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7.11.2013 Official
Journal
of
the
European
Union L
297/73
REGULATION (EU) No 1073/2013 OF THE EUROPEAN CENTRAL BANK
of 18 October 2013
concerning statistics on the assets and liabilities of investment funds (recast)
(ECB/2013/38)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
information on the business of IFs. The principal purpose
of such information is to provide the ECB with a
comprehensive statistical picture of the IF sector in the
Having regard to the Statute of the European System of Central
Member States whose currency is the euro (hereinafter
Banks and of the European Central Bank, and in particular
the ‘euro area Member States’), which are viewed as one
Article 5 thereof,
economic territory.
Having regard to Council Regulation (EC) No 2533/98 of
23 November 1998 concerning the collection of statistical
(4) To
limit
the
reporting
burden,
NCBs
are
allowed
to
information by the European Central Bank (
collect the necessary information on IFs from the

1 ), and in particular
Articles 5(1) and 6(4),
actual reporting population as part of a broader statistical
reporting framework which serves other statistical
purposes, provided that the fulfilment of the ECB’s stat
istical requirements is not jeopardised. In order to foster
Having regard to the opinion of the European Commission,
transparency, in such cases it is appropriate to inform the
reporting agents that data are collected to fulfil other
statistical purposes.
Whereas:
(1) Since
Regulation
(EC)
No
958/2007
of
the
European (5) Having
data
available
on
financial
transactions
facilitates
Central Bank of 27 July 2007 concerning statistics on
a more in-depth analysis for monetary policy and other
the assets and liabilities of investment funds
purposes. Data on financial transactions, as well as data
(ECB/2007/8) ( 2 ) needs to be substantially amended, in
on stocks, are also used to compile other statistics, in
particular in the light of Regulation (EU) No 549/2013
particular the euro area financial accounts.
of the European Parliament and of the Council of
21 May 2013 on the European system of national and
regional accounts in the European Union ( 3 ), it should be
recast in the interests of clarity.
(6) Although
regulations
adopted
under
Article
34.1
of
the
Statute of the European System of Central Banks and the
European Central Bank (hereinafter the ‘Statute of the
ESCB’) do not confer any rights or impose any
(2) Regulation
(EC)
No
2533/98
provides
in
Article
2(1)
that, for the fulfilment of its statistical reporting require
obligations on Member States whose currency is not
ments, the European Central Bank (ECB), assisted by the
the euro (hereinafter the ‘non-euro area Member
national central banks (NCBs), has the right to collect
States’), Article 5 of the Statute of the ESCB applies to
statistical information within the limits of the reference
both euro and non-euro area Member States. Recital 17
reporting population and of what is necessary to carry
of Regulation (EC) No 2533/98 refers to the fact that
out the tasks of the European System of Central Banks
Article 5 of the Statute of the ESCB, together with
(ESCB). It follows from Article 2(2)(a) of Regulation (EC)
Article 4(3) of the Treaty on European Union, implies
No 2533/98 that investment funds (IFs) form part of the
an obligation to design and implement at national level
reference reporting population for the purposes of
all the measures that the non-euro area Member States
fulfilling the ECB’s statistical reporting requirements,
consider appropriate to collect the statistical information
inter alia, in the field of monetary and financial statistics.
needed to fulfil the ECB’s statistical reporting
Furthermore, Article 3 of Regulation (EC) No 2533/98
requirements and make timely preparations in the field
requires the ECB to specify the actual reporting popu
of statistics in order to become euro area Member States.
lation within the limits of the reference reporting popu
lation and entitles it to fully or partly exempt specific
classes of reporting agents from its statistical reporting
(7) Although
this
Regulation
is
primarily
addressed
to
IFs,
requirements.
complete information on holders of bearer shares issued
by IFs may not be directly available from IFs, and it is
therefore necessary to include other entities in the actual
(3) In
order
to
fulfil
its
tasks
and
monitor
financial
activities
reporting population.
other than those undertaken by monetary financial insti
tutions (MFIs), the ESCB requires high quality statistical
(8) The
standards
for
the
protection
and
use
of
confidential
( 1 ) OJ L 318, 27.11.1998, p. 8.
( 2 ) OJ L 211, 11.8.2007, p. 8.
statistical information as laid down in Article 8 of Regu
( 3 ) OJ L 174, 26.6.2013, p. 1.
lation (EC) No 2533/98 should apply.

