REGULATION (EU) 2017/1539 OF THE EUROPEAN CENTRAL BANK of 25 August 2017 laying down the date of application of Regulation (EU) 2017/1538 amending Regulation (EU) 2015/534 on reporting of supervisory financial information (ECB/2017/25) to less significant supervised entities which are subject to national accounting frameworks (ECB/2017/26)

(1)

Regulation (EU) 2015/534 of the European Central Bank (ECB/2015/13) (4) lays down reporting requirements concerning the supervisory financial information to be submitted by supervised entities to national competent authorities (NCAs).

(2)

Regulation (EU) 2017/1538 enables the European Central Bank (ECB) to decide, at the request of an NCA, to apply that Regulation to less significant supervised entities which are subject to a national accounting framework based on Council Directive 86/635/EEC (5) and established in the Member State of that NCA from 1 January 2019 if the national accounting framework is not compatible with International Financial Reporting Standards.

(3)

Following requests submitted by NCAs to the ECB until 27 July 2017 and the assessment performed by the ECB of national accounting frameworks, the ECB has decided to apply Regulation (EU) 2017/1538 to less significant supervised entities established in certain Member States from 1 January 2019.

(4)

Therefore, a regulation supplementing Regulation (EU) 2017/1538 should be adopted to this end in line with the procedure of Article 26(7) and (8) of Regulation (EU) No 1024/2013,