REGULATION (EU) 2021/378 OF THE EUROPEAN CENTRAL BANK
of 22 January 2021
on the application of minimum reserve requirements (recast)
(ECB/2021/1)
Article 1
Subject matter and scope
Article 2
Definitions
Article 3
Reserve holdings
Article 4
Exemptions from minimum reserve requirements
Article 5
Reserve base
Article 6
Calculation of minimum reserves
Article 7
Notification of minimum reserves
Article 8
Maintenance period
Article 9
Remuneration
Rt |
= |
remuneration to be paid on holdings of minimum reserves for the maintenance period t; |
Ht |
= |
average daily holdings of minimum reserves for the maintenance period t; |
nt |
= |
number of calendar days in the maintenance period t; |
rt |
= |
rate of remuneration on holdings of minimum reserves for the maintenance period t; standard rounding of the rate of remuneration to two decimals shall be applied; |
i |
= |
ith calendar day of the maintenance period t; |
MRi |
= |
marginal interest rate for the most recent main refinancing operation settled on or before calendar day i. |
Article 10
Indirect holding of minimum reserves through an intermediary
Article 11
Aggregated reporting of the reserve base
Article 12
Mergers and divisions
Article 13
Delegation of powers in the event of adoption of the euro
Article 14
Verification
Article 15
Repeal
Article 16
Final provisions
ANNEX I
Repealed Regulation with list of the successive amendments thereto
ANNEX II
Correlation table
Regulation (EC) No 1745/2003 |
This Regulation |
Article 1 |
Article 2 |
Article 2(1) |
Article 1 |
Article 2(2), first subparagraph |
Article 4(1) |
Article 2(2), second subparagraph |
Article 4(2), 4(3) |
Article 2(3) |
Article 3(3) |
— |
Article (3)(1)(d) and Article 3(4) |
Article 3(1) |
Article 5(1) |
Article 3(2) |
Article 5(2) |
Article 3(2a), first subparagraph |
Article 5(3) |
Article 3(2a), second subparagraph |
Article 5(4) |
— |
Article 5(5) |
Article 3(3) |
Article 5(6) |
Article 3(4) |
Article 5(7) |
Article 4(1) |
Article 6(1)(a) |
Article 4(2) |
Article 6(1)(b) |
Article 5(1) |
Article 6(1), introductory sentence and Article 6(3) |
Article 5(2) |
Article 6(2) |
Article 5(3) |
Article 7(1) to (5) |
Article 5(4) |
Article 7(6) |
Article 5(5) |
Article 7(7) |
Article 6(1), first and second sentences |
Article 3(1)(b) |
Article 6(1), third sentence |
Article 3(1)(c) |
Article 6(2) |
Article 3(1)(a) |
Article 6(3) |
Article 3(2) |
Article 7 |
Article 8 |
Article 8 |
Article 9 |
Article 9 |
Article 14(1) |
Article 10(1) and (2) |
Article 10(1) and (2), 10(5) |
Article 10(3) |
Article 10(6) and (10) |
Article 10(4) |
Article 10(7) and Article 10(9)(a) and (c) |
Article 10(5) |
Article 10(9)(b) |
— |
Article 10(4) to (5) and (8) |
Article 10(6) |
Recital 5, Article 14(2) |
Article 11 |
Article 11 |
Article 12 |
— |
Article 13 |
Article 12 |
Article 13a |
Article 13 |
Article 14 |
Article 15 |
— |
|
Article 15 |
Article 16 |
— |
Annexes I and II |