ECB/2020/23 · GlobalLawDB

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THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,Having regard to the Treaty on the Functioning of the European Union,Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 5.1 and 12.1 thereof,Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank^note, and in particular Article 5(1) thereof,Whereas:

(1)The statistical reporting obligations stipulated in the relevant Regulations of the European Central Bank (ECB) reflect the statistical data needs of the Eurosystem, however the current coronavirus disease 2019 (COVID-19) pandemic may pose a significant challenge for statistical reporting agents.

(2)Accordingly, there may be a need to allow for an extension of the deadlines for certain reporting of statistical information for a fixed period of time. The decision to do so should be taken swiftly and efficiently in order to be effective.

(3)To react promptly to the current pandemic situation, this Regulation should enter into force on the day following that of its publication in the Official Journal of the European Union,

HAS ADOPTED THIS REGULATION:

Regulation (EU) 2020/533 (ECB/2020/23)

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