Guideline (EU) 2015/948 of the European Central Bank of 16 April 2015 amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)
Date: 2015-04-16
Institutions: European Central Bank
Subjects: EU statistics, balance-sheet analysis, central bank, data collection, euro area, exchange of information, financial control, securities




L_2015154EN.01001501.xml










19.6.2015   


EN


Official Journal of the European Union


L 154/15








            GUIDELINE (EU) 2015/948 OF THE EUROPEAN CENTRAL BANK
         
of 16 April 2015
         
amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)


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 (EU) No 1011/2012 of the European Central Bank of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24) (2),

Whereas:







(1)


Considering the introduction of direct reporting of statistical information by insurance corporations in Regulation (EU) No 1374/2014 of the European Central Bank (ECB/2014/50) (3), and the close links with the data to be collected by national competent authorities (NCAs) for supervisory purposes under the framework established by Directive 2009/138/EC of the European Parliament and of the Council (4), Regulation (EU) No 1011/2012 (ECB/2012/24) has been amended to include data required to be directly reported by insurance corporations (ICs). Guideline ECB/2013/7 (5) also needs to be amended since it defines the necessary procedures for the national central banks (NCBs) to report to the European Central Bank (ECB).












(2)


Therefore, Guideline ECB/2013/7 should be amended accordingly,





HAS ADOPTED THIS GUIDELINE:



Article 1

Amendments

Guideline ECB/2013/7 is amended as follows:






(1)


in Article 3, paragraph 1 is replaced by the following:

‘1.   NCBs shall collect and report to the ECB statistical information on holdings of securities with an ISIN code, on a security-by-security basis, in accordance with the reporting schemes in Annex I, Part 1 (Tables 1 to 3) and Part 2 (Tables 1 to 3), and in compliance with electronic reporting standards which are laid down separately, for the following types of instruments: short-term debt securities (F.31); long-term debt securities (F.32); listed shares (F.511) and investment fund shares or units (F.52).
NCBs' reporting obligations shall cover end-of-quarter positions and either (i) end-of-quarter financial transactions over the reference quarter, or (ii) end-of-month or end-of-quarter data that are necessary to derive financial transactions, as laid down in paragraph 2. NCBs shall also report end-of-year positions, as laid down in Article 3(2b) of Regulation (EU) No 1011/2012 (ECB/2012/24) in accordance with the reporting scheme in Annex I, Part 3 (Tables 1 to 2) of this Guideline.
Financial transactions or data necessary to derive financial transactions that are reported by actual reporting agents to NCBs in accordance with Part 1 of Annex I to Regulation (EU) No 1011/2012 (ECB/2012/24) shall be measured as laid down in Part 3 of Annex II to Regulation (EU) No 1011/2012 (ECB/2012/24).’;











(2)


in Article 3, paragraph 2, the following point (c) is added:






‘(c)


with respect to holdings of securities by insurance corporations (ICs) on an annual basis, NCBs shall report data on end-of-year aggregated positions by close of business on the 70th calendar day following the end of the year to which the data relate.’;














(3)


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

‘1.   NCBs may decide whether to report to the ECB statistical information covering securities without an ISIN code held by monetary financial institutions (MFIs), investment funds (IFs), financial vehicle corporations engaged in securitisation transactions (FVCs), ICs and heads of reporting groups subject to Regulation (EU) No 1011/2012 (ECB/2012/24) or held by custodians on behalf of: (i) resident investors not subject to Regulation (EU) No 1011/2012 (ECB/2012/24); (ii) non-financial investors resident in other euro area Member States; or (iii) investors resident in non-euro area Member States, as defined in Regulation (EU) No 1011/2012 (ECB/2012/24), that are not granted a derogation from reporting requirements under Regulation (EU) No 1011/2012 (ECB/2012/24).’.







Article 2

Amendments to Annex I to Guideline ECB/2013/7

Annex I to Guideline ECB/2013/7 is amended in accordance with the Annex to this Guideline.


Article 3

Taking effect and implementation

This Guideline shall take effect on the day of its notification to the NCBs. The Eurosystem central banks shall comply with this Guideline from the date of entry into force of Regulation (EU) 2015/730 of the European Central Bank (ECB/2015/18) (6).


Article 4

Addressees

This Guideline is addressed to all Eurosystem central banks.




Done at Frankfurt am Main, 16 April 2015.


For the Governing Council of the ECB


The President of the ECB

Mario DRAGHI
            





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

(2)  
            OJ L 305, 1.11.2012, p. 6.

(3)  Regulation (EU) No 1374/2014 of the European Central Bank of 28 November 2014 on statistical reporting requirements for insurance corporations (ECB/2014/50) (OJ L 366, 20.12.2014, p. 36).

