Monthly Returns; Authorisation to Issue Statutory Instruments

(1) An institution must submit a monthly return to the Deutsche Bundesbank without delay after the end of each month. The Deutsche Bundesbank forwards these returns to BaFin together with its comments; BaFin may waive the forwarding of particular returns.
(2) In the cases under section 15(1), third sentence, BaFin may determine whether and how an institution must submit a combined monthly return to the Deutsche Bundesbank without delay after the end of each month.
(3) The Federal Ministry of Finance is authorised to issue, by statutory instrument not requiring the consent of the Bundesrat, in agreement with the Deutsche Bundesbank, more detailed provisions on the content, type, scope and timing of the monthly returns, and on the permissible data media, transmission channels and data formats, in particular in order to obtain insight into the development of institutions' asset and earnings position, and on further particulars, insofar as this is necessary for BaFin to perform its tasks. The Federal Ministry of Finance may transfer the authorisation, by statutory instrument, to BaFin, on condition that the statutory instrument is issued in agreement with the Deutsche Bundesbank. The leading associations of the institutions must be heard before the statutory instrument is issued.