6.12.2002 Official Journal of the European Communities L 330/29 REGULATION (EC) No 21 74/2002 OF THE EUROPEAN CENTRAL BANK of 21 November 2002 amending Regulation ECB/2001/13 concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2002/8) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical infor- mation by the European Central Bank (!), and in particular to Article 5(1) and Article 6(4) thereof, Whereas: ) ) 0 Regulation (EC) No 2423/2001 (ECB/2001/13) of 22 November 2001 concerning the consolidated balance sheet of the monetary financial institutions sector (3, as corrected by Regulation (EC) No 993/2002 (ECB/2002/ 4) (), requires statistical data on the monetary financial institutions' (MFIs') balance sheets to be reported according to the residency of the counterparty, to allow the compilation of monetary aggregates and other measures of liquidity and credit that may exclude assets and liabilities of MFIs held by non-residents of the parti- cipating Member States. Regulation (EC) No 2423/2001 (ECB/2001/13) requires data in respect of the liability item ‘money market fund shares/units’ (MMF shares/units) to be reported only as a total amount instead of according to the residency of the counterparty. However, to compile monetary aggregates, the European Central Bank needs data on the residency breakdown of holders of MMF shares/units. It is therefore necessary to establish a procedure according to which the reporting agents provide the national central banks with the rele- vant statistical information. It is not necessary to collect data on price revaluations of MMF shares/units because, for money and banking statistical purposes, changes in the value of these instruments are considered as interest reinvested in the same instrument. For the purpose of obtaining complete information on the MFIs' balance sheets, it is necessary to impose certain reporting requirements on other financial intermediaries except insurance corporations and pension funds (here- inafter referred to as ‘OFIs’) (S. 123), when acting in the context of financial activities involving MMF shares| units. In order to establish statistical reporting require- L 318, 27.11.1998, p. 8. L 333,17.12.2001, p. 1. L 151, 11.6.2002, p. 11. ments in respect of these entities for the purposes of this Regulation a list of reporting OFIs may need to be drawn up, HAS ADOPTED THIS REGULATION: Atrticle 1 Regulation (EC) No 2423/2001 (ECB/2001/13) is amended as follows: 1. Article 2 is amended as follows: The following paragraph 3 is added: ‘3. For the purposes of Annex I(1)(Ill)(vi), the actual reporting population shall also consist of other financial intermediaries except insurance corporations and pension funds (hereinafter referred to as “OFIs”), as set out in Article 2(2)(a) of Regulation (EC) No 2533/98. NCBs may grant derogations to those entities provided that the required statistical information is collected from other available sources in accordance with Annex I(1)(Il)(vi). NCBs shall check the fulfilment of this condition in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of each year in agreement with the ECB. For the purposes of this Regulation, NCBs may estab- lish and maintain a list of reporting OFIs in accordance with the principles set out in Annex I(1)(II)(vi). 2. Annex I(1), Introduction is amended as follows: (@) The following paragraph is inserted before the final paragraph: ‘For the purpose of obtaining complete information on the MFIs' balance sheets, it is necessary to impose certain reporting requirements on other financial inter- mediaries except insurance corporations and pension funds (hereinafter referred to as “OFIs”), when acting in the context of financial activities involving MMF shares| units.’ (b) The final paragraph is replaced by the following: ‘This statistical information is collected by the national central banks (NCBs) from the MFIs and from OFIs, within the limits set out in Section I(6), according to national arrangements relying on the harmonised defini- tions and classifications set out in this Annex.’