Regulation (EU) 2015/534 of the European Central Bank of 17 March 2015 on reporting of supervisory financial information (ECB/2015/13)
This Regulation lays down requirements concerning reporting of supervisory financial information to be submitted to National competent authorities (NCAs).
As an exception, supervised entities that have been given a waiver regarding the application of prudential requirements on an individual basis, shall not be required to report supervisory financial information in accordance with this regulation.
This Regulation shall not affect the accounting standards applied by supervised groups and entities in their consolidated accounts, nor change the accounting standards applied for supervisory reporting. A supervised entity or supervised group shall be classified as significant 18 months after a decision has been notified. This regulation also defines the format and frequency of reporting on a consolidated basis and reference dates and remittance dates for significant supervised group/ for entities which are part or not of a less significant supervised applying IFRS or national accounting frameworks. It also sets out the format and frequency of reporting on an individual basis for:
- entities which are not part of a significant group;
- entities which are part of a significant supervised group
and the reference dates and remittance for significant supervised entities/ for less significant supervised entities. The first reporting reference date are 31 December 2015 for significant supervised groups and significant supervised entities which are not part of a supervised group. For significant supervised entities which are part of a supervised group and subsidiaries of significant groups established in a non-participating Member State or a third country it shall be the 30 June 2016 and for less significant supervised groups and less significant supervised entities it shall be the 30 June 2017.
This Regulation entered into force on 1 April 2015.