## MODIFICATIONS TO THE SPECIAL DATA DISSEMINATION STANDARD PLUS — EXECUTIVE SUMMARY

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### Introduction and context
- SDDS Plus was established in October 2012 as the third and highest tier of the IMF’s Data Standards Initiatives.
- The SDDS Plus includes nine data categories additional to those under the SDDS, covering the real, fiscal, financial, and external sectors.
- Adherence to the SDDS Plus is voluntary and open to all SDDS subscribers that are in full observance of the SDDS.
- Staff consultations and outreach undertaken:
  - seminar in September 2012 with 27 participants;
  - published an SDDS Plus Guide for Adherents and Users;
  - SDDS Plus assessment missions to Chile, Germany, Japan, the Netherlands, Portugal, and Spain;
  - pilot with the United States and Italy to exchange views on dissemination practices and IT infrastructure using SDMX.
- At this time, no SDDS subscriber has formally communicated their intention to adhere to the SDDS Plus.

### Summary of proposed modifications (high-level)
- Two specific legal-framework modifications proposed:
  - Extending the timeliness requirement for three data categories from "one quarter" after the reference period to "four months" after the reference period.
  - Allowing the financial soundness indicator "liquid assets to short-term liabilities" to be interpreted as "liquid assets to short-term liabilities (or equivalent under the Basel Accords)".
- Two editorial clarifications proposed concerning:
  - the transition period (section II.1.1.1);
  - observance and removal from the DSBB (section III 4.4.2).

### Details on the timeliness modification
- Three data categories affected:
  - sectoral balance sheets;
  - other financial corporations survey (OFCS);
  - debt securities.
- Revised timeliness requirement:
  - Sectoral balance sheets: Quarterly periodicity and timeliness of four months.
  - OFCS: quarterly periodicity and timeliness of four months.
  - Debt securities (stocks only, by issuer and holder on a from-whom-to-whom basis): quarterly periodicity and timeliness of four months.
- Rationale:
  - Some new data sets will take longer to compile and disseminate than initially expected when SDDS Plus was established in October 2012.
  - Extending timeliness to four months should facilitate adherence.

### Financial soundness indicators (FSIs) methodology change
- Proposed textual change:
  - Replace “liquid assets to short-term liabilities” with “liquid assets to short-term liabilities (or equivalent under the Basel Accords)”.
- Rationale:
  - To reflect updated methodologies under the Basel Accords (e.g., liquidity coverage ratio under Basel III).
  - Follows SDDS Plus principle that subscribers may choose to adopt new methodologies or continue to follow older ones.
- Implementation:
  - Countries compiling FSIs based on any of the Basel Accords should clearly articulate the method used in the metadata.

### Other coverage, periodicity, and timeliness provisions retained in the framework
- The nine SDDS Plus data categories are:
  - sectoral balance sheets;
  - quarterly general government operations;
  - general government gross debt;
  - other financial corporations survey;
  - financial soundness indicators;
  - debt securities;
  - participation in COFER;
  - participation in the Coordinated Portfolio Investment Survey (CPIS);
  - participation in the Coordinated Direct Investment Survey (CDIS).
- General government operations (GGO):
  - To be published using GFSM 2001 format (GFSM 2001, Table 4.1) or its successor.
  - Recording basis can be cash, modified accrual, or accrual and should be clearly identified in metadata.
  - Dissemination of quarterly GGO data with timeliness of twelve months is required.
- General government total gross debt (GGD) in nominal values:
  - Classified by: 1) debt instrument; 2) currency of denomination; 3) residence of the creditor; and 4) memorandum items.
  - Dissemination: quarterly periodicity and timeliness of four months.
- Debt securities:
  - Stocks only, by issuer and holder on a from-whom-to-whom basis (Handbook on Securities Statistics, Part 2, Section 5, Table 5.2).
  - Preferably at market values, but could be at nominal values or both; valuation method must be indicated in metadata.
- External sector reporting requirements:
  - CPIS: semi-annual data (end-June and end-December) to be reported to the IMF within seven months after the end of the reference period.
  - CDIS: annual preliminary data (end-December) to be reported to the IMF within nine months after the end of the reference year.
  - COFER: quarterly COFER data to be reported to the IMF with one quarter timeliness; public dissemination of COFER data is not required by SDDS Plus.

