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Decision (EU) 2023/2795 of the European Central Bank of 4 December 2023 amending Decision (EU) 2022/1982 on the use of services of the European System of Central Banks by competent authorities and by cooperating authorities (ECB/2022/34) (ECB/2023/29)

CELEX
32023D2795
Document type
DEC
Sector
Legislation
Date of document
2023-12-04
In force since
2024-01-03
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 4 Financial arrangements

1 Participating central banks and participating competent authorities shall bear the costs of developing and operating the respective ESCB service in accordance with a defined reimbursement framework, which is based on a cost allocation key, as further specified in the respective financial envelopes following the applicable reimbursement rules. Where relevant, cooperating authorities shall contribute to the costs of the respective ESCB service in accordance with a specific reimbursement framework.

2 By derogation from paragraph 1, competent authorities that use the Centralised Securities Database (CSDB) and/or the Securities Holdings Statistics Database (SHSDB) shall not be required to contribute to the costs of developing and operating the CSDB and/or the SHSDB, as applicable, where those costs are incurred before 1 July 2023 for the SHSDB and before 1 January 2024 for the CSDB, respectively.’

Article 2 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.

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