1.National competent authorities shall monitor and assess the quality and reliability of the data made available to the ECB. National competent authorities shall apply the relevant validation rules developed, maintained and published by the EBA. National competent authorities shall also apply the additional data quality checks defined by the ECB in cooperation with the national competent authorities.
2.Further to the compliance with the validation rules and quality checks, the data shall be submitted in accordance with the following additional minimum standards for accuracy:
national competent authorities shall provide information, if applicable, on the developments implied by the data submitted; and
the information must be complete: existing gaps must be acknowledged, explained to the ECB and, if applicable, filled without undue delay.