Regulation 117 Article 119 (exposures to institutions)

In Article 119 (exposures to institutions), in paragraph 4—

(a)

in the first sub-paragraph—

(i)

for “the ECB or by the central bank of a Member State” substitute “the Bank”;

(ii)

for “the central bank of the Member State in question” substitute “the Bank”;

(b)

for point (a) substitute—

“(a)
the reserves are held in accordance with national requirements which are, in all material respects, equivalent to those in Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003;”^f1.

Annotations

Footnotes

f1: Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves.