# Official Journal C 22/2015

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 22 |
| | |
| English edition | Information and Notices | Volume 5823 January 2015 |

ISSN 1977-091X

Official Journal

of the European Union

C 22

English edition

Information and Notices

Volume 5823 January 2015

---

| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2015/C 022/01 | Non-opposition to a notified concentration (Case M.7472 — Rhône Capital/Goldman Sachs/Neovia) (
  1
  ) | 1 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2015/C 022/01

Non-opposition to a notified concentration (Case M.7472 — Rhône Capital/Goldman Sachs/Neovia) (
  1
  )

1

1

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2015/C 022/02 | Euro exchange rates | 2 |
| 2015/C 022/03 | Commission notice concerning the date of application of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin or the protocols on rules of origin providing for diagonal cumulation between the Contracting Parties to this Convention | 3 |
| | European Systemic Risk Board |
| 2015/C 022/04 | Decision of the European Systemic Risk Board of 16 September 2014 on the extension of certain deadlines set by Recommendation ESRB/2012/2 on funding of credit institutions (ESRB/2014/4) | 8 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2015/C 022/02

Euro exchange rates

2

2015/C 022/03

Commission notice concerning the date of application of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin or the protocols on rules of origin providing for diagonal cumulation between the Contracting Parties to this Convention

3

European Systemic Risk Board

2015/C 022/04

Decision of the European Systemic Risk Board of 16 September 2014 on the extension of certain deadlines set by Recommendation ESRB/2012/2 on funding of credit institutions (ESRB/2014/4)

8

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2015/C 022/05 | Decision to close the formal investigation procedure after withdrawal by Member State — State aid — Italy (Articles 107 to 109 of the Treaty on the Functioning of the European Union) — Commission notice pursuant to Article 108(2) of the TFEU — Withdrawal of notification — State aid SA.33424 (12/C) (ex 11/N) — Integrated project CCS Sulcis (
  1
  ) | 11 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2015/C 022/05

Decision to close the formal investigation procedure after withdrawal by Member State — State aid — Italy (Articles 107 to 109 of the Treaty on the Functioning of the European Union) — Commission notice pursuant to Article 108(2) of the TFEU — Withdrawal of notification — State aid SA.33424 (12/C) (ex 11/N) — Integrated project CCS Sulcis (
  1
  )

1

11

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| | |
| --- | --- |
| | (1)   Text with EEA relevance |

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(1)   Text with EEA relevance

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 23.1.2015 | EN | Official Journal of the European Union | C 22/1 |
| --- | --- | --- | --- |

23.1.2015

EN

Official Journal of the European Union

C 22/1

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Non-opposition to a notified concentration

(Case M.7472 — Rhône Capital/Goldman Sachs/Neovia)

(Text with EEA relevance)

(2015/C 22/01)

On 16 January 2015, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in the English language and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32015M7472. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32015M7472. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 23.1.2015 | EN | Official Journal of the European Union | C 22/2 |
| --- | --- | --- | --- |

23.1.2015

EN

Official Journal of the European Union

C 22/2

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Euro exchange rates (1)

22 January 2015

(2015/C 22/02)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1618 |
| JPY | Japanese yen | 136,70 |
| DKK | Danish krone | 7,4454 |
| GBP | Pound sterling | 0,76440 |
| SEK | Swedish krona | 9,4405 |
| CHF | Swiss franc | 0,9943 |
| ISK | Iceland króna | |
| NOK | Norwegian krone | 8,8310 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 27,900 |
| HUF | Hungarian forint | 315,56 |
| PLN | Polish zloty | 4,2997 |
| RON | Romanian leu | 4,5023 |
| TRY | Turkish lira | 2,7128 |
| AUD | Australian dollar | 1,4299 |
| CAD | Canadian dollar | 1,4353 |
| HKD | Hong Kong dollar | 9,0074 |
| NZD | New Zealand dollar | 1,5344 |
| SGD | Singapore dollar | 1,5479 |
| KRW | South Korean won | 1 259,38 |
| ZAR | South African rand | 13,3367 |
| CNY | Chinese yuan renminbi | 7,2144 |
| HRK | Croatian kuna | 7,6985 |
| IDR | Indonesian rupiah | 14 481,47 |
| MYR | Malaysian ringgit | 4,1617 |
| PHP | Philippine peso | 51,373 |
| RUB | Russian rouble | 74,7800 |
| THB | Thai baht | 37,851 |
| BRL | Brazilian real | 2,9955 |
| MXN | Mexican peso | 17,0639 |
| INR | Indian rupee | 71,5192 |

