20071115

Guideline of the European Central Bank

of 15 November 2007

amending Guideline ECB/2005/5 on the statistical reporting requirements of the European Central Bank and the procedures for exchanging statistical information within the European System of Central Banks in the field of government finance statistics

(ECB/2007/14)

(2007/772/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 5.1 and 5.2, 12.1 and 14.3 thereof,

Whereas:

(1) Article 8(3) of Guideline ECB/2005/5 of 17 February 2005 on the statistical reporting requirements of the European Central Bank and the procedures for exchanging statistical information within the European System of Central Banks in the field of government finance statistics [1] provides that the Governing Council will on a yearly basis review the derogations granted to the national central banks (NCBs) that are unable to comply with the requirements laid down in Article 2 and Article 4(1) of the Guideline.

(2) Guideline ECB/2006/27 contained updated derogations from the data reporting requirements in respect of the Member States that had adopted the euro by 18 December 2006, as well as Slovenia.

(3) Cyprus will adopt the euro on 1 January 2008 and derogations need to be inserted into Guideline ECB/2005/5 in respect of Cyprus.

(4) In accordance with Article 3.5 of the Rules of Procedure of the European Central Bank, the Governor of the Central Bank of Cyprus has been invited to attend the meeting of the Governing Council adopting this Guideline,

HAS ADOPTED THIS GUIDELINE:

Article 1

Annex IV to Guideline ECB/2005/5 is replaced by the Annex to this Guideline.

Article 2

Entry into force

This Guideline shall enter into force on 1 January 2008.

Article 3

Addressees

This Guideline is addressed to the NCBs of the Member States that have adopted the euro.

Done at Frankfurt-am-Main, 15 November 2007.

For the Governing Council of the ECB

The President of the ECB

Jean-Claude Trichet

[1] OJ L 109, 29.4.2005, p. 81. Guideline as last amended by Guideline ECB/2006/27 (OJ C 17, 25.1.2007, p. 1).

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20071115

ANNEX

20071115

"ANNEX IV

DEROGATIONS RELATED TO THE TIME SERIES LISTED IN ANNEX I, TABLES 1A TO 3B

Table/row | Description of the time series | First date of transmission |

GERMANY

2A.30 | Foreign exchange holding gains and losses | October 2008 |

3A.13,14 | Debt held by non-residents, breakdown |

3A.23,25 | Debt, breakdown by residual maturity of which variable interest rate |

GREECE

3A.13,14 | Debt held by non-residents, breakdown | October 2008 |

3A.20 | Long-term debt of which variable interest rate |

3A.21,22,23,24,25 | Debt, breakdown by residual maturity |

FRANCE

3A.13,14 | Debt held by non-residents, breakdown | October 2008 |

IRELAND

3A.13,14 | Debt held by non-residents, breakdown | October 2008 |

3A.31 | Debt-zero coupon bonds |

ITALY

3A.13,14 | Debt held by non-residents, breakdown | October 2008 |

CYPRUS [1]

1B.13 | Capital transfers payable by EU budget to non-government units | October 2008 |

2A.2 | Adjustment between financial and non-financial accounts |

2A.6 | Transactions in securities other than shares — short- and long-term securities |

2A.8 | Transactions in loans |

2A.9 | Transactions in shares and other equity |

2A.12 | Transactions in shares and other equity — other |

2A.22 | Transactions in other liabilities |

2A.29 | Valuation effects on debt |

2A.30 | Foreign exchange holding gains and losses |

2A.31 | Other valuation effects — face value |

2A.32 | Other changes in volume of debt |

3A.10 | Debt held by other financial institutions |

3A.28 | Local government debt component |

3B.11 | Debt issued by local government |

LUXEMBOURG [2]

2A.2 | Adjustment between financial and non-financial accounts | October 2008 |

2A.3 | Net transactions in financial assets and liabilities |

2A.11,12 | Transactions in shares and other equity, breakdown |

2A.7,19 | Transactions in financial assets and liabilities of which transactions in financial derivatives |

2A.13,22 | Transactions in other financial assets and other liabilities |

2A.29,30,31 | Valuation effects on debt and breakdown |

2A.32 | Other changes in volume of debt |

3A.12,13,14 | Debt held by non-residents, breakdown |

3A.21,22,23,24,25 | Debt, breakdown by residual maturity |

3A.30 | Average residual maturity of debt |

NETHERLANDS

3A.13,14 | Debt held by non-residents, breakdown | October 2008 |

AUSTRIA

2A.10,11,12 | Transactions in shares and other equity, breakdown | October 2008 |

2A.25,26,27 | Transactions in debt instruments, breakdown by currency in which they are denominated |

2A.29,30,31 | Valuation effects on debt and breakdown |

2A.32 | Other changes in volume of debt |

3A.13,14 | Debt held by non-residents, breakdown |

3A.15,16,17 | Debt, breakdown by currency in which it is denominated |

3A.20 | Long-term debt of which variable interest rate |

3A.21,22,23,24,25 | Debt, breakdown by residual maturity |

3A.30 | Average residual maturity of debt |

3A.31 | Debt-zero coupon bonds |

SLOVENIA [3]

1A.2,3,4,5 | Deficit by subsectors | October 2008 |

2A.10,11,12 | Transactions in shares and other equity, breakdown |

2A.24 | Transactions in long-term debt instruments |

2A.25,26,27 | Transactions in debt instruments, breakdown by currency in which they are denominated |

2A.29,30,31 | Valuation effects on debt and breakdown |

2A.32 | Other changes in volume of debt |

3A.13,14 | Debt held by non-residents, breakdown |

3A.20 | Long-term debt of which variable interest rate |

3A.30 | Average residual maturity of debt |

3A.31 | Debt-zero coupon bonds |

[1] For item 2A.2 the derogation only applies to data requested for 1997. For items 2A.6, 8, 9, 22 the derogation only applies to data requested for the period from 1995 to 1998. For items 2A.12, 29, 30, 31, 32 the derogation only applies to data requested for the period from 1995 to 2001. For items 3A.28 and 3B.11 the derogation only applies to data requested for the period from 1995 to 1997.

[2] For items 2A.2, 3, 7, 13, 19, 22 the derogation only applies to data requested for the period from 1995 to 1998.

[3] Slovenia has derogations for all data requested in Tables 2A, 2B, 3A and 3B of Annex I for the period from 1995 to 1998. For items 1A.2, 3, 4, 5 the derogation only applies to data requested for the period from 1995 to 1998. For items 2A.10, 11, 12, 24 the derogation only applies to data requested for 1999."

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