Decision (EU) 2020/1735 of the European Central Bank of 12 November 2020 amending Decision (EU) 2016/2248 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2020/55)
Amendments
Decision (EU) 2016/2248 (ECB/2016/36) is amended as follows:
(1)
Article 3(1)(b)(iii) is replaced by the following:
‘(iii)
debt instruments issued by central, regional and local governments and recognised agencies and substitute debt instruments issued by public non-financial corporations held for monetary policy purposes under either Decision (EU) 2020/188 of the European Central Bank (ECB/2020/9) ( *1 ) or Decision (EU) 2020/440 of the European Central Bank (ECB/2020/17) ( *2 ) .
( *1 ) Decision (EU) 2020/188 of the European Central Bank of 3 February 2020 on a secondary markets public sector asset purchase programme (ECB/2020/9) ( OJ L 39, 12.2.2020, p. 12 )."
( *2 ) Decision (EU) 2020/440 of the European Central Bank of 24 March 2020 on a temporary pandemic emergency purchase programme (ECB/2020/17) ( OJ L 91, 25.3.2020, p. 1 ).’;"
(2)
Annex II is amended in accordance with the Annex to this Decision.
Entry into force
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .
It shall apply from 31 December 2020.
Supplementary provisions
ANNEXSupplementary provisions
ANNEX
Annex II to Decision (EU) 2016/2248 (ECB/2016/36) is amended as follows:
(1)
in Section A, the following paragraph 9a is inserted:
‘9a.
Balances related to accrued coupon interest on impaired securities held for monetary policy purposes (with the exception of accrued coupon interest on any impaired securities referred to in point (b) of Article 3(1) of this Decision) (part of asset item 11.5 of the HBS).’;
(2)
in Section A, the following paragraph 11 is added:
‘11.
Claims on non-Eurosystem central banks that relate to liquidity-providing operations (part of asset item 4.1 of the HBS or part of off-balance-sheet assets).’
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
