Regulation (EU) 2019/1677 of the European Central Bank of 27 September 2019 amending Regulation (EU) No 1333/2014 concerning statistics on the money markets(ECB/2019/29)

Amendment

Article 1

Annex IV to Regulation (EU) No 1333/2014 (ECB/2014/48) is replaced by the text set out in the Annex to this Regulation.

Final provisions

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

ANNEXSupplementary provisions

ANNEX ‘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: (i) reporting must be timely and within the deadlines set by the ECB and the relevant national central bank (NCB); (ii) statistical reports must take their form and format from the technical reporting requirements set by the ECB and the relevant NCB; (iii) the reporting agent must provide the details of one or more contact persons to the ECB and the relevant NCB; (iv) the technical specifications for data transmission to the ECB and the relevant NCB must be followed. 2.   Minimum standards for accuracy: (i) statistical information must be correct; (ii) reporting agents must be able to provide information on the developments implied by the transmitted data; (iii) statistical information must be complete and must not contain continuous and structural gaps; existing gaps must be acknowledged, explained to the ECB and the relevant NCB and, where applicable, bridged as soon as possible; (iv) reporting agents must follow the dimensions, rounding policy and decimals set by the ECB and the relevant NCB for the technical transmission of the data; (v) reporting agents must respond with the required information within the deadlines set by the ECB or the relevant NCB to any communication from the ECB or the relevant NCB requesting them to confirm the accuracy of the statistical information or to answer any query regarding its accuracy. 3.   Minimum standards for compliance with concepts: (i) statistical information must comply with the definitions and classifications contained in this Regulation; (ii) 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; (iii) 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. 5.   Minimum standards for data integrity: (i) statistical information must be compiled and transmitted by reporting agents in an impartial and objective manner; (ii) errors in the transmitted data must be corrected and communicated by reporting agents to the ECB and the relevant NCB at the earliest possible date. ’