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Document 32015O0039
Guideline (EU) 2016/231 of the European Central Bank of 26 November 2015 amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2015/39)
Guideline (EU) 2016/231 of the European Central Bank of 26 November 2015 amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2015/39)
Guideline (EU) 2016/231 of the European Central Bank of 26 November 2015 amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2015/39)
OJ L 41, 18.2.2016, p. 28–53
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
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18.2.2016 |
EN |
Official Journal of the European Union |
L 41/28 |
GUIDELINE (EU) 2016/231 OF THE EUROPEAN CENTRAL BANK
of 26 November 2015
amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2015/39)
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 Article 3.1 and 3.3, Articles 5.1, 12.1, 14.3 and Article 16 thereof,
Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (1), and in particular Articles 4 and 8 thereof,
Whereas:
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(1) |
External statistics are increasingly used for purposes other than monetary policy, including macro-prudential analysis and monitoring of excessive economic imbalances. These activities, as well as other activities in the area of international cooperation and research, will be facilitated by the European Central Bank's publication of the euro area aggregates compiled on the basis of Guideline ECB/2011/23 (2) and of the national data collected in this respect. |
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(2) |
Given the balance between merit and costs, the reduction of the reporting period for the transmission of quarterly balance of payments and international investment position data due to apply from 2019 under Guideline ECB/2011/23, will no longer be applied. |
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(3) |
Therefore, Guideline ECB/2011/23 should be amended accordingly, |
HAS ADOPTED THIS GUIDELINE:
Article 1
Amendments
Guideline ECB/2011/23 is amended as follows:
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(1) |
in Article 1, the following definition is added:
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(2) |
Article 2 is amended as follows:
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(3) |
Article 3(2) is amended as follows:
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(4) |
the following Article 3a is inserted: ‘Article 3a Transmission and publication of data by the ECB 1. The ECB shall transmit to the NCBs the euro area aggregates it publishes, as well as the publishable national data sets collected under Article 2. 2. The ECB may publish publishable national data sets following the publication of the respective euro area aggregates.’; |
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(5) |
in Article 6, paragraph 3 is replaced by the following: ‘3. Where the data for an item in Tables 1 to 5 of Annex II are of negligible or of insignificant size for euro area and national statistics, or the data for that item cannot be collected at reasonable cost, best estimates based on sound statistical methodologies shall be permitted provided the analytical value of the statistics is not compromised. In addition, best estimates shall be permitted for the following breakdowns in Tables 1, 2, 2A and 6 of Annex II:
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(6) |
Annexes I and II are amended in accordance with the Annex to this Guideline. |
Article 2
Taking effect and implementation
1. This Guideline shall take effect on the day of its notification to the national central banks of the Member States whose currency is the euro.
2. The Eurosystem central banks shall comply with this Guideline from 1 June 2016.
Article 3
Addressees
This Guideline is addressed to all Eurosystem central banks.
Done at Frankfurt am Main, 26 November 2015.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI
(1) OJ L 318, 27.11.1998, p. 8.
(2) Guideline ECB/2011/23 of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (OJ L 65, 3.3.2012, p. 1).
ANNEX
Annexes I and II to Guideline ECB/2011/23 are amended as follows:
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(1) |
Annex I is amended as follows:
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(2) |
Annex II is amended as follows:
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(1) Concepts and definitions of selected items are specified in Annex III.
(2) The details of the required geographical breakdowns are specified in Table 7.
(3) The details of the required institutional sector breakdowns are specified in Table 8.’;
(4) Including “financial derivatives — net”.’;
(5) Concepts and definitions of selected items are specified in Annex III.
(6) The details of the required geographical breakdowns are specified in Table 7.
(7) The details of the required institutional sector breakdowns are specified in Table 8.’;