# Official Journal C 446/2021

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 446 |
| | |
| English edition | Information and Notices | Volume 643 November 2021 |

ISSN 1977-091X

Official Journal

of the European Union

C 446

English edition

Information and Notices

Volume 643 November 2021

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| Contents | page |
| --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2021/C 446/01 | Non-opposition to a notified concentration (Case M.10454 – OMERS / GOLDMAN SACHS / AMEDES) (
  1
  ) | 1 |

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2021/C 446/01

Non-opposition to a notified concentration (Case M.10454 – OMERS / GOLDMAN SACHS / AMEDES) (
  1
  )

1

1

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| | III   Preparatory acts |
| --- | --- |
| | EUROPEAN CENTRAL BANK |
| 2021/C 446/02 | Opinion of the European Central Bank of 7 September 2021 on a proposal for a directive amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting (CON/2021/27) | 2 |

III   Preparatory acts

EUROPEAN CENTRAL BANK

2021/C 446/02

Opinion of the European Central Bank of 7 September 2021 on a proposal for a directive amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting (CON/2021/27)

2

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | Council |
| 2021/C 446/03 | Notice for the attention of persons subject to the restrictive measures provided for in Council Decision (CFSP) 2020/1999 and in Council Regulation (EU) 2020/1998 concerning restrictive measures against serious human rights violations and abuses | 11 |
| | European Commission |
| 2021/C 446/04 | Euro exchange rates — 29 October 2021 | 12 |
| 2021/C 446/05 | Euro exchange rates — 2 November 2021 | 13 |
| | NOTICES FROM MEMBER STATES |
| 2021/C 446/06 | Value added tax (VAT) – Exempt investment gold – List of gold coins meeting the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC of 28 November 2006 (special scheme for investment gold) – Valid for the year 2022 | 14 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

Council

2021/C 446/03

Notice for the attention of persons subject to the restrictive measures provided for in Council Decision (CFSP) 2020/1999 and in Council Regulation (EU) 2020/1998 concerning restrictive measures against serious human rights violations and abuses

11

European Commission

2021/C 446/04

Euro exchange rates — 29 October 2021

12

2021/C 446/05

Euro exchange rates — 2 November 2021

13

NOTICES FROM MEMBER STATES

2021/C 446/06

Value added tax (VAT) – Exempt investment gold – List of gold coins meeting the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC of 28 November 2006 (special scheme for investment gold) – Valid for the year 2022

14

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2021/C 446/07 | Prior notification of a concentration (Case M.10456 — Sky/ViacomCBS/JV) (
  1
  ) | 33 |
| 2021/C 446/08 | Prior notification of a concentration (Case M.10474 – NESTE / RAVAGO / JV) – Candidate case for simplified procedure (
  1
  ) | 35 |
| 2021/C 446/09 | Prior notification of a concentration (Case M.10520 – CUMMINS / CHINA PETROCHEMICAL CORPORATION / JV) – Candidate case for simplified procedure (
  1
  ) | 36 |
| | OTHER ACTS |
| | European Commission |
| 2021/C 446/10 | Publication of an application for registration of a name pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs | 38 |
| 2021/C 446/11 | Publication of an application for approval of an amendment, which is not minor, to a product specification pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs | 43 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2021/C 446/07

Prior notification of a concentration (Case M.10456 — Sky/ViacomCBS/JV) (
  1
  )

1

33

2021/C 446/08

Prior notification of a concentration (Case M.10474 – NESTE / RAVAGO / JV) – Candidate case for simplified procedure (
  1
  )

1

35

2021/C 446/09

Prior notification of a concentration (Case M.10520 – CUMMINS / CHINA PETROCHEMICAL CORPORATION / JV) – Candidate case for simplified procedure (
  1
  )

1

36

OTHER ACTS

European Commission

2021/C 446/10

Publication of an application for registration of a name pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs

38

2021/C 446/11

Publication of an application for approval of an amendment, which is not minor, to a product specification pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs

43

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| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | |
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EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 3.11.2021 | EN | Official Journal of the European Union | C 446/1 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/1

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Non-opposition to a notified concentration

(Case M.10454 – OMERS / GOLDMAN SACHS / AMEDES)

(Text with EEA relevance)

(2021/C 446/01)

On 25 October 2021, 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 English 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 policy’ 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, |
| --- | --- |

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in the merger section of the ‘Competition policy’ 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 32021M10454. EUR-Lex is the online point of access to European Union law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32021M10454. EUR-Lex is the online point of access to European Union law.

