Changes from report parliamentary committee draft to plenary report

Added(3d) Where a credit institution incorporated outside the euro area already has natural persons as clients who are resident in a Member State whose currency is the euro, that credit institution should be able to provide them with basic digital euro payment services. The requirements that should cumulatively be met for that purpose are (i) the credit institution should already provide digital euro payment services related, at least, to the access and use of the digital euro, the initiation and reception of digital euro payment transactions and the management of digital euro payment accounts; (ii) the credit institution should provide those digital euro payment services for three consecutive years to at least 400 000 natural persons residing in the euro area or to at least 5 % of the resident population in a single Member State whose currency is the euro; and (iii) the clients to which the basic digital euro payment services are provided should not have another payment account that provides mandatory digital euro payment services. As an alternative to providing basic digital euro payment services, the credit institution should be able to offer its clients the possibility to request those services from one of its branches or subsidiaries located in a Member State whose currency is the euro.

RemovedArticle 6 – paragraph 1: For the purposes of supervising the application of Chapters IV, V and VII of the Regulation (EU) .../...+ the competent authorities referred to in Article 4(1) shall, where relevant, cooperate with the European Central Bank. / + OJ: Please insert in the text the number of the Regulation contained in document PE-CONS .../... (2023/0212(COD)).

Added(3e) Notwithstanding the obligation in principle to join the euro area once the convergence criteria established in Article 140 of the Treaty on the Functioning of the European Union are met, Member States whose currency is not the euro should monitor the effects of the use of the digital euro alongside their national currency and, if appropriate and necessary having regard to their corresponding report, take limited measures.

RemovedRegulation (EU) 2021/1230

Added(4) Payment service providers incorporated in Member States whose currency is not the euro should apply the same rules as payment service providers incorporated in Member States whose currency is the euro for the purposes of distributing the digital euro, including the rules on the mandatory acceptance of the digital euro. That is essential in order to ensure that the distribution of the digital euro by all payment service providers incorporated in the Union takes place in a uniform manner.

RemovedArticle 7 – paragraph 1, Article 2 – point 10: In Article 2 of Regulation (EU) 2021/1230 of the European Parliament and of the Council, point 10 is replaced by the following: “‘funds’ means central bank money issued for retail use, scriptural money or electronic money.

Added(5) The provision of digital euro payment service by payment services providers incorporated in Member States whose currency is not the euro, should be subject to the same supervisory standards than those applied to payment service providers incorporated in Member States whose currency is the euro. For that purpose, the relevant provisions of Directive (EU) 2015/2366 of the European Parliament and the Council, as replaced by Directive (EU) [please insert reference – proposal for a Directive on payment services and electronic money services in the internal market – COM/2023/366 final], Directive (EU) 2015/843 as replaced by Directive (EU) [please insert reference – proposal for Anti-Money Laundering Directive - COM/2021/423 final] should apply to the supervision by competent authorities and the sanctions regime and supervisory arrangements between the competent authorities of the home Member States and of the host Member States, concerning provision of digital euro payment service by payment service providers established in Member States whose currency is not the euro.