Currency

Exchange rate

USD

US dollar

1,1618

JPY

Japanese yen

136,70

DKK

Danish krone

7,4454

GBP

Pound sterling

0,76440

SEK

Swedish krona

9,4405

CHF

Swiss franc

0,9943

ISK

Iceland króna

NOK

Norwegian krone

8,8310

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

27,900

HUF

Hungarian forint

315,56

PLN

Polish zloty

4,2997

RON

Romanian leu

4,5023

TRY

Turkish lira

2,7128

AUD

Australian dollar

1,4299

CAD

Canadian dollar

1,4353

HKD

Hong Kong dollar

9,0074

NZD

New Zealand dollar

1,5344

SGD

Singapore dollar

1,5479

KRW

South Korean won

1 259,38

ZAR

South African rand

13,3367

CNY

Chinese yuan renminbi

7,2144

HRK

Croatian kuna

7,6985

IDR

Indonesian rupiah

14 481,47

MYR

Malaysian ringgit

4,1617

PHP

Philippine peso

51,373

RUB

Russian rouble

74,7800

THB

Thai baht

37,851

BRL

Brazilian real

2,9955

MXN

Mexican peso

17,0639

INR

Indian rupee

71,5192

---

(1)  Source: reference exchange rate published by the ECB.

---

| 23.1.2015 | EN | Official Journal of the European Union | C 22/3 |
| --- | --- | --- | --- |

23.1.2015

EN

Official Journal of the European Union

C 22/3

---

Commission notice concerning the date of application of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin or the protocols on rules of origin providing for diagonal cumulation between the Contracting Parties to this Convention

(2015/C 22/03)

For the purpose of the application of diagonal cumulation of origin among the Contracting Parties (1) to the Regional Convention on pan-Euro-Mediterranean preferential rules of origin (2) (hereafter referred to as ‘the Convention’), the Parties concerned notify each other, through the European Commission, of the origin rules in force with the other Parties.

Based on these notifications, the tables attached specify the date from which diagonal cumulation becomes applicable.

The dates mentioned in Table 1 refer to:

| — | the date of application of diagonal cumulation on the basis of Article 3 of Appendix I to the Convention, where the free trade agreement concerned refers to the Convention. In that case, the date is preceded by ‘(C)’, |
| --- | --- |

—

the date of application of diagonal cumulation on the basis of Article 3 of Appendix I to the Convention, where the free trade agreement concerned refers to the Convention. In that case, the date is preceded by ‘(C)’,

| — | the date of application of the protocols on rules of origin providing for diagonal cumulation attached to the free trade agreement concerned, in other cases. |
| --- | --- |

—

the date of application of the protocols on rules of origin providing for diagonal cumulation attached to the free trade agreement concerned, in other cases.

It is recalled that diagonal cumulation can only be applied if the Parties of final manufacture and of final destination have concluded free trade agreements, containing identical rules of origin, with all the Parties participating in the acquisition of originating status, i.e. with all the Parties from which materials used originate. Materials originating in a Party which has not concluded an agreement with the Parties of final manufacture and of final destination shall be treated as non-originating. Specific examples are given in the Explanatory Notes concerning the pan-Euro-Mediterranean protocols on rules of origin (3).

The dates mentioned in Table 2 refer to the date of application of the protocols on rules of origin providing for diagonal cumulation attached to the free trade agreements between the EU, Turkey and the participants to the EU’s Stabilisation and Association Process. Each time a reference to the Convention is made in a free trade agreement between Parties in this table, a date preceded by ‘(C)’ has been added in Table 1.

