Data quality
Article 5
1. NCAs shall: (a) monitor and assess the quality and reliability of the information made available to the ECB pursuant to this Decision; (b) apply the relevant validation rules developed, maintained and published by the EBA; and (c) apply additional data quality checks defined by the ECB in cooperation with the NCAs. 2. NCAs shall perform their quality assessment of funding plans data submitted to them in accordance with the following: (a) by the 10th working day following the 15 March remittance date referred to in the EBA 2019 Guidelines with respect to the following: (i) significant supervised entities reporting at the highest level of consolidation within the participating Member States; (ii) significant supervised entities that are not part of a supervised group; (iii) supervised entities that are classified as significant in accordance with the three most significant credit institutions criterion in their Member State and which report on a consolidated basis or on an individual basis, if they are not required to report on a consolidated basis, and where NCAs provide such funding plans to the ECB in accordance with Article 3(2); (iv) supervised entities referred to in Article 3(1), point (c), that are included in the list of the Largest Institutions in the Member State as published by the EBA pursuant to Article 2(6) of EBA Decision of 27 July 2021 concerning supervisory reporting by competent authorities to the EBA (EBA/DC/404) ( 12 ) ; (b) for the significant supervised entities that are not covered by point (a), by the 25th working day following the 15 March remittance date referred to in the EBA 2019 Guidelines. 3. Further to the compliance with the validation rules and data quality checks referred to in paragraph 1, the information shall be submitted in accordance with the following minimum standards for accuracy: (a) NCAs shall provide information, if applicable, on the developments implied by the information submitted; and (b) the information shall be complete, existing gaps shall be acknowledged and explained to the ECB and, if applicable, those gaps shall be filled without undue delay.