### Flexibility, transition period, and quality/integrity requirements
- No flexibility options are available for any of the nine SDDS Plus data categories.
- An SDDS Plus adherent maintains the right to apply the flexibility options available to it for the SDDS data categories, in accordance with the SDDS legal framework.
- Transition period:
  - Available for an SDDS Plus adherent that commits to comply with all SDDS Plus requirements by the end of 2019.
  - The transition period allows countries to be considered adherents to the SDDS Plus up to the end of 2019 even if they meet the requirements for only five of the nine additional categories.
- Integrity and quality:
  - Adherents are subject to the same integrity requirements applicable to SDDS subscribers.
  - Adherents are encouraged to adopt the most recent internationally accepted statistical methodologies (a specified list is posted on the DSBB).
  - Metadata requirements include dissemination of documentation on methodology and sources, component detail and reconciliations, and specification of deviations from internationally accepted methodologies.
  - Adherents are encouraged to undertake and publish a data quality assessment using a recognized tool (e.g., the Fund’s Data Module of the ROSC using the DQAF, Eurostat or ECB frameworks); reassessments should take place at no more than seven-to-ten-year intervals.

### Implementation and adherence procedures
- Adherence steps:
  - An SDDS subscriber wishing to adhere must inform the Director of the Statistics Department in writing and provide relevant metadata (including transition plans if needed for up to four of the nine categories).
  - Once Fund staff is satisfied that the subscriber meets the relevant requirements, staff will inform the country authorities that it can adhere.
  - The subscriber may then inform the Secretary of the IMF of its readiness to adhere.
  - A subscriber becomes an adherent on the date of posting of its metadata on the IMF’s DSBB.
  - The public may also be informed of adherence by a press release and a specific public notice on the DSBB.
- Legal basis:
  - Proposed amendment to Decision No. 15257-(12/96), adopted October 4, 2012, to incorporate the revisions described.

