REGULATION (EU) No 1011/2012 OF THE EUROPEAN CENTRAL BANK
of 17 October 2012
concerning statistics on holdings of securities
(ECB/2012/24)
Article 1
Definitions
Article 2
Actual reporting population
Article 3
Statistical reporting requirements
Article 4
Derogations
Article 5
Accounting rules
Article 6
Timeliness
Article 7
Minimum standards and national reporting arrangements
Article 8
Verification and compulsory collection
Article 9
Simplified amendment procedure
Article 10
First reporting
Article 11
Final provision
ANNEX I
STATISTICAL REPORTING REQUIREMENTS
PART 1
Financial transactions
PART 2
Data on own holdings of securities with an ISIN code by MFIs, IFs, FVCs and custodians
Field |
Description |
1 |
ISIN code |
2 |
Number of units or aggregated nominal value |
2b |
Quotation basis |
3 |
Market value |
4 |
Portfolio investment or direct investment |
5 |
Financial transactions |
6 |
Other changes in volume at nominal value |
7 |
Other changes in volume at market value |
PART 3
Data on securities with an ISIN code held in custody on behalf of resident non-financial investors and other financial investors not required to report their own holdings of securities
Field |
Description |
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1 |
ISIN code |
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2 |
Number of units or aggregated nominal value |
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2b |
Quotation basis |
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3 |
Sector of the holder:
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4 |
Market value |
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5 |
Portfolio investment or direct investment |
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6 |
Financial transactions |
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7 |
Other changes in volume at nominal value |
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8 |
Other changes in volume at market value |
PART 4
Data on securities with an ISIN code held in custody on behalf of investors resident in other euro area Member States
Field |
Description |
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1 |
ISIN code |
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2 |
Number of units or aggregated nominal value |
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2b |
Quotation basis |
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3 |
Sector of the holder:
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4 |
Country of the holder |
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5 |
Market value |
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6 |
Portfolio investment or direct investment |
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7 |
Other changes in volume at nominal value |
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8 |
Other changes in volume at market value |
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9 |
Financial transactions |
PART 5
Data on securities with an ISIN code issued by euro area residents held in custody on behalf of investors resident in non-euro area Member States or outside the Union
Field |
Description |
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1 |
ISIN code |
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2 |
Number of units or aggregated nominal value |
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2b |
Quotation basis |
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3 |
Sector of the holder(3):
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4 |
Country of the holder |
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5 |
Market value |
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6 |
Portfolio investment or direct investment |
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7 |
Other changes in volume at nominal value |
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8 |
Other changes in volume at market value |
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9 |
Financial transactions |
PART 6
Data on holdings of securities with an ISIN code by reporting groups
Field |
Description |
Alternative reporting options |
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1 |
ISIN code |
(i) Group level |
(ii) Resident entities and non-resident entities separately identified |
(iii) By entity |
2 |
Number of units or aggregated nominal value |
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2b |
Quotation basis |
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3 |
Market value |
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4 |
Resident entities/non-resident entities |
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5 |
Entity of the group |
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PART 7
Data on holdings of securities without an ISIN code
Field |
Description |
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1 |
Security identifier code (NCB identification number, CUSIP, SEDOL, other) |
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2 |
Number of units or aggregated nominal value(4) |
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3 |
Quotation basis |
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4 |
Price value |
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5 |
Market value |
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6 |
Instrument:
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7 |
Sector or sub-sector of investors reporting data on own holdings of securities:
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8 |
Sector or sub-sector of the investors reported by custodians:
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9 |
Sector or sub-sector of the issuer:
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10 |
Portfolio investment or direct investment |
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11 |
Country breakdown of investor |
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12 |
Country breakdown of issuer |
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13 |
Security currency of denomination |
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14 |
Financial transactions |
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15 |
Revaluation adjustments |
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16 |
Other changes in volume |
ANNEX II
DEFINITIONS
PART 1
Definitions of instrument categories
Category |
Description of main features |
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Debt securities are negotiable financial instruments serving as evidence of debt. Debt securities display the following characteristics:
The credit rating of debt securities, which indicates the credit worthiness of individual debt securities issues, is assigned by recognised agencies on the basis of rating categories. With regard to point (c), the maturity date may coincide with the conversion of a debt security into a share. In this context, convertibility means that the holder may exchange a debt security for the issuer’s common equity. Exchangeability means that the holder may exchange the debt security for shares of a corporation other than the issuer. Perpetual securities, which have no stated maturity date, are classified as debt securities. |
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Debt securities whose original maturity is one year or less, and debt securities repayable on demand of the creditor. |
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Debt securities whose original maturity is more than one year, or of no stated maturity. |
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Equity is a financial asset that is a claim on the residual value of a corporation, after all other claims have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, depository receipts, participations, or similar documents. Shares and stocks have the same meaning. Equity is sub-categorised into the following: listed shares (F.511); unlisted shares (F.152); and other equity (F.519). |
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Listed shares are equity securities listed on an exchange. Such an exchange may be a recognised stock exchange or any other form of secondary market. Listed shares are also referred to as quoted shares. The existence of quoted prices of shares listed on an exchange means that current market prices are usually readily available. |
