(6)In order to improve the efficiency and quality of the procedure, it is appropriate to amend the procedure for reporting data on significant risk concentrations and significant intra-group transactions at the level of the financial conglomerate. As with other information reported on a regular basis in accordance with relevant Union law, data on significant risk concentrations and significant intra-group transactions should be submitted by significant supervised entities to the NCAs. NCAs should perform the initial data checks and make the information available to the ECB.