Decision (EU) 2020/1100 of the European Central Bank of 17 July 2020 amending Decision (EU) 2015/32 concerning derogations that may be granted under Regulation (EU) No 1073/2013 (ECB/2020/33)
Date: 2020-07-17
Institutions: European Central Bank
Subjects: EU Member State, EU statistics, central bank, derogation from EU law, disclosure of information, financial statistics, investment company








L_2020241EN.01003201.xml










27.7.2020   


EN


Official Journal of the European Union


L 241/32








            DECISION (EU) 2020/1100 OF THE EUROPEAN CENTRAL BANK
         
of 17 July 2020
         
amending Decision (EU) 2015/32 concerning derogations that may be granted under Regulation (EU) No 1073/2013 (ECB/2020/33)


THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) (1), and in particular Article 8(2) thereof,

Whereas:







(1)


Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) provides that derogations from statistical reporting requirements may be granted to investment funds (IFs) that are subject to national accounting rules which allow the valuation of their assets less frequently than quarterly. It further provides that the IF categories to which the national central banks (NCBs) have the discretion to grant derogations are to be decided by the Governing Council. The list of those IF categories is contained in a Decision adopted by the Governing Council.












(2)


In the course of the review prescribed by Article 1 of Decision (EU) 2015/32 of the European Central Bank (ECB/2014/62) (2), the Governing Council determined that it is necessary to include further investment fund categories for which derogations may be granted under Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) for Austria, Latvia, Lithuania and Portugal, remove investment fund categories for France that no longer apply, and make minor amendments resulting from changes to certain national legal acts.












(3)


Therefore, Decision (EU) 2015/32 (ECB/2014/62) should be amended accordingly,





HAS ADOPTED THIS DECISION:



Article 1

Amendment

The Annex to Decision (EU) 2015/32 (ECB/2014/62) is replaced by the Annex to this Decision.


Article 2

Taking effect

This Decision shall take effect on the day of its notification to the addressees.


Article 3

Addressees

This Decision is addressed to the NCBs of the Member States whose currency is the euro.




Done at Frankfurt am Main, 17 July 2020.


The President of the ECB

Christine LAGARDE
            





(1)  
            OJ L 297, 7.11.2013, p. 73.

(2)  Decision (EU) 2015/32 of the European Central Bank of 29 December 2014 concerning derogations that may be granted under Regulation (EU) No 1073/2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) (ECB/2014/62) (OJ L 5, 9.1.2015, p. 17).




ANNEX
The Annex to Decision (EU) 2015/32 (ECB/2014/62) is replaced by the following:



‘ANNEX
INVESTMENT FUND CATEGORIES FOR WHICH DEROGATIONS MAY BE GRANTED UNDER ARTICLE 8(2) OF REGULATION (EU) No 1073/2013 (ECB/2013/38)













Member State


Name of IF category


Legal act relating to the category


Legal act determining the frequency of valuation


Frequency of valuation under national legislation




Title of legal act


Number/date of legal act


Relevant provisions


Title of legal act


Number/date of legal act


Relevant provisions




Austria



Alternative Investmentfonds

(Alternative investment funds for professional investors)



Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

(Law on alternative investment fund management companies)


BGBl. I Nr. 135/2013


AIFMG 2013 § 2

and not

subject to AIFMG § 48



Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

(Law on alternative investment fund management companies)


BGBl. I Nr. 135/2013


AIFMG 2013 §17 (3)


Annual




Austria



Immobilienfonds

(Real estate investment funds)



Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

(Law on real estate investment funds)


BGBl. I Nr. 80/2003


ImmoInvFG 2003 § 1



Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

(Law on real estate investment funds)


BGBl. I Nr. 80/2003


ImmoInvFG 2003 § 29 (2)


Annual




France



Fonds commun de placement à risque

(Venture capital mutual funds)



Code monétaire et
financier

(Monetary and Financial Code)


 


Chapter IV, Section 2, Paragraph 2,
L214-28
to
L214-32



Règlement général de l’Autorité des Marchés
Financiers

(General Regulation of the Financial Markets Authority)


 


Book IV,
Title II,
Article 422-120-13


Biannual




Italy



Fondi chiusi

(Closed funds)



Decreto legislativo – Testo unico delle disposizioni in materia di intermediazione finanziaria

(Legislative decree – all provisions in the field of financial intermediation)


No 58 of 24 February 1998


Part I, Article 1
Part II, Articles 36, 37 and 39



Provvedimento della Banca d’Italia – Regolamento sulla gestione collettiva del risparmio

(Act of the Banca d’Italia – Regulation on the collective management of savings)


23 December 2016


Title V, Chapter 1, Section II, paragraph 4.6


Annual





Decreto ministeriale –


Regolamento attuativo dell’articolo 37 del Decreto legislativo di 24 febbraio 1998, nr. 58

(Ministerial decree
– Regulation implementing Article 37 of Legislative decree No 58 of 24 February 1998)


No 228 of 24 May 1999


Chapter II, Article 12




Latvia



Alternatīvo ieguldījumu fondi

(Alternative Investment Funds)



Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

(Law on Alternative Investment Funds and Managers Thereof)



Law of 9 July 2013




Chapter III, Part 6 of Section 27




Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

(Law on Alternative Investment Funds and Managers Thereof)



Law of 9 July 2013



Chapter III, Part 6 of Section 27


Annual




Lithuania



Informuotiesiems investuotojams skirti kolektyvinio investavimo subjektai

(Collective investment undertakings intended for informed investors)



Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

(Law on Collective Investment Undertakings Intended for Informed Investors)


No XII-376 of 18 June 2013
(As last amended on 12 December 2019)


Article 2(5)



Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

(Law on Collective Investment Undertakings Intended for Informed Investors)


No XII-376 of 18 June 2013
(As last amended on 12 December 2019)


Article 42(2)


Biannual/annual




Lithuania



Alternatyvieji kolektyvinio investavimo subjektai

(Alternative collective investment undertakings)



Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

(Law on Managers of Alternative Collective Investment Undertakings)


No XII-1467 of 18 December 2014
(As last amended on 12 December 2019)


Article 3(13)



Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

(Law on Managers of Alternative Collective Investment Undertakings)


No XII-1467 of 18 December 2014
(As last amended on 12 December 2019)


Article 16(1)


Biannual/annual




Portugal



Fundos de capital de risco

(Private equity and Venture capital funds)



Lei

(Law)


No 18/2015 of 4 March 2015


Article 1 and 3



Regulamento da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Regulation)

Instrução da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Guideline)


No 3/2015 of 3 November 2015
No 7/2016 of 29 November 2016


Articles 2 and 15§1
Rule 2


Biannual




Portugal



Fundos de empreendedorismo social

(Social entrepreneurship Funds)

Organismos de investimento alternativo especializado

(Specialised alternative investment funds)



Lei

(Law)


No 18/2015 of 4 March 2015


Article 1 and 4
Article 1 and 5



Regulamento da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Regulation)


No 3/2015 of 3 November 2015


Articles 2 and 15 §2


Annual






            ’