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

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III Preparatory acts

EUROPEAN CENTRAL BANK

| 3.11.2021 | EN | Official Journal of the European Union | C 446/2 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/2

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OPINION OF THE EUROPEAN CENTRAL BANK

of 7 September 2021

on a proposal for a directive amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting (CON/2021/27)

(2021/C 446/02)

Introduction and legal basis

On 29 June 2021 the European Central Bank (ECB) received a request from the European Parliament for an opinion on a proposal for a directive of the European Parliament and of the Council amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting (1) (hereinafter the ‘proposed directive’).

The ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the Functioning of the European Union, since the proposed directive contains provisions falling within the ECB’s fields of competence, including, in particular, the implementation of monetary policy pursuant to the first indent of Article 127(2), and Article 282(1) of the Treaty, the prudential supervision of credit institutions pursuant to Article 127(6) of the Treaty and the contribution to the smooth conduct of policies pursued by competent authorities relating to the stability of the financial system pursuant to Article 127(5) of the Treaty. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

1.   General observations

| 1.1 | The ECB welcomes the proposed directive’s objective of improving the quantity, quality and availability of sustainability-related information, as part of the European Commission’s broader sustainable finance agenda (2), and in line with the objectives of the European Green Deal (3). The ECB further welcomes the timeline set out in the proposed directive, in particular the adoption of the first set of sustainability reporting standards by October 2022. |
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1.1

| 1.2 | The current corporate disclosure regime of the European Union (EU) on sustainability does not ensure sufficient, consistent and comparable information for the private sector or public authorities. Stakeholders are unable to assess the impact of companies on sustainability and in particular on climate change. Better disclosures on forward-looking indicators would not only allow stakeholders to monitor companies’ progress in aligning their business models and operations with trajectories that are consistent with a low-carbon, and thereafter a net-zero carbon, economy, as envisaged in the European Green Deal, but also help to assess risks to companies from potential revaluations of assets in the event of misaligned trajectories. In this context, the proposed directive supports and complements the information which companies will have to disclose under Regulation (EU) 2020/852 of the European Parliament and of the Council (4) (hereinafter the ‘Taxonomy Regulation’) and brings the EU economy closer to the goals of the European Green Deal. |
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1.2

| 1.3 | The standards on sustainability disclosure that currently prevail in financial markets are insufficient to ensure that sustainability-related financial risks are properly understood and fully priced by all market participants. The limited quality and quantity of corporate-level sustainability information limits the information available to investors and financial market participants. It reduces transparency, increases information asymmetries, harms comparability and in general hinders the development of sustainable finance and informed investment decisions. Furthermore, as also indicated in the recitals of the proposed directive, multiple investment decisions that do not take adequate account of sustainability-related risks can lead to aggregated and amplified effects that have the potential to create systemic risks that threaten financial stability (5). Moreover, the poor state of corporate disclosure on sustainability prevents regulators, supervisors, financial stability authorities and central banks from appropriately assessing the exposure to sustainability and, notably, climate-related risks of corporates and of credit and financial institutions that make use of corporate disclosures to take financing decisions. Therefore, the ECB considers the proposed directive as a necessary step to address the data gap that currently hinders the development of appropriate sustainability policy, risk assessment and risk monitoring frameworks for the financial sector (6). |
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1.3

