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

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6484