(4)  Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 335, 17.12.2009, p. 1).

(5)  Guideline ECB/2013/7 of 22 March 2013 concerning statistics on holdings of securities (OJ L 125, 7.5.2013, p. 17).

(6)  Regulation (EU) 2015/730 of the European Central Bank of 16 April 2015 amending Regulation (EU) No 1011/2012 concerning statistics on holdings of securities (ECB/2012/24) (ECB/2015/18) (OJ L 116, 7.5.2015, p. 5).




ANNEX
Annex I to Guideline ECB/2013/7 is amended as follows:






(1)


in Part 1, Table 2 is replaced by the following:

‘Table 2


Information on holdings of securities










Reported information (1)



Attribute


Status (2)



Description










1.


Securities related information






Holder sector


M


Sector/sub-sector of the investor.




 


 


Non-financial corporations (S.11) (3)





 


Deposit-taking corporations except central banks (S.122)




 


Money market funds (MMFs) (S.123)




 


Non-MMF investment funds (S.124)




 


Other financial corporations (4) excluding financial vehicle corporations engaged in securitisation transactions




 


Financial vehicle corporations engaged in securitisation transactions




 


Insurance corporations (S.128)




 


Pension funds (S.129)




 


Insurance corporations and pension funds (sub-sector not identified) (S.128+S.129) (transitional period)




 


Central government (S.1311) (voluntary breakdown)




 


State government (S.1312) (voluntary breakdown)




 


Local government (S.1313) (voluntary breakdown)




 


Social security funds (S.1314) (voluntary breakdown)




 


Other general government (sub-sector not identified)




 


Households excluding non-profit institutions serving households (S.14) (voluntary breakdown for resident investors, mandatory for third party holdings)




 


Non-profit institutions serving households (S.15) (voluntary breakdown)




 


Other households and non-profit institutions serving households (S.14+S.15) (sub-sector not identified)




 


Non-financial investors excluding households (only for third party holdings) (S.11+S.13+S.15) (5)





 


Central banks and general government to be reported only for holdings by non-euro area countries (S.121+S.13) (6)





 


Investors other than central banks and governments to be reported only for holdings by non-euro area countries (6)





 


Unknown sector (7)





Holder country


M


Country of residence of the investor




Source


M


Source of the submitted information on securities holdings




 


 


Direct reporting




 


Custodian reporting




 


Mixed reporting (8)





 


Not available




Function


M


Function of the investment according to the classification of balance of payments statistics




 


 


Direct investment




 


Portfolio investment




 


Not specified




Reporting basis


V


Indicates how the security is quoted, as a percentage or in units




 


 


Percentage




 


 


Units




Nominal currency


V


Currency in which the ISIN is denominated, reported when the reporting basis equals percentage




Positions


M


Total amount of securities held




 


 


At nominal value (9). Number of shares or units of a security or aggregated nominal amount (in nominal currency or euro) if the security is traded in amounts rather than in units, excluding the accrued interest




 


At market value. Amount held at the price quoted in the market in euro, including accrued interest (10)





Positions: of which amount


M (11)



Amount of securities held by the two largest investors




 


 


At nominal value, according to the same valuation method as positions




 


At market value, according to the same valuation method as positions




Format


M (9)



Specifies the format used for the positions at nominal value




 


 


Nominal value in euro or other relevant currency




 


Number of shares/units (12)





Other changes in volume


M


Other changes in the amount of the security held




 


 


At nominal value in the same format as the positions at nominal value




 


At market value in euro




Other changes in volume: of which amount


M (11)



Other changes in volume in the amount held by the two largest investors




 


 


At nominal value, according to the same valuation method as positions




 


At market value, according to the same valuation method as positions




Financial transactions


M (13)



Sum of purchases minus sales of a security, recorded at transaction value in euro including accrued interest (10)





Financial transactions: of which amount


M (14)



Sum of the two largest transactions in absolute terms by individual holders, according to the same valuation method as the financial transactions




Confidentiality status


M (15)



Confidentiality status for positions, transactions, other changes in volume




 


 


Not for publication, restricted for internal use only




 


Confidential statistical information




 


Not applicable (16)















(2)


in Part 2, Table 2 is replaced by the following:

‘Table 2


Information on holdings of securities










Reported information (17)



Attribute


Status (18)



Description










1.


