(4)Decision ECB/2014/29 provides for the collection and quality review of data reported by supervised entities to national competent authorities in accordance with the relevant Union law. As a consequence, Decision ECB/2014/29 must provide for the collection and quality review of the data to be reported by supervised entities to the national competent authorities pursuant to Implementing Regulation (EU) 2016/2070, Implementing Regulation (EU) 2021/451 and Implementing Regulation (EU) 2021/453. Decision ECB/2014/29 must be therefore updated to reflect the adoption of Implementing Regulation (EU) 2021/451 and Implementing Regulation (EU) 2021/453 to ensure that the relevant data is submitted by the national compentent authorities to the ECB.