### Dissemination Standards Bulletin Board (DSBB): purpose, NSDP, and monitoring
- DSBB purpose and responsibilities:
  - The Fund established and maintains an electronic DSBB on the Internet as a service to its members to identify members adhering to the SDDS Plus and provide wide and easy access to adherents’ respective metadata.
  - Responsibility for the accuracy of the metadata rests with adhering countries.
- National Summary Data Page (NSDP) requirements:
  - An SDDS Plus adherent’s NSDP should be linked to the DSBB electronically through “hyperlinks” on the latter.
  - The NSDP is to contain:
    - the most recent observation for the prescribed data category and the next most recent observation (except for COFER data);
    - hyperlinks that provide users with access to time series for all data categories, except for COFER, for the last five years (or less than five years if the data series was created less than five years from the date of posting the hyperlink).
  - The NSDP can include additional information. Responsibility for the data on the NSDP rests with individual adherents.
- Annual metadata certification and interim updates:
  - Adherents are required to certify, on an annual basis, the accuracy of the metadata posted on the DSBB.
  - Within one month after the end of each calendar year, adherents must notify Fund staff that either:
    - (1) all of the metadata posted on the DSBB are fully accurate; or
    - (2) certain metadata are inaccurate (in which case corrected metadata must be provided together with the annual certification).
  - The date on which the metadata were last certified by the adherent will be posted on the DSBB.
  - If an adherent makes changes affecting metadata accuracy between certification dates, the adherent should:
    - inform Fund staff and amend the affected metadata expeditiously within the calendar quarter when those changes have occurred;
    - pending revision, a note may be posted on the DSBB indicating that the metadata are in the process of being updated.
- Automated monitoring arrangements (Section III.3.1):
  - Adherents are required to use standardized electronic reporting procedures established by Fund staff, which will allow effective monitoring of adherents’ observance of the SDDS Plus.
  - Under these procedures adherents are required to:
    - (1) report advance release calendars to Fund staff (except for COFER, CPIS, and CDIS data);
    - (2) adopt NSDP formats that allow Fund staff to electronically capture information on NSDPs, including the date of release and the reference period of the most recently disseminated data for each prescribed data category (except for COFER data);
    - (3) certify on an annual basis the accuracy of the metadata posted on the DSBB as prescribed above; and
    - (4) report updated metadata to Fund staff.
- Observance and removal from the DSBB:
  - Adherents are expected to observe the elements of the SDDS Plus four dimensions, maintain an NSDP, and observe metadata certification and monitoring requirements in Sections III.2.2, III.2.3, III.2.4, and III.3.1.
  - Deviations from SDDS Plus undertakings are subject to the same nonobservance procedures applicable to SDDS subscribers.
  - Consequences of deletion by the Executive Board:
    - If the Executive Board deletes an adherent’s metadata from the DSBB due solely to nonobservance of SDDS Plus undertakings, the adherent’s metadata would be removed from the SDDS Plus and be disseminated under the SDDS (the subscriber would no longer be an SDDS Plus adherent but would still be an SDDS subscriber).
    - If the Executive Board deletes metadata of a subscriber that is also an SDDS Plus adherent due solely to nonobservance of SDDS undertakings, the metadata would be automatically deleted from both the SDDS and the SDDS Plus, and the subscriber would no longer be an SDDS subscriber nor SDDS Plus adherent.
  - An annual report assessing each adhering member’s observance of its undertakings under the SDDS Plus will be posted on the DSBB.
- Reviews, revisions, and withdrawal:
  - Reviews of the SDDS Plus will be conducted by the Fund at intervals determined by the Executive Board; revisions may be adopted at the completion of these reviews.
  - An adherent may withdraw adherence at any time by sending notification to the Managing Director of the Fund; the relevant metadata would be removed immediately from the DSBB.

### Key periodicity and timeliness figures and selected table extracts
- Sectoral balance sheets: Q 4M
- General government operations (GGO, GFSM 2001 Table 4.1): Q 12M
- General government gross debt (GGD): Q 4M
- Other financial corporations survey (OFCS): Q 4M
- Financial soundness indicators (seven FSIs listed): Q Q
- Debt securities (stocks only): Q 4M
- CPIS participation and reporting: 7M (semi-annual, end-June and end-December reported within seven months)
- CDIS participation and reporting: 9M (annual preliminary data as of end-December reported within nine months)
- COFER participation and reporting: Q Q (quarterly COFER data are to be reported to the IMF with one quarter timeliness; public dissemination of COFER data is not required)
- Transition period: up to four of the SDDS Plus nine additional data categories may be covered under a transition period allowing adherence through the end of 2019 even if only five of nine categories are met

*Source: EXECUTIVE SUMMARY — pp4857-modifications-to-the-special-data-dissemination-standard-plus*

### EXECUTIVE SUMMARY

### MODIFICATIONS TO THE SPECIAL DATA DISSEMINATION STANDARD PLUS — EXECUTIVE SUMMARY

### Introduction and context
- SDDS Plus was established in October 2012 as the third and highest tier of the IMF’s Data Standards Initiatives.
- The SDDS Plus includes nine data categories additional to those under the SDDS, covering the real, fiscal, financial, and external sectors.
- Adherence to the SDDS Plus is voluntary and open to all SDDS subscribers that are in full observance of the SDDS.
- Staff consulted potential adherents (including a seminar in September 2012 with 27 participants), published an SDDS Plus Guide for Adherents and Users, conducted outreach, and undertook SDDS Plus assessment missions to Chile, Germany, Japan, the Netherlands, Portugal, and Spain.
- A pilot with the United States and Italy is underway to exchange views on dissemination practices and IT infrastructure using SDMX.
- At this time, no SDDS subscriber has formally communicated their intention to adhere to the SDDS Plus.

