Establishment Of Reports On Credit Institutions’ Reserve Requirement Calculation

Link to law: https://www.riigiteataja.ee/en/eli/ee/EPP/reg/502062015002/consolide
Published: 2014-12-01

Establishment of reports on credit institutions’ reserve requirement calculation

Passed 07.12.2010 Annex 22
RT I, 07.12.2010, 6
Entry into force 01.01.2011
Amended by the following legal instruments (show)

Passed
Published
Entry into force

06.11.2012
RT I, 13.11.2012, 3
30.11.2012

04.12.2012
RT I, 07.12.2012, 6
01.01.2013

14.11.2014
RT I, 19.11.2014, 1
01.12.2014

This decree is established on the basis of subsection 34 (1) of the Eesti Pank Act.

§ 1.  Scope of application

The Decree establishes requirements for credit institutions’ reserve requirement reporting.

§ 2.  Application of decree

The decree is applicable to all credit institutions operating in Estonia, to branches of foreign credit institutions operating in Estonia and to savings and loan associations (hereinafter credit institution). Branches of credit institutions established in Estonia which are located outside Estonia are not subject to reserve requirements.
[RT I, 07.12.2012, 6 – entry into force 01.01.2013]

§ 3.  Reserve requirement calculation base, reserve requirement ratios and reserve requirement calculation

The reserve requirement calculation base, reserve requirement ratios and the application thereof in calculating the reserve requirement are established by Regulation (EC) No. 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9).

§ 4.  Submission of reports

(1) A credit institution is obliged to prepare and submit to Eesti Pank reports in compliance with Appendix 1 “Format of the report on reserve requirement calculation” and Appendix 2 “Report on reserve requirement calculation”. The report code is 55.
(2) The report on reserve requirement calculation is submitted only in the first two months of each quarter. The report period is the calendar month. The report is submitted to Eesti Pank by the 17th banking day of the month following the reporting period.
[RT I, 19.11.2014, 1 – entry into force 01.12.2014]
(3) The report is submitted in euros and rounded up to integers.
(4) Upon compiling the report, the definitions of Eesti Pank Governor’s Decree No. 7 of 29 May 2014 “Establishment of supplementary reports on the credit institution’s balance sheet” apply.
[RT I, 19.11.2014, 1 – entry into force 01.12.2014]
(5) The reports shall be submitted to Eesti Pank electronically in the XML (eXtensible Markup Language) format as provided in the Eesti Pank Governor's Decree No. 9 of 9 December 2011 “Requirements for submission of reports formatted as XML documents”.
[RT I, 13.11.2012, 3 – entry into force 30.11.2012]
(6) If errors are identified in the reports, a new, rectified report will be submitted.
(7) In the absence of data on a report area an empty report will be submitted.

§ 5.  Organisation of data exchange

[Repealed – RT I, 13.11.2012, 3 – entry into force 30.11.2012]

§ 6.  Repeal of decree

[Omitted from this text.]

§ 7.  Entry into force

This decree enters into force on 1 January 2011.
Appendix 1 Format of the report on reserve requirement calculation
[RT I, 19.11.2014, 1 - entry into force 01.12.2014]
Appendix 2 Report on reserve requirement calculation
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