Adapting to ECB’s New Reporting Standards: Are You Ready?

Key Takeaways

• New Standards: The ECB’s updated fund statistical reporting rules take effect December 2025, increasing reporting frequency and requiring more detailed data in Europe.
• Operational Shift: XML reporting replaces Excel, and offline validation tools are being phased out, requiring automation and real-time data checks.
• Efficient Compliance: Confluence Omnia simplifies reporting, automates data validation, and helps firms meet ECB requirements effectively.

Changes to investment fund statistical reporting adopted by the European Central Bank (ECB) are set to take effect in December 2025, and national central banks, such as the Central Bank of Ireland (CBI) and Banque Centrale du Luxembourg (BCL) have published their jurisdiction-specific reporting requirements. These changes bring increased reporting frequency, along with expanded and more granular data requirements. Fund administrators across the European Union must adapt to this more rigorous regulatory reporting environment.

What’s Changing in Ireland

In Ireland, the MMIF report is undergoing several significant changes. Reporting on this form is expanding to include highly detailed investor information and additional data points on portfolio-holding issuers and counterparties. Furthermore, the traditional Excel reporting template is being superseded by an XML format. It is important to note that CBI’s offline data validation tools will be discontinued. Lastly, starting in June 2026, the MMIF’s reporting frequency will increase from quarterly to monthly for many funds.

What’s Changing in Luxembourg

In Luxembourg, CSSF’s U1.1 report will be expanded to require more granular information about income, fees, and expenses. BCL’s S1.3/S2.13 and S1.6 reports are receiving additional asset class breakouts, and the TPTOBS report will require additional issuer and counterparty information for portfolio holdings without an ISIN. Reporting frequency is also increasing, as many funds will now be reported on the monthly S1.3 report instead of on the quarterly S2.13 report. Lastly, non-authorized alternative investment funds (AIFs) now fall into the scope of reporting on new BCL form S2.20, which is nearly identical to CSSF’s U1.1 reports for CSSF-authorized funds.

Challenges Ahead for Fund Administrators

Fund administrators will soon be responsible for preparing more detailed reports more frequently. Key challenges include:

• Data Complexity: Administrators must consolidate and validate richer, more granular data from their Fund Accounting and Transfer Agency systems.
• Increased Reporting Frequency: The shift from quarterly to monthly submission demands efficiency and automation.
• Greater Need for Validation Tools: With offline validation gone, real-time checks are needed to validate accuracy and prevent errors.
• New Reporting Formats: Adjustment to existing XML formats in Luxembourg and an altogether new XML reporting format in Ireland necessitate a flexible and sophisticated reporting tool.

A Strategic Approach to Compliance

To meet these evolving demands, firms must embrace automation, implement robust validation frameworks, and invest in scalable technology. Streamlined reporting processes will enable compliance and enhance efficiency, reducing operational risk.

Confluence Omnia offers the automation and flexibility that fund administrators in Europe need to implement efficient and sustainable reporting processes around new CBI and BCL reporting requirements. As a global regulatory reporting and filing platform, Confluence Omnia helps you stay ahead of new reporting challenges, automate data integration, validate accuracy, and produce submission-ready XML with a single end-to-end solution.

For more information on how Confluence Omnia can simplify ECB statistical reporting changes for your firm, contact us.

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