Guideline of the European Central Bank of 16 December 2004 amending Guideline ECB/2004/13 on the Eurosystem’s provision of reserve management services in euro to non-European Union central banks, countries outside the European Union and international organisations (ECB/2004/20) (2004/916/EC)
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Address https://gelex.eu/eli/EU/act/o/2004/20@2004-12-16/en
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank and in particular Article 12(1), Article 14(3) and Article 23 thereof,
Whereas:
(1) The customers to whom Eurosystem reserve management services can be provided under Guideline ECB/2004/13 are non-European Union (non-EU) countries, non-EU central banks or monetary authorities, and international organisations.
(2) In view of recent developments and after further assessment, the Governing Council considers it useful to broaden the definition of customer also to include the Member States that have not adopted the euro and their national central banks (NCBs). Guideline ECB/2004/13 should therefore be amended accordingly.
(3) In accordance with Article 12(1) and Article 14(3) of the Statute, ECB guidelines form an integral part of Community law,
HAS ADOPTED THIS GUIDELINE:
Article 1
Guideline ECB/2004/13 is amended as follows:
1. Guideline of the European Central Bank of 1 July 2004 on the Eurosystem’s provision of reserve management services in euro to central banks and countries located outside the euro area and to international organisations (ECB/2004/13). The title is replaced by the following:
2. Article 1 is amended as follows:
(a) the first indent is replaced by the following: all types of banking transactions shall include the provision of Eurosystem reserve management services to central banks and countries located outside the euro area and to international organisations in connection with the management of the reserves of such central banks, countries and international organisations,;
(b) the fourth indent is replaced by the following: customer shall mean any country (including any public authority or government agency), any central bank or monetary authority located outside the euro area, or any international organisation to which Eurosystem reserve management services are provided by a Eurosystem member,;
(c) the last indent is deleted.
Article 2 Entry into force
This Guideline shall enter into force on 22 December 2004.
Article 3 Addressees
This Guideline is addressed to the NCBs of the Member States that have adopted the euro.
Done at Frankfurt am Main, 16 December 2004. For the Governing Council of the ECB The President of the ECB Jean-Claude Trichet