Filing duty for IPU Quarterly Assessment now rests on German banking law
Germany's financial regulator BaFin has stopped ordering companies to file the IPU Quarterly Assessment, a quarterly report on assets held by non-EU groups operating in the EU. The duty now comes directly from the German Banking Act (KWG), and the Bundesbank collects the reports through its NExt system. The thresholds and report content are unchanged.
This summary was generated by AI; the official source prevails.
What does it mean?
Banks and other covered firms that must report on non-EU group assets still have to file every quarter, but the legal basis has changed. The reports go to the Bundesbank through its online NExt system, with a deadline two months after each quarter-end.
Who is affected?
Covered EU parent institutions, individual institutions of third-country groups, and the IPU once set up.
What changes?
Before 1 April 2026, BaFin ordered institutions to file the report; now the obligation comes directly from section 2g(8) of the KWG.