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Decision (EU) 2016/244 of the European Central Bank of 18 December 2015 amending Decision ECB/2010/10 on non-compliance with statistical reporting requirements (ECB/2015/50)
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Decision ECB/2010/10 is amended as follows:
in Article 1, point 2 is replaced by the following:
in Article 1, the following definition is added:
in Article 1, the following definition is added:
in Article 1, the following definition is added:
in Article 2, paragraph 1 is replaced by the following:
‘1.The ECB and the NCBs shall monitor the compliance of reporting agents with the minimum standards required to meet their reporting obligations, as set out in Annex IV to Regulation (EU) No 1071/2013 (ECB/2013/33), Annex II to Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34)(5), Annex IV to Regulation (EU) No 1073/2013 (ECB/2013/38), Annex III to Regulation (EU) No 1074/2013 (ECB/2013/39), and Annex III to Regulation (EU) No 1075/2013 (ECB/2013/40). In the event of non-compliance, the ECB and the competent NCB may decide to conduct an assessment phase and/or initiate an infringement procedure as referred to in Article 3(1) and (2). Following an infringement procedure, the ECB may impose sanctions in line with Article 7 of Regulation (EC) No 2533/98.’.
This Decision shall enter into force on 1 July 2016. It shall apply from the reference period June 2016 for monthly and annual reporting requirements, and from the second quarter 2016 for quarterly reporting requirements.
Done at Frankfurt am Main, 18 December 2015.
The President of the ECB
Mario Draghi
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