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Official Journal of the European Union
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(9) Article
7(1)
of
Regulation
(EC)
No
2533/98
provides
that
Bank of 24 September 2013 concerning the balance
the ECB has the power to impose sanctions on reporting
sheet of the monetary financial institutions sector
agents which fail to comply with statistical reporting
(ECB/2013/33) ( 1 ).
requirements set out in ECB regulations or decisions,
For the purposes of the definition of IF, ‘public’ shall
HAS ADOPTED THIS REGULATION:
encompass retail, professional and institutional investors;
Article 1
(2) ‘reporting agent’ has the same meaning as defined in
Article 1 of Regulation (EC) No 2533/98;
Definitions
For the purposes of this Regulation:
(3) ‘resident’ has the same meaning as defined in Article 1 of
Regulation (EC) No 2533/98. For the purposes of this Regu
(1) ‘investment fund (IF)’ means a collective investment under
lation, if a legal entity lacks a physical dimension its
taking that:
residence shall be determined by the economic territory
under whose laws the entity is incorporated. If the entity
is not incorporated, legal domicile shall be used as a
(a) invests in financial and/or non-financial assets, within
criterion, namely the country whose legal system governs
the meaning of Annex II, to the extent that its
the creation and continued existence of the entity;
objective is investing capital raised from the public; and
(4) ‘monetary financial institution (MFI)’ has the same meaning
(b) is constituted pursuant to Union or national law under:
as defined in Article 1 of Regulation (EU) No 1071/2013
(ECB/2013/33);
(i) contract law, as a common fund managed by
(5) ‘OFI’ means other financial intermediaries except insurance
management companies;
corporations and pension funds, as defined in ESA 2010
(sub-sector S.125);
(ii) trust law, as a unit trust;
(6) ‘IF registered shares/units’ means IF shares/units in respect of
which, in accordance with national legislation, a record is
(iii) company law, as an investment company;
kept identifying the holders of its shares/units, including
information on the residency and sector of the holder;
(iv) any other similar mechanism or legal form.
(7) ‘IF bearer shares/units’ means IF shares/units in respect of
which, in accordance with national legislation, a record is
The following are included within the definition:
not kept identifying the holders of its shares/units, or in
respect of which a record is kept which does not contain
information on the residency and sector of the holder;
(a) undertakings whose units or shares are, at the request of
the holders, repurchased or redeemed directly or indi
rectly out of the undertaking’s assets; and
(8) ‘relevant NCB’ means the NCB of the euro area Member
State in which the IF is resident;
(b) undertakings which have a fixed number of issued
shares and whose shareholders have to buy or sell
(9) ‘security-by-security’ data means data broken down into
existing shares when entering or leaving the fund.
individual securities.
The following are not included within the definition:
Article 2
Actual reporting population
(a) pension funds as defined in the revised European
1. The
actual
reporting
population
shall
consist
of
the
IFs
System of Accounts (hereinafter the ‘ESA 2010’) laid
resident in the territory of the euro area Member States. The
down by Regulation (EU) No 549/2013 (sub-sector
IF itself or, in the case of IFs that do not have legal personality
S.129);
under their national law, the persons legally entitled to
represent them, shall be responsible for reporting the statistical
information required under this Regulation.
(b) money market funds (MMFs) as defined in Annex I to
Regulation (EU) No 1071/2013 of the European Central
( 1 ) See page 1 of this Official Journal.

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2. Without
prejudice
to
paragraph
1,
for
the
purpose
of
Article 5
collecting information on the holders of bearer shares issued
by IFs in accordance with paragraph 3 in Part 2 of Annex I, the
Quarterly and monthly statistical reporting requirements
actual reporting population shall include MFIs and OFIs. The
1. The
reporting
agents
shall
provide,
in
accordance
with
NCBs may grant derogations to these entities provided that the
Annexes I and II:
required statistical information is collected from other available
sources in accordance with paragraph 3 in Part 2 of Annex I.
The NCBs shall check the fulfilment of this condition in good
time in order to grant or withdraw, if necessary, any derogation
(a) on a quarterly basis, end-of-quarter stock data on the assets
with effect from the start of each year, in agreement with the
and liabilities of IFs, and quarterly revaluation adjustments
ECB. For the purposes of this Regulation, the NCBs may
or transactions, where applicable; and
establish and maintain a list of reporting OFIs, in accordance
with the principles laid down in paragraph 3 in Part 2 of
Annex I.
(b) on a monthly basis, end-of-month stock data on IF
shares/units issued, the corresponding monthly revaluation
adjustments or transactions, if applicable and separate
reporting of new issuance and redemptions of IF
Article 3
shares/units during the reporting month.
List of IFs for statistical purposes
1. The
Executive
Board
shall
establish
and
maintain,
for
stat
istical purposes, a list of IFs that form the reference reporting
2. The
NCBs
may
choose
to
collect
the
data
in
paragraph
population, including, where applicable, their sub-funds, within
1(a) on a monthly instead of on a quarterly basis.
the meaning of Article 4(2). The list may be based on existing
lists of IFs supervised by national authorities, where such lists
are available, supplemented by other IFs falling within the defi
Article 6
nition of IFs in Article 1.
Revaluation adjustments or transactions
1. The
reporting
agents
shall
report
revaluation
adjustments
or transactions, in accordance with the relevant NCB’s instruc
2. The NCBs and the ECB shall make this list and its updates
tions, for the information reported on an aggregated basis as
available in an appropriate form, including by electronic means,
specified in Annex I.
via the internet or, at the request of the reporting agents
concerned, in paper form.
2. As
specified
in
Annex
I,
NCBs
may
either
derive
approxi
mations of security transactions from the security-by-security
3. If the latest accessible electronic version of the list referred
information or directly collect data on transactions on an
to in paragraph 2 is incorrect, the ECB shall not impose
security-by-security basis.
sanctions on any reporting agent which did not properly fulfil
its statistical reporting requirements to the extent that it relied
on the incorrect list in good faith.
3. Further requirements and guidelines regarding the
compilation of revaluation adjustments or transactions are laid
down in Annex III.
Article 4
Fund-by-fund reporting
Article 7
1. The
actual
reporting
population
shall
report
data
on
its
Accounting rules
assets and liabilities on a fund-by-fund basis.
1. The
accounting
rules
followed
by
IFs
for
the
purposes
of
reporting under this Regulation shall be those laid down in the
relevant national law implementing Council Directive
86/635/EEC of 8 December 1986 on the annual accounts
2. Without
prejudice
to
paragraph
1,
if
an
IF
segregates
its and consolidated accounts of banks and other financial institu
assets into different sub-funds in such a way that shares/units
tions (
relating to each sub-fund are independently backed by different

1 ) or, if the former provision is inapplicable, in any other
national or international standards that apply to IFs.
assets, each sub-fund shall be considered as an individual IF.
2. Without
prejudice
to
accounting
practices
and
netting
3. By
derogation
from
paragraphs
1
and
2,
subject
to
the arrangements prevailing in the euro area Member States, all
prior approval and in accordance with the instructions of the
financial assets and liabilities shall be reported on a gross
relevant NCB, IFs may report their assets and liabilities as a
basis for statistical purposes.
group, provided that this leads to results that are similar to
fund-by-fund reporting.
( 1 ) OJ L 372, 31.12.1986, p. 1.

