4.9. Data collection

The DGS should have in place adequate systems to collect all the necessary information to calculate the contributions of each member institution. In cases where the DGS does not gather information directly from member institutions but relies on the information provided by the competent or designated authorities, either statutory provisions or formal arrangements should be in place so that the information required by the DGS for administering the contributions is collected and transmitted on a timely basis.

For the purpose of calculating contributions, the DGS should make use of information already available to it or requested from member institutions by competent authorities as part of their reporting obligations. The DGS should strike a balance between requiring information necessary for the calculation of contributions and avoiding making unduly burdensome requests for information from the member institutions.

The DGS should only require data that is not already reported on a regular basis if such data is needed for determining the risk that member institutions pose to the DGS.