CELEX: 32020D1100
Language: en
Date: 2020-07-17 00:00:00
Title: 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)

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
                              
                           
               ’