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Article 8
end of the quarter to which the data relate, based on the
quarterly data collected from reporting agents;
Derogations
1. Derogations
from
the
statistical
reporting
requirements
set
out in Article 5 may be granted to IFs as follows:
(b) aggregated monthly stocks and revaluation adjustments by
close of business on the 28th working day following the
(a) The NCBs may grant derogations to the smallest IFs in
end of the month to which the data relate, based on the
terms of total assets, provided that the IFs that contribute
monthly data on IF shares/units issued collected from
to the quarterly aggregated balance sheet account for at least
reporting agents or based on actual data in accordance
95 % of the total of IFs’ assets in terms of stocks, in each
with Article 5(2);
euro area Member State.
(b) In euro area Member States where the combined total assets
(c) aggregated monthly new issuances and redemptions of IF
of national IFs do not exceed 1 % of the euro area IF total
shares/units by close of business on the 28th working day
assets, NCBs may grant derogations to the smallest IFs in
following the end of the month to which the data relate,
terms of total assets, provided that the IFs that contribute to
based on the monthly data collected from reporting agents.
the quarterly aggregated balance sheet account for at least
80 % of the total of national IFs’ assets in terms of stocks.
Article 10
(c) The IFs to which derogations as laid down in points (a) and
Minimum standards and national reporting arrangements
(b) apply shall only report, on a quarterly basis, end-of-
quarter stock data on IF shares/units issued and the
1. Reporting agents shall comply with the statistical
corresponding quarterly revaluation adjustments or trans
reporting requirements to which they are subject in accordance
actions, if applicable.
with the minimum standards for transmission, accuracy,
compliance with concepts and revisions specified in Annex IV.
(d) The NCBs shall check the fulfilment of the conditions set
out in points (a) and (b) annually in good time in order to
2. The
NCBs
shall
define
and
implement
the
reporting
grant or withdraw, if necessary, any derogation with effect
arrangements to be followed by the actual reporting population
from the start of each calendar year.
in accordance with national requirements. The NCBs shall
ensure that these reporting arrangements provide the required
statistical information and allow accurate checking of the
2. Derogations
may
be
granted
to
IFs
that
are
subject
to fulfilment of the minimum standards for transmission,
national accounting rules which allow the valuation of their
accuracy, compliance with concepts and revisions specified in
assets less frequently than quarterly. The IF categories to
Annex IV.
which NCBs shall have the discretion to grant derogations
shall be decided by the Governing Council. The IFs to which
such derogations apply shall be subject to the requirements set
out in Article 5 at a frequency consistent with their accounting
Article 11
obligations regarding the timing of valuation of their assets.
Mergers, divisions and reorganisations
In the event of a merger, division or reorganisation that might
3. The
IFs
may
choose
not
to
make
use
of
the
derogations affect the fulfilment of its statistical obligations, the reporting
and to fulfil the full statistical reporting requirements specified
agents concerned shall inform the relevant NCB, once the
in Article 5 instead. If an IF makes such a choice, it shall obtain
intention to implement such operation has become public
the relevant NCB’s consent prior to any change in its use of
and in due time before it takes effect, of the procedures that
these derogations.
are planned to fulfil the statistical reporting requirements set out
in this Regulation.
Article 9
Timeliness
Article 12
1. The
NCBs
shall
decide
when
they
need
to
receive
data
from reporting agents pursuant to Article 5 in order to meet
Verification and compulsory collection
the deadlines laid down in paragraph 2.
The NCBs shall exercise the right to verify or to collect compul
sorily the information which reporting agents are required to
provide pursuant to this Regulation, without prejudice to the
2. The
NCBs
shall
transmit
to
the
ECB:
ECB’s right to exercise these rights itself. In particular, the
NCBs shall exercise this right when an institution included
in the actual reporting population does not fulfil the
(a) aggregated quarterly stocks and revaluation adjustments by
minimum standards for transmission, accuracy, compliance
close of business on the 28th working day following the
with concepts and revisions specified in Annex IV.

