Central Bank of Cyprus – Reference to ECB Publication

The Central Bank of Cyprus (CBC) informs that the European Central Bank (ECB) has issued a publication to insurance companies, pension funds and reporting agents for payment statistics on the extension of the collection of statistical information, in the context of Covid-19.

The announcement by the ECB states the following:

“ECB communication to reporting agents on the extension of deadlines for the reporting of statistical information in the context of COVID-191

The COVID-19 pandemic poses considerable and diverse challenges to reporting agents for the collection of statistical information across the euro area.

While the considerable uncertainty that accompanies the pandemic makes the availability of data all the more important for users, a short extension of some deadlines is aimed at alleviating reporting agents in areas where the data is somewhat less urgent under the current circumstances and allowing them to deliver high quality data even under the difficult circumstances they are currently facing.

The ECB has decided to postpone the following remittance dates:

-Insurance Corporations statistics (Regulation (EU) No 1374/2014): the remittance date of the annual data (reference 2019) is postponed by 8 weeks, i.e. from 7 April 2020 to 2 June 2020.Quarterly remittance dates will be delayed by 1 week, i.e. from 5 May 2020 to 12 May 2020;

-Pension Funds statistics (Regulation (EU) 2018/231): the remittance date of the annual data(reference 2019) is postponed by 8 weeks, i.e. from 16 June 2020 to 11 August 2020. Quarterly remittance dates will be delayed by 2 weeks, i.e. from 2 June 2020 to 16 June 2020;

-Payment statistics (Regulation (EU) No 1409/2013): the remittance date is postponed by 4weeks from 29 May 2020 to 26 June 2020.” Source ECB Announcement here.