1. PSPs shall report the share of instant credit transfer transactions that have been rejected due to targeted financial restrictive measures, as referred to in Article 15(3) of Regulation (EU) No 260/2012, including separate data for national and cross-border transactions, by submitting the information specified in template 4 set out in Annex I and in accordance with the instructions set out in Annex II.
2. The reports shall include the number of rejections for the calendar year preceding the year in which the report is submitted.
3. By way of derogation from paragraph 2, the first harmonised report shall contain the completed templates with the number of rejections for each year preceding the year in which the report is submitted, starting with the period of 26 October 2022 – 31 December 2022, for 2022.