Ordinance No 27 of the BNB of 13 March 2014 on the Balance of Payments Statistics, International Investment Position and Securities Statistics

1 Ordinance No 27
Ordinance No 27* of the BNB of 13 March 2014 on the Balance of Payments Statistics, International Investment Position and Securities Statistics (Issued by the Bulgarian National Bank on 13 March 2014; published in the Darjaven Vestnik, issue 27 of 25 March 2014, amended issue 53 of 2016, effective as of 1 August 2016; amended, issue 105 of 2020; effective as of 1 January 2021; amended; Darjaven Vestnik, issue 108 of 2024; amended, issue 30 of 2026, effective as of 1 April 2026)
Chapter One
SUBJECT
Article 1. This Ordinance shall establish the procedure for reporting and statistical declaration of transactions
between residents and non-residents, and for provision of information on the balance of payments, international investment position and securities statistics.
Chapter Two
REGISTERS
Article 2. (repealed; Darjaven Vestnik, issue 53 of 2016, effective as of 1 August 2016)
Article 3. (repealed; Darjaven Vestnik, issue 53 of 2016, effective as of 1 August 2016)
Article 4. (amended; Darjaven Vestnik, issue 53 of 2016, effective as of 1 August 2016) Payment services providers
shall execute transfer orders in relation to a transaction subject to declaration under Article 7, paragraph 5 of the Currency Law upon verification of the declaration of the transaction by the resident legal entity or sole proprietor.
Article 5. (amended; Darjaven Vestnik, issue 53 of 2016, effective as of 1 August 2016) The Bulgarian National
Bank may collect aggregate data or other relevant immediately accessible information provided that this process does not affect the direct processing of payments and may be fully automated by payment services providers. The information shall be submitted in accordance with the written instructions of the Deputy Governor of the BNB heading the Banking Department.
Chapter Three
STATISTICAL DECLARATION
Article 6. (1) Any resident legal entity or sole proprietor who has concluded a transaction under Article 7, para￾graph 5 of the Currency Law shall submit to the BNB a declaration within 15 business days after the conclusion of the
transaction as follows:

1. (amended; Darjaven Vestnik, issue 108 of 2024, effective from the date specified in the Decision of the Council of
   the European Union on the adoption by the Republic of Bulgaria of the euro) on transactions for extending or bor￾rowing financial credits equal to or exceeding EUR 25,000, or the equivalent amount in foreign currency – by complet￾ing a declaration according to a sample form;
2. (amended; Darjaven Vestnik, issue 105 of 2020; effective as of 1 January 2021, amended; Darjaven Vestnik,
   issue 108 of 2024, effective as of 1 April 2025) upon opening a bank account in another country, including with pay￾ment institutions and electronic money institutions — by completing a declaration according to a sample form;
3. on making initial direct investment in other countries – by completing a declaration according to a sample form;
4. on issuing debt securities – by completing a declaration according to a sample form;
5. on acquiring securities without intermediation of a resident person, investment intermediary – by completing a
   declaration according to a sample form.
   (2) Government and government guaranteed credits, as well as banks’ accounts in other countries shall not be subject to declaration under paragraph 1, items 1 and 2. (3) (amended; Darjaven Vestnik, issue 105 of 2020, effective as of 1 January 2021) Declarations under paragraph 1 may be submitted personally, by a proxy on a hard copy or electronically. Declarations on a hard copy shall be submitted in two identical copies. (4) Declarations under paragraph 1, which are sent electronically, shall comply with the requirements of the Law on Electronic Document and Electronic Signature and the Law on E-Governance. (5) (new, Darjaven Vestnik, issue 53 of 2016, effective as of 1 August 2016) Transactions on acquisition of securi￾ties without the intermediation of a resident person – investment intermediary, concluded by resident legal entities belonging to the institutional sector of Financial Corporations shall not be subject to declaration under paragraph 1, item 5.
   Article 7. (1) The Bulgarian National Bank shall certify the declaration of the transactions under Article 6 by a signa￾ture and a seal on the declaration on a hard copy and/or by an electronic signature in case of electronically submitted

• Unofficial translation provided for information purposes only. The Bulgarian National Bank bears no responsibility whatsoever as to the
  accuracy of the translation and is not bound by its contents.