(1)

The euro short-term rate (€STR) is calculated based on unsecured market segment statistical information that is reported by reporting agents to the national central banks (NCBs) or the European Central Bank (ECB) under Regulation (EU) No 1333/2014 of the European Central Bank (ECB/2014/48) (1). The actual reporting population under Regulation (EU) No 1333/2014 (ECB/2014/48) was extended by a decision of the ECB’s Governing Council on 5 April 2023 pursuant to Article 2(3) of that Regulation to classify certain other monetary financial institutions as new reporting agents. Before the input statistical information reported by the new reporting agents is submitted to and received in the euro short-term rate system, the data quality needs to be monitored and the impact of the statistical information on the published euro short-term rate analysed. It is therefore necessary to amend the definition of input statistical information in Guideline (EU) 2019/1265 of the European Central Bank (ECB/2019/19) (2) to allow for a sufficient lag between the date of first reporting under Regulation (EU) No 1333/2014 (ECB/2014/48) and the use of the respective statistical information as input statistical information for the calculation of theeuro short-term rate.

(2)

Article 5(2a) of Guideline (EU) 2019/1265 (ECB/2019/19) provides that if an NCB has only one reporting agent resident in its Member State and does not operate a local collection platform, the ECB may with the prior agreement of that NCB carry out on its behalf – and following the business procedures referred to in Article 6(3) – the tasks that the NCB is required to carry out pursuant to Article 5(2) and that relate to the euro short-term rate determination process and post-production procedures. In the interests of the efficient allocation of resources, and in view of the specificity of the euro short-term rate determination process and post-production procedures, the information technology (IT) and operational investments already made by the ECB and the risks involved, it is, however, appropriate that the ECB carry out those tasks on behalf of all NCBs that do not operate a local collection platform. This is to be subject to prior agreement in the form of an exchange of letters between the NCB concerned and the ECB.

(3)

The euro short-term rate is made available through the ECB Data Portal, which replaced the ECB Statistical Data Warehouse on 23 June 2023.

(4)

Therefore, Guideline (EU) 2019/1265 (ECB/2019/19) should be amended accordingly,

(1)

Article 2 is amended as follows:

(2)

in Article 4, paragraph (5) is replaced by the following:

(3)

in Article 5, paragraph (2a) is replaced by the following: