Changes from report parliamentary committee draft to plenary report

RemovedArticle 40 – paragraph 3 – point b: (b) liquidity requirements laid down in Regulation (EU) 575/2013.

Added1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a), credit institutions that provide payment services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall notify their clients of the availability of digital euro and provide them, upon request,▌ with all basic digital euro payment services as referred to in Annex II.

RemovedArticle 40 – paragraph 4– point b: (b) the number of digital euro accounts which have been opened and offline digital euro devices distributed;

Added1a. For the purpose of distributing the digital euro to legal persons referred to in Article 13(1) or to natural persons acting as self-employed persons in a commercial activity, to whom the obligation to accept the digital euro pursuant to Chapter III of this Regulation applies, payment service providers shall, upon request of their clients, provide the mandatory digital euro acquiring services referred to in Annex IIa to this Regulation provided that they already provide acquiring services in accordance with Directive (EU) 2015/2366 for comparable means of payment.

RemovedArticle 40 – paragraph 4– point d: (d) the number of digital euro payment accounts that have been opened by payment service providers referred to in Article 14(2) and (3);

Added2. For natural persons referred to in Article 13(1)(a) that do not hold a non-digital euro account, Chapter IV of Directive (EU) 2014/92 on access to payment account with basic features shall apply, with the exception of Articles 17 and 18, to the access to digital euro account with basic services by consumers.

RemovedArticle 40 – paragraph 4 – subparagraph 2: (e) the proportion of applications that have been refused by payment service providers referred to in Article 14(2).

Added3. Member States shall designate one or more public payment service providers, and may designate one or more payment service providers, following a public procurement procedure to:

RemovedArticle 41 – paragraph 3: 3. By three years from the first issuance of the digital euro, the Commission shall submit to the European Parliament and to the Council a report on whether there is a sufficient and effective access to and acceptance of the digital euro in the euro area.

Added(a) provide the basic digital euro payment services listed in Annex II to natural persons referred to in Article 13(1)(a) that do not hold, or do not wish to hold a non-digital euro payment account;

RemovedArticle 41 – paragraph 3 a (new): 3a. By three years from the first issuance of the digital euro, the Commission shall submit a report on the effective use of the digital euro to the European Parliament and to the Council .

Added(b) provide the basic digital euro payment services listed in Annex II and provide digital inclusion support services ▌ to persons with disabilities, functional limitations or limited digital skills, and to the elderly ▌.

RemovedAnnex I: Offline digital euro payment services / Offline digital euro payment services consist of: / (a) enabling offline digital euro users to access and use the digital euro, without prejudice to possible limitations set by the Commission in accordance with Articles 16 and 37; / (b) enabling digital euro users to initiate and receive offline digital euro payment transactions; / (c) providing, maintaining and life-cycle management of offline digital euro devices including secure distribution and updates to the software controlling the secure element;

AddedMember States may, by mutual agreement, designate an authority in another Member State to act as the authority providing the services referred to in the first subparagraph of this paragraph to their citizens, provided that those citizens are granted the same conditions and the same ease of access as they would receive if the authority were established in their own Member State.

RemovedAnnex I a (new): ANNEX Ia / Online digital euro payment services / Online digital euro payment services consist of: / (a) enabling online digital euro users to access and use the digital euro, without prejudice to possible limitations set by the Commission in accordance with Article 16; / (b) enabling online digital euro users to initiate and receive digital euro payment transactions and providing digital euro users with digital euro payment instruments; / (c) managing digital euro users’ online digital euro payment accounts; / (d) conducting funding and defunding operations in accordance with Article 13; and / (e) providing additional online digital euro payment services on top of basic digital euro payment services pursuant to Annex IIa.

Added4. ▌For the purpose of paragraph 3 ▌ digital inclusion support services shall be provided on-site and comprise a dedicated in-person assistance for onboarding to a digital euro payment account and make use of all basic digital payment euro services listed in Annex II.

RemovedAnnex II: Basic offline digital euro payment services / Basic offline digital euro payment services for natural persons shall consist of: / (deleted) / (aa) providing front-end services through an ECB interface; / (ab) regularly updating the ECB’s software for offline digital euro devices; / (b) consulting balances; / (c) manual funding and defunding from a non-digital euro account; / (ca) automatic defunding to a non-digital euro account for merchants; / (cb) funding and defunding from/into an online digital euro account; / (e) initiation and reception of offline digital euro payment transactions: / – person-to-person people offline digital euro payment transactions; / – point-of-interaction offline digital euro payment transactions, including point-of-sale and e-commerce; / (deleted) / (deleted) / (deleted) / (deleted) / (ga) providing, maintaining and life-cycle managing offline digital euro devices including provisioning, secure distribution, updates to the software controlling the secure element in compliance with the technical and security standards set or certified by the European Central Bank.

Added5. Within one year from the entry into force of this Regulation, after consulting all relevant stakeholders, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) and the European Banking Authority shall jointly develop draft regulatory standards specifying the interaction between AML/CFT requirements and the provision of basic digital euro payment services with a particular focus on financial inclusion of vulnerable groups. ▌Those draft regulatory standards shall reflect the intrinsic distinctive AML/CFT risk profiles of basic digital euro payment services.

RemovedAnnex II a (new): ANNEX IIa / Basic online digital euro payment services / Basic online digital euro payment services for natural persons shall consist of: / (a) opening, holding and closing of a digital euro payment account; / (b) providing front-end services through an ECB interface; / (c) regularly updating the ECB’s software for digital euro users; / (d) consulting balances and transactions; / (e) automatic funding and defunding online digital euro payment accounts held within the same payment services provider from a non-digital euro payment account; / (f) non-automated funding and defunding from a non-digital euro payment account; / (g) funding and defunding from/into an offline digital euro account; / (h) funding and defunding from/into cash; / (i) initiation and reception of online digital euro payment transactions by means of an electronic payment instrument, to the exclusion of conditional digital euro payment transactions other than standing orders, in the following use cases: / – person-to-person people digital euro payment transactions; / – point-of-interaction digital euro payment transactions, including point-of-sale and e-commerce; / (j) digital euro payment transactions referred to in Article 13(4); and; / (k) provision of at least one electronic payment instrument for the execution of digital euro payment transactions such as referred to in point (e).

AddedPower is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.

RemovedAnnex III point 2 point iii: (iii) information on online digital euro payment accounts, including the unique digital euro payment account number; and

Added5 a. Two years after the first issuance of the digital euro and every three years thereafter, the Commission shall present a report to the European Parliament and the Council analysing the distribution of the digital euro by payment service providers.

RemovedAnnex III point 3 point i: (i) the user identifier, including the name of the offline digital euro device holders; and

AddedThe report shall, inter alia, include:

RemovedAnnex III point 3 point ii: (ii) information on the offline digital euro device, including the identifier of the offline digital euro device.

Added(a) the level of distribution of the digital euro among citizens, including the number of digital euro payment accounts opened;

RemovedAnnex IV point 1 point i: (i) information on online digital euro payment accounts, including the unique digital euro payment account number; and

Added(b) the categories of payment service providers distributing the digital euro;

RemovedAnnex IV point 3: 3. For the purpose of point (c) of Article 35(1), processing shall be limited to the data required for counterfeit analysis of offline digital euro payment transactions: information on the offline digital euro device, including the offline digital euro device number.

Added(c) any disparities in distribution levels between Member States;

RemovedAnnex V point i: (i) information on online digital euro payment accounts, including the unique digital euro account identifier;

Added(d) Considerations for improving accessibility and ease of use for citizens when opening a digital euro account.