| 1.4 | The ECB considers the proposed directive an important step towards the completion of the Capital Markets Union and in particular the development of integrated, sizeable and mature EU green capital markets that transcend national borders (7). A green Capital Markets Union would further reinforce the EU’s role in green capital markets worldwide (8) and thus enhance the euro’s role as a global currency. By creating common standards and infrastructures for green EU capital markets, it could thereby act as a catalyst for EU capital market integration at large (9). In particular, standardised and robust (sustainability) disclosure is a prerequisite for ensuring that investors have sound and comparable data to inform their investment decisions and thus essential for facilitating the allocation of capital to the most desirable projects across the EU, in line with the objectives of the single market. The resulting enhanced allocation of capital can help to improve private cross-border risk-sharing and the resilience of the EU economy (10). In this respect, the ECB also welcomes the fact that the proposed directive envisages the need for sustainability information disclosed by undertakings to be included in the forthcoming European Single Access Point (11). By integrating sustainability disclosures with financial data, a ‘one-stop shop’ for all critical information about an undertaking, including its green credentials, would be created, which would benefit not only investors, but all private and public stakeholders interested in financial and sustainability reporting. |
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1.4

| 1.5 | The ECB supports the proposed requirements for large EU undertakings and undertakings listed on EU regulated markets, including credit institutions, to disclose a range of sustainability targets and the progress towards achieving them. The reputation risk faced by undertakings failing to comply with their commitments to align with the Paris Agreement will help promote market discipline and constitute an important input to credit institutions’ risk management and alignment strategies. |
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1.5

| 1.6 | In order to improve transparency and foster proper supervisory monitoring, in particular of climate and environment-related risks, the ECB also considers that, as proposed in the Commission’s new sustainable finance strategy (12), financial institutions should disclose their sustainability transition and decarbonisation plans, including intermediate and long-term targets and information on how they plan to reduce their environmental footprint. This can be a powerful tool by which to steer the financial system towards clear milestones to achieve consistency with the goal of limiting global warming to 1.5 °C in line with the Paris Agreement. Competent authorities should be provided with the tools to monitor and react to the risks arising from misalignment of credit institutions’ portfolios with the transition targets. |
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1.6

2.   Relevance of the proposed directive for the objectives and tasks of the ECB and the Eurosystem

| 2.1 | Sustainability-related issues, and in particular climate change, can impact the manner in which central banks discharge their mandates, as set out below (13). As part of its prudential supervisory tasks and its contribution to financial stability, the ECB supports the EU policy efforts aimed at improving the identification and management of financial risks related to sustainability, with a view to enhancing the safety and soundness of credit institutions and the stability of the financial system. In this context, sufficiently encompassing and granular disclosure on environmental risks will also facilitate market pricing of the related risks in line with the principle of an open market economy (14). Moreover, such disclosure practices would also enhance the Eurosystem’s capability to monitor and assess the impact of climate change on monetary policy transmission. |
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2.1

2.2   Relevance for monetary policy

| 2.2.1 | Climate change and the transition towards a more sustainable economy affect the outlook for price stability, the primary objective of the ESCB, through their impact on macroeconomic indicators such as inflation, output, employment, interest rates, investment and productivity; financial stability; and the transmission of monetary policy (15). Physical risks and transition risks associated with climate change can, among other things, impact the valuations and creditworthiness of companies with knock-on effects for credit institutions and the financial system (16). Although methodologies to assess the magnitude of climate-related risks for banks and financial stability are still being developed, available estimates suggest that the impact of these risks is likely to be significant (17). This, in turn, could affect the transmission of monetary policy, for example via the stranding of assets and the sudden repricing of climate-related financial risks. Moreover, with regard to the banking sector, the value of collateral may be reduced and credit losses may materialise, which could dent the capital and liquidity position of credit institutions and other financial intermediaries, thereby weakening their ability to channel funds to the real economy. The Network of Central Banks and Supervisors for Greening the Financial System (NGFS), recommends, therefore, that central banks consider the possible effects of climate change on the economy. The NGFS argues that these effects may be relevant to monetary policy even if they only materialise beyond the conventional medium-term horizon of monetary policy (18). |
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2.2.1