### Summary of proposed modifications (high-level)
- Two specific modifications to the SDDS Plus legal framework are proposed to facilitate adherence and reflect updated methodologies:
  - Extending the timeliness requirement for three data categories from "one quarter" after the reference period to "four months" after the reference period.
  - Allowing the financial soundness indicator "liquid assets to short-term liabilities" to be interpreted as "liquid assets to short-term liabilities (or equivalent under the Basel Accords)" to reflect updated Basel methodologies.
- Two editorial clarifications are also proposed concerning the transition period (section II.1.1.1) and observance and removal from the DSBB (section III 4.4.2).

### Details on the timeliness modification
- Three data categories affected:
  - sectoral balance sheets;
  - other financial corporations survey (OFCS);
  - debt securities.
- Revised timeliness requirement:
  - Quarterly periodicity and timeliness of four months are prescribed for sectoral balance sheets.
  - OFCS: quarterly periodicity and timeliness of four months.
  - Debt securities (stocks only, by issuer and holder on a from-whom-to-whom basis): quarterly periodicity and timeliness of four months.
- Rationale:
  - Some new data sets will take longer to compile and disseminate than initially expected when SDDS Plus was established in October 2012.
  - Extending timeliness to four months should facilitate adherence.

### Financial soundness indicators (FSIs) methodology change
- Proposed textual change under the FSIs data category:
  - Replace “liquid assets to short-term liabilities” with “liquid assets to short-term liabilities (or equivalent under the Basel Accords)”.
- Rationale:
  - To reflect updated methodologies under the Basel Accords (e.g., liquidity coverage ratio under Basel III).
  - Follows SDDS Plus principle that subscribers may choose to adopt new methodologies or continue to follow older ones.
- Implementation:
  - Countries compiling FSIs based on any of the Basel Accords should clearly articulate the method used in the metadata.

### Other coverage, periodicity, and timeliness provisions retained in the framework
- The nine SDDS Plus data categories are: sectoral balance sheets; quarterly general government operations; general government gross debt; other financial corporations survey; financial soundness indicators; debt securities; participation in COFER; participation in the Coordinated Portfolio Investment Survey (CPIS); and participation in the Coordinated Direct Investment Survey (CDIS).
- General government operations (GGO):
  - To be published using GFSM 2001 format (GFSM 2001, Table 4.1) or its successor.
  - Recording basis can be cash, modified accrual, or accrual and should be clearly identified in metadata.
  - Dissemination of quarterly GGO data with timeliness of twelve months is required.
- General government total gross debt (GGD) in nominal values:
  - Classified by: 1) debt instrument; 2) currency of denomination; 3) residence of the creditor; and 4) memorandum items.
  - Dissemination: quarterly periodicity and timeliness of four months.
- Debt securities:
  - Stocks only, by issuer and holder on a from-whom-to-whom basis (Handbook on Securities Statistics, Part 2, Section 5, Table 5.2).
  - Preferably at market values, but could be at nominal values or both; valuation method must be indicated in metadata.
- External sector:
  - CPIS: semi-annual data (end-June and end-December) to be reported to the IMF within seven months after the end of the reference period.
  - CDIS: annual preliminary data (end-December) to be reported to the IMF within nine months after the end of the reference year.
  - COFER: quarterly COFER data to be reported to the IMF with one quarter timeliness; public dissemination of COFER data is not required by SDDS Plus.

