Decision (EU) 2023/817 of the European Central Bank of 5 April 2023 amending Decision (EU) 2019/1743 on the remuneration of holdings of excess reserves and of certain deposits (ECB/2019/31) (ECB/2023/9)

Decision (EU) 2023/817 · Decision · 2 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Amendments

Article 1

Article 2 of Decision (EU) 2019/1743 (ECB/2019/31) is amended as follows: (1) paragraph 1 is replaced by the following: ‘1. The holdings in the following accounts maintained with the ECB shall be remunerated at the euro short-term rate (€STR) minus 20 basis points: (a) accounts maintained in accordance with Decision ECB/2003/14 of the European Central Bank ( *1 ) , Decision ECB/2010/4 of the European Central Bank ( *2 ) , Decision ECB/2010/17 of the European Central Bank ( *3 ) , Decision ECB/2010/31 of the European Central Bank ( *4 ) , and Council Regulation (EU) 2020/672 ( *5 ) ; (b) other deposit accounts for the European Stability Mechanism and for the European Financial Stability Facility not covered under point (a). However, when deposits need to be held in the relevant accounts in advance of the date on which a payment must be made in accordance with the legal or contractual rules applicable to the relevant facility, such deposits shall be remunerated during this advance period at zero per cent or the euro short-term rate (€STR), whichever is higher. ( *1 ) Decision ECB/2003/14 of the European Central Bank of 7 November 2003 concerning the administration of the borrowing-and-lending operations concluded by the European Community under the medium-term financial assistance facility ( OJ L 297, 15.11.2003, p. 35 )." ( *2 ) Decision ECB/2010/4 of the European Central Bank of 10 May 2010 concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7 ( OJ L 119, 13.5.2010, p. 24 )." ( *3 ) Decision ECB/2010/17 of the European Central Bank of 14 October 2010 concerning the administration of the borrowing and lending operations concluded by the Union under the European financial stabilisation mechanism ( OJ L 275, 20.10.2010, p. 10 )." ( *4 ) Decision ECB/2010/31 of the European Central Bank of 20 December 2010 concerning the opening of accounts for the processing of payments in connection with EFSF loans to Member States whose currency is the euro ( OJ L 10, 14.1.2011, p. 7 )." ( *5 ) Council Regulation (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak ( OJ L 159, 20.5.2020, p. 1 ).’;" (2) paragraph 2 is replaced by the following: ‘2. The rate specified in paragraph 1 shall also apply to the dedicated account maintained with the ECB in accordance with Article 13(2) of Commission Implementing Decision of 14 April 2021 establishing the necessary arrangements for the administration of the borrowing operations under Council Decision (EU, Euratom) 2020/2053 and for the lending operations related to loans granted in accordance with Article 15 of Regulation (EU) 2021/241 of the European Parliament and of the Council ( * ) and used for the purposes of prudential cash holdings in relation to: (a) NextGenerationEU (“NGEU”); (b) the Instrument for providing support to Ukraine for 2023 (macro-financial assistance+) ( ** ) ; (c) any other European Union financing programme which the ECB and the Commission may agree to include. However, an aggregate amount of deposits held in that dedicated account not exceeding EUR 20 billion shall be remunerated at zero per cent or the euro short-term rate (€STR) minus 20 basis points, whichever is higher. ( * ) C(2021)2502 final." ( ** ) Regulation (EU) 2022/2463 of the European Parliament and of the Council of 14 December 2022 establishing an Instrument for providing support to Ukraine for 2023 (macro-financial assistance+) ( OJ L 322, 16.12.2022, p. 1 ).’."

Entry into force

Article 2

1. This Decision shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union . 2. It shall apply from 1 May 2023.

Other acts of the same type

Council Decision 2014/800/CFSP of 17 November 2014 launching the European Union Advisory Mission for Civilian Security Sector Reform Ukraine (EUAM Ukraine) and amending Decision 2014/486/CFSP Council Decision 2014/801/CFSP of 17 November 2014 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine 2014/805/EU: Commission Implementing Decision of 17 November 2014 amending Implementing Decision 2014/366/EU setting up the list of cooperation programmes and indicating the global amount of total support from the European Regional Development Fund for each programme under the European territorial cooperation goal for the period 2014 to 2020 (notified under document C(2014) 8423)2014/819/EU: Commission Implementing Decision of 17 November 2014 concerning the rejection of a request to cancel a name entered in the register of protected designations of origin and protected geographical indications provided for in Regulation (EU) No 1151/2012 of the European Parliament and of the Council [Jihočeská Niva (PGI)] (notified under document C(2014) 8391)Council and Commission Decision (EU, Euratom) 2015/54 of 17 November 2014 on the position to be taken on behalf of the European Union and the European Atomic Energy Community within the Association Council established by the Association Agreement between the European Union and the European Atomic Energy Community and their Member States, of the one part, and Georgia, of the other part, as regards the adoption of decisions of the Association Council on the Rules of Procedure of the Association Council and those of the Association Committee and of Sub-Committees, the establishment of two Sub-Committees, and the delegation of certain powers by the Association Council to the Association Committee in Trade configuration Council and Commission Decision (EU, Euratom) 2015/55 of 17 November 2014 on the position to be taken on behalf of the European Union and the European Atomic Energy Community within the Association Council established by the Association Agreement between the European Union and the European Atomic Energy Community and their Member States, of the one part, and the Republic of Moldova, of the other part, as regards the adoption of decisions of the Association Council on the Rules of Procedure of the Association Council and those of the Association Committee and of Sub-Committees, the establishment of two Sub-Committees and the delegation of certain powers by the Association Council to the Association Committee in Trade configuration 2014/792/EU: Commission Decision of 13 November 2014 on the Early Warning System to be used by authorising officers of the Commission and by the executive agencies 2014/789/EU: Council Decision of 10 November 2014 on the conclusion, on behalf of the European Union and its Member States, of the Additional Protocol to the Free Trade Agreement between the European Union and its Member States, of the one part, and the Republic of Korea, of the other part, to take account of the accession of Croatia to the European Union 2014/790/EU: Council Decision of 10 November 2014 on the position to be taken on behalf of the European Union within the Joint Committee established under the Agreement between the European Community and its Member States, of the one part, and the Swiss Confederation, of the other, on the free movement of persons, as regards the amendment of Annex II to that Agreement on the coordination of social security schemes 2014/826/EU: Council Decision of 10 November 2014 on the position to be adopted on behalf of the European Union within the International Maritime Organization during the 94th session of the Maritime Safety Committee on the adoption of amendments to the 2011 Enhanced Survey Programme Code Council Decision (EU) 2015/209 of 10 November 2014 on the signing, on behalf of the European Union, and provisional application of the Agreement for scientific and technological cooperation between the European Union and the Faroe Islands associating the Faroe Islands to Horizon 2020 — the Framework Programme for Research and Innovation (2014-2020)Council Decision 2014/776/CFSP of 7 November 2014 amending Decision 2010/413/CFSP concerning restrictive measures against Iran

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

What to look at next

Browse all EU Legal ActsEvery instrument by type and year, full text free to read section by sectionEuropean Union legislation EU Legal Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year European Union: what this database coversWhich datasets are here, which official source they come from, and how current they areEuropean Union overview