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Investment fund shares are shares of an investment fund if the fund has a corporate structure. They are known as units if the fund is a trust. Investment funds are collective investment undertakings through which investors pool funds for investment in financial and/or non-financial assets. Investment fund shares are subdivided into: money market fund (MMF) shares or units (F.521); and other investment fund shares or units other than MMF shares or units (F.529). |
PART 2
Definitions of sectors
Sector |
Definition |
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The sector non-financial corporations (S.11) consists of institutional units which are independent legal entities and market producers, and whose principal activity is the production of goods and non-financial services. This sector also includes non-financial quasi-corporations. |
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The sub-sector the central bank (S.121) consists of all financial corporations and quasi-corporations whose principal function is to issue currency, to maintain the internal and external value of the currency and to hold all or part of the international reserves of the country. |
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The sub-sector deposit-taking corporations except the central bank (S.122) includes all financial corporations and quasi-corporations, except those classified in the central bank and in the MMF sub-sectors, which are principally engaged in financial intermediation and whose business is to receive deposits from institutional units and, for their own account, to grant loans and/or to make investments in securities. |
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The sub-sector MMFs (S.123) as collective investment schemes consists of all financial corporations and quasi-corporations, except those classified in the central bank and in the credit institutions sub-sectors, which are principally engaged in financial intermediation. Their business is to receive investment fund shares or units as close substitutes for deposits from institutional units and, for their own account, to make investments primarily in MMF shares/units, short-term debt securities, and/or deposits. |
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The sub-sector non-MMF investment funds (S.124) consists of all collective investment schemes, except those classified in the MMF sub-sector, which are principally engaged in financial intermediation. Their business is to receive, from institutional units, investment fund shares or units which are not close substitutes for deposits and, on their own account, to make investments primarily in financial assets other than short-term financial assets and in non-financial assets (usually real estate). Non-MMF investment funds cover investment trusts, unit trusts and other collective investment schemes whose investment fund shares or units are not seen as close substitutes for deposits. |
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The sub-sector other financial intermediaries, except insurance corporations and pension funds (S.125) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation by incurring liabilities in forms other than currency, deposits, or investment fund shares, or in relation to insurance, pension and standardised guarantee schemes from institutional units. |
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FVCs are undertakings carrying out securitisation transactions. FVCs that satisfy the criteria of an institutional unit are classified in S.125, otherwise they are treated as an integral part of the parent. |
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The sub-sector financial auxiliaries (S.126) consists of all financial corporations and quasi-corporations which are principally engaged in activities closely related to financial intermediation but which are not financial intermediaries themselves. |
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The sub-sector captive financial institutions and money lenders (S.127) consists of all financial corporations and quasi-corporations which are neither engaged in financial intermediation nor in providing financial auxiliary services, and where most of either their assets or their liabilities are not transacted on open markets. |
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The sub-sector insurance corporations (S.128) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as the consequence of the pooling of risks mainly in the form of direct insurance or reinsurance. |
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The sub-sector pension funds (S.129) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation as the consequence of the pooling of social risks and needs of the insured persons (social insurance). Pension funds as social insurance schemes provide income in retirement, and often benefits for death and disability. |
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The sector general government (S.13) consists of institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth. The general government sector is divided into four sub-sectors: central government (S.1311); state government (S.1312); local government (S.1313); and social security funds (S.1314). |
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The sector households (S.14) consists of individuals or groups of individuals as consumers and as entrepreneurs producing market goods and non-financial and financial services (market producers) provided that the production of goods and services is not by separate entities treated as quasi-corporations. It also includes individuals or groups of individuals as producers of goods and non-financial services for exclusively own final use. |
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The sector non-profit institutions serving households (S.15) consists of non-profit institutions which are separate legal entities, which serve households and are private non-market producers. Their principal resources are voluntary contributions in cash or in kind from households in their capacity as consumers, from payments made by general governments and from property income. |
PART 3
Definition of financial transactions
PART 4
Definitions of security-by-security attributes
Field |
Description |
Security identification number |
A code that uniquely identifies a security. It is the ISIN code if this has been assigned to the security, or another security identification number. |
Positions at nominal value (in nominal currency or euro or positions in number of shares or units) |
Number of units of a security, or aggregated nominal amount if the security is traded in amounts rather than in units, excluding the accrued interest. |
Positions at market value |
Amount held of a security at the price quoted in the market in euro. NCBs must in principle require accrued interest to be reported either under this position or separately. However, NCBs may at their discretion require data excluding accrued interest. |
Other changes in volume (nominal value) |
Other changes in the volume of the security held, at nominal value in nominal currency/unit or euro. |
Other changes in volume (market value) |
Other changes in the volume of the security held, at market value in euro. |
Financial transactions |
The sum of purchases minus sales of a security, recorded at transaction value in euro. |
Portfolio investment or direct investment |
The function of the investment according to the classification of balance of payments statistics(2). |
Price value |
Price of the security at the end of the reference period. |
Quotation basis |
Indicates whether the security is quoted in percentage or in units. |
Revaluation adjustments |
Price and exchange rate revaluations, as referred to in Part 3. |
Security currency of denomination |
The International Standards Organisation code, or equivalent, of the currency used to express the price and/or the amount of the security. |