| 2.2.2 | Furthermore, when pursuing its objective of price stability, the Eurosystem must ensure adequate risk protection of its balance sheet through its risk control framework. The Eurosystem therefore needs to identify, monitor and mitigate the risks that are associated with its counterparties, the collateral it accepts in its refinancing operations and its holdings of assets arising from outright transactions, including under its non-monetary policy portfolio. |
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2.2.2

| 2.2.3 | In this respect, better sustainability-related corporate disclosure practices would significantly enhance the Eurosystem’s capability to monitor and assess the impact of climate change on monetary policy transmission, address the climate-related financial risks it already holds on its balance sheet, and ensure adequate risk protection of the Eurosystem’s balance sheet. |
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2.2.3

| 2.2.4 | Moreover, as announced in its action plan to include climate change considerations in its monetary policy strategy (19), the Eurosystem will introduce disclosure requirements for private sector assets as a new eligibility criterion or as a basis for a differentiated treatment for collateral and asset purchases. Such requirements will take into account EU policies and initiatives, including the proposed directive, and will thereby promote consistent disclosure practices in the market. |
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2.2.4

2.3   Relevance for financial stability

| 2.3.1 | The proposed directive’s goal of ensuring reliable, consistent and comparable information on the exposure of undertakings across different sectors to climate change-related risks is a prerequisite for accurately assessing the financial risks arising from climate change (20). Better sustainability-related disclosures based on unified reporting standards and submitted in machine-readable form would substantially enhance the ECB’s capability to monitor and address the impact of climate change on financial stability. |
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2.3.1

2.4   Relevance for the prudential supervision of credit institutions

| 2.4.1 | Significant institutions directly supervised by the ECB are expected to disclose climate-related risks that are material (21). In particular, they are expected to disclose the greenhouse gas emissions for the whole group, including downstream emissions, as well as key performance indicators (KPIs) and key risk indicators (KRIs) they use for the purpose of strategy-setting and risk management (22). Moreover, the ECB is committed to developing new indicators that help to assess credit institutions’ carbon footprints (23). |
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2.4.1

| 2.4.2 | Furthermore, in line with the requirements laid down in Article 449a of Regulation (EU) No 575/2013 of the European Parliament and of the Council (24) (hereinafter the ‘Capital Requirements Regulation’ or ‘CRR’), the European Banking Authority (EBA) published in March 2021 draft implementing technical standards (ITS) (25), which propose comparable quantitative disclosures on climate change-related transition and physical risks for certain credit institutions, including information on exposures towards carbon-related assets and assets subject to chronic and acute climate-change events. |
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2.4.2

| 2.4.3 | Therefore, reliable and comparable climate and environment-related data from companies are crucial in order for financial institutions, including credit institutions, to properly calculate and subsequently disclose climate and environment metrics, including information relevant under the prudential framework. The proposal to extend the current scope of application of Directive 2014/95/EU of the European Parliament and of the Council (26) (hereinafter the ‘Non-Financial Reporting Directive’ or ‘NFRD’) to all large undertakings will support institutions’ efforts to collect relevant data. The more detailed requirements of the proposed directive and the proposed digitalisation of the requested data will facilitate their collection in a consistent way. |
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2.4.3

2.5   Relevance for the collection of statistical information

| 2.5.1 | Article 5 of the Statute of the European System of Central Banks and of the European Central Bank grants the ECB the power, with the assistance of national central banks, to collect statistical information that is necessary to undertake the tasks of the European System of Central Banks (ESCB) and to contribute to the harmonisation of rules and practices governing the collection, compilation and distribution of statistics in the areas within its fields of competence. In order to carry out its tasks and activities, the ECB relies as far as possible on existing data to limit the burden placed on reporting agents. As already indicated, the availability of sustainability-related information of a high quality at a granular and aggregated level is a necessity for informed decisions in relation to the implementation of monetary policy, the prudential supervision of credit institutions and the contribution to the smooth conduct of policies pursued by competent authorities relating to the stability of the financial system. In this context, the development of sustainability reporting standards which specify the information that undertakings are to disclose about sustainability factors would also enable the ECB to better fulfil its functions by compiling statistical indicators relating to sustainable finance (27). This would in turn allow the ECB to potentially enhance its own collection of statistical information to reflect and focus on environmental sustainability factors. |
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2.5.1