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Article 13
2. References
to
the
repealed
Regulation
shall
be
construed
as references to this Regulation and shall be read in accordance
First reporting
with the correlation table set out in Annex V.
First reporting shall begin with monthly and quarterly data for
December 2014.
Article 15
Article 14
Final provision
Repeal
This Regulation shall enter into force on the twentieth day
1. Regulation
(EC)
No
958/2007
(ECB/2007/8)
is
repealed following that of its publication in the Official Journal of the
with effect from 1 January 2015.
European Union. It shall apply from 1 January 2015.
This Regulation shall be binding in its entirety and directly applicable in the Member States in
accordance with the Treaties.
Done at Frankfurt am Main, 18 October 2013.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI

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ANNEX I
STATISTICAL REPORTING REQUIREMENTS
PART 1
General statistical reporting requirements
1. The actual reporting population must provide the following statistical information:
(a) on a quarterly basis: (i) security-by-security information for securities with publicly available identification codes
held by IFs; (ii) aggregated information broken down by instrument/maturity categories, currencies and counter
parties, for assets and liabilities other than securities and for securities without publicly available identification
codes; (iii) either security-by-security or aggregated information on holders of IF shares/units issued, as further
specified in Part 2. The relevant NCB may require reporting agents to report security-by-security information for
securities without publicly available identification codes or item-by-item information for assets and liabilities other
than securities; and
(b) on a monthly basis, security-by-security information separately identifying all shares/units issued by IFs.
In addition to the data in respect of the fields that are required to be reported in the context of security-by-security
reporting in order to derive aggregated information on securities, as laid down in Table 2, the relevant NCB may also
decide to collect data on transactions on a security-by-security basis.
The aggregated data must be provided in terms of stocks and, in accordance with the relevant NCB’s instructions, in
terms of either: (a) revaluations due to price and exchange rate changes; or (b) transactions.
Subject to obtaining the relevant NCB’s prior approval, reporting agents which provide the required quarterly data on
an security-by-security basis may choose to report the required monthly data on an aggregated basis, instead of
providing security-by-security information.
2. The information to be provided to the relevant NCB on a security-by-security basis is specified in Table 2. The
aggregated quarterly statistical reporting requirements for stocks are specified in Table 1 and those for revaluations due
to price and exchange rate changes or transactions are specified in Table 3. The aggregated monthly statistical
reporting requirements for stocks, revaluations due to price and exchange rate changes or transactions, and new
issuances and redemptions of IF shares/units are specified in Table 4.
3. As far as it fulfils the conditions of the protection and use of confidential statistical information collected by the ESCB
under Article 8 of Regulation (EC) No 2533/98, in particular paragraph 5 thereof, an NCB may also derive the
necessary information from the data collected via Directive 2011/61/EU of the European Parliament and of the
Council of 8 June 2011 on Alternative Investment Fund Managers ( 1 ), to the extent that the data collected by the
competent national supervisory authority under this Directive is transmitted to the NCB in accordance with terms
agreed on between the two bodies.
PART 2
Residency and economic sector of the holders of IF shares/units
1. Reporting agents report, on a quarterly basis, data on the residency of the holders of IF shares/units issued by IFs of
the Member States whose currency is the euro (hereinafter the ‘euro area Member States’) in accordance with the
domestic/euro area other than domestic/rest of the world breakdown. The domestic and euro area other than domestic
counterparties are further broken down by sector.
( 1 ) OJ L 174, 1.7.2011, p. 1.

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2. As regards registered shares/units, reporting agents report data on the residency and sector breakdown of the holders
of the shares/units issued by IFs. If the residency and sector of the holder cannot be directly identified, the relevant
data is reported on the basis of available information.
3. As regards bearer shares/units, reporting agents report data on the residency and sector breakdown of the holders of IF
shares/units in accordance with the approach decided by the relevant NCB. This requirement is limited to one or a
combination of the following options, to be selected having regard to the organisation of the relevant markets and the
national legal arrangements in the Member State in question. This requirement will be periodically monitored by the
NCB.
(a) Issuing IFs:
Issuing IFs, or the persons legally representing them, or the entities referred to in Article 2(2) of this Regulation,
report data on the residency and sector breakdown of the holders of their shares/units issued. Such information
may come from the agent distributing the shares/units or from any other entity involved in the issue, buy-back or
transfer of the shares/units.
(b) MFIs and OFIs as custodians of IF shares/units:
As reporting agents, MFIs and OFIs acting as custodians of IF shares/units report data on the residency and sector
breakdown of the holders of shares/units issued by resident IFs and held in custody on behalf of the holder or of
another intermediary also acting as a custodian. This option is applicable if: (i) the custodian distinguishes IF
shares/units kept in custody on behalf of holders from those kept on behalf of other custodians; and (ii) most of
the IF shares/units are in the custody of domestic resident institutions that are classified as financial intermediaries
(MFIs or OFIs).
(c) MFIs and OFIs as reporters of transactions of residents with non-residents involving shares/units of a resident IF:
As reporting agents, MFIs and OFIs acting as reporters of transactions of residents with non-residents involving
shares/units of a resident IF report data on the residency and sector breakdown of the holders of shares/units
issued by resident IFs, which they trade on behalf of the holder or another intermediary also involved in the
transaction. This option is applicable if: (i) the reporting coverage is comprehensive, i.e. it covers substantially all of
the transactions carried out by the reporting agents; (ii) accurate data on purchases and sales with non-residents of
the euro area Member States are provided; (iii) differences between issuing value and redemption value, excluding
fees, of the same shares/units are minimal; and (iv) the amount of shares/units held by non-residents of the euro
area Member States issued by resident IFs is low.
(d) If points (a) to (c) do not apply, the reporting agents, including MFIs and OFIs, report the relevant data on the basis
of available information.
4. NCBs may also derive the necessary information from the data collected via Regulation (EU) No 1011/2012 of the
European Central Bank of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24) ( 2 ), to the
extent that the data comply with the timeliness requirements of Article 9 of this Regulation and, more generally, with
the minimum standards set out in Annex IV.
5. If registered shares/units or bearer shares/units are issued for the first time or if market developments require a change
of option or combination of options, NCBs may grant derogations for one year in respect of the requirements set out
in paragraphs 2 and 3.
( 2 ) OJ L 305, 1.11.2012, p. 6.