It is also recalled that materials originating in Turkey covered by the EU-Turkey customs union can be incorporated as originating materials for the purpose of diagonal cumulation between the European Union and the countries participating in the Stabilisation and Association Process with which an origin protocol is in force.

The codes for the Contracting Parties listed in the tables are given here below.

| — | European Union | EU |
| --- | --- | --- |
| — | EFTA States: | — | Iceland | IS |
| — | Switzerland (including Liechtenstein) (4) | CH (+ LI) |
| — | Norway | NO |

—

European Union

EU

—

EFTA States:

—

Iceland

IS

—

Switzerland (including Liechtenstein) (4)

CH (+ LI)

—

Norway

NO

—

The Faeroe Islands

FO

—

The participants in the Barcelona Process:

| — | Algeria | DZ |
| --- | --- | --- |
| — | Egypt | EG |
| — | Israel | IL |
| — | Jordan | JO |
| — | Lebanon | LB |
| — | Morocco | MA |
| — | West Bank and Gaza Strip | PS |
| — | Syria | SY |
| — | Tunisia | TN |

—

Algeria

DZ

—

Egypt

EG

—

Israel

IL

—

Jordan

JO

—

Lebanon

LB

—

Morocco

MA

—

West Bank and Gaza Strip

PS

—

Syria

SY

—

Tunisia

TN

—

Turkey

TR

—

The participants in the EU’s Stabilisation and Association Process:

| — | Albania | AL |
| --- | --- | --- |
| — | Bosnia and Herzegovina | BA |
| — | The former Yugoslav Republic of Macedonia | MK (5) |
| — | Montenegro | ME |
| — | Serbia | RS |
| — | Kosovo (6) | KO |

—

Albania

AL

—

Bosnia and Herzegovina

BA

—

The former Yugoslav Republic of Macedonia

MK (5)

—

Montenegro

ME

—

Serbia

RS

—

Kosovo (6)

KO

This notice replaces notice 2014/C 111/05 (OJ C 111, 12.4.2014, p. 7).

Table 1

Date of application of rules of origin providing for diagonal cumulation in the pan-Euro-Med zone

