Article 1 Amendments

Decision (EU) 2016/2247 (ECB/2016/35) is amended as follows:

1. 1..

   Article 8 is replaced by the following:

   ‘Provision for financial risks

   Article 8

   Taking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for financial risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposure.’;

2. 2..

   Article 11 is replaced by the following:

   ‘Marketable equity shares

   Article 11

   Marketable equity shares shall be accounted for in accordance with Article 11 of Guideline (EU) 2016/2249 (ECB/2016/34).’;

3. 3..

   The following Article 11a is inserted:

   ‘Marketable investment funds

   Article 11a

   Marketable investment funds shall be accounted for in accordance with Article 11a of Guideline (EU) 2016/2249 (ECB/2016/34).’;

4. 4..

   Annex I is replaced by Annex I to this Decision.;

5. 5..

   Annex III is replaced by Annex II to this Decision.