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PART 3
Reporting tables

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Table 2
Required security-by-security information
Data for the fields in the table below must be reported for each security classified under the categories ‘debt securities’,
‘equity’ and ‘investment fund shares/units’ in accordance with the following rules.
1. Data for field 1 must be reported.
2. If the relevant NCB does not directly collect security-by-security information on transactions, data for two out of the
three fields 2, 3 and 4 must be reported (i.e. fields 2 and 3; fields 2 and 4; or fields 3 and 4).
3. If the relevant NCB directly collects security-by-security information on transactions, data for the following fields must
also be reported:
(a) field 5; or fields 6 and 7; and
(b) field 4; or fields 2 and 3.
4. The relevant NCB may also require reporting agents to report data for field 8.
5. The relevant NCB may choose only to collect data for field 2 in cases (2) and (3)(b). If so, the NCB must check, and
inform the ECB, at least once a year that the quality of the aggregated data reported by the NCB, including the
frequency and size of revisions, is unaffected.
Field Title
1 Security
identifier
code
2 Number
of
units
or
aggregated
nominal
amount
3 Price
4 Total
amount
5 Financial
transactions
6 Securities
purchased
(assets)
or
issued
(liabilities)
7 Securities
sold
(assets)
or
redeemed
(liabilities)
8 Currency
of
recording
of
the
security

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ANNEX II
DEFINITIONS
PART 1
Definitions of instrument categories
1. This table provides a detailed standard description of the instrument categories, which national central banks (NCBs)
transpose into national categories in accordance with this Regulation. The table does not constitute a list of individual
financial instruments and the descriptions are not exhaustive. The definitions refer to the European system of national
and regional accounts in the European Union (hereinafter the ‘ESA 2010’) laid down by Regulation (EU) No 549/2013.
2. For some of the instrument categories, maturity breakdowns are required. These refer to original maturity, i.e. maturity
at issue, which is the fixed period of life of a financial instrument before which it cannot be redeemed, e.g. debt
securities, or before which it can be redeemed only with some kind of penalty, e.g. some types of deposits.
3. Financial claims can be distinguished by whether they are negotiable or not. A claim is negotiable if its ownership is
readily capable of being transferred from one unit to another by delivery or endorsement or of being offset in the case
of financial derivatives. While any financial instrument can be potentially traded, negotiable instruments are designed
to be traded on an organised exchange or ‘over-the-counter’, although actual trading is not a necessary condition for
negotiability.
Table A
Definitions of instrument categories of the assets and liabilities of IFs
ASSET CATEGORIES
Category Description
of
main
features
1. Deposits
and
loan
claims For the purposes of the reporting scheme, this item consists of funds lent by IFs to
borrowers, or loans acquired by IFs, which are either evidenced by non-negotiable
documents or not evidenced by documents
It includes the following items:
— deposits placed by the IF, such as overnight deposits, deposits with agreed maturity
and deposits redeemable at notice
— holdings of non-negotiable securities:
Holdings of debt securities which are not negotiable and cannot be traded on
secondary markets
— traded loans:
— loans that have de facto become negotiable are classified under the item ‘deposits and
loan claims’ provided that there is no evidence of secondary market trading.
Otherwise they are classified as debt securities
— subordinated debt in the form of deposits or loans: subordinated debt instruments
provide a subsidiary claim on the issuing institution that can only be exercised after
all claims with a higher status have been satisfied, giving them some of the char
acteristics of equity. For statistical purposes, subordinated debt is classified as either
‘loans’ or ‘debt securities’ according to the nature of the instrument. Where the IF’s
holdings of all forms of subordinated debt are currently identified as a single figure
for statistical purposes, this figure is classified under the item ‘debt securities’, on the
grounds that subordinated debt is predominantly constituted in the form of debt
securities, rather than as loans

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Category Description
of
main
features
— claims under reverse repos against cash collateral:
counterpart of cash paid out in exchange for securities purchased by IFs at a given
price under a firm commitment to resell the same (or similar) securities at a fixed
price on a specified future date
— claims under securities borrowing against cash collateral:
counterpart of cash paid in exchange for securities borrowed by IFs
For the purposes of this Regulation, this item also includes holdings of euro and foreign
currency banknotes and coins in circulation that are commonly used to make payments
2. Debt
securities Holdings
of
debt
securities,
which
are
negotiable
financial
instruments
serving
as
evidence of debt, are usually traded on secondary markets or can be offset on the
market, and do not grant the holder any ownership rights over the issuing institution
This item includes:
— holdings of securities which give the holder the unconditional right to a fixed or
contractually determined income in the form of coupon payments and/or a stated
fixed sum at a specific date or dates, or starting from a date defined at the time of
issue
— traded loans which have become negotiable on an organised market, provided that
there is evidence of secondary market trading, including the existence of market
makers, and frequent quotation of the financial asset, such as provided by bid-offer
spreads. Where this is not the case they are classified as ‘deposits and loan claims’
— subordinated debt in the form of debt securities
Securities lent out under securities lending operations or sold under a repurchase
agreement remain on the original owner’s balance sheet (and are not recorded on the
temporary acquirer’s balance sheet) where there is a firm commitment to reverse the
operation and not simply an option to do so. Where the temporary acquirer sells the
securities received, this sale must be recorded as an outright transaction in securities and
entered in the temporary acquirer’s balance sheet as a negative position in the securities
portfolio
3. Equity and investment Financial assets that represent property rights in corporations or quasi-corporations.
fund shares/units
Such financial assets generally entitle the holders to a share in the profits of the
corporations or quasi-corporations and to a share in their net assets in the event of
liquidation
This item includes listed and unlisted shares, other equity, MMF shares/units and non-
MMF IF shares/units
Equity securities lent out under securities lending operations or sold under a repurchase
agreement, are treated in accordance with the rules in category 2 ‘debt securities’
3a. Equity and investment Listed shares are equity securities listed on an exchange. Such an exchange may be a
fund shares/units of
recognised stock exchange or any other form of secondary market. Listed shares are also
which listed shares
referred to as quoted shares. The existence of quoted prices of shares listed on an
exchange means that current market prices are usually readily available

