Introductory text

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in particular the first indent of Article 127(2) thereof,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular the first indent of Article 3.1, Article 12.1, Article 18 and the second indent of Article 34.1 thereof,

Having regard to Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem^f1, and in particular Section 1.6 and Sections 6.3.1 and 6.3.2 of Annex I thereto,

Whereas:

The content of Decisions ECB/2013/22^f2 and ECB/2013/36^f3 should be included in Guideline ECB/2013/4^f4, the core legal act governing temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.

In the interest of clarity and consistency and with a view to simplifying the Eurosystem collateral framework, these steps are implemented by way of a recast of Guideline ECB/2013/4.

Decisions ECB/2013/22 and ECB/2013/36 should therefore be repealed,

HAS ADOPTED THIS DECISION: