Recital (5) · Council Regulation (EU) 2026/415

(5)A homogenous reporting population is necessary for the production of the consolidated balance sheet of the monetary financial institutions (MFIs) sector of the participating Member States, which provides a comprehensive statistical picture of monetary developments in the Member States whose currency is the euro, seen as one economic territory. For this reason, the ECB has established and maintains a list of MFIs for statistical purposes based on a common definition, which specifies that MFIs include credit institutions as defined in Union law. It should therefore be clarified that even in the exceptional cases where a credit institution as defined under Union law is classified outside the ‘financial corporations (S.12)’ sector in the European system of national and regional accounts 2010, it would fall within the limits of the reference reporting population from which the members of the ESCB has the right to collect statistical information. The collection of that information is necessary for the application by the ECB of minimum reserve requirements to credit institutions for monetary policy purposes in accordance with Article 19 of the Statute of the European System of Central Banks and of the European Central Bank and Regulation (EU) 2021/378 of the European Central Bank^note. Where any other financial institutions or undertakings which are subject to prudential supervision are classified outside the ‘financial corporations’ sector, the right of the members of the ESCB to collect statistical information on them should not be impaired.

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Defined terms · 5

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core reference data
shall mean the following identification and classification attributes for legal persons, branches or institutional units, where applicable: name of the legal person, branch or institutional unit, status, registration or foundation date, address, legal form, registration and other identification numbers, Member State where the legal person, branch or institutional unit is registered or resident, activity or activities that are the objects of the legal person, branch or institutional unit, such as the NACE code or a national classification derived therefrom in accordance with the statistical classification of economic activities in the Union (NACE) set out in Regulation (EC) No 1893/2006 of the European Parliament and of the Council, and the ESA 2010 sector classification.
cross-border transactions
shall mean, respectively, positions and transactions in the assets and/or liabilities of residents of participating Member States seen as one economic territory vis-à-vis residents of non-participating Member States and/or residents of third countries;
electronic money
shall mean electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on the receipt of funds for the purpose of making payment transactions and which is accepted by other natural or legal persons than the issuer;’
other legitimate party
shall mean: the European Systemic Risk Board (ESRB), established by Regulation (EU) No 1092/2010 of the European Parliament and of the Council;
residing
shall mean having a centre of predominant economic interest on the economic territory of a country as described in Chapter 1, paragraphs 1.61 and 2.07, of Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council establishing the European system of national and regional accounts 2010 (hereinafter referred to as “ESA 2010”);