### Flexibility, transition period, and quality/integrity requirements
- No flexibility options are available for any of the nine SDDS Plus data categories.
- An SDDS Plus adherent maintains the right to apply the flexibility options available to it for the SDDS data categories, in accordance with the SDDS legal framework.
- Transition period:
  - Available for an SDDS Plus adherent that commits to comply with all SDDS Plus requirements by the end of 2019.
  - The transition period allows countries to be considered adherents to the SDDS Plus up to the end of 2019 even if they meet the requirements for only five of the nine additional categories.
- Integrity and quality:
  - Adherents are subject to the same integrity requirements applicable to SDDS subscribers.
  - Adherents are encouraged to adopt the most recent internationally accepted statistical methodologies (a specified list is posted on the DSBB).
  - Metadata requirements include dissemination of documentation on methodology and sources, component detail and reconciliations, and specification of deviations from internationally accepted methodologies.
  - Adherents are encouraged to undertake and publish a data quality assessment using a recognized tool (e.g., the Fund’s Data Module of the ROSC using the DQAF, Eurostat or ECB frameworks); reassessments should take place at no more than seven-to-ten-year intervals.

### Implementation and adherence procedures
- Adherence steps:
  - An SDDS subscriber wishing to adhere must inform the Director of the Statistics Department in writing and provide relevant metadata (including transition plans if needed for up to four of the nine categories).
  - Once Fund staff is satisfied that the subscriber meets the relevant requirements, staff will inform the country authorities that it can adhere.
  - The subscriber may then inform the Secretary of the IMF of its readiness to adhere.
  - A subscriber becomes an adherent on the date of posting of its metadata on the IMF’s DSBB.
  - The public may also be informed of adherence by a press release and a specific public notice on the DSBB.
- Legal basis:
  - Proposed amendment to Decision No. 15257-(12/96), adopted October 4, 2012, to incorporate the revisions described.

*Source: EXECUTIVE SUMMARY — pp4857-modifications-to-the-special-data-dissemination-standard-plus*

### 2.      Dissemination Standards Bulletin Board

### 2. Dissemination Standards Bulletin Board

### DSBB purpose and responsibilities
- The Fund established and maintains an electronic DSBB on the Internet as a service to its members to identify members adhering to the SDDS Plus and provide wide and easy access to adherents’ respective metadata.
- Responsibility for the accuracy of the metadata rests with adhering countries.

### National Summary Data Page (NSDP) requirements
- An SDDS Plus adherent’s NSDP should be linked to the DSBB electronically through “hyperlinks” on the latter.
- The NSDP is to contain:
  - the most recent observation for the prescribed data category and the next most recent observation (except for COFER data); and
  - hyperlinks that provide users with access to time series for all data categories, except for COFER, for the last five years (or less than five years if the data series was created less than five years from the date of posting the hyperlink).
- The NSDP can include additional information. Responsibility for the data on the NSDP rests with individual adherents.

### Annual metadata certification and interim updates
- Adherents are required to certify, on an annual basis, the accuracy of the metadata posted on the DSBB.
  - Within one month after the end of each calendar year, adherents must notify Fund staff that either:
    - (1) all of the metadata posted on the DSBB are fully accurate; or
    - (2) certain metadata are inaccurate (in which case corrected metadata must be provided together with the annual certification).
- The date on which the metadata were last certified by the adherent will be posted on the DSBB.
- If an adherent makes changes affecting metadata accuracy between certification dates, the adherent should:
  - inform Fund staff and amend the affected metadata expeditiously within the calendar quarter when those changes have occurred;
  - pending revision, a note may be posted on the DSBB indicating that the metadata are in the process of being updated.

### Automated monitoring arrangements (Section III.3.1)
- Adherents are required to use standardized electronic reporting procedures established by Fund staff, which will allow effective monitoring of adherents’ observance of the SDDS Plus.
- Under these procedures adherents are required to:
  - (1) report advance release calendars to Fund staff (except for COFER, CPIS, and CDIS data);
  - (2) adopt NSDP formats that allow Fund staff to electronically capture information on NSDPs, including the date of release and the reference period of the most recently disseminated data for each prescribed data category (except for COFER data);
  - (3) certify on an annual basis the accuracy of the metadata posted on the DSBB as prescribed above; and
  - (4) report updated metadata to Fund staff.

