Decision (EU) 2021/1396 of the ECB Article 1: Amendments

Article 1 - Amendments

Article 1

Amendments

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Decision ECB/2014/29 is amended as follows:

(1.)

the title is replaced by the following:

‘Decision of the European Central Bank of 2 July 2014 on the provision to the European Central Bank of supervisory data reported to the national competent authorities by the supervised entities (ECB/2014/29)’;

(2.)

Article 1 is replaced by the following:

‘Article 1

Scope

Pursuant to Article 21 of the SSM Framework Regulation, this Decision lays down procedures concerning the submission to the ECB of data reported to the national competent authorities by the supervised entities on the basis of Commission Implementing Regulation (EU) 2016/2070 (^*1), Commission Implementing Regulation (EU) 2021/451 (^*2), and Commission Implementing Regulation (EU) 2021/453 (^*3).

(3.)

Article 3 is replaced by the following:

‘Article 3

Remittance dates

1. National competent authorities shall submit to the ECB the data referred to in Implementing Regulation (EU) 2021/451 and Implementing Regulation (EU) 2021/453 and reported to them by the supervised entities in accordance with the following:

((a))

National competent authorities shall submit to the ECB data relating to the following entities by 12 noon Central European Time (CET) (^{¹4}) on the 10th working day following the relevant remittance dates referred to in Article 3 and Article 20(3) of Implementing Regulation (EU) 2021/451 and the relevant reporting dates referred to in Article 1(2) of Implementing Regulation (EU) 2021/453:

((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 which 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;

((iv))

other supervised entities reporting on a consolidated basis or on an individual basis, if they are not required to report on a consolidated basis, which are the ‘Largest Institutions in the Member State’ as defined in Article 2(3) of EBA Decision of 5 June 2020 concerning supervisory reporting by competent authorities to the EBA (EBA/DC/2020/334) (^{²5});

((b))

where point (a) does not apply, national competent authorities shall submit to the ECB data relating to the following entities by 12 noon CET on the 25th working day following the relevant remittance dates referred to in Article 3 of Implementing Regulation (EU) 2021/451 and the relevant reporting dates referred to in Article 1(2) of Implementing Regulation (EU) 2021/453:

((i))

significant supervised entities;

((ii))

less significant supervised entities.

2. National competent authorities shall report to the ECB the data referred to in Implementing Regulation (EU) 2016/2070 in accordance with the following:

((a))

National competent authorities shall report to the ECB data relating to the following entitites by 12 noon CET on the 10th working day following the relevant remittance dates referred to in the relevant provision for each data item in Implementing Regulation (EU) 2016/2070:

((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))

((iv))

less significant supervised entities reporting at the highest level of consolidation within participating Member States insofar as they are the highest level of consolidation in the Union and less significant supervised entities reporting on an individual basis if they are not part of a supervised group, in accordance with Article 1(2) of Decision EBA/DC/2020/337 of the EBA

((b))

Where point (a) does not apply, national competent authorities shall report to the ECB data relating to the following entities by close of business on the 25th working day following the relevant remittance dates referred to in the relevant provision for each data item in Implementing Regulation (EU) 2016/2070:

((i))

significant supervised entities;

((ii))

less significant supervised entities.

(4.)

the following Article 7b is inserted:

‘Article 7b

First reporting following the taking effect of Decision (EU) 2021/1396 of the European Central Bank (ECB/2021/39)

National competent authorities shall submit the data reported to them pursuant to Implementing Regulation (EU) 2016/2070, Implementing Regulation (EU) 2021/451, and Implementing Regulation (EU) 2021/453 in accordance with Decision (EU) 2021/1396 of the European Central Bank (ECB/2021/39) ³ beginning with the first applicable remittance or reporting dates which occur after that Decision takes effect.

1 ( *4 ) CET takes account of the change to Central European Summer Time." ↩

2 ( *5 ) Available on the EBA website.’;" ↩

3 ( * ) Decision (EU) 2021/1396 of the European Central Bank of 13 August 2021 amending Decision ECB/2014/29 on the provision to the European Central Bank of supervisory data reported to the national competent authorities by the supervised entities pursuant to Commission Implementing Regulations (EU) No 680/2014 and (EU) 2016/2070 (ECB/2021/39) ( OJ L 300, 24.8.2021, p.74 ).’." ↩