Circular 7/2014 of the National Securities Market Commission modifying Circular 6/2013 on accounting standards and statistical information reports for Bank Asset Funds

OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92348

I. GENERAL PROVISIONS
NATIONAL SECURITIES MARKET COMMISSION

11566 Circular 7/2014, of October 27, of the National Securities Market Commission, which modifies Circular 6/2013, of September 25, on accounting standards, annual accounts, public financial statements and reserved statistical information reports of Bank Asset Funds.

Circular 6/2013, of September 25, of the National Securities Market Commission, on accounting standards, annual accounts, public financial statements and reserved statistical information reports of Bank Asset Funds, establishes in its Rule 18th the obligation for bank asset funds to present to the National Securities Market Commission (hereinafter, CNMV) reserved statistical information reports, of a quarterly nature, in the formats included in Annex II of said Circular. These reserved statistical reports had the purpose of complying with what is established in European Regulation (EC) No. 24/2009 of the European Central Bank, of December 19, 2008, on statistics on assets and liabilities of special purpose vehicles dedicated to securitization operations.

European Regulation (EC) No. 24/2009 of the European Central Bank has been repealed and replaced by European Regulation (EU) No. 1075/2013 of the European Central Bank, of October 18, 2013, on statistics on assets and liabilities of special purpose vehicles dedicated to securitization, in order to adapt to the new European System of National and Regional Accounts of the European Union (ESA 2010) which was established in Regulation (EU) No. 549/2013 of the European Parliament and of the Council, of May 21, 2013. European Regulation (EU) No. 1075/2013 of the European Central Bank contains modifications in the information that must be submitted to contribute to ECB statistics on special purpose vehicles dedicated to securitization, which includes bank asset funds (BAF).

In this sense, it is necessary to modify Circular 6/2013, of September 25, of the National Securities Market Commission, with the aim of adapting it to the new informational needs of the ECB, which requires adapting models T01, T02, T03 and T04, regulated therein.

The modification of the Circular proposed is made under the auspices of Article 41 of Royal Decree 1559/2012, of November 15, which establishes the legal regime of asset management companies. In said provision, the CNMV is authorized to request from BAFs the information it deems necessary for the exercise of its competencies.

For all the above, and by virtue thereof, the Council of the National Securities Market Commission, after a report from the Advisory Committee, in its meeting of October 27, 2014, has ordered:

Sole Rule. Modification of Circular 6/2013 of September 25, of the National Securities Market Commission, on accounting standards, annual accounts, public financial statements and reserved statistical information reports of Bank Asset Funds.

The reserved statement models included in Annex II are replaced by the models included in the Annex of this Circular.

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OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92349

Final Provision. Entry into force.

One. This Circular shall enter into force the day following its publication in the "Boletín Oficial del Estado".

Two. The first information that must be presented adjusted to these models shall be that corresponding to the operations of the last quarter of 2014 and to the balances as of December 31, 2014, with a maximum submission date of January 22, 2015.

Madrid, October 27, 2014.–The President of the National Securities Market Commission, María Elvira Rodríguez Herrer.

