Article 11 Reserve holding on a consolidated basisF1

Institutions allowed to report statistical data regarding their consolidated reserve base as a group (as defined within the ECB’s reporting framework F2for money and banking statistics in F3Regulation (EU) No 1071/2013 (ECB/2013/33) shall hold minimum reserves through one of the institutions in the group which is acting as intermediary exclusively for these institutions and in accordance with the provisions in Article 10. On receiving authorisation from the ECB to carry out statistical reporting regarding the consolidated reserve base for the institutions in the group, the institution acting as the intermediary for the group shall automatically be exempted from the provisions in Article 10(6) and only the group as a whole shall be entitled to receive the allowance referred to in Article 5(2).