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Category Description
of
main
features
3b. Equity and investment This item includes holdings of shares/units issued by MMFs and non-MMF IFs (i.e. IFs
fund shares/units of
other than MMFs) included in the lists of MFIs and IFs for statistical purposes
which investment fund
shares/units
MMFs are defined in Regulation (EU) No 1071/2013 (ECB/2013/33)
IFs other than MMFs, are defined in Article 1 of this Regulation
(2+3)a of which securities This item includes those securities, reported under categories 2 (debt securities) and 3
(debt securities,
(equity and investment fund shares/units), which have been lent under securities lending
equity and investment operations or sold under repurchase agreements (or any other type of similar operations,
fund shares/units) lent such as sell and buy-back transactions)
out or sold under
repurchase agree
ments
4. Financial
derivatives
Financial derivatives are financial instruments linked to a specified financial instrument,
indicator, or commodity, through which specific financial risks can be traded in financial
markets in their own right
This item includes:
— options
— warrants
— futures
— forwards
— swaps
— credit derivatives
Financial derivatives are recorded at market value on the balance sheet on a gross basis.
Individual derivative contracts with positive market values are recorded on the asset side
of the balance sheet, and contracts with negative market values on the liability side of
the balance sheet
Gross future commitments arising from derivative contracts should not be entered as
on-balance-sheet items
Financial derivatives may be recorded on a net basis according to different valuation
methods. In the event that only net positions are available, or positions are recorded
other than at market value, these positions are reported instead
This item does not include financial derivatives that are not subject to on-balance-sheet
recording according to national rules
5. Non-financial
assets
Tangible and intangible assets, other than financial assets. Fixed assets are non-financial
(including fixed assets)
assets which are used repeatedly or continuously by the IF for more than one year.
This item includes dwellings, other buildings and structures, machinery and equipment,
valuables, and intellectual property products such as computer software and databases.
6. Remaining
assets
This is the residual item on the asset side of the balance sheet, defined as ‘assets not
included elsewhere’. NCBs may also require under this item individual breakdowns of the
following:
— accrued interest receivable on deposits and loans
— accrued interest on holdings of debt securities
— accrued rent receivable
— amounts receivable which do not relate to the IF’s main business

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LIABILITY CATEGORIES
Category Description
of
main
features
7. Loans and deposits Amounts owed to creditors by the IF, other than those arising from the issue of
received
negotiable securities. This item consists of:
— loans: loans granted to the IFs which are either evidenced by non-negotiable
documents or not evidenced by documents
— repos and repo-type operations against cash collateral: counterpart of cash received
in exchange for securities sold by the IF at a given price under a firm commitment to
repurchase the same (or similar) securities at a fixed price on a specified future date.
Amounts received by the IF in exchange for securities transferred to a third party
(‘temporary acquirer’) are to be classified here where there is a firm commitment to
reverse the operation and not merely an option to do so. This implies that the IF
retains all risks and rewards of the underlying securities during the operation
— cash collateral received in exchange for securities lending: amounts received in
exchange for securities temporarily transferred to a third party in the form of
securities lending operations against cash collateral
— cash collateral received in operations involving the temporary transfer of gold against
collateral
8. IF
shares/units Shares
or
units,
including
in
the
form
of
equity
capital,
issued
by
IFs
that
are
included
in
the list of IFs for statistical purposes. This item represents the total liability to the IF’s
shareholders. Funds arising from non-distributed benefits or funds set aside by the IF in
anticipation of likely future payments and obligations are also included
9. Financial
derivatives See
category
4
10. Remaining liabilities
This is the residual item on the liabilities side of the balance sheet, defined as ‘liabilities
not included elsewhere’.
NCBs may also require under this item individual breakdowns of the following:
— debt securities issued
Securities issued by the IF, other than equity, which are instruments usually
negotiable and traded on secondary markets or which can be offset on the
market and which do not grant the holder any ownership rights over the issuing
institution
— accrued interest payable on loans and deposits
— amounts payable not related to the IF’s main business, i.e. amounts due to suppliers,
tax, wages, social contributions, etc.
— provisions representing liabilities against third parties, i.e. pensions, dividends, etc.
— net positions arising from securities lending without cash collateral
— net amounts payable in respect of future settlements of transactions in securities