| 2.5.2 | For these reasons, the ECB welcomes the fact that under the proposed directive, undertakings will prepare their sustainability reporting in a single electronic reporting (XHTML) format (28). The wealth of data that will be produced by the implementation of the proposed directive should meet the objectives of the EU’s strategy for data and the Digital Finance Strategy (29), in particular to create a single market in which data can flow within the EU and across sectors in order to utilise the potential of new-generation data in the public interest and to promote data-driven finance. Meeting these objectives would help official statisticians to improve the salience, timeliness and depth of their data and metadata. |
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2.5.2

| 2.5.3 | To this end, the ECB strongly supports the use by reporting entities of internationally agreed standards, such as the global Legal Entity Identifier as recommended by the European Systemic Risk Board in 2020 (30), or other agreed standards as unique identifiers to meet reporting requirements. The ECB considers that the use of these identifiers, where possible in the reporting standards that are to be developed, will improve the reliability of statistical information, as well as its scope, by allowing corporate sustainability data to be linked with other sources of statistical information collected by the ESCB (e.g. individual balance sheet data and/or AnaCredit individual bank loan data), thereby facilitating analytical work and supporting policy making. |
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2.5.3

2.6   Non-monetary policy portfolios

| 2.6.1 | Reliable data on sustainability issues will equally be key for sustainable investments in non-monetary policy portfolios. The Eurosystem has recently agreed on a common stance for climate change-related sustainable and responsible investments in euro-denominated non-monetary policy portfolios, aiming to start climate-related disclosures for these types of portfolios within two years (31). |
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2.6.1

3.   Application of proposed directive to central banks

| 3.1 | The proposed directive provides that Member States may choose not to apply the obligation to disclose sustainability-related information to certain undertakings excluded from the scope of the Directive 2013/36/EU of the European Parliament and of the Council (32) (hereinafter the ‘Capital Requirements Directive’), including central banks (33). As certain central banks may indeed qualify as undertakings under the Accounting Directive (34) and would, therefore, fall in principle within the scope of the proposed directive, granting the concerned Member States the opportunity to exclude central banks from this scope is welcomed. |
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3.1

| 3.2 | While the ECB does not fall within the scope of application of the proposed directive, its own disclosures could benefit from the common reporting standards under the proposed directive to the extent that they can be tailored to the ECB’s specific purposes. For instance, the ECB has already begun work on expanding its own existing environmental reporting framework to include economic, governance and social matters in 2021, taking into account the requirements of the NFRD (35). The ECB aims to start publishing sustainability disclosures in 2022 with reference to the ECB’s performance in 2021 (36). |
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3.2

| 3.3 | Furthermore, as stated above, the Eurosystem has committed to start making climate change-related disclosures on its euro-denominated non-monetary policy portfolios in the coming two years (37) and will disclose climate change-related information on assets purchased under the monetary policy corporate sector purchase programme from the first quarter of 2023. Moreover, the implementation of the ECB’s recently presented action plan to include climate change considerations in its monetary policy strategy will, at a minimum, be in line with the progress on the EU policies and initiatives in the field of environmental sustainability disclosure and reporting, including the proposed directive (38). Considering the current lack of high-quality data, the Eurosystem’s sustainability disclosures would benefit substantially from the disclosures of undertakings that fall within the scope of the proposed directive once they are available. Hence, by supporting standardisation of climate change-related reporting, the disclosure standards under the proposed directive could in turn facilitate the Eurosystem’s own future climate-related disclosures. The ECB will consider whether the common reporting standards or parts thereof could be used in the future as a basis for its own climate-related disclosures, while being mindful of the specificities of the ECB’s tasks and objectives. |
| --- | --- |

