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Article 1 - Amendments

Article 1
Amendments

Decision (EU) 2022/1982 (ECB/2022/34) is amended as follows:

1)

Article 4 is replaced by the following: ‘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.’;

2)

Annex I is replaced by Annex I to this Decision;

3)

Annex II is amended in accordance with Annex II to this Decision.

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