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PART 2
Definitions of security-by-security attributes
Table B
Definitions of security-by-security attributes
Field Description
Security identifier code A
code
that
uniquely
identifies
a
security.
It
may
be
the
ISIN
code
or
another
security identifier code, subject to the NCB’s instructions
Number of units or aggregated Number of units of a security, or aggregated nominal amount if the security is
nominal amount
traded in amounts rather than in units
Price Price
per
unit
of
a
security,
or
percentage
of
the
aggregated
nominal
amount
if
the security is traded in amounts rather than in units. The price is usually the
market price or is close to the market price. NCBs may also require accrued
interest under this position
Total amount Total
amount
for
a
security.
In
the
case
of
securities
that
are
traded
in
units,
this
amount equals the number of securities multiplied by the price per unit. Where
securities are traded in amounts rather than in units, this amount equals the
aggregated nominal amount multiplied by the price expressed as a percentage
The total amount is, in principle, equal to market value or is close to market
value. NCBs may also require accrued interest under this position
Financial transactions The
sum
of
purchases
minus
sales
(securities
on
the
asset
side)
or
issues
minus
redemptions (securities on the liability side) of a security recorded at transaction
value
Securities purchased (assets) or issued The sum of purchases (securities on the asset side) or issues (securities on the
(liabilities)
liability side) of a security recorded at transaction value
Securities sold (assets) or redeemed The sum of sales (securities on the asset side) or redemptions (securities on the
(liabilities)
liability side) of a security recorded at transaction value
Currency of recording of the security ISO code or equivalent of the currency used to express the price and/or the
outstanding amount of the security
PART 3
Definitions of sectors
The ESA 2010 provides the standard for sector classification. This table provides a detailed standard description of sectors
which NCBs transpose into national categories in accordance with this Regulation. Counterparties located in the territory
of the Member States whose currency is the euro are identified according to their sector in accordance with the lists
maintained by the European Central Bank (ECB) for statistical purposes and the guidance for the statistical classification of
counterparties provided in the ECB’s ‘Monetary financial institutions and markets statistics sector manual: Guidance for
the statistical classification of customers’.
Table C
Definitions of sectors
Sector Definition
1. MFIs MFIs
as
defined
in
Article
1
of
Regulation
(EU)
No
1071/2013
(ECB/2013/33).
This sector consists of NCBs, credit institutions as defined in Union law, MMFs,
other financial institutions whose business is to receive deposits and/or close
substitutes for deposits from entities other than MFIs and, for their own
account, at least in economic terms, to grant loans and/or make investments
in securities, and electronic money institutions that are principally engaged in
financial intermediation in the form of issuing electronic money

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Sector Definition
2. General government The
general
government
sector
(S.13)
consists
of
institutional
units
which
are
non-market producers whose output is intended for individual and collective
consumption, and which are financed by compulsory payments made by units
belonging to other sectors, and institutional units principally engaged in the
redistribution of national income and wealth (ESA 2010, paragraphs 2.111 to
2.113)
3. Non-MMF IFs IFs
as
defined
in
Article
1
of
this
Regulation
4. Other financial intermediaries, The other financial intermediaries, except insurance corporations and pension
except insurance corporations funds sub-sector (S.125) consists of all financial corporations and quasi-corpor
and pension funds + financial ations which are principally engaged in financial intermediation by incurring
auxiliaries + captive financial liabilities in forms other than currency, deposits (or close substitutes for deposits),
institutions and money lenders
IF shares/units, or in relation to insurance, pension and standardised guarantee
schemes from institutional units. FVCs as defined in Regulation (EU) No
1075/2013 of 18 October 2013 concerning statistics on the assets and liabilities
of financial vehicle corporations engaged in securitisation transactions
(ECB/2013/40) ( 1 ) are included in this sub-sector (ESA 2010, paragraphs 2.86
to 2.94)
The financial auxiliaries sub-sector (S.126) consists of all financial corporations
and quasi-corporations which are principally engaged in activities closely related
to financial intermediation but which are not financial intermediaries themselves.
This sub-sector also includes head offices whose subsidiaries are all or mostly
financial corporations (ESA 2010, paragraphs 2.95 to 2.97)
The captive financial institutions and money lenders sub-sector (S.127) consists
of all financial corporations and quasi-corporations which are neither engaged in
financial intermediation nor in providing financial auxiliary services, and where
most of either their assets or their liabilities are not transacted on open markets.
This sub-sector includes holding companies that hold controlling-levels of equity
of a group of subsidiary corporations and whose principal activity is owning the
group without providing any other service to the businesses in which the equity
is held, that is, they do not administer or manage other units (ESA 2010,
paragraphs 2.98 and 2.99)
5. Insurance corporations + pension The insurance corporations sub-sector (S.128) consists of all financial corpor
funds
ations and quasi-corporations which are principally engaged in financial inter
mediation as a consequence of the pooling of risks mainly in the form of direct
insurance or reinsurance (ESA 2010, paragraphs 2.100 to 2.104)
The pension funds sub-sector (S.129) consists of all financial corporations and
quasi-corporations which are principally engaged in financial intermediation as
the consequence of the pooling of social risks and needs of the insured persons
(social insurance). Pension funds as social insurance schemes provide income in
retirement, and often benefits for death and disability (ESA 2010, paragraphs
2.105 to 2.110).
6. Non-financial corporations The
non-financial
corporations
sector
(S.11)
consists
of
institutional
units
which
are independent legal entities and market producers, and whose principal activity
is the production of goods and non-financial services. This sector also includes
non-financial quasi-corporations (ESA 2010, paragraphs 2.45 to 2.50)

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Sector Definition
7. Households + non-profit insti The households sector (S.14) consists of individuals or groups of individuals as
tutions serving households
consumers and as entrepreneurs producing market goods and non-financial and
financial services (market producers) provided that the production of goods and
services is not by separate entities treated as quasi-corporations. It also includes
individuals or groups of individuals as producers of goods and non-financial
services for exclusively own final use. The household sector includes sole propri
etorships and partnerships without independent legal status, other than those
treated as quasi-corporations, which are market producers (ESA 2010, paragraphs
2.118 to 2.128)
The non-profit institutions serving households (NPISHs) sector (S.15) consists of
non-profit institutions which are separate legal entities, which serve households
and are private non-market producers. Their principal resources are voluntary
contributions in cash or in kind from households in their capacity as consumers,
from payments made by general government and from property income (ESA
2010, paragraphs 2.129 and 2.130)
( 1 ) See page 107 of this Official Journal.

