Decision on the Type, Manner of Submission and Content of Safeguarding of Funds Reports

Pursuant to Article 47 paragraph 1 item 6 of the Law on the National Bank of the Republic of Macedonia (Official Gazette of the Republic of Macedonia No. 158/2010, 123/12, 43/14, 153/15, 6/16 and 83/18 and Official Gazette of the Republic of North Macedonia No. 110/21) and Article 171 paragraph 3 of the Law on Payment Services and Payment Systems (Official Gazette of the Republic of North Macedonia No. 90/22), the National Bank of the Republic of North Macedonia Council has adopted the following DECISION on the type, the manner of submission and the content of the reports on safeguarding of funds
I. GENERAL PROVISIONS

1. This Decision shall prescribe the type, the manner of submission and the
   content of the reports on safeguard of payment institutions’ funds i.e. electronic money institutions to the National Bank of the Republic of North Macedonia (hereinafter: the National Bank).
2. For the purposes of this Decision, “institution” shall denote payment
   institution and electronic money institution.
   II. CONTENT OF THE REPORTS THAT THE INSTITUTION PREPARES FOR
   THE RECORDING OF THE MANNER OF SAFEGUARDING OF FUNDS
3. The institution shall keep a record on the manner of safeguard of funds on
   a daily basis.
   The record and notification to the National Bank about the manner of safeguarding of funds shall be made on the Safeguarding of Funds Form ‒ OZP. The form shall consist of four separate forms:

• Form for the funds deposited in the National in Bank and/or bank and/or
  savings houses (OZP-1);
• Form for the funds invested in safe, liquid and low-risk assets
• Form for the assets covered by an insurance policy or guarantee without
  objection and payable at first (OZP-3) and
• Form for the overall safeguard of received funds (OZP-4).

4. The separate forms referred to in item 3 paragraph 3 of this decision
   shall be given in Annex 1 of this decision together with the corresponding positions/fields that are completed.

III. TYPE AND MANNER OF SUBMISSION OF THE REPORTS
5. The institution shall prepare and submit to the National Bank a monthly
report on the manner of safeguarding of funds.
The report referred to in paragraph 1 of this item shall contain information on the amount of funds on a daily basis for each working day of the reporting month. The date of submission of the reports referred to in paragraph 1 of this item shall be fifteen working days from the expiration of the reporting month. On special request from the National Bank, the institution shall compile the report referred to in paragraph 1 of this item also as of another date and another deadline, different from the ones specified in paragraphs 2 and 3 of this item. The institution that is subject to consolidated supervision shall submit to the National Bank the reports referred to in paragraph 1 of this item on a consolidated basis and for every other institution that provides payment services and/or issue electronic money, according to the accounting balance on 30 June and 31 December, within fifteen days after the end of the reporting half-year.
6. The report referred to in item 5 of this Decision shall be submitted to the
National Bank electronically, in accordance with the by-law which regulates the connection with the information system of the National Bank.
7. The institution shall submit the first report for 2023 referred to in item 5 of
this Decision to the National Bank no later than 16 February 2023. IV.CLOSING PROVISIONS
8. This Decision shall enter into force on the eighth day from the day of its
publication in the Official Gazette of the Republic of North Macedonia, and shall apply from 1 January 2023. D No. 02-15/XX-6/2022 25 November 2022 Skopje Governor and Chairperson of the Council of the National Bank of the Republic of North Macedonia Anita Angelovska Bezhoska

ANNEX 1
Form for the funds deposited in the National in Bank and/or bank and/or savings house (OZP -1) Individual positions of the Form for the funds deposited in the National in Bank and/or bank and/or savings house (OZP-1) shall contain the following data:

• 1.1 “Ordinal number“ ‒ the order of the reporting dates;

• 1.2 “Date“ ‒ each day of the reporting period;

• 1.3 “Amount“ ‒ the amount of safeguard funds in denar thousand;

• 1.4 “Account balance“‒ the payment account balance in denar thousand that
  is used for safeguard of funds for each day of the reporting period;

• 1.5 “Bank name“‒ the name of the bank where the institution deposited the
  funds received by the payment service user;

• 1.6 “Payment account number“ ‒ the single identification mark for the
  institutions’ payment account with the National Bank/or banks/or savings house;

• “Total“ ‒ the sum of all data under rows “Amount” and “Account balance”.
  If the institution performs safeguarding of funds for the same date at several banks simultaneously, the status of the payment accounts in each of those banks for that date individually shall be entered. Form for the funds invested in safe, liquid and low-risk assets (OZP-2) Individual positions of the Form for the funds invested in safe, liquid and low-risk assets shall contain the following data:

• 1.1 “Ordinal number“ ‒ the order of the reporting dates;

• 1.2 “Date“ ‒ each day of the reporting period;

• 1.3 “Amount“ ‒ the amount of safeguard funds in denar thousand;

• 1.4 “Investments balance“ ‒ the investments balance in safe, liquid and low￾risk funds at market value for each day of the reporting period in denar
  thousand;
  1.1 Ordinal number 1.2 Date 1.3 Amount 1.4 Account balance 1.5 Bank name 1.6 Payment account number
  Total:
  1.1 Ordinal number 1.2 Date 1.3 Amount 1.4 Investments balance 1.5 Mark type 1.6 Code (ISIN) 1.7 Issued by
  Total:

• 1.5 “Mark type“ ‒ the mark code of the security shall be entered, as follows: 1
  ‒ for the security issued with ISIN code or 2 ‒ for the security issued without ISIN code;

• 1.6 “Code (ISIN)“ ‒ international identification number of the security. If field
  1.5 "Mark type" is marked with code 2 - security issued without ISIN code, field
  1.6 shall not be completed;

• 1.7 "Issued by" - the full name and the main office of the issuer of the security;

• "Total" - the sum of all rows under "Amount" and "Investments balance".
  If the institution performs safeguarding of the funds for the same date by investing them in several assets, each of those assets shall be listed for that date, individually. Form on the assets covered by an insurance policy or guarantee without objection and payable at first demand (OZP-3) Individual positions of the form for the assets covered by an insurance policy or guarantee without objection and payable at first demand (OZP-3), shall contain the following data:

• 1.1 “Ordinal number“ ‒ the order of the reporting dates;

• 1.2 “Date“ ‒ each day of the reporting period;

• 1.3 “Amount“ ‒ the amount of safeguard funds in denar thousand;

• 1.4 “Amount covered by the policy“ ‒ amount that is covered by the
  policy/insurance;

• 1.5 “Policy issuer“ ‒ the full name and the main office of the insurance company
  that issues the policy;

• "Total" - the sum of all rows under "Amount" and "Investments balance".
  1.1 Ordinal number 1.2 Date 1.3 Amount 1.4 Amount covered by the policy 1.5 Policy issuer
  Total:

Form for the overall safeguarding of received funds (OZP-4) The Form for the overall daily safeguard of received funds (OZP-4), the total amount of funds which should be safeguarded each working day of the reporting month, the following shall be recorded:

• 1.1 “Ordinal number“ ‒ the order of the reporting dates;
• 1.2 “Date“ ‒ each day of the reporting period;
• 1.3 “Amount“ ‒ the sum under columns 1.3 of OZP-1, OZP-2 and OZP-3;
• 1.4 “Safeguard” ‒ the sum under columns 1.4 of OZP-1, OZP-2 and OZP-3;
• "Total" - the sum of all rows under "Amount" and "Investments balance".
  1.1 Ordinal number 1.2 Date 1.3 Amount 1.4 Safeguard
  Total: