(3)PSPs should comply with their reporting obligation as laid down in Article 15(3) of Regulation (EU) No 260/2012 at entity level. To align with the approach of reporting of payment statistics to the ECB, branches of PSPs located in Member States other than Member States of their parent entities should submit their data to the competent authority of the host Member State, and parent entities should report for themselves to the competent authority of their home Member State.