# Decision (EU) 2020/1264 of the European Central Bank of 8 September 2020 amending Decision (EU) 2019/1743 of the European Central Bank on the remuneration of holdings of excess reserves and of certain deposits (ECB/2020/38), Introduction: Introductory text

Extent: E+W+S+N.I.

Decision (EU) 2020/1264 of the European Central Bank
of 8 September 2020
amending Decision (EU) 2019/1743 of the European Central Bank on the remuneration of holdings of excess reserves and of certain deposits (ECB/2020/38)
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 and Articles 17 to 19 thereof,
Whereas:
(1)
The Governing Council considers that the funds mandatorily deposited with the ECB for the purpose of repaying financial assistance under Council Regulation (EU) 2020/672 should be exempt from negative interest rates.
(2)
Therefore, Decision (EU) 2019/1743 (ECB/2019/31) should be amended accordingly,
HAS ADOPTED THIS DECISION:

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Source: https://www.legislation.gov.uk/eudn/2020/1264/introduction (the official version)
Page: https://openlegislation.uk/eu-decision-2020-1264/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.