Changes from report parliamentary committee draft to plenary report

Added3. A credit institution incorporated in a Member State whose currency is not the euro that is subject to the obligations set out in paragraph 2 may, for the purpose of fulfilling those obligations, refer clients who are entitled to receive the services referred to in that paragraph and who request those services, to a branch or subsidiary of that credit institution located in a Member State whose currency is the euro. Such referral shall be deemed to fulfil the obligations set out in paragraph 2.

Added4. A credit institution incorporated in a Member State whose currency is not the euro that fulfilled the conditions set out in paragraph 2 but which has not fulfilled those conditions for three consecutive years shall not be required to provide a new client, who is a natural person as referred to in Article 13(1), point (a) of Regulation (EU) .../...*, upon that client’s request, with the basic digital euro payment services referred to in Annex II to that Regulation.

AddedClients who already hold a digital euro payment account with the credit institution concerned shall retain the right to continue receiving the basic digital euro payment services referred to in Annex II to Regulation (EU) .../...**.

AddedProvision of digital euro acquiring services

AddedPayment service providers incorporated in a Member State whose currency is not the euro shall comply with Article 14(1a) of Regulation (EU) .../...*** in respect of their clients established in Member States whose currency is the euro who are payees subject to the mandatory acceptance of the digital euro within the meaning of Article 7(3) of that Regulation, insofar as those payment service providers already provide those clients with acquiring services for comparable means of payment.

AddedAssessment of potential impact on national currency usage

AddedMember States whose currency is not the euro shall each designate a competent authority to monitor and assess the potential impact of the use of the digital euro on its national currency.

AddedCompetent authorities designated pursuant to the first subparagraph shall report to the Commission and to the European Central Bank every three years.

AddedWhere the digital euro is used in a Member State whose currency is not the euro alongside its national currency (‘euroisation’) and such use exceeds 10 % of cross-border retail payments in that Member State, the report referred to in the second subparagraph of this paragraph shall include a recommendation to temporarily suspend, for a period of six months, the application of Article 3(1), third subparagraph.

Added1. Without prejudice to the provisions of this Regulation, the requirements laid down in Article 13, ▌Chapter V, Article 18, Chapter VII, Chapter VIII and Chapter IX of Regulation (EU) .../...* shall be applicable to payment service providers incorporated within the territory of Member States whose currency is not the euro that provide digital euro payment services in accordance with Article 3(1) and (2) of this Regulation.

AddedThe requirement laid down in Article 33 of Regulation (EU) .../...** shall be applicable to original equipment manufacturers of mobile devices and providers of electronic communication services within the meaning of Article 2(1) of Directive (EU) 2018/1972 established in Member States whose currency is not the euro.

Added2. In accordance with Article 4(25) of Directive (EU) 2015/2366▌, the provisions of that Directive shall apply to payment transactions in digital euro.

Added3. In accordance with Article 2(10) of Regulation (EU) 2021/1230 ▌, the provisions of that Regulation shall apply to payment transactions in digital euro.

Added4. Without prejudice to Articles 37 of Regulation .../...***, Regulation (EU) 2023/1113 and Directive (EU) 2015/849 of the European Parliament and of the Council ▌shall apply with respect to the digital euro.

Added1. Directive (EU) 2015/2366 of the European Parliament and of the Council shall 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 the activities of payment service providers established in Member States whose currency is not the euro in relation to the digital euro for the purposes of applying this Regulation and the obligations referred to in Chapters IV, V, VI and VII of Regulation (EU) .../...****.

Added2. Directive (EU) 2015/849 shall 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 the activities of payment service providers incorporated in Member States whose currency is not the euro established in relation to the digital euro for the purpose of applying this Regulation and the obligations contained in Chapter IX of Regulation (EU) .../...*.

AddedFor the purposes of supervising the application of Chapters IV, V and VII of Regulation (EU) .../...** the competent authorities referred to in Article 5(1) shall, where appropriate, cooperate with the European Central Bank.

AddedAmendment to Regulation (EU) No 910/2014

AddedIn Article 5a(7) of Regulation (EU) No 910/2014, the following subparagraph is added:

Added“Where a provider of a European Digital Identity Wallet allows for the integration and use of payment instruments, that provider shall ensure effective interoperability and provide fair, reasonable, and non-discriminatory access to payment service providers distributing the digital euro, including to the European Digital Identity Wallet’s hardware and software features that are essential for the secure processing and execution of online and offline digital euro payment transactions via that European Digital Identity Wallet.”

AddedIn Article 2 of Regulation (EU) 2021/1230 of the European Parliament and of the Council, point (10) is replaced by the following:

Added“(10) ‘funds’ means central bank money issued for retail use, scriptural money or electronic money;”.

AddedThis Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

AddedThis Regulation shall be binding in its entirety and directly applicable in the Member States in accordance with the Treaties.

AddedDone at Brussels,

AddedFor the European Parliament For the Council

AddedThe President The President