Article 1, Point (1) · Commission Implementing Decision (EU, Euratom) 2025/363

Contents

(1) in Article 2, the following point (17) is added:
(2) in Article 4(2), the second subparagraph is replaced by th…
(3) in Article 7(1), point (c) is replaced by the following:
(4) in Article 8(4), the first sentence is replaced by the fol…
(5) in Article 12(2), points (c) and (d) are replaced by the f…
(6) Article 18 is replaced by the following: ‘The financial ri…
(7) Article 19 is deleted;
(8) Articles 20 and 21 are deleted;
(9) Articles 22 and 23 are deleted.

(1)in Article 2, the following point (17) is added:

(17)‘non-competitive auction allocation’ means the issuance process whereby amounts of the Union and Euratom debt securities additional to the auctioned amounts are allocated to members of the primary dealer network established under Commission Decision (EU) 2023/1602^note participating in the auction based on a set price, within a set period of time following an auction and by using, as appropriate, an auction platform to carry out the allocation.

^note