ANNEX IIISupplementary provisions
ANNEX III MINIMUM STANDARDS TO BE APPLIED BY THE ACTUAL REPORTING POPULATION Actual reporting agents must fulfil the following minimum standards to meet the statistical reporting requirements of the European Central Bank (ECB). 1. Minimum standards for transmission: (a) reporting to the national central banks (NCBs) 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 NCBs; (c) the contact persons within the actual reporting agent must be identified; (d) the technical specifications for data transmission to NCBs must be followed. 2. Minimum standards for accuracy: (a) all linear constraints must be fulfilled where applicable (e.g. subtotals must add up to totals); (b) actual reporting agents must be able to provide information on the developments implied by the data supplied; (c) the statistical information must be complete; (d) actual reporting agents must follow the dimensions and decimals set by the NCBs for the technical transmission of the data; (e) actual reporting agents must follow the rounding policy set by the NCBs for the technical transmission of the data. 3. Minimum standards for compliance with concepts: (a) the statistical information must comply with the definitions and classifications contained in this Regulation; (b) in the event of deviations from these definitions and classifications, where applicable actual reporting agents must monitor on a regular basis and quantify the difference between the measure used and the measure contained in this Regulation; (c) actual reporting agents must be able to explain breaks in the data supplied compared with the previous periods' figures. 4. Minimum standards for revisions: The revisions policy and procedures set by the ECB and the NCBs must be followed. Revisions deviating from regular revisions must be accompanied by explanatory notes.