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The following minimum standards shall be fulfilled by the reporting agents to meet the statistical reporting requirements of the ECB.
Reporting to the NCBs shall be timely and within the deadlines set by the NCBs;
statistical reports shall take their form and format from the technical reporting requirements set by the NCBs;
the contact person(s) within the reporting agent shall be identified; and
the technical specifications for data transmission to NCBs shall be followed.
The statistical information shall be correct:
all linear constraints shall be fulfilled (e.g. balance sheets must balance, subtotals must add up to totals); and
data shall be consistent across all frequencies;
reporting agents shall be able to provide information on the developments implied by the data supplied;
the statistical information shall be complete; existing gaps should be acknowledged, explained to NCBs and, where applicable, bridged as soon as possible;
the statistical information shall not contain continuous and structural gaps;
reporting agents shall follow the dimensions and decimals set by the NCBs for the technical transmission of the data; and
reporting agents shall follow the rounding policy set by the NCBs for the technical transmission of the data.
The statistical information shall comply with the definitions and classifications contained in this Regulation;
in the event of deviations from these definitions and classifications, where applicable, reporting agents shall monitor on a regular basis and quantify the difference between the measure used and the measure contained in this Regulation; and
reporting agents shall be able to explain breaks in the data supplied compared with the previous periods' figures.
The revisions policy and procedures set by the ECB and the NCBs shall be followed. Revisions deviating from regular revisions shall be accompanied by explanatory notes.