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ANNEX III
REVALUATION ADJUSTMENTS OR TRANSACTIONS
1. The actual reporting population must report revaluation adjustments or transactions as set out in Article 6 of this
Regulation. If the actual reporting population reports revaluation adjustments, these will cover either revaluations due
to price and exchange rate changes, or only price changes in the reference period, subject to the relevant NCB’s prior
approval. If the revaluation adjustment covers only revaluations due to price changes, the relevant NCB collects the
necessary data, which should cover as a minimum a currency breakdown into pound sterling, Swiss franc, yen and US
dollar in order to derive the revaluations due to exchange rate changes.
2. ‘Financial transactions’ refers to those transactions that arise out of the creation, liquidation or change in ownership of
financial assets or liabilities. These transactions are measured in terms of the difference between stock positions at end-
period reporting dates, from which the effect of changes due to influences from ‘revaluation adjustments’ (caused by
price and exchange rate changes) and ‘reclassifications and other adjustments’ is removed. The European Central Bank
requires statistical information for the purpose of compiling transactions in the form of adjustments covering ‘reclas
sifications and other adjustments’ and ‘price and exchange rate revaluations’. Financial transactions should in principle
comply with the ESA 2010, but may deviate due to national practices.
3. ‘Price and exchange rate revaluations’ refers to fluctuations in the valuation of assets and liabilities that arise either
from changes in the prices of assets and liabilities and/or the exchange rates that affect the values expressed in euro of
assets and liabilities denominated in a foreign currency. The adjustment in respect of price revaluations of assets/
liabilities refers to fluctuations in the valuation of assets/liabilities that arise because of a change in the price at which
assets/liabilities are recorded or traded. The price revaluations include the changes that occur over time in the value of
end-period stocks because of changes in the reference value at which they are recorded, i.e. holding gains/losses.
Movements in exchange rates against the euro that occur between end-period reporting dates give rise to changes in
the value of foreign currency assets/liabilities when expressed in euro. As these changes represent holding gains/losses
and are not due to financial transactions, these effects need to be removed from the transactions data. In principle,
‘price and exchange rate revaluations’ also contain valuation changes that result from transactions in assets/liabilities,
i.e. realised gains/losses; however, there are different national practices in this respect.

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ANNEX IV
MINIMUM STANDARDS TO BE APPLIED BY THE ACTUAL REPORTING POPULATION
Reporting agents must fulfil the following minimum standards to meet the European Central Bank’s (ECB’s) statistical
reporting requirements.
1. Minimum standards for transmission:
(a) reporting must be timely and within the deadlines set by the relevant NCB;
(b) statistical reports must take their form and format from the technical reporting requirements set by the relevant
NCB;
(c) the reporting agent must provide the details of one or more contact persons to the relevant NCB;
(d) the technical specifications for data transmission to the relevant NCB must be followed;
(e) for security-by-security reporting, if the relevant NCB so requests, the reporting agents must provide further
information (e.g. name of issuer, issue date) needed to identify securities whose security identification codes are
either erroneous or not publicly available.
2. Minimum standards for accuracy:
(a) statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must
balance, subtotals must add up to totals) and data must be consistent across all frequencies;
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) statistical information must be complete and must not contain continuous and structural gaps; existing gaps
should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the
technical transmission of the data.
3. Minimum standards for compliance with concepts:
(a) statistical information must comply with the definitions and classifications contained in this Regulation;
(b) in the event of deviations from these definitions and classifications, reporting agents must monitor and quantify
the difference between the measure used and the measure contained in this Regulation on a regular basis;
(c) reporting agents must be able to explain breaks in the transmitted data compared with the previous periods’
figures.
4. Minimum standards for revisions:
The revisions policy and procedures set by the ECB and the relevant NCB must be followed. Revisions deviating from
regular revisions must be accompanied by explanatory notes.

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ANNEX V
CORRELATION TABLE
Regulation (EC) No 958/2007 (ECB/2007/8) This
Regulation
Articles 1 and 2 Articles
1
and
2
Article 3 Article
8
Article 4 Article
3
Article 5 Article
4
Article 6 Article
5
Article 7 Article
6
Article 8 Article
7
Articles 9 to 13 Articles
9
to
13
— Article
14
Article 14 Article
15
Annex I, Part 1, (1)
—
Annex I, Part 1, (2)(a) Annex
I,
Part
1,
(1)
Annex I, Part 1, (2)(b)
—
Annex I, Part 1, (3) Annex
I,
Part
1,
(2)
— Annex
I,
Part
1,
(3)
Annex I, Part 2, (1) to (3) Annex
I,
Part
2,
(1)
to
(3)
— Annex
I,
Part
2,
(4)
Annex I, Part 2, (4) Annex
I,
Part
2,
(5)
Annex I, Part 3 Annex
I,
Part
3
Annex II, Part 1 Annex
II,
Part
1,
(1)
—
Annex II, Part 1, (2) and (3)
Annex II, Parts 2 and 3 Annex
II,
Parts
2
and
3
Annexes III and IV Annexes
III
and
IV
— Annex
V

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