This Regulation came into force on 9 February, 2009 and forms part of EU legislation providing for the collection by the ECB of monetary and financial statistics. Under the Regulation, euro area SPV's that fall within the definition of a "financial vehicle corporation" (FVC) are required to (i) report their existence to the relevant National Central Bank (NCB) and the deadline is the end of March 2009 and (ii) make quarterly reports to the NCB detailing their assets and liabilities – first report due January 2010 in respect of the last quarter of 2009.