### Observance and removal from the DSBB
- Adherents are expected to observe the elements of the SDDS Plus four dimensions, maintain an NSDP, and observe metadata certification and monitoring requirements in Sections III.2.2, III.2.3, III.2.4, and III.3.1.
- Deviations from SDDS Plus undertakings are subject to the same nonobservance procedures applicable to SDDS subscribers.
  - If the Executive Board deletes an adherent’s metadata from the DSBB due solely to nonobservance of SDDS Plus undertakings, the adherent’s metadata would be removed from the SDDS Plus and be disseminated under the SDDS (the subscriber would no longer be an SDDS Plus adherent but would still be an SDDS subscriber).
  - If the Executive Board deletes metadata of a subscriber that is also an SDDS Plus adherent due solely to nonobservance of SDDS undertakings, the metadata would be automatically deleted from both the SDDS and the SDDS Plus, and the subscriber would no longer be an SDDS subscriber nor SDDS Plus adherent.
- An annual report assessing each adhering member’s observance of its undertakings under the SDDS Plus will be posted on the DSBB.

### Reviews, revisions, and withdrawal
- Reviews of the SDDS Plus will be conducted by the Fund at intervals determined by the Executive Board; revisions may be adopted at the completion of these reviews.
- An adherent may withdraw adherence at any time by sending notification to the Managing Director of the Fund; the relevant metadata would be removed immediately from the DSBB.

### Key periodicity and timeliness figures from Table 1 and related provisions
- Sectoral balance sheets: Q 4M
- General government operations (GGO, GFSM 2001 Table 4.1): Q 12M
- General government gross debt (GGD): Q 4M
- Other financial corporations survey (OFCS): Q 4M
- Financial soundness indicators (seven FSIs listed): Q Q
- Debt securities (stocks only): Q 4M
- CPIS participation and reporting: 7M (semi-annual, end-June and end-December reported within seven months)
- CDIS participation and reporting: 9M (annual preliminary data as of end-December reported within nine months)
- COFER participation and reporting: Q Q (quarterly COFER data are to be reported to the IMF with one quarter timeliness; public dissemination of COFER data is not required)
- Transition period: up to four of the SDDS Plus nine additional data categories may be covered under a transition period allowing adherence through the end of 2019 even if only five of nine categories are met

*Source: MODIFICATIONS TO THE SPECIAL DATA DISSEMINATION STANDARD PLUS (SDDS Plus), Annex and Sections II–III.*

### 1.      Adherence to the SDDS Plus

### 1. Adherence to the SDDS Plus

### Adherence process and entry conditions
- Adherence to the SDDS Plus is voluntary and open to all SDDS subscribers that are in full observance of SDDS requirements.
- An SDDS subscriber wishing to adhere must inform the Director of the Statistics Department in writing of its intention.
- The subscriber should provide Fund staff with the relevant metadata (including transition plans, if needed, for up to four of the nine SDDS Plus data categories indicated in Section II.1.).
- Once Fund staff is satisfied that the subscriber meets the relevant requirements under the SDDS Plus, staff will inform the country authorities that it can adhere to the SDDS Plus.
- The subscriber may then inform the Secretary of the IMF of its readiness to adhere.
- The metadata will be posted on the IMF’s DSBB after the Secretary of the IMF has been informed.
- A subscriber becomes an adherent to the SDDS Plus on the date of posting of its metadata on the DSBB.
- The public may also be informed of a member’s adherence by a press release and the posting of a specific public notice on the DSBB.