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OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92350 Bank Asset Fund: P State T 01 A C T I V E TOTAL TOTAL IFM REST TOTAL IFM REST TOTAL AAPP TOTAL AAPP TOTAL OF WHICH IF OF WHICH IF 1. Cash and deposits 00010: 02010: 07010: 12010: 17010: up to 1 year 00013: 02013: 07013: 12013: 17013: 22013: 23013: more than 1 year 00016: 02016: 07016: 12016: 17016: 22016: 23016: 2. Secured loans 00020: 02020: 04020: 05020: 06020: 08020: 09020: 10020: 12020: 14020: 15020: 16020: 18020: 19020: 20020: 21020: 2a Originator: IFM of the euro area (all maturities) 00030: 02030: 04030: 05030: 06030: 08030: 10030: 12030: 14030: 15030: 16030: 18030: 20030: 21030: up to one year 09040: 19040: from 1 to 5 years 09050: 19050: more than 5 years 09060: 19060: 2b Originator: Public Administrations of the euro area 00070: 2c Originator: OIF, non-monetary funds and SFP of the euro area 00080: 2d Originator: Non-financial companies of the euro area 00090: 2e Originator: Outside the euro area 00100: 3. Singular bonds and other singular securities issued 00110: by IFM up to one year 00120: 02120: 12120: from 1 to 2 years 00130: 02130: 12130: more than 2 years 00140: 02140: 12140: 4. Debt securities at amortized cost 00150: up to one year 00160: 02160: 03160: 07160: 12160: 13160: 17160: 21160: from 1 to 2 years 00170: 02170: 03170: 07170: 12170: 13170: 17170: 21170: more than 2 years 00180: 02180: 03180: 07180: 12180: 13180: 17180: 21180: 5. Other secured assets 00190: 5a Originator: Public Administrations of the euro area 00200: 5b Originator: Non-financial companies of the euro area 00210: 5c Others 00220: 6. Debt securities at fair value 00230: up to one year 00240: 02240: 03240: 07240: 12240: 13240: 17240: 21240: from 1 to 2 years 00250: 02250: 03250: 07250: 12250: 13250: 17250: 21250: more than 2 years 00260: 02260: 03260: 07260: 12260: 13260: 17260: 21260: 7. Equity participations and investment fund shares 00270: 07270: 17270: 8. Financial derivatives 00280: 9. Fixed assets 00285 10. Other assets 00290: TOTAL ASSETS 00300: () Bank Asset Funds will only fill in the shaded boxes. TOTAL NON-MMF SFP STATISTICAL INFORMATION RELATIVE TO THE ASSETS OF THE BANK ASSET FUND: BALANCE () Residents in Spain Residents in other Member States Year month Residents in the Rest of the World ANNEX Models of reserved statistical information reports NON BANKS BANKS SNF HOUSEHOLDS AND NPISH TOTAL SFP SNF HOUSEHOLDS AND NPISH OTHER RESIDENTS OIF () OIF () NON-MMF FI OTHER RESIDENTS IN OTHER MEMBER STATES cve: BOE-A-2014-11566

OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92351 Bank Asset Fund: P State T 01 L I A B I L I T Y TOTAL TOTAL IFM REST TOTAL IFM REST TOTAL AAPP TOTAL AAPP TOTAL OF WHICH IF OF WHICH IF BANKS NON BANKS 11. Loans and deposits received 00310: 07310: 17310: 11a of which accrued interest on received loans 00313: 07313: 17313: up to 1 year 00316: 07316: 17316: more than 1 year 00318: 07318: 17318: 12. Debt securities 00320: 12a of which accrued interest on issued debt securities 00325: up to one year 00330: from 1 to 2 years 00340: more than 2 years 00350: 13. Capital and reserves 00355: 14. Financial Derivatives 00360: 15. Other Liabilities 00370: TOTAL LIABILITIES 00380: IFM: Monetary Financial Institutions MMF: Money Market Funds AAPP: Public Administrations FI: Investment Funds OIF: Other Non-Monetary Financial Institutions SFP: Insurance and Pension Funds SNF: Non-Financial Companies HOG: Households and NPISH SI: Special Purpose Entities (Securitization Funds, Bank Asset Funds and SAREB) () Bank Asset Funds will only fill in the shaded boxes. () Includes all financial institutions that are not monetary, except Investment Funds and Insurance and Pension Funds. That is, Other financial intermediaries, Financial auxiliaries and Limited activity financial institutions and money lenders are included. Year month OIF () OIF () Residents in Spain Residents in other Member States FI NON-MMF SFP SNF HOG AND NPISH FI NON-MMF SFP SNF HOG AND NPISH Residents in the Rest of the World STATISTICAL INFORMATION RELATIVE TO THE LIABILITIES OF THE BANK ASSET FUND: BALANCE () cve: BOE-A-2014-11566

OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92352 Bank Asset Fund: P State T 02 A C T I V E TOTAL TOTAL IFM REST TOTAL IFM REST TOTAL AAPP TOTAL AAPP TOTAL OF WHICH IF OF WHICH IF 1. Cash and deposits 00010: 02010: 07010: 12010: 17010: up to 1 year 00013: 02013: 07013: 12013: 17013: 22013: 23013: more than 1 year 00016: 02016: 07016: 12016: 17016: 22016: 23016: 2. Secured loans 00020: 02020: 04020: 05020: 06020: 08020: 09020: 10020: 12020: 14020: 15020: 16020: 18020: 19020: 20020: 21020: 2a Originator: IFM of the euro area (all maturities) 00030: 02030: 04030: 05030: 06030: 08030: 10030: 12030: 14030: 15030: 16030: 18030: 20030: 21030: up to one year 09040: 19040: from 1 to 5 years 09050: 19050: more than 5 years 09060: 19060: 2b Originator: Public Administrations of the euro area 00070: 2c Originator: OIF, non-monetary funds and SFP of the euro area 00080: 2d Originator: Non-financial companies of the euro area 00090: 2e Originator: Outside the euro area 00100: 3. Singular bonds and other singular securities issued 00110: by IFM up to one year 00120: 02120: 12120: from 1 to 2 years 00130: 02130: 12130: more than 2 years 00140: 02140: 12140: 4. Debt securities at amortized cost 00150: up to one year 00160: 02160: 03160: 07160: 12160: 13160: 17160: 21160: from 1 to 2 years 00170: 02170: 03170: 07170: 12170: 13170: 17170: 21170: more than 2 years 00180: 02180: 03180: 07180: 12180: 13180: 17180: 21180: 5. Other secured assets 00190: 5a Originator: Public Administrations of the euro area 00200: 5b Originator: Non-financial companies of the euro area 00210: 5c Others 00220: 6. Debt securities at fair value 00230: up to one year 00240: 02240: 03240: 07240: 12240: 13240: 17240: 21240: from 1 to 2 years 00250: 02250: 03250: 07250: 12250: 13250: 17250: 21250: more than 2 years 00260: 02260: 03260: 07260: 12260: 13260: 17260: 21260: 7. Equity participations and investment fund shares 00270: 07270: 17270: 8. Financial derivatives 00280: 9. Fixed assets 00285 10. Other assets 00290: TOTAL ASSETS 00300: () Bank Asset Funds will only fill in the shaded boxes. NON BANKS BANKS OTHER RESIDENTS OTHER RESIDENTS IN OTHER MEMBER STATES TOTAL NON-MMF FI SFP SNF HOUSEHOLDS AND NPISH TOTAL NON-MMF FI SFP SNF HOUSEHOLDS AND NPISH OIF () OIF () STATISTICAL INFORMATION RELATIVE TO THE ASSETS OF THE BANK ASSET FUND: OPERATIONS (*), WRITE-OFFS AND RECOVERIES () Year month Residents in Spain Residents in other Member States Residents in the Rest of the World i cve: BOE-A-2014-11566

OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92353 P State T 02 L I A B I L I T Y TOTAL TOTAL IFM REST TOTAL IFM REST TOTAL AAPP TOTAL AAPP TOTAL OF WHICH IF OF WHICH IF BANKS NON BANKS 11. Loans and deposits received 00310: 07310: 17310: 11a of which accrued interest on received loans 00313: 07313: 17313: up to 1 year 00316: 07316: 17316: more than 1 year 00318: 07318: 17318: 12. Debt securities 00320: 12a of which accrued interest on issued debt securities 00325: up to one year 00330: from 1 to 2 years 00340: more than 2 years 00350: 13. Capital and reserves 00355: 14. Financial Derivatives 00360: 15. Other Liabilities 00370: TOTAL LIABILITIES 00380: WRITE-OFFS AND RECOVERIES: 16. Write-offs/impairment losses on Secured Assets other than "Secured Loans" 00390: 17. Write-offs/impairment losses on "Secured Loans" 00400: 18. Recoveries/reversal of impairment on Secured Assets other than "Secured Loans" 00410: 19. Recoveries/reversal of impairment on "Secured Loans" 00420: IFM: Monetary Financial Institutions MMF: Money Market Funds AAPP: Public Administrations FI: Investment Funds OIF: Other Non-Monetary Financial Institutions SFP: Insurance and Pension Funds SNF: Non-Financial Companies HOG: Households and NPISH SI: Special Purpose Entities (Securitization Funds, Bank Asset Funds and SAREB) () OPERATIONS: Financial operations: flows resulting from the creation, liquidation or change of ownership of financial liabilities or assets. Calculated from acquisitions or purchases minus cancellations, amortizations or sales. Financial operations do not include: variations in asset or liability prices (even those arising from exchange rate variations) nor write-offs, nor recoveries. Goods and services operations: flows resulting from the change of ownership of fixed assets, including the assignment or receipt in payment of credit rights. () Special Purpose Entities will only fill in the shaded boxes. () Includes all financial institutions that are not monetary, except Investment Funds and Insurance and Pension Funds. That is, Other financial intermediaries, Financial auxiliaries and Limited activity financial institutions and money lenders are included. Year month STATISTICAL INFORMATION RELATIVE TO THE LIABILITIES OF THE BANK ASSET FUND: OPERATIONS (), WRITE-OFFS AND RECOVERIES () NON-MMF FI SFP SNF OIF () Residents in Spain Residents in other Member States Residents in the Rest of the World HOUSEHOLDS AND NPISH NON-MMF FI SFP SNF HOUSEHOLDS AND NPISH OIF () cve: BOE-A-2014-11566

OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92354

Bank Asset Fund: P State T 03

I. FUND IDENTIFICATION DATA
Name/Corporate Name
Tax ID Number (NIF)
Country of Registration
Address
Postal Code
City
CNMV Registration Number

II. GENERAL FUND DATA (see code table)
II.1-Type of Securitization
II.2-Public/Private Fund
II.3-Fund Class
II.4-Fund Purpose (Indicate the one with the highest percentage of secured assets) II.5-Temporal Data 5.1.-Date of constitution 110:
5.2.-Final/legal maturity date of the fund 120:

III. MANAGING COMPANY IDENTIFICATION DATA
Name/Corporate Name
Tax ID Number (NIF)
Country of Registration
Address
Postal Code
City
CNMV Registration Number

IV. PERSON RESPONSIBLE FOR INFORMATION:
Contact person(s) details for this information:
Name:
Position:
Contact Phone:
E-mail:

CODE TABLE
Section Variable Code
II.1 Type T
S
O
II.3 Class A
B
PHH Mortgage Loans: to households
PHS Mortgage Loans: to non-financial companies PHO Mortgage Loans: others PHH Mortgage Participations: to households PHS Mortgage Participations: to n.f.c. PHO Mortgage Participations: others CTH Mortgage Transfer Certificates: to households CTS CTO PP PPY PE Loans to companies II.4 Purpose PC CH Mortgage Bonds CT BTS DS CA Public Administration Credits PCS PA AF CC DC BT OT Territorial Bonds 160:
065:
070:
Other
Future Credit Rights
Accounts Receivable
Consumer Loans
Auto Loans
Securitization Bonds
Treasury Bonds
Financial Leasing Installments
Subordinated Debt
Mortgage Transfer Certificates: others
Loans to Developers
Loans to SMEs
Corporate Loans (Syndicated)
FUND BASIC INFORMATION
040:
050:
060:
010:
020:
Year month
030:
Mortgage Transfer Certificates: to n.f.c.
080:
090:
100:
150:
Other
Open
Closed
Meaning
Traditional
140:
130:
Synthetic
170:
190:
180:
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OFFICIAL STATE GAZETTE
No. 271 Saturday, November 8, 2014 Sec. I. Page 92355 P State T 04 Bank Asset Fund: Type Price Price Premiums Nature of Date of Periodicity Mean Life Nominal Book Balance Average Book Balance Reimbursement Date of the Payments Instrument (2) Placement (3) Amount (4) Currency (5) F/V (6) Reference Type (7) Margin (8) % Applicable (9) of payments (10) Amortization (11) of the Series (S/TACP) (12) Agency 1 (13A) Rating 1 (14A) Agency 2 (13B) Rating 2 (14B) Agency 3 (13C) Rating 3 (14C) Placed (15) Amortized (16) In Circulation (17) Original Currency (18) Euros (19) Placement (20) (% Nominal Value) (21) Reimbursement (22) Subscribers (23) () The observations column indicates if there have been variations on any of the variables in the columns detailing the characteristics of the issuance Year month STATISTICAL INFORMATION RELATIVE TO THE ISSUANCES Observations () (24) ISIN(1) Movements and Balances Issuance Characteristics Interest Agency Rating Qualification cve: BOE-A-2014-11566 http://www.boe.es OFFICIAL STATE GAZETTE D. L.: M-1/1958 - ISSN: 0212-033X