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Establishment of off-balance-sheet reporting of credit institutions

Passed 09.11.2007 No. 16
RTL 2007, 88, 1479
Entry into force 01.01.2008

Amended by the following legal instruments (show)

This decree is established under § 91(1) of the Credit Institutions Act, § 30¹(3¹) of the Official Statistics Act, and Article 5 of the Statute of the European System of Central Banks and of the European Central Bank under Article 4 of Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (OJ L 318, 27.11.1998, p. 8–19).
[RT I, 18.06.2024, 1 - entry into force 21.06.2024]

Chapter 1 GENERAL PROVISIONS 

§ 1.  Scope of the Decree

 (1) This decree establishes the content and form of the reports listed in § 3 of this decree to be submitted to Finantsinspektsioon, Eesti Pank and the Financial Intelligence Unit (hereinafter reports), and the dates and procedure for submitting the reports to Finantsinspektsioon.
[RT I, 18.06.2024, 1 - entry into force 21.06.2024]

 (2) The reports required under the decree are also used to meet the requirements set in Regulation (EU) No 1011/2012 of the European Central Bank of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24).
[RT I, 18.06.2024, 1 - entry into force 21.06.2024]

§ 2.  Application of the Decree

  The reports shall be prepared and submitted by all credit institutions and all branches of credit institutions operating in Estonia (hereinafter credit institution).

Chapter 2 REPORTS, PRINCIPLES FOR PREPARING REPORTS, AND SUBMISSION OF REPORTS 

§ 3.  Reports

  Credit institutions shall prepare and submit the following reports:
 1) [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]
 2) [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]
 3) “Report on investment services”, code 246 (Appendix 3).
[RT I, 13.11.2012, 3 – entry into force 30.11.2012]

§ 4.  Reporting period and submission dates

 (1) The reporting period for the reports referred to in § 3 is one month.

 (2) The report referred to in § 3 3) is submitted by the tenth banking day after the end of the reporting period.
[RT I, 19.06.2018, 1 - entry into force 01.07.2018]

§ 5.  Submission of reports

 (1) The reports are submitted to Finantsinspektsioon and Eesti Pank electronically as documents in the XML (eXtensible Markup Language) format, as in Decree No. 4 of the Governor of Eesti Pank of 29 May 2018 “Requirements for the electronic submission of reports” (RT I, 05.06.2018, 1)
[RT I, 19.06.2018, 1 – entry into force 01.01.2019]

 (2) Should errors be discovered or the reporting principles changed, new, corrected reports shall be submitted to Finantsinspektsioon in electronic form.

 (3) In the absence of data on the reporting area, a blank report shall be submitted.

§ 6.  Use of classifications and international standards

 (1) The currency codes in the reports are indicated in capital letters and in accordance with the ISO 4217 currency code list.

 (2) The clients’ country codes are indicated in capital letters and in accordance with the ISO 3166 two-letter code list for countries and their subdivisions.

Chapter 3 DATA EXCHANGE PROTECTION 
[Repealed - RT I, 05.06.2012, 1 - entry into force 01.11.2012]

§ 7. – § 10. [Repealed – RT I, 05.06.2012, 1 – entry into force 01.11.2012]

Chapter 4 DEFINITIONS USED IN APPENDIXES 

§ 11.  Terms used

  The terms in this decree are used as defined in § 12–16.

§ 12.  Terms related to clients and instruments

 (1) The classification of clients follows the definitions set out in Chapter 2 of Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council on the European system of national and regional accounts in the European Union (OJ L 174, 26.6.2013).

 (2) The definition of instruments follows the definitions within the meaning of Decree No. 3 of the Governor of Eesti Pank of 30 March 2021 “Establishment of supplementary reports on a credit institution’s balance sheet”.
[RT I, 28.05.2021, 1 - entry into force 01.01.2022]

§ 13.  Terms related to guarantees and other similar irrevocable off-balance-sheet liabilities and claims

  [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]

§ 14.  Terms related to other irrevocable off-balance-sheet liabilities and claims

  [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]

§ 15.  Terms related to revocable off-balance-sheet liabilities and claims

  [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]

§ 16.  Terms related to derivatives

  [Repealed – RT I, 19.06.2018, 1 – entry into force 01.07.2018]

§ 16¹.  Terms related to the report on investment services

  [RT I, 05.06.2012, 1 – entry into force 01.11.2012]
Custodian is a credit institution or a financial institution that provides services for the safekeeping, registration and/or settlement of securities.

Chapter 5 IMPLEMENTING PROVISIONS 

§ 17.  Repeal of the Decree

  [Omitted from this text].

§ 18.  Entry into force of the Decree

  This decree enters into force on 1 January 2008.

Appendix 1 Report on the balance of guarantees, other irrevocable and revocable liabilities and claims
[Repealed - RT I, 19.06.2018, 1 - entry into force 01.07.2018]

Appendix 2 Report on derivative contracts
[Repealed - RT I, 19.06.2018, 1 - entry into force 01.07.2018]

Appendix 3 Report on investment services
[RT I, 28.05.2021, 1 - entry into force 01.09.2021]