2011/525/EU: Guideline of the European Central Bank of 25 August 2011 amending Guideline ECB/2007/9 on monetary, financial institutions and markets statistics (ECB/2011/13)
Date: 2011-08-25
Institutions: European Central Bank
Subjects: capital market, disclosure of information, electronic money, financial institution, financial statistics




L_2011228EN.01003701.xml










3.9.2011   


EN


Official Journal of the European Union


L 228/37








            GUIDELINE OF THE EUROPEAN CENTRAL BANK
         
of 25 August 2011
         
amending Guideline ECB/2007/9 on monetary, financial institutions and markets statistics
(ECB/2011/13)
(2011/525/EU)


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 Articles 5.1, 12.1 and 14.3 thereof,


Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (1),


Having regard to Regulation (EC) No 25/2009 of 19 December 2008 concerning the balance sheet of the monetary financial institutions sector (ECB/2008/32) (2),

Whereas:







(1)


Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (3) deprived electronic money institutions of their credit institution status.












(2)


As a consequence, it is necessary to amend the scope, frequency and deadline of reporting by electronic money institutions to ensure the appropriate collection of statistics on electronic money. In particular, reporting should allow for comprehensive monitoring of all electronic money issuers that are not credit institutions, regardless of whether or not they fulfil the definition ‘monetary financial institutions’. In addition, the glossary of Guideline ECB/2007/9 of 1 August 2007 on monetary, financial institutions and markets statistics (4) should be adjusted,





HAS ADOPTED THIS GUIDELINE:



Article 1
Guideline ECB/2007/9 is amended as follows:






1.


Article 5 is replaced by the following:

‘Article 5
Statistics on electronic money
(a)   
Monthly or quarterly statistical reporting requirements on electronic money issued by MFIs that have not been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)


(b)   
Annual statistical reporting requirements on electronic money issued by all electronic money institutions that are not credit institutions or by small MFIs that have been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)













2.


Annex III is amended in accordance with Annex I to this Guideline;










3.


the glossary is amended in accordance with Annex II to this Guideline.






Article 2

Entry into force

This Guideline shall enter into force on the 20th day following its publication in the Official Journal of the European Union.


Article 3

Addressees

This Guideline is addressed to all Eurosystem central banks.




Done at Frankfurt am Main, 25 August 2011.


For the Governing Council of the ECB


The President of the ECB

Jean-Claude TRICHET
            





(1)  
            OJ L 318, 27.11.1998, p. 8.

(2)  
            OJ L 15, 20.1.2009, p. 14.

(3)  
            OJ L 267, 10.10.2009, p. 7.

(4)  
            OJ L 341, 27.12.2007, p. 1.




ANNEX I
Part 2 of Annex III is replaced by the following:


                     ‘PART 2

Statistics on electronic money


Other MFIs’ data (stocks)


Table 1


Monthly or quarterly statistical reporting requirements that have not been granted a derogation under Article 8(1) of Regulation (EC) No 25/2009 (ECB/2008/32)










BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


RoW












D.


Not allocated








LIABILITIES











9


Deposits (all currencies)






 


 


 


 










9e


Deposits — euro






 


 


 


 










9.1e


Overnight






 


 


 


 




o/w Electronic money


 


 


 


 










9.1.1e


Hardware based electronic money






 


 


 


 










9.1.2e


Software based electronic money






 


 


 


 










9x


Deposits — foreign currencies






 


 


 


 










9.1x


Overnight






 


 


 


 




o/w Electronic money


 


 


 


 










9.1.1x


Hardware based electronic money






 


 


 


 










9.1.2x


Software based electronic money






 


 


 


 





Total electronic money



 


 


 


 








Table 2


Annual statistical reporting requirements on electronic money issued by all electronic money institutions that are not credit institutions










BALANCE SHEET ITEMS








A.


Domestic












B.


Other participating Member States












C.


RoW












D.


Not allocated









Total assets/liabilities



 


 


 


 




o/w Electronic money deposits (all currencies)’


 


 


 


 










ANNEX II
The glossary is amended as follows:






1.


the definition of ‘e-money’ is replaced by the following:

‘Electronic money: means electronically, including magnetically, stored monetary value as represented by a claim on the issuer issued on receipt of funds for the purpose of making payment transactions, and accepted by a natural or legal person other than the electronic money issuer.’;










2.


the definition of ‘E-money institution’ is replaced by the following:

‘Electronic money institution: is a legal person that has been granted authorisation to issue electronic money.’;










3.


the definition of ‘Funds’ is replaced by the following:

‘Funds: mean cash, scriptural money and electronic money.’;










4.


the definition of ‘Money Market Funds (MMFs)’ is replaced by the following:

‘Money Market Funds (MMFs): are defined in Article 1a of Regulation (EC) No 25/2009 (ECB/2008/32).’.