3.3

4.   Scope of the proposed directive

| 4.1 | Under the proposed directive, disclosing sustainability-related information would become mandatory as of 1 January 2023 for all large undertakings, and as of 1 January 2026 for all small and medium-sized undertakings whose transferable securities are admitted to trading on an EU regulated market (39). The ECB welcomes the extended scope of the proposed directive to all large undertakings as defined in the Accounting Directive as compared to the narrower scope of the NFRD which required mandatory disclosures only from large public-interest entities with at least 500 employees (40). The ECB also welcomes the extension of the proposed directive to include small and medium-sized enterprises (SMEs) that are listed on EU regulated markets. Expanding the scope of corporates’ disclosures is necessary to put financial institutions, and in particular credit institutions, in a better position to fulfil their own sustainability disclosure requirements and enable them to manage their own exposures to sustainability, and especially climate-related, risks. SMEs in particular play a central role in the European economy and are not only exposed to climate-related risks themselves but also play an important role in ensuring the transition of the EU towards a low-carbon economy. Obtaining reliable, consistent and comparable sustainability-related disclosures from SMEs is therefore important for all stakeholders, including, as already indicated, for financial institutions that need to obtain relevant information on their counterparts in order to enhance their own risk management and make informed financing decisions in relation to SMEs. |
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4.1

| 4.2 | At the same time, the ECB acknowledges that the administrative burden associated with additional reporting requirements can have a disproportionate impact on smaller companies and underlines the importance of avoiding an excessive administrative burden on SMEs. In this respect, the ECB welcomes that the proposed directive seeks to moderate the additional reporting burden for smaller companies, by providing for a gradual phase-in approach and simplified reporting standards for listed SMEs to be developed by the European Financial Reporting Advisory Group (EFRAG) (41). This proportionate approach should also ensure that the additional reporting requirements for credit institutions regarding their counterparties do not adversely affect SMEs’ access to finance. |
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4.2

| 4.3 | While generally supporting, for the above reasons, a proportionate approach to SMEs, the ECB is of the view that the timeline for the application of the simplified reporting standards could be brought forward compared to what is currently envisaged in the proposed directive. Furthermore, it will be important that the simplified reporting standards proposed for SMEs will ensure a sufficient level of comparable and consistent information to allow for an appropriate assessment of sustainability-related risks and the alignment of the respective SMEs with the transition to a low-carbon economy. |
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4.3

| 4.4 | The ECB notes that most parts of the proposed directive would also apply to credit institutions. In particular, credit institutions will be required to disclose sustainability-related information under the proposed directive. However, it is unclear from the current drafting whether the proposed directive intends to cover all credit institutions, regardless of their respective size, or only credit institutions that qualify as large undertakings or as undertakings whose transferable securities are admitted to trading on EU regulated markets. The recitals of the proposed directive (42) state that credit institutions should be subject to sustainability reporting requirements provided that they meet certain size criteria. However, this limitation of applicability to credit institutions based on certain size criteria does not clearly follow from the articles of the proposed directive (43). Rather, the relevant provisions could also be read as providing that credit institutions would be covered by the coordination measures regardless of their size. In line with the legislative intention of the proposed directive expressed in its recitals, the ECB suggests clarifying this point so that only credit institutions which also meet the size criteria will be subject to sustainability reporting requirements (44). Moreover, minimal alignment with the scope of the disclosure of environmental, social and governance risks under the CRR, especially Article 449a of that Regulation, under which both size and complexity criteria are taken into account in assessing whether a credit institution qualifies as large, should be ensured. |
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4.4

