Featured Product

    BCL Circular on New Statistical Data Collection for Non-Regulated AIFs

    May 18, 2018

    BCL published the circular BCL 2018/241 for a new statistical data collection for non-regulated alternative investment funds (AIFs). The circular informs non-regulated AIFs of their reporting obligations under regulation (ECB/2013/38) on statistics on the assets and liabilities of investment funds as well as the ECB guideline (ECB/2014/15) on monetary and financial statistics.

    In the framework of the guideline ECB/2014/15, BCL provides ECB with the list of investment funds, including several referential characteristics. To complete this list with information on non-regulated AIFs, every fund must fill in a form and submit it to BCL. This transmission must include the latest balance sheet available. To minimize the workload for reporting agents, the BCL board has opted for a data collection similar to that existing for regulated investment funds and for setting up a threshold for the collection. To comply with the regulations, compartments of investment funds must submit their statistical reporting comprising the following reports:

    • S 1.6 "Information on valuation effects on the balance sheet of non-MMF investment funds"
    • Monthly security-by-security report of investment funds
    • S 2.13 "Quarterly statistical balance sheet for non-MMF investment funds"

    The implementation of the new collection is a two-step process. First step involves the transmission of the filled-in form about the identifying data available on the BCL website and of the latest available balance sheet before May 31, 2018. Second, for the funds that are not exempted by BCL, transmission of the quarterly report S 2.13, of the monthly security-by-security report for the September 2018 reference period must be submitted before October 26, 2018. If applicable, the monthly report S 1.6, for the October 2018 reference period, must be submitted before November 29, 2018.

     

    Related Link: Circular (PDF)

    Keywords: Europe, Luxembourg, Banking, Securities, AIF, ECB/2014/15, Reporting, ECB/2013/38, Statistics, Data Collection, BCL

    Featured Experts
    Related Articles
    News

    FSB Report Finds Steady Increase in Climate-Related Disclosures

    FSB published the annual report that examines to-date progress toward implementation of climate-related disclosure recommendations of the industry-led Task Force on Climate-related Financial Disclosures (TCFD).

    October 29, 2020 WebPage Regulatory News
    News

    PRA Consults on Proposals to Support Transposition of BRRD2

    PRA launched a consultation (CP18/20) setting out proposals for the "Contractual Recognition of Bail-in" and "Stay in Resolution" Rules.

    October 28, 2020 WebPage Regulatory News
    News

    APRA Consults on Reporting Standard for Credit Risk Management

    APRA is consulting on the reporting standard for credit risk management (ARS 220.0).

    October 28, 2020 WebPage Regulatory News
    News

    EC Proposes to Amend Liquidity Coverage Rules for Covered Bond Issuers

    EC published draft of a delegated regulation amending liquidity coverage rules for covered bond issuers.

    October 27, 2020 WebPage Regulatory News
    News

    ESMA Confirms Endorsement of UK Credit Ratings Post Brexit Transition

    ESMA published an update to its March 2019 statement on the endorsement of credit ratings from UK.

    October 27, 2020 WebPage Regulatory News
    News

    FASB Consults on XBRL US DQC Rules Taxonomy and Technical Guides

    FASB is consulting on the XBRL US Data Quality Committee (DQC) Rules Taxonomy (DQCRT) along with two technical guides.

    October 27, 2020 WebPage Regulatory News
    News

    PRA Updates Q&A on Branch Return Form

    PRA published Version 2 of the questions and answers (Q&A) on the Branch Return form.

    October 26, 2020 WebPage Regulatory News
    News

    Regulators Fine Goldman Sachs for Risk Management Failures

    FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).

    October 23, 2020 WebPage Regulatory News
    News

    ISDA Launches IBOR Fallbacks Supplement and Protocol

    ISDA launched the IBOR Fallbacks Supplement and the IBOR Fallbacks Protocol, with both becoming effective on January 25, 2021.

    October 23, 2020 WebPage Regulatory News
    News

    Canada Hosts International Conference of Banking Supervisors

    BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.

    October 22, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6022