Contents
- 1. In derogation from Article 8 of Regulation (EU) 2021/378 (…
- 2. The reserve base of each institution located in Bulgaria,…
- 3. The reserve base of each tail institution located in Bulga…
- 4. In respect of the transitional maintenance period, either…
- 5. Article 3(2) to (4) shall apply mutatis mutandis to instit…
5.Article 3(2) to (4) shall apply mutatis mutandis to institutions located in Bulgaria so that these institutions may, for their initial maintenance periods, deduct from their reserve bases any liabilities owed to institutions in Bulgaria, although at the time the minimum reserves are calculated such institutions will not appear on the list of institutions subject to minimum reserve requirements referred to in Article 3(3) of Regulation (EU) 2021/378 (ECB/2021/1).
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