On Jul. 23, 2024, ECB issued Reg 2024/1988 of Jun. 27, 2024 concerning statistics on investment funds and repealing Dec 2015/32 (ECB/2014/62) (ECB/2024/17) (recast).
Regulation in force on 20th day after publication in the Official Journal; applies from Dec. 1, 2025, with exception of Art. 10, applicable from entry into force of regulation.
On Jul. 12, ECB issued amended rules on investment fund statistics.
ECB published a legal act ECB/2024/17 of Jun. 27, 2024 concerning statistics on investment funds and repealing decision (EU) 2015/32 (ECB/2014/62) (recast).
Follows ECB Dec. 2023 consult on recast investment fund statistics reg, see #195463.
Also Jun, 2024 approved feedback statement on draft recast regulation summarizing responses received and changes made, as published on ECB’s website, see #220139.
Overview
Reg 1073/2013 on statistics on assets and liabilities of investment funds (IFs) needs to be substantially amended, in particular in light of need to collect additional and more frequent statistical information on IFs, it should be recast in the interest of clarity.
Collection of such statistical information on the financial activities of IFs is necessary to satisfy regular and ad hoc analytical needs, support ECB monetary/financial analysis.
This information also used by European System of Central Banks (ESCB) to compile other statistics, in particular euro area financial accounts, balance of payments etc.
ECB considers that new and more frequent statistical information on monthly income and annual fees paid by shareholders to the IF and dividends paid by the IF, and information on classification of the IF are needed to enhance quality of data available.
Regulation lays down requirements primarily with regard to IFs, but also makes arrangements to allow national central banks (NCBs) to also collect information.
An annex to the regulation sets out the data to be provided on a monthly basis.
To ensure continuity, ECB considers the requirements in force before date of application of new regulation should be grandfathered for the entire transition period.
Effectiveness
To ensure continuity in reporting of statistical information re IFs, allow implementation to start from Dec. 1, 2025, the regulation should enter into force without delay.
Jul. 2024 Official Journal
On Jul. 23, 2024, ECB issued Reg 2024/1988 of Jun. 27, 2024 concerning statistics on investment funds and repealing Dec 2015/32 (ECB/2014/62) (ECB/2024/17) (recast).
Regulation in force on 20th day after publication in the Official Journal; applies from Dec. 1, 2025, with exception of Art. 10, applicable from entry into force of regulation.
