Decision (EU) 2021/1815 of the European Central Bank of 7 October 2021 on the met... (32021D1815)
Decision (EU) 2021/1815 of the European Central Bank of 7 October 2021 on the methodology applied for the calculation of sanctions for non-compliance with the requirement to hold minimum reserves and related minimum reserve requirements (ECB/2021/45)
- DECISION (EU) 2021/1815 OF THE EUROPEAN CENTRAL BANK
- of 7 October 2021
- on the methodology applied for the calculation of sanctions for non-compliance with the requirement to hold minimum reserves and related minimum reserve requirements (ECB/2021/45)
- Article 1
- Subject matter
- Article 2
- Methodology applied for calculation of sanctions for failure to hold minimum reserves
- Article 3
- Methodology applied for calculation of sanctions for failure to comply with notification requirements in relation to minimum reserves
- Article 4
- Entry into force
- ANNEX I
- Formula and method for calculating a sanction pursuant to Article 7(1) of Regulation (EC) No 2531/98
- ANNEX II
- Formula and method for calculating a sanction pursuant to Article 7(3) of Regulation (EC) No 2531/98 for a failure to comply with the requirement to notify the relevant national central bank of any restrictions that would prevent an institution from liquidating, transferring, assigning or disposing of its funds held in minimum reserve pursuant to the second subparagraph of Article 3(1) of Regulation (EU) 2021/378 (ECB/2021/1)
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