Text size:

• Small
• Medium
• Large

Establishment of balance of payments reports of credit institutions

Passed 01.10.2007 No. 14
RTL 2007, 77, 1338
Entry into force 01.01.2008

Amended by the following legal instruments (show)

This decree is established on the basis of subsection 91(3) of the Credit Institutions Act and subsection 30¹ (3¹) of the Official Statistics Act.
[RT I, 22.01.2021, 3 – entry into force 25.01.2021]

Chapter 1 GENERAL PROVISIONS 

§ 1.  Scope of the Decree

  This decree establishes the requirements for the content and structure of the reports listed in section 3 of this decree to be submitted to Eesti Pank and the Financial Intelligence Unit (hereinafter reports), and the dates and procedure for submitting the reports to Eesti Pank.
[RT I, 22.01.2021, 3 – entry into force 25.01.2021]

§ 2.  Application of the Decree

  All credit institutions and branches of credit institutions operating in Estonia (hereinafter credit institutions) are required to prepare and submit the reports established under this decree. The reports are submitted about the operations of the credit institution’s entity located in Estonia (head office).
[RT I, 19.06.2018, 1 – entry into force 01.01.2019]

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

§ 3.  Reports

  Credit institutions shall prepare and submit the following reports:
 1) “Report on non-transactional financial flows”, code 226 (Appendix 1);
 2) “Report on services sold to and bought from non-residents”, code 221 (Appendix 2).

§ 4.  Reporting period and submission dates

 (1) The reporting period for the report listed under clause 3 1) is one month. The reporting period for the report listed under clause 3 2) is one quarter (three months).

 (2) The report listed under clause 3 1) shall be submitted by the 12th (twelfth) banking day after the end of the reporting period. The report listed under clause 3 2) shall be submitted by the 10th (tenth) banking day after the end of the reporting period.

§ 5.  Submission of reports

 (1) The reports shall be submitted to Eesti Pank electronically 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, rectified reports shall be submitted to Eesti Pank 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, 13.11.2012, 3 - entry into force 30.11.2012]

§ 7. – § 10. [Repealed – RT I, 13.11.2012, 3 – entry into force 30.11.2012]

Chapter 4 IMPLEMENTING PROVISIONS 

§ 11.  Repeal of the Decree

  [Omitted from this text].

§ 12.  Entry into force of the Decree

  This decree enters into force on 1 January 2008.

Appendix 1 Report on non-transactional financial flows
[RT I, 12.06.2014, 3 - entry into force 01.12.2014]

Appendix 2 Report on services sold to and bought from non-residents