Reporting from 1 January 2022
On 1 December 2020, the Governing Council of the ECB published Regulation (EU) 2020/2011 (or ECB/2020/59) amending Regulation (EU) No 1409/2013 (ECB/2013/43). This regulation will be applicable from 1 January 2022. Statistical data will no longer be collected on an annual basis, but rather be submitted on a quarterly and half-yearly basis by all payment services providers, including issuers of electronic money and payment systems operators. The new rules apply to all transactions in which at least one counterparty is not a monetary and/or financial institution.
The National Bank of Belgium sets the date by which reporting agents need to provide it with basic information as well as the declaration arrangements. Furthermore, Annex IV of the regulation enacts the minimum standards to be applied for transmission, accuracy, compliance with concepts and any revisions. This includes being able to provide explanations on important variations relative to previous periods.
The new regulation also comprises data from other reporting, such as PSD2 fraud reports. As a result, from the first half of 2022 PSD2 fraud data will not be reported separately but will be included in the payment statistics.
Methodology, technical documents and support
ECB Regulation dated 1 December 2020 (Regulation (EU) 2020/2011 or ECB/2020/59)
At the national level, data will be collected by way of OneGate, with reporting schedules for the PST-3 and PST-3_DER reports and the protocol to generate XML files available under “Documentation” on the OneGate website. Data may be reported as CSV or XML files.
Quarterly data must be reported by the last working day of the month after the quarter being reported on. Half-yearly data must be reported by the last working day of the third month after the six months being reported on.
Instruction videos and frequently asked questions (FAQs)
Under Article 4 of the new regulation (Regulation (EU) 2020/2011 or ECB/2020/59), the National Bank of Belgium may grant derogations to reporting agents. If a reporting agent is granted a derogation by the National Bank of Belgium, this does not mean they are fully exempt from reporting, but merely that they have been granted a partial derogation. This means that the statistical data in the regulation’s tables 4b and 5b must be reported; these are simplified versions of tables 4a and 5a (the breakdown by payment scheme is not required). These partial derogations apply for a period of twelve months and are recalculated in June of each year, based on the overall data of the previous year. Table 1 of the regulation is not a reporting requirement for those granted derogation, but does contain the data required for such a derogation to be granted under Article 4 (3). To see its derogation renewed, then, a reporting agent will need to report Table 1 as well.
Institutions that are granted derogations must complete the report PST-3_DER in OneGate, a simplified reporting scheme as it does not include a breakdown by payment scheme.
Institutions that have been recently licensed by the National Bank of Belgium and that have yet to report their first payment statistics are eligible for partial derogation. The derogation application form must be sent to firstname.lastname@example.org by the tenth day of the month after the reporting period. The National Bank of Belgium will have three weeks upon receipt of the application form to communicate its decision.
Institutions that obtained a derogation for 2022 were included in this list.