BNR norm 6BNR 2015

  • The Regulation of the National Bank of Romania no. 6/2015 brings forward certain modifications of the provisions of the Regulation of the National Bank of Romania no. 4/2014 regarding the reporting of statistical information and data to the National Bank of Romania.
  • The obligations to report to the National Bank of Romania refers to the following issues:
    • Monetary balance sheet of monetary financial institutions;
    • The interest rates applied by monetary financial institutions;
    • Balance sheet assets and liabilities of non-bank financial institutions;
    • Assets and liabilities of investments funds, other than monetary market funds;
    • Payment balance of accounts and international investment position;
    • Capital operations in foreign currency that classify as long and medium term private external debt;
    • Territorial structure of credits and deposits of non-bank and non-governmental customers;
    • The issuing and holding of securities;
    • Assets and liabilities of companies that are purpose vehicles involved in securitisation transactions;
    • Assets and liabilities of insurance companies.
  • Customers who are residents of credit institutions have to fill in the form «Declaration of incoming international payments (DIE)» for any amount collected from non-residents, which has a value higher or equal to EUR 50 000 or equivalent upon the date when the amount is collected, within at most 10 calendar days from crediting their accounts.
  • Juristic and natural persons who are residents of our country and have concluded contracts with non-residents for capital operations in foreign currency that classify as long and medium term private foreign liability are bound to declare such operations by filing the Form no. 1 “Notification to the National Bank of Romania” and the Form no. 2 “Schedule of capital drafts and reimbursements as well as interest and commission payments” to the Statistics Department of the National Bank of Romania, within at most 30 days since the date when the contract has been concluded.
  • Please note that the duty of declaring such operations is also incumbent to juristic and natural persons who have concluded contracts with non-residents for capital operations in foreign currency that classify as long and medium term private foreign liability, for a term of at most one year, if such persons extended by more than one year the validity of the contract.
  • Credit institutions conducting consignment businesses and activities of administration for financial instruments shall report directly to the Statistics department of the National Bank of Romania, on behalf of their customers, excepting resident customers who are monetary market funds, investment funds, credit institutions, financial investment service companies, companies that are purpose vehicles, insurance companies and pension funds that are privately managed as well as voluntary pension insurance funds and statistical data regarding the following:
  1. Report on ownership of securities that are identifiable by an ISIN code, at the end of the month of reference;
  2. Report on ownership of securities that are identifiable by a reference code of the security (ISIN code not available), at the end of the month of reference.
  • Insurance companies report to the Statistics Department of the National Bank of Romania the following types of statistical data:
  1. Report on ownership of securities that are identifiable by an ISIN code, at the end of the month of reference;
  2. Report on the dividends or coupons that have been collected from the beginning of the calendar year until the end of the month of reference;
  3. Report on the issuance of shares / fund units that are identifiable by an ISIN code, which are listed on foreign exchange markets at the end of the reference month;
  4. Report on the issuing of instruments that classify as liabilities on foreign capital markets at the end of the month of reference;
  5. Report on ownership of securities that are identifiable by the reference code of the security (ISIN code not available) at the end of the month of reference.

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