The Reports Regulation sets out more detailed specifications (type, scope, timing) for all reporting and submission requirements contained in the Banking Act, where these are not specified in another regulation.
Reporting obligations concerning material staff, legal, organisational or business changes at the supervised institutions form part of off-site supervision and ensure that BaFin and the Bundesbank receive information promptly.
Besides the reports specified in the key standard for reporting, section 24 of the Banking Act (eg reports about senior management, reports about an institution’s major participating interests in its own institution), the Reports Regulation contains more detailed instructions for other reporting obligations outlined in the Banking Act, for example those arising from the establishment of a branch and provision of cross-border services in another EEA state (section 24a (1), (3) and (4) of the Banking Act), or the submission of an application for authorisation (section 32 (1) of the Banking Act).
Where specific reporting obligations require the use of forms, these are contained in an annex to the Reports Regulation.
