D | E | F | G | H | H.1 | I |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | Creditor sector
  Debtor sector | | Residents |
| Total | Non-financial corporations (S.11) | MFIs (6) (S.121 + ... + S.123) | Non-MMF (7) investment funds (S.124) | Other financial institutions (S.125 + ... + S.127) | Insurance corporations (S.128) | Pension funds (S.129) | General government | Households, including NPISHs (8) (S.14 + S.15) |
| Total (S.13) | Central government (S.1311) |
| | | |
| 1 | Total (S.1) | | | | | | | | | | | |
| 2 | | Total (S.1) | | | | | | | | | | |
| 3 | Residents | S.11 | | | | | | | | | | |
| 4 | S.121 + ... + S.123 | | | | | | | | | | |
| 5 | S.124 | | | | | | | | | | |
| 6 | S.125 + ... + S.127 | | | | | | | | | | |
| 7 | S.128 | | | | | | | | | | |
| 8 | S.129 | | | | | | | | | | |
| 9 | S.13 | | | | | | | | | | |
| 10 | S.14 + S.15 | | | | | | | | | | |
| 11 | | Total (S.2) | | | | | | | | | | |
| 12 | Non-residents | | Total (S.1) | | | | | | | | | | |
| 13 | Euro area other than domestic | S.11 | | | | | | | | | | |
| 14 | S.121 + ... + S.123 | | | | | | | | | | |
| 15 | S.124 | | | | | | | | | | |
| 16 | S.125 + ... + S.127 | | | | | | | | | | |
| 17 | S.128 | | | | | | | | | | |
| 18 | S.129 | | | | | | | | | | |
| 19 | S.13 | | | | | | | | | | |
| 20 | S.14 + S.15 | | | | | | | | | | |
| 21 | Residents outside the euro area | | | | | | | | | | |

A

B

C

D

E

F

G

H

H.1

I

Creditor sector

Debtor sector

Residents

Total

Non-financial corporations (S.11)

MFIs (6) (S.121 + ... + S.123)

Non-MMF (7) investment funds (S.124)

Other financial institutions (S.125 + ... + S.127)

Insurance corporations (S.128)

Pension funds (S.129)

General government

Households, including NPISHs (8) (S.14 + S.15)

Total (S.13)

Central government (S.1311)

1

Total (S.1)

2

Total (S.1)

3

Residents

S.11

4

S.121 + ... + S.123

5

S.124

6

S.125 + ... + S.127

7

S.128

8

S.129

9

S.13

10

S.14 + S.15

11

Total (S.2)

12

Non-residents

Total (S.1)

13

Euro area other than domestic

S.11

14

S.121 + ... + S.123

15

S.124

16

S.125 + ... + S.127

17

S.128

18

S.129

19

S.13

20

S.14 + S.15

21

Residents outside the euro area

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(1)  The data requirements for stocks, transactions and other changes in volume are identical.

(2)  Monetary financial institutions (MFIs; S.121 + S.122 + S.123). According to the ESA 2010 (paragraph 5.118) short-term loans granted to deposit-taking corporations (S.121 + S.122) are to be classified as deposits (F.22 or F.29).

(3)  Money market funds (MMFs; S.123).

(4)  Non-profit institutions serving households (NPISHs; S.15).

(5)  The data requirements for stocks, transactions and other changes in volume are identical.

(6)  Monetary financial institutions (MFIs; S.121 + S.122 + S.123).

(7)  Money market fund (MMF; S.123).

(8)  Non-profit institutions serving households (NPISHs; S.15)’.

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