| | | EFTA States | | Participants in the Barcelona Process | | Participants in the EU’s Stabilisation and Association Process |
| --- | --- | --- | --- | --- | --- | --- |
| | EU | CH(+ LI) | IS | NO | FO | DZ | EG | IL | JO | LB | MA | PS | SY | TN | TR | AL | BA | KO | ME | MK | RS |
| EU | | 1.1.2006 | 1.1.2006 | 1.1.2006 | 1.12.2005 | 1.11.2007 | 1.3.2006 | 1.1.2006 | 1.7.2006 | | 1.12.2005 | 1.7.2009 | | 1.8.2006 | (7) | | | | (C)
  1.2.2015 | | (C)
  1.2.2015 |
| CH
  (+ LI) | 1.1.2006 | | 1.8.2005
  (C)
  1.7.2013 | 1.8.2005
  (C)
  1.7.2013 | 1.1.2006 | | 1.8.2007 | 1.7.2005 | 17.7.2007 | 1.1.2007 | 1.3.2005 | | | 1.6.2005 | 1.9.2007 | | (C)
  1.1.2015 | | (C)
  1.9.2012 | | |
| IS | 1.1.2006 | 1.8.2005
  (C)
  1.7.2013 | | 1.8.2005
  (C)
  1.7.2013 | 1.11.2005 | | 1.8.2007 | 1.7.2005 | 17.7.2007 | 1.1.2007 | 1.3.2005 | | | 1.3.2006 | 1.9.2007 | | (C)
  1.1.2015 | | (C)
  1.10.2012 | | |
| NO | 1.1.2006 | 1.8.2005
  (C)
  1.7.2013 | 1.8.2005
  (C)
  1.7.2013 | | 1.12.2005 | | 1.8.2007 | 1.7.2005 | 17.7.2007 | 1.1.2007 | 1.3.2005 | | | 1.8.2005 | 1.9.2007 | | (C)
  1.1.2015 | | (C)
  1.11.2012 | | |
| FO | 1.12.2005 | 1.1.2006 | 1.11.2005 | 1.12.2005 | | | | | | | | | | | | | | | | | |
| DZ | 1.11.2007 | | | | | | | | | | | | | | | | | | | | |
| EG | 1.3.2006 | 1.8.2007 | 1.8.2007 | 1.8.2007 | | | | | 6.7.2006 | | 6.7.2006 | | | 6.7.2006 | 1.3.2007 | | | | | | |
| IL | 1.1.2006 | 1.7.2005 | 1.7.2005 | 1.7.2005 | | | | | 9.2.2006 | | | | | | 1.3.2006 | | | | | | |
| JO | 1.7.2006 | 17.7.2007 | 17.7.2007 | 17.7.2007 | | | 6.7.2006 | 9.2.2006 | | | 6.7.2006 | | | 6.7.2006 | 1.3.2011 | | | | | | |
| LB | | 1.1.2007 | 1.1.2007 | 1.1.2007 | | | | | | | | | | | | | | | | | |
| MA | 1.12.2005 | 1.3.2005 | 1.3.2005 | 1.3.2005 | | | 6.7.2006 | | 6.7.2006 | | | | | 6.7.2006 | 1.1.2006 | | | | | | |
| PS | 1.7.2009 | | | | | | | | | | | | | | | | | | | | |
| SY | | | | | | | | | | | | | | | 1.1.2007 | | | | | | |
| TN | 1.8.2006 | 1.6.2005 | 1.3.2006 | 1.8.2005 | | | 6.7.2006 | | 6.7.2006 | | 6.7.2006 | | | | 1.7.2005 | | | | | | |
| TR | (7) | 1.9.2007 | 1.9.2007 | 1.9.2007 | | | 1.3.2007 | 1.3.2006 | 1.3.2011 | | 1.1.2006 | | 1.1.2007 | 1.7.2005 | | | | | | | |
| AL | | | | | | | | | | | | | | | | | (C)
  1.2.2015 | | (C)
  1.4.2014 | (C)
  1.4.2014 | (C)
  1.4.2014 |
| BA | | (C)
  1.1.2015 | (C)
  1.1.2015 | (C)
  1.1.2015 | | | | | | | | | | | | (C)
  1.2.2015 | | | (C)
  1.2.2015 | (C)
  1.2.2015 | (C)
  1.2.2015 |
| KO | | | | | | | | | | | | | | | | | | | | | |
| ME | (C)
  1.2.2015 | (C)
  1.9.2012 | (C)
  1.10.2012 | (C)
  1.11.2012 | | | | | | | | | | | | (C)
  1.4.2014 | (C)
  1.2.2015 | | | (C)
  1.4.2014 | (C)
  1.4.2014 |
| MK | | | | | | | | | | | | | | | | (C)
  1.4.2014 | (C)
  1.2.2015 | | (C)
  1.4.2014 | | (C)
  1.4.2014 |
| RS | (C)
  1.2.2015 | | | | | | | | | | | | | | | (C)
  1.4.2014 | (C)
  1.2.2015 | | (C)
  1.4.2014 | (C)
  1.4.2014 | |

EFTA States

Participants in the Barcelona Process

Participants in the EU’s Stabilisation and Association Process

EU

CH(+ LI)

IS

NO

FO

DZ

EG

IL

JO

LB

MA

PS

SY

TN

TR

AL

BA

KO

ME

MK

RS

EU

1.1.2006

1.1.2006

1.1.2006

1.12.2005

1.11.2007

1.3.2006

1.1.2006

1.7.2006

1.12.2005

1.7.2009

1.8.2006

(7)

(C)

1.2.2015

(C)

1.2.2015

CH

(+ LI)

1.1.2006

1.8.2005

(C)

1.7.2013

1.8.2005

(C)

1.7.2013

1.1.2006

1.8.2007

1.7.2005

17.7.2007

1.1.2007

1.3.2005

1.6.2005

1.9.2007

(C)

1.1.2015

(C)

1.9.2012

IS

1.1.2006

1.8.2005

(C)

1.7.2013

1.8.2005

(C)

1.7.2013

1.11.2005

1.8.2007

1.7.2005

17.7.2007

1.1.2007

1.3.2005

1.3.2006

1.9.2007

(C)

1.1.2015

(C)

1.10.2012

NO

1.1.2006

1.8.2005

(C)

1.7.2013

1.8.2005

(C)

1.7.2013

1.12.2005

1.8.2007

1.7.2005

17.7.2007

1.1.2007

1.3.2005

1.8.2005

1.9.2007

(C)

1.1.2015

(C)

1.11.2012

FO

1.12.2005

1.1.2006

1.11.2005

1.12.2005

DZ

1.11.2007

EG

1.3.2006

1.8.2007

1.8.2007

1.8.2007

6.7.2006

6.7.2006

6.7.2006

1.3.2007

IL

1.1.2006

1.7.2005

1.7.2005

1.7.2005

9.2.2006

1.3.2006

JO

1.7.2006

17.7.2007

17.7.2007

17.7.2007

6.7.2006

9.2.2006

6.7.2006

6.7.2006

1.3.2011

LB

1.1.2007

1.1.2007

1.1.2007

MA

1.12.2005

1.3.2005

1.3.2005

1.3.2005

6.7.2006

6.7.2006

6.7.2006

1.1.2006

PS

1.7.2009

SY

1.1.2007

TN

1.8.2006

1.6.2005

1.3.2006

1.8.2005

6.7.2006

6.7.2006

6.7.2006

1.7.2005

TR

(7)

1.9.2007

1.9.2007

1.9.2007

1.3.2007

1.3.2006

1.3.2011

1.1.2006

1.1.2007

1.7.2005

AL

(C)

1.2.2015

(C)

1.4.2014

(C)

1.4.2014

(C)

1.4.2014

BA

(C)

1.1.2015

(C)

1.1.2015

(C)

1.1.2015

(C)

1.2.2015

(C)

1.2.2015

(C)

1.2.2015

(C)

1.2.2015

KO

ME

(C)

1.2.2015

(C)

1.9.2012

(C)

1.10.2012

(C)

1.11.2012

(C)

1.4.2014

(C)

1.2.2015

(C)

1.4.2014

(C)

1.4.2014

MK

(C)

1.4.2014

(C)

1.2.2015

(C)

1.4.2014

(C)

1.4.2014

RS

(C)

1.2.2015

(C)

1.4.2014

(C)

1.2.2015

(C)

1.4.2014

(C)

1.4.2014

Table 2

Date of application of the protocols on rules of origin providing for diagonal cumulation between the European Union, Albania, Bosnia and Herzegovina, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey

| | EU | AL | BA | MK | ME | RS | TR |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EU | | 1.1.2007 | 1.7.2008 | 1.1.2007 | 1.1.2008 | 8.12.2009 | (8) |
| AL | 1.1.2007 | | 22.11.2007 | 26.7.2007 | 26.7.2007 | 24.10.2007 | 1.8.2011 |
| BA | 1.7.2008 | 22.11.2007 | | 22.11.2007 | 22.11.2007 | 22.11.2007 | 14.12.2011 |
| MK | 1.1.2007 | 26.7.2007 | 22.11.2007 | | 26.7.2007 | 24.10.2007 | 1.7.2009 |
| ME | 1.1.2008 | 26.7.2007 | 22.11.2007 | 26.7.2007 | | 24.10.2007 | 1.3.2010 |
| RS | 8.12.2009 | 24.10.2007 | 22.11.2007 | 24.10.2007 | 24.10.2007 | | 1.9.2010 |
| TR | (8) | 1.8.2011 | 14.12.2011 | 1.7.2009 | 1.3.2010 | 1.9.2010 | |

EU

AL

BA

MK

ME

RS

TR

EU

1.1.2007

1.7.2008

1.1.2007

1.1.2008

8.12.2009

(8)

AL

1.1.2007

22.11.2007

26.7.2007

26.7.2007

24.10.2007

1.8.2011

BA

1.7.2008

22.11.2007

22.11.2007

22.11.2007

22.11.2007

14.12.2011

MK

1.1.2007

26.7.2007

22.11.2007

26.7.2007

24.10.2007

1.7.2009

ME

1.1.2008

26.7.2007

22.11.2007

26.7.2007

24.10.2007

1.3.2010

RS

8.12.2009

24.10.2007

22.11.2007

24.10.2007

24.10.2007

1.9.2010

TR

(8)

1.8.2011

14.12.2011

1.7.2009

1.3.2010

1.9.2010

---

(1)  The Contracting Parties are the European Union, Albania, Algeria, Bosnia and Herzegovina, Egypt, Faeroe Islands, Iceland, Israel, Jordan, Kosovo (under Resolution 1244(1999) of the United Nations Security Council), Lebanon, the former Yugoslav Republic of Macedonia, Montenegro, Morocco, Norway, Serbia, Switzerland (including Liechtenstein), Syria, Tunisia, Turkey, and West Bank and Gaza Strip.

(2)  OJ L 54, 26.2.2013, p. 4.

(3)  OJ C 83, 17.4.2007, p. 1.

(4)  Switzerland and the Principality of Liechtenstein form a customs union.

(5)  ISO code 3166. Provisional code which does not prejudge in any way the definitive nomenclature for this country, which will be agreed following the conclusions of negotiations currently taking place under the auspices of the United Nations.

(6)  This designation is without prejudice to positions on status and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.

(7)  For goods covered by the EU-Turkey customs union, the date of application is 27 July 2006.

For agricultural products, the date of application is 1 January 2007.

For coal and steel products, the date of application is 1 March 2009.

(8)  For goods covered by the EU-Turkey customs union, the date of application is 27 July 2006.

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European Systemic Risk Board

| 23.1.2015 | EN | Official Journal of the European Union | C 22/8 |
| --- | --- | --- | --- |

23.1.2015

EN

Official Journal of the European Union

C 22/8

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DECISION OF THE EUROPEAN SYSTEMIC RISK BOARD

of 16 September 2014

on the extension of certain deadlines set by Recommendation ESRB/2012/2 on funding of credit institutions

(ESRB/2014/4)

(2015/C 22/04)

THE GENERAL BOARD OF THE EUROPEAN SYSTEMIC RISK BOARD,

Having regard to Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board (1), and in particular to Article 3(2)(b), (f) and (g), Article 4(2), Article 16(2) and Article 17 thereof,

Having regard to Decision ESRB/2011/1 of the European Systemic Risk Board of 20 January 2011 adopting the Rules of Procedure of the European Systemic Risk Board (2), and in particular Articles 19 and 20 thereof,

Whereas:

| (1) | On 20 December 2012 the General Board of the European Systemic Risk Board (ESRB) adopted Recommendation ESRB/2012/2 (3). The recommendation aims at incentivising sustainable funding structures for credit institutions. |
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(1)

On 20 December 2012 the General Board of the European Systemic Risk Board (ESRB) adopted Recommendation ESRB/2012/2 (3). The recommendation aims at incentivising sustainable funding structures for credit institutions.

| (2) | In order for the aims of Recommendation ESRB/2012/2 to be achieved, national supervisory authorities (hereinafter ‘NSAs’), national macro-prudential authorities and the European Banking Authority (EBA) are requested to take certain actions within the time limits set out in its section 2(3). |
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(2)

In order for the aims of Recommendation ESRB/2012/2 to be achieved, national supervisory authorities (hereinafter ‘NSAs’), national macro-prudential authorities and the European Banking Authority (EBA) are requested to take certain actions within the time limits set out in its section 2(3).

| (3) | On 31 December 2013 the General Board decided to extend those time limits by between six and 12 months. According to the revised timeline, NSAs with responsibility for banking supervision, and NSAs and other authorities with a macro-prudential mandate are requested to send to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendations A(1), (2) and (3) by 30 June 2015 and a final report by 31 January 2016. The EBA should deliver a first monitoring report on Recommendation A(5) by 30 June 2015 and a final report by 30 September 2015. However, some addressees have stated that it will not be possible to fully comply with the specified time limits. |
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(3)

On 31 December 2013 the General Board decided to extend those time limits by between six and 12 months. According to the revised timeline, NSAs with responsibility for banking supervision, and NSAs and other authorities with a macro-prudential mandate are requested to send to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendations A(1), (2) and (3) by 30 June 2015 and a final report by 31 January 2016. The EBA should deliver a first monitoring report on Recommendation A(5) by 30 June 2015 and a final report by 30 September 2015. However, some addressees have stated that it will not be possible to fully comply with the specified time limits.

| (4) | The overarching objective of the ESRB is to prevent or mitigate systemic risks in a timely and effective manner. The General Board considers that a further delay of six months in the first monitoring report by the NSAs on Recommendations A(1), (2) and (3) and a further delay of nine months in the first monitoring report by the EBA on Recommendation A(5) would not jeopardise the orderly functioning of the financial markets, nor imply that those recommendations will be left unimplemented. |
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(4)

The overarching objective of the ESRB is to prevent or mitigate systemic risks in a timely and effective manner. The General Board considers that a further delay of six months in the first monitoring report by the NSAs on Recommendations A(1), (2) and (3) and a further delay of nine months in the first monitoring report by the EBA on Recommendation A(5) would not jeopardise the orderly functioning of the financial markets, nor imply that those recommendations will be left unimplemented.

| (5) | The General Board has thereby decided to extend the time limits set out in Recommendation ESRB/2012/2 in respect of Recommendations A(1), (2), (3) by six months and in respect of A(5) by nine months in order to provide the NSAs and the EBA with the proper time to take the steps necessary for the implementation of the relevant recommendations, |
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(5)

The General Board has thereby decided to extend the time limits set out in Recommendation ESRB/2012/2 in respect of Recommendations A(1), (2), (3) by six months and in respect of A(5) by nine months in order to provide the NSAs and the EBA with the proper time to take the steps necessary for the implementation of the relevant recommendations,

HAS ADOPTED THIS DECISION:

Article 1

Amendments to Recommendation ESRB/2012/2

Recommendation ESRB/2012/2 is amended as follows:

| 1. | section 2(3)(1) is replaced by the following:






  ‘1. | Recommendation A – National supervisory authorities with responsibility for banking supervision, national supervisory authorities and other authorities with a macro-prudential mandate, and the EBA are requested to report according to the following timeline:






  (a) | by 31 December 2015, national supervisory authorities with responsibility for banking supervision are requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(1) and (2); |
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1.

section 2(3)(1) is replaced by the following:

‘1.

Recommendation A – National supervisory authorities with responsibility for banking supervision, national supervisory authorities and other authorities with a macro-prudential mandate, and the EBA are requested to report according to the following timeline:

(a)

by 31 December 2015, national supervisory authorities with responsibility for banking supervision are requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(1) and (2);

| (b) | by 31 July 2016, national supervisory authorities with responsibility for banking supervision are requested to deliver a final report on Recommendation A(1) and (2) to the ESRB and to the Council; |
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(b)

by 31 July 2016, national supervisory authorities with responsibility for banking supervision are requested to deliver a final report on Recommendation A(1) and (2) to the ESRB and to the Council;

| (c) | by 31 December 2015, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(3); |
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(c)

by 31 December 2015, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(3);

| (d) | by 30 September 2016 national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver a final report on the implementation of Recommendation A(3) to the ESRB and to the Council; |
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(d)

by 30 September 2016 national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver a final report on the implementation of Recommendation A(3) to the ESRB and to the Council;

| (e) | by 30 June 2014, the EBA is requested to deliver the guidelines referred to in Recommendation A(4) to the ESRB and to the Council; |
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(e)

by 30 June 2014, the EBA is requested to deliver the guidelines referred to in Recommendation A(4) to the ESRB and to the Council;

| (f) | by 31 March 2016, the EBA is requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(5); |
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(f)

by 31 March 2016, the EBA is requested to deliver to the ESRB an interim report containing a first assessment of the results of the implementation of Recommendation A(5);

| (g) | by 30 June 2016, the EBA is requested to deliver a final report on the implementation of Recommendation A(5) to the ESRB and to the Council.’; |
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(g)

by 30 June 2016, the EBA is requested to deliver a final report on the implementation of Recommendation A(5) to the ESRB and to the Council.’;

| 2. | in the Annex, point V.1.3.1 is replaced by the following:
  ‘V.1.3.1.   Timeline

  National supervisory authorities with responsibility for banking supervision, national supervisory authorities and other authorities with a macro-prudential mandate and the EBA are requested to report to the ESRB and the Council on the actions taken in response to this Recommendation, or adequately justify any inaction, according to the following timeline:






  a. | by 31 December 2015, national supervisory authorities with responsibility for banking supervision are requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendations A(1) and (2); |
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2.

in the Annex, point V.1.3.1 is replaced by the following:

‘V.1.3.1.   Timeline

National supervisory authorities with responsibility for banking supervision, national supervisory authorities and other authorities with a macro-prudential mandate and the EBA are requested to report to the ESRB and the Council on the actions taken in response to this Recommendation, or adequately justify any inaction, according to the following timeline:

a.

by 31 December 2015, national supervisory authorities with responsibility for banking supervision are requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendations A(1) and (2);

| b. | by 31 July 2016, national supervisory authorities with responsibility for banking supervision are requested to deliver a final report on Recommendations A(1) and (2) to the ESRB and to the Council; |
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b.

by 31 July 2016, national supervisory authorities with responsibility for banking supervision are requested to deliver a final report on Recommendations A(1) and (2) to the ESRB and to the Council;

| c. | by 31 December 2015, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendation A(3); |
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c.

by 31 December 2015, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendation A(3);

| d. | by 30 September 2016, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver a final report on the implementation of Recommendation A(3) to the ESRB and to the Council; |
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d.

by 30 September 2016, national supervisory authorities and other authorities with a macro-prudential mandate are requested to deliver a final report on the implementation of Recommendation A(3) to the ESRB and to the Council;

| e. | by 30 June 2014, the EBA is requested to deliver the guidelines referred to in Recommendation A(4) to the ESRB and to the Council; |
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e.

by 30 June 2014, the EBA is requested to deliver the guidelines referred to in Recommendation A(4) to the ESRB and to the Council;

| f. | by 31 March 2016, the EBA is requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendation A(5); |
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f.

by 31 March 2016, the EBA is requested to deliver to the ESRB an interim report containing a first assessment of the result of the implementation of Recommendation A(5);

| g. | by 30 June 2016, the EBA is requested to deliver a final report on the implementation of Recommendation A(5) to the ESRB and to the Council.’. |
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g.

by 30 June 2016, the EBA is requested to deliver a final report on the implementation of Recommendation A(5) to the ESRB and to the Council.’.

Article 2

Publication

This Decision shall be published on the ESRB’s website on the date of its entry into force.

Article 3

Entry into force

This Decision shall enter into force on the date of its approval.

Done at Frankfurt am Main, 16 September 2014.

The Chair of the ESRB

Mario DRAGHI

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(1)  OJ L 331, 15.12.2010, p. 1.

1

(2)  OJ C 58, 24.2.2011, p. 4.

2

(3)  Recommendation ESRB/2012/2 of the European Systemic Risk Board of 20 December 2012 on funding of credit institutions (OJ C 119, 25.4.2013, p. 1).

3

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V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 23.1.2015 | EN | Official Journal of the European Union | C 22/11 |
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23.1.2015

EN

Official Journal of the European Union

C 22/11

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DECISION TO CLOSE THE FORMAL INVESTIGATION PROCEDURE AFTER WITHDRAWAL BY MEMBER STATE

State aid — Italy

(Articles 107 to 109 of the Treaty on the Functioning of the European Union)

Commission notice pursuant to Article 108(2) of the TFEU — Withdrawal of notification

State aid SA.33424 (12/C) (ex 11/N) — Integrated project CCS Sulcis

(Text with EEA relevance)

(2015/C 22/05)

The Commission has decided to close the formal investigation procedure under Article 108(2) TFEU, initiated on 20 November 2012 (1) in respect of the measure referred to above, recording that Italy has withdrawn its notification on 17 July 2014.

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(1)  OJ C 20, 23.1.2013, p. 12.

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