Monitoring and recording
Article 3
1. Competent NCBs shall monitor compliance with statistical reporting requirements by reporting agents on an ongoing basis and shall record alleged infringements of those requirements in a dedicated system. Each competent NCB shall maintain such a system for the purposes of this Regulation. 2. The ECB shall monitor compliance with statistical reporting requirements by reporting agents in cases of direct reporting on an ongoing basis, with the cooperation of the competent NCB upon request by the ECB and shall record alleged infringements of those requirements in a dedicated system. The ECB shall maintain that system for the purposes of this Regulation. 3. Where a reporting agent claims that an alleged infringement is due to circumstances beyond the reporting agent’s control, the competent Eurosystem central bank shall register the claim when recording the details of the alleged infringement. 4. Where a competent Eurosystem central bank identifies more than one alleged infringement of statistical reporting requirements by the same reporting agent, it shall record each alleged infringement separately.