(24)To support market monitoring by the supervisory authorities, information gathering and sharing through supervisory reporting should be improved. Duplicative reporting requirements that exist under Union and national law, in particular Regulations (EU) No 600/2014 13 and (EU) 2019/834 14 of the European Parliament and of the Council and Regulations (EU) No 1011/2012 15 and (EU) No 1073/2013 16 of the European Central Bank, could be eliminated to improve efficiency and reduce administrative burdens for AIFMs. The European Supervisory Authority (European Banking Authority) (EBA) established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council 17 , the European Supervisory Authority (European Insurance and Occupational Pensions Authority) established by Regulation (EU) No 1094/2010 of the European Parliament and of the Council 18 , ESMA (known collectively as ‘European Supervisory Authorities’ or ‘ESAs’) and the European Central Bank (ECB), with the support of competent authorities, where necessary, should assess the data needs of the different supervisory authorities so that the changes to the supervisory reporting template for AIFMs are effective.
Recital 24
- 16 Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds ( OJ L 297, 7.11.2013, p. 73 ). ↩
- 17 Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC ( OJ L 331, 15.12.2010, p. 12 ). ↩
- 18 Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC ( OJ L 331, 15.12.2010, p. 48 ). ↩
- 15 Regulation (EU) No 1011/2012 of the European Central Bank of 17 October 2012 concerning statistics on holdings of securities ( OJ L 305, 1.11.2012, p. 6 ). ↩
- 13 Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 ( OJ L 173, 12.6.2014, p. 84 ). ↩
- 14 Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories ( OJ L 141, 28.5.2019, p. 42 ). ↩