CELEX: 32014D0062(01)
Language: en
Date: 2014-12-29 00:00:00
Title: 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)

9.1.2015   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               L 5/17
            
         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)
   (recast)
   
      (ECB/2014/62)
   
   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.
            
         
               (2)
            
            
               Since Decision ECB/2009/4 (2) needs to be substantially amended, it should be recast in the interests of clarity,
            
         HAS ADOPTED THIS DECISION:
   Article 1
   Derogations
   The IF categories in respect of which the NCBs have the discretion to grant derogations pursuant to Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) are laid down in the Annex to this Decision. The Governing Council shall review these categories at least every three years.
   Article 2
   Repeal
   1.   Decision ECB/2009/4 is repealed.
   2.   References to the repealed Decision shall be construed as references to this Decision.
   Article 3
   Taking effect
   This Decision shall take effect on the day of its notification to the addressees.
   Article 4
   Addressees
   This Decision is addressed to the NCBs of the Member States whose currency is the euro.
   
      Done at Frankfurt am Main, 29 December 2014.
      
         
            The President of the ECB
         
         Mario DRAGHI
      
   
   
      (1)  OJ L 297, 7.11.2013, p. 73.
   
      (2)  Decision ECB/2009/4 of 6 March 2009 concerning derogations that may be granted under Regulation (EC) No 958/2007 concerning statistics on the assets and liabilities of investment funds (ECB/2007/8) (OJ L 72, 18.3.2009, p. 21).
   
      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
               
            
                  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
               
            
                  France
               
               
                  
                     Sociétés civiles de placement immobilier
                  
                  (Real estate investment companies)
               
               
                  
                     Code monétaire et financier
                  
                  (Monetary and Financial Code)
               
               
                   
               
               
                  Chapter IV, Section 2, Paragraph 4 L214-86 to L214-126
               
               
                  
                     Règlement général de l'Autorité des Marchés Financiers
                  
                  (General Regulation of the Financial Markets Authority)
               
               
                   
               
               
                  Book IV, Article 422-234
               
               
                  Annual
               
            
                  France
               
               
                  
                     Organismes de placement collectif immobilier
                  
                  (Real estate collective investment undertakings)
               
               
                  
                     Code monétaire et financier
                  
                  (Monetary and Financial Code)
               
               
                   
               
               
                  Chapter IV, Section 2, Paragraph 3 L214-33 to L214-85
               
               
                  
                     Règlement général de l'Autorité des Marchés Financiers
                  
                  (General Regulation of the Financial Markets Authority)
               
               
                   
               
               
                  Book IV, Article 422-186
               
               
                  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)
               
               
                  8 May 2012
               
               
                  Title V, Chapter 1, Section II, paragraph 4.6
               
               
                  Biannual
               
            
                  
                     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
               
            
                  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
               
               
                  Article 2(4)
               
               
                  
                     Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas
                  
                  (Law on Collective Investment Undertakings Intended for Informed Investors)
               
               
                  No XII-376 of 18 June 2013
               
               
                  Article 31(2)
               
               
                  Biannual/annual
               
            
                  Portugal
               
               
                  
                     Fundos de capital de risco
                  
                  (Venture capital funds)
               
               
                  
                     Decreto-Lei
                  
                  (Decree Law)
               
               
                  No 375/2007 of 8 November 2007
               
               
                  Article 18
               
               
                  
                     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 1/2008 of 14 February 2008
                  No 2/2013 of 30 May 2013
               
               
                  Articles 4 and 11
                  Rule 1
               
               
                  Biannual