### Dissemination Standards Bulletin Board (DSBB) and NSDP requirements
- The Fund established and maintains an electronic DSBB on the Internet to identify members adhering to the SDDS Plus and to provide access to adherents’ metadata. Responsibility for accuracy of the metadata rests with adhering countries.
- An SDDS Plus adherent’s national summary data page (NSDP) should be linked to the DSBB electronically through “hyperlinks” on the latter.
- The NSDP is to contain:
  - the most recent observation for the prescribed data category and the next most recent observation (except for COFER data).
  - hyperlinks providing users access to time series for all data categories, except for COFER, for the last five years (or less than five years if the data series was created less than five years from the date of posting the hyperlink).
  - additional information at the adherent’s discretion.
- Responsibility for the data on the NSDP rests with individual adherents.
- Adherents are required to certify, on an annual basis, the accuracy of the metadata posted on the DSBB.
  - Adherents will notify Fund staff, within one month after the end of each calendar year, that either: (1) all of the metadata posted on the DSBB are fully accurate; or (2) certain metadata are inaccurate.
  - In case (2), adherents must provide the corrected metadata together with the annual certification.
  - The date on which the metadata were last certified by the adherent will be posted on the DSBB.
- If metadata change between certification dates, the adherent should inform Fund staff and amend the affected metadata expeditiously within the calendar quarter when those changes occurred. Pending revision, a note may be posted indicating metadata are in the process of being updated.

### Automated monitoring arrangements
- Adherents are required to use standardized electronic reporting procedures established by Fund staff in consultation with adherents to allow effective monitoring of observance.
- Under these procedures, adherents are required to:
  - (1) report advance release calendars to the Fund staff (except for COFER, CPIS, and CDIS data);
  - (2) adopt NSDP formats that allow Fund staff to electronically capture information on such NSDPs, including the date of release and the reference period of the most recently disseminated data for each of the prescribed data categories (except for COFER data);
  - (3) certify on an annual basis the accuracy of the metadata posted on the DSBB as prescribed in Section III.2.3 above; and
  - (4) report updated metadata to the Fund staff.

### Observance, nonobservance procedures, and removal from DSBB
- Adherents are expected to observe the elements of the SDDS Plus four dimensions, maintain an NSDP, and observe metadata certification and monitoring requirements set forth in Sections III.2.2, III.2.3, III.2.4, and III.3.1.
- Deviations from SDDS Plus undertakings are subject to the same nonobservance procedures applicable to SDDS subscribers as set forth in the SDDS decision.
- If the Executive Board deletes an adherent’s metadata from the DSBB due solely to nonobservance under the SDDS Plus, the adherent’s metadata would be removed from the SDDS Plus and be disseminated under the SDDS; the subscriber would remain an SDDS subscriber but no longer an SDDS Plus adherent.
- If the Executive Board deletes the metadata of a subscriber that is also an adherent due solely to nonobservance under the SDDS, the metadata would be automatically deleted from both the SDDS and the SDDS Plus, and the country would no longer be an SDDS subscriber nor an SDDS Plus adherent.
- An annual report assessing each adhering member’s observance of its undertakings under the SDDS Plus will be posted on the DSBB.

### Reviews, revisions, and withdrawal
- Reviews of the SDDS Plus will be conducted by the Fund at intervals determined by the Executive Board of the Fund; at the completion of these reviews, revisions of the SDDS Plus may be adopted.
- An adherent may withdraw its adherence to the SDDS Plus at any time by sending a notification to the Managing Director of the Fund. The relevant metadata would be removed immediately from the DSBB.

### Key statistics and timetable requirements (selected extracts from tables)
- CPIS: Participation in CPIS—IMF certification A, (SA beginning in June 2015) — 7M
- CDIS: Participation in CDIS—IMF certification A — 9M
- COFER: Participation in COFER—IMF certification — Q  Q
- Table 1 timing legends:
  - “M” monthly or with lag of no more than one month after the reference date (or the end of the reference period);
  - “Q” quarterly or with lag of no more than one quarter after the reference date (or the end of the reference period);
  - “A” annual.
- General government operations (GFSM 2001) — Q  12M
- General government gross debt — Q  4M
- Debt securities (stocks only) — Q  Q 4M

*Source: Modifications to the Special Data Dissemination Standard Plus (excerpts).*

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_Source: https://www.imf.org/-/media/files/publications/pp/pp4857-modifications-to-the-special-data-dissemination-standard-plus.pdf_