Securities related information






Reporting group ID


M


ID of the reporting group (19)





Residency of the entities of the group


V


Residency of the entities of the group, when reported separately from head office (20)





 


 


Resident in the country of the head office




 


Not resident in the country of the head office




 


If not resident in the country of the head office, resident of other euro area countries




 


If not resident in the country of the head office, resident outside the euro area




Entity ID


V


ID of the entity of the group (19)





Country of residency of the entity


V


Country of legal incorporation or domicile of the entity




Group type


M


Group type




 


 


Banking group




Reporting basis


V


Indicates how the security is quoted, as a percentage or in units




 


 


Percentage




 


Units




Nominal currency


V


Currency in which the ISIN is denominated, reported when reporting basis equals percentage




Format


M (21)



Specifies the format used for the positions at nominal value




 


 


Nominal value in euro or other relevant currency




 


Number of shares/units (22)





Positions


M


Total amount of securities held




 


 


At nominal value (21). Number of shares or units of a security or aggregated nominal amount in nominal currency or euro if the security is traded in amounts rather than in units, excluding the accrued interest




 


At market value. Amount held of a security at the price quoted in the market in euro, including accrued interest (23)





Other changes in volume


V


Other changes in volume in the amount of the security held




 


 


At nominal value in the same format as the positions at nominal value (21)





 


At market value in euro




Financial transactions


V


Sum of purchases minus sales of a security, recorded at transaction value in euro including accrued interest (23)





Issuer is part of the reporting group


M


Indicates whether the security was issued by an entity of the same reporting group














(3)


in Part 2, Table 4 is replaced by the following:

‘Table 4


Holdings of securities without an ISIN code










Reported information (24)



Attribute


Status (25)



Description










1.


Basic reference data






Aggregation flag


M


Type of data




 


 


Data reported on a security-by-security basis




 


Aggregated data (no security-by-security)




Securities identification number


M


Internal NCB identification number for holdings of securities without an ISIN code reported on a security-by-security basis, or on an aggregated basis




Securities identification number type


M (26)



Specifies the securities identification number for securities reported on a security-by-security basis (27)





 


 


NCB internal number




 


CUSIP




 


SEDOL




 


other (28)





Instrument classification


M


Classification of the security according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)




 


 


Short-term debt securities




 


Long-term debt securities




 


Quoted shares




 


Investment fund shares




 


Other security types (29)





Issuer sector


M


Institutional sector of the issuer according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)




Issuer country


M


Country of legal incorporation or domicile of the issuer of the security




Price value (30)



V


Price of the security at the end of the reference period




Price value basis (28)



V


Specifies the basis on which the price value is given




 


 


Euro or other relevant currency




 


Percentage










2.


Additional reference data






Issuer name


V


Name of the issuer




Short name


V


Short name of the security given by issuer, defined according to the characteristics of the issue and any other available information




Issuer is part of the reporting group


M


Indicates whether the security was issued by an entity of the same reporting group for securities reported on a security-by-security basis




Issue date


V


The date on which the securities are delivered to the underwriter by the issuer against payment. This is the date when the securities are available for delivery to investors for the first time




Maturity date


V


Date on which the debt instrument is redeemed




Amount outstanding


V


Amount outstanding converted into euro




Market capitalisation


V


Latest available market capitalisation in euro




Accrued interest


V


Interest accrued since the last coupon payments or the accrual start date




Last split factor


V


Stock splits and reverse splits of shares




Last split date


V


Date from which the stock split becomes effective




Coupon type


V


Type of coupon (fixed, floating, stepped, etc.)




Debt type


V


Type of debt instrument




Dividend amount


V


Amount of last dividend payment per share in dividend amount type before tax (gross dividend)




Dividend amount type


V


Denomination either in dividend currency or number of shares




Dividend currency


V


Currency of last dividend payment




Asset securitisation type


V


Type of securing asset














(4)


the following Part 3 is added:

                                 ‘PART 3

Annual holdings of securities by ICs


Table 1


General information and explanatory notes











Reported information (31)



Attribute


Status (32)



Description










1.


General information






Reporting institution


M


Identification code of the reporting institution




Submission date


M


Date on which the data are submitted to the SHSDB




Reference period


M


Period to which the data refer




Reporting frequency


M


 


Annual data










2.


Explanatory notes (metadata)






M


Treatment of early redemptions




M


Treatment of accrued interest








Table 2


Information on holdings of securities










Reported information (33)



Attribute


Status (34)



Description










1.


Securities related information






Holder sector


M


Sector/sub-sector of the investor.




