Retained EU Law SI 2003/1745 United Kingdom

Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9)

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person1

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2684 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art006 Reserve holdings Regulated
  • Maintain minimum reserves with the national central bankAny Person
s.art009 Responsibility for verification Regulated
Other duties (1) — Crown / regulator
  • National central banks must verify reserve compliance informationStatutory regulator
s.art012 NCB business days Regulated
Other duties (1) — Crown / regulator
  • Participating NCB must notify institutions when local holidays close branchesStatutory regulator
13 other provisions — procedural and definitional
s.art001 Definitions
s.art002 Institutions subject to reserve requirements
s.art003 Reserve base
s.art004 Reserve ratios
s.art005 Calculation and notification of minimum reserves
s.art007 Maintenance period
s.art008 Remuneration
s.art010 Indirect holding of minimum reserves through an intermediary
s.art011 Reserve holding on a consolidated basis
s.art013 Mergers and divisions
s.art013 Euro area enlargement
s.art014 Transitional provisions
s.art015 Final provisions

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.