Reporting agents must fulfil the following minimum standards to meet the European Central Bank's (ECB's) statistical reporting requirements.

1. Minimum standards for transmission:

(i) reporting must be timely and within the deadlines set by the ECB and the relevant national central bank (NCB); 

(ii) statistical reports must take their form and format from the technical reporting requirements set by the ECB and the relevant NCB;

(iii) the reporting agent must provide the details of one or more contact persons to the ECB and the relevant NCB;

(iv) the technical specifications for data transmission to the ECB and the relevant NCB must be followed.

2. Minimum standards for accuracy:

(i) statistical information must be correct;

(ii) reporting agents must be able to provide information on the developments implied by the transmitted data;

(iii) statistical information must be complete and must not contain continuous and structural gaps; existing gaps must be acknowledged, explained to the ECB and the relevant NCB and, where applicable, bridged as soon as possible;