{
  "url": "https://openlegislation.uk/eu-regulation-2003-1745/article-13a",
  "json_url": "https://openlegislation.uk/eu-regulation-2003-1745/article-13a.json",
  "legislation": "eur/2003/1745",
  "legislation_title": "Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2003-1745",
  "path": "article/13a",
  "kind": "article",
  "number": "13a",
  "heading": "Euro area enlargement",
  "text": "1. The ECB’s Governing Council delegates power to the ECB’s Executive Board to decide, in cases when a Member State adopts the euro in accordance with the Treaty on the following matters, after taking into consideration the views of the Market Operations Committee of the ESCB, as applicable:\n(a) the dates of the transitional maintenance period for the application of minimum reserve requirements to institutions located in that Member State, with the initial date being the date of the adoption of the euro in that Member State;\n(b) the manner of calculation of the reserve base for the purposes of determining the level of minimum reserves required to be held by institutions located in the Member State adopting the euro during the transitional maintenance period taking into account the ECB’s reporting framework for money and banking statistics as laid down in Regulation (EU) No 1071/2013 (ECB/2013/33) ; and\n(c) the time limit by which the calculation and verification of the minimum reserves is to be carried out by the institutions located in the Member State adopting the euro and their national central bank in respect of the transitional maintenance period.\nThe Executive Board shall publish a statement on its decision at least two months before the date of the adoption of the euro in that Member State.\n2. The Governing Council of the ECB further delegates to the Executive Board of the ECB the power to authorise institutions located in other participating Member States to deduct from their reserve base for the maintenance periods coinciding with and succeeding the transitional maintenance period any liabilities owed to institutions located in the Member State adopting the euro even though at the time the minimum reserves are calculated such institutions do not appear on the list of institutions subject to reserve requirements in Article 2(3). In this event, the decisions issued by the Executive Board of the ECB under this paragraph may further specify the manner in which the deduction of such liabilities shall be carried out.\n3. Any decision issued by the Executive Board under paragraphs 1 and 2 shall be promptly notified to the Governing Council of the ECB, and the Executive Board of the ECB shall abide by any decision adopted by the Governing Council of the ECB thereon.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Regulation (EC) No 1052/2008 of the European Central Bank of 22 October 2008 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2008/10)."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Deleted by Regulation (EU) 2016/1705 of the European Central Bank of 9 September 2016 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2016/26)."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Substituted by Regulation (EU) No 1376/2014 of the European Central Bank of 10 December 2014 amending Regulation (EC) No 1745/2003 on the application of minimum reserves (ECB/2003/9) (ECB/2014/52)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2003/1745/article/13a",
    "retrieved_at": "2026-11-01T14:55:54.674394+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}