5.   Mandatory common reporting standards

| 5.1 | The proposed directive will introduce mandatory common reporting standards, to be adopted by the Commission as delegated acts (45). Common reporting standards of sufficient quality that underpin comparable, transparent and reliable sustainability-related disclosure are essential for developing more comparable and reliable sustainability metrics, the correct assessment of sustainability-related (financial and non-financial) risks and, therefore, the pricing of assets and the calibration of risk control measures. This would be beneficial for credit institutions’ risk management, internal reporting and public disclosures on environmental, social, and governance (ESG) risks, and, as already indicated, for central banks and supervisors in conducting analyses and incorporating climate-related considerations in the execution of their mandates (46). |
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5.1

| 5.2 | In line with the content of the proposed directive, the common reporting standards to be adopted should also contain a double-materiality perspective, focusing on issues that influence companies’ performance, position and development (‘financial materiality’), but also information on companies’ broader environmental and social impact (‘environmental and social materiality’). The common reporting standards should include, at minimum, standardised and comparable data items that are relevant for the analysis of climate-related financial risks, both transitional and physical (47). These include, for example, the geographical location and business activities of assets/facilities and the associated environmental pressures, the sectoral classification of undertakings and the respective sectoral concentration of financial exposures, greenhouse gas emissions (scope 1-3) (48), and carbon intensity. The common reporting standards should contain clear guidelines on the methodologies that are used to quantify the financial impact of climate change-related risks for the disclosing undertaking. The ECB also welcomes that the proposed directive provides for the adoption of delegated acts specifying information that undertakings must report that is specific to the sector in which they operate (49). In line with the content already contained in the proposed directive, the common reporting standards should also provide for comprehensive and comparable disclosures about the policies that undertakings carry out to address and manage the potential impact of those risks (50). In that context, the reporting standards should include quantitative indicators which go beyond the largely qualitative nature of existing disclosures and which would facilitate the usability and comparability of sustainability-related disclosures. |
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5.2

| 5.3 | In this regard, the ECB also welcomes the inclusion of forward-looking targets in the proposal. The NFRD currently lacks forward-looking sustainability metrics which are, however, a crucial ingredient for the early identification of risks and the proactive formulation of mitigation responses. This is a necessary component for target-setting and scenario analysis. The ECB thus strongly supports the stipulation in the proposed directive that the information to be reported should include the ‘plans... to ensure that [the undertaking’s] business model and strategy are compatible with the transition to a sustainable economy and with the limiting of global warming to 1.5 °C in line with the Paris Agreement’ (51). Such forward-looking information should be expressed in standardised and easily comparable terms, backed by harmonised methodologies, and be externally verified by third parties, as provided for in the proposed directive, in order to ensure their credibility and reliability. |
| --- | --- |

5.3

| 5.4 | The proposed directive envisages the consultation of the ECB on the sustainability reporting standards, and states that the ECB should submit its opinion on such standards, should it decide to submit one, within two months from the date of being consulted by the Commission (52). The ECB stands ready to deliver such an opinion within the proposed two-month period. Moreover, the ECB welcomes the strong importance given to public authorities and European institutions in the legislative process for the delegated acts (53) and will seek collaboration efforts among them. |
| --- | --- |

5.4

6.   Alignment with other EU legislation

| 6.1 | The ECB strongly supports the proposed directive’s stated goal of ensuring the consistency of the sustainability reporting standards with the requirements set by other EU legislation (54). The standards should in particular be aligned with the disclosure requirements laid down in Regulation (EU) 2019/2088 of the European Parliament and of the Council (55) and they should take account of underlying indicators and methodologies set out in the various delegated acts adopted pursuant to the Taxonomy Regulation, disclosure requirements applicable to benchmark administrators pursuant to Regulation (EU) 2016/1011 of the European Parliament and of the Council (56), the minimum standards for the construction of EU climate transition benchmarks and EU Paris-aligned benchmarks, and of any work carried out by the EBA in the implementation of the Pillar III disclosure requirements of the CRR (57). The ECB supports initiatives aimed at ensuring consistency and minimising the complexity of the reporting obligations stemming from different legislative texts. The duplication of obligations and inconsistency in the definitions, scope and objectives of applicable requirements introduce unnecessary complications and ambiguity for undertakings (58), and overall reduces the transparency and international attractiveness of the EU regulatory framework. Where such redundancies and inconsistencies cannot be reconciled by means of their synthesis in the EU sustainability reporting standard, as is the case when they stem from the legislative texts, the Commission should consider an overall review of the sustainable finance legislative framework, including possible targeted legal amendments to streamline and simplify the legislative landscape. |
| --- | --- |