 


 


Insurance corporations (S.128)




Source


M


Source of the submitted information on securities holdings




 


 


Direct reporting




 


Custodian reporting




 


Mixed reporting (35)





 


Not available




Residency of the entities of the IC (head office and branches)


 


Residency of the entities of the IC (head office and branches)




 


 


Resident in the country of the head office




 


 


Not resident in the country of the head office




 


 


If not resident in the country of the head office, resident of other EEA countries, by country




 


 


If not resident in the country of the head office, resident of other non-EEA countries




Reporting basis


V


Indicates how the security is quoted, as a percentage or in units




 


 


Percentage




 


 


Units




Nominal currency


V


Currency in which the ISIN is denominated, reported when the reporting basis equals percentage




Positions


M


Total amount of securities held




 


 


At nominal value (36). Number of shares or units of a security or aggregated nominal amount (in nominal currency or euro) if the security is traded in amounts rather than in units, excluding the accrued interest




 


At market value. Amount held at the price quoted in the market in euro, including accrued interest (37)





Format


V (38)



Specifies the format used for the positions at nominal value




 


 


Nominal value in euro or other relevant currency




 


Number of shares/units




Confidentiality status


M


Confidentiality status for positions




 


 


Not for publication, restricted for internal use only




 


Confidential statistical information




 


Not applicable










2.


Basic reference data






Aggregation flag


M


Type of data




 


 


Aggregated data (no security-by-security)




Instrument classification


M


Classification of the security according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)




 


 


Short-term debt securities




 


 


Long-term debt securities




 


 


Quoted shares




 


 


Investment fund shares




Issuer sector


M


Institutional sector of the issuer according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)




Issuer country


M


Country of legal incorporation or domicile of the issuer of the security




 


 


Euro area countries




 


 


Non-euro area EU countries




 


 


Non-EU countries










(1)  The electronic reporting standards are laid down separately.

(2)  M: mandatory attribute; V: voluntary attribute.

(3)  The numbering of categories throughout this Guideline reflects the numbering introduced in ESA 2010.

(4)  Other financial intermediaries (S.125) plus financial auxiliaries (S.126) plus captive financial institutions and money lenders (S.127).

(5)  Only if sectors S.11, S.13 and S.15 are not reported separately.

(6)  For data reported by non-euro area NCBs, only for reporting holdings by non-resident investors.

(7)  Unallocated sector resident in the holder country; i.e. unknown sectors of unknown countries should not be reported. NCBs shall inform SHSDB operators of the reason for the unknown sector, in the event of statistically relevant values.

(8)  Only if direct and custodian reporting cannot be distinguished.

(9)  Not reported if market values (and the respective other changes in volume/transactions) are reported.

(10)  The inclusion of accrued interest is recommended, on a best efforts basis.

(11)  If an NCB reports the confidentiality status, this attribute may not be reported. The amount may refer to the largest single investor, instead of the two largest investors, under the responsibility of the reporting NCB.

(12)  NCBs are encouraged to report nominal value in number of units when securities are quoted in units in the CSDB.

(13)  To be reported only if transactions are not derived from positions in the SHSDB.

(14)  To be reported only for transactions collected from reporting agents, not reported for transactions derived from positions by NCBs.

(15)  To be reported if the corresponding amount of the two largest investors for positions, transactions, other changes in volume, respectively, is not available/provided.

(16)  To be used only if transactions are derived from positions by NCBs. In such cases the confidentiality status will be derived by the SHSDB, i.e. if the initial and/or final positions are confidential, the derived transaction is flagged as confidential.’;

(17)  The electronic reporting standards are laid down separately.

(18)  M: mandatory attribute; V: voluntary attribute.

(19)  Identifier to be defined separately.

(20)  NCBs may report according to four alternative options: (1) aggregated for all entities of the group including the head office; (2) aggregated for entities resident in the country of the head office; and aggregated for entities non-resident in the country of the head office, respectively; (3) aggregated for entities resident in the country of the head office; aggregated for entities resident in another euro area country; aggregated for entities resident outside the euro area; (4) entity by entity.

(21)  Not reported if market values are reported.

(22)  NCBs are encouraged to report nominal value in number of units when securities are quoted in units in the CSDB.

(23)  The inclusion of accrued interest is recommended, on a best efforts basis.’;

(24)  The electronic reporting standards are laid down separately.

(25)  M: mandatory attribute; V: voluntary attribute.

(26)  Not required for securities reported on an aggregated basis.

(27)  NCBs should preferably use the same securities identification number for each security over several years. In addition, each securities identification number should be related to only one, security. NCBs must inform the SHSDB operators if they are not in a position to do so. CUSIP and SEDOL codes may be treated as NCB internal numbers.

(28)  NCBs should specify in the metadata the type of identification number used.

(29)  These securities will not be included in the production of aggregates.

(30)  To calculate positions at market value from positions at nominal value.’;

(31)  The electronic reporting standards are laid down separately.

(32)  M: mandatory attribute; V: voluntary attribute.

(33)  The electronic reporting standards are laid down separately.

(34)  M: mandatory attribute; V: voluntary attribute.

(35)  Only if direct and custodian reporting cannot be distinguished.

(36)  Not reported if market values are reported.

(37)  The inclusion of accrued interest is recommended, on a best efforts basis.

(38)  Not reported if market values (and the respective other changes in volume/transactions) are reported.’.