(8)Consultations in the context of the Working group on euro risk-free rates also pointed out that replacing references to EONIA in contracts by means of contractual renegotiation has often been hampered by the volume of contracts that do not reach maturity before EONIA’s end date of 3 January 2022, and by the difficulty of obtaining consent from all parties in each and every contract. That explains the amount of contracts that still reference EONIA. Considering that situation, and considering the data reported by members of the Working group on euro risk-free rates, it should be ensured that any contract or financial instrument still referencing EONIA as of the date of its cessation is falling under this implementing regulation, and under the scope of the statutory replacement measure.