6.1

| 6.2 | The ECB stresses that the proposed directive should aim towards full alignment with other EU legislative acts and should minimise, and ideally eliminate, the risk of present or future inconsistencies which may dynamically emerge, as the various legislative instruments evolve in parallel over time. As the abovementioned legislative instruments are all interrelated and rely for their correct functioning on the information requirements mutually provided by one to the other, the framework might not be resilient to uncoordinated changes of individual components. In particular, the proposed directive provides for review of the sustainability reporting standards every three years (59), while other legislative texts will remain static. This entails the risk of leading to discrepancies over time. The ECB supports holistic reviews of the sustainable finance framework as a whole, rather than parallel and uncoordinated reviews of each legislative instrument individually. |
| --- | --- |

6.2

| 6.3 | Given the centrality of the Taxonomy Regulation in the EU sustainable finance agenda, the information disclosed under the proposed corporate sustainability disclosure directive should be consistent with the informational requirements under the Taxonomy Regulation and allow companies and any other agents in the scope of the Taxonomy obligations of the Taxonomy Regulation to obtain all the relevant information they need to comply with the product and corporate-level disclosure obligations laid down in the Taxonomy Regulation. |
| --- | --- |

6.3

7.   Alignment with international initiatives

| 7.1 | The ECB also welcomes that the proposed directive stipulates that the EU sustainability reporting standards should build on and contribute to international sustainability reporting initiatives (60). The absence of a globally standardised framework for disclosures results in insufficient comparability and consistency across jurisdictions, may generate unnecessary barriers to international flows of sustainable finance, and could lead to an uneven playing field across jurisdictions, which may affect EU companies unfavourably and may entail higher costs for EU companies and financial institutions. The ECB thus supports globally coordinated efforts aimed at convergence towards common transparency and disclosure standards on a global level, in particular, the proposal of the International Financial Reporting Standards (IFRS) Foundation to create a new Sustainability Standards Board and to develop standards for climate-related reporting and other sustainability topics. The IFRS Foundation should construct such a standard together with EFRAG, in order to ensure alignment and compatibility between the IFRS and EU standards. Any international standard should not fall short of global best practices and should ideally cover all aspects of sustainability, consistent with the content of the proposed directive. It should require companies to disclose not only issues that influence enterprise value, but also information on the company’s broader environmental and social impact (‘double materiality’). Initiatives taken on a regional or global level should not prevent the EU from going further when adapting its sustainability reporting standards under the proposed directive, in accordance with the EU’s own ambitions and legal framework, while ensuring alignment and consistency with the international baseline. |
| --- | --- |

7.1

8.   Provisions on audit

| 8.1 | The ECB welcomes the establishment of a verification process in respect of undertakings’ sustainability reporting, as introduced by the mandatory audit (61). The extension of the mandatory audit not only to retrospective but also forward-looking information is essential to provide certainty to all stakeholders and ensure credibility of the disclosures and commitments. The increased reliability of the information provided will support the development and subsequent deepening of financial markets, not only with respect to the needed financing of the transitions but also for hedging sustainability-related risks.
  Where the ECB recommends that the proposed directive is amended, a specific drafting proposal is set out in a separate technical working document accompanied by an explanatory text to this effect. The technical working document is available in English on EUR-Lex. |
| --- | --- |

8.1

Where the ECB recommends that the proposed directive is amended, a specific drafting proposal is set out in a separate technical working document accompanied by an explanatory text to this effect. The technical working document is available in English on EUR-Lex.

Done at Frankfurt am Main, 7 September 2021.

The President of the ECB

Christine LAGARDE

---

(1)  COM(2021) 189 final.

1

(2)  See ‘Overview of sustainable finance’, available on the Commission’s website at www.ec.europa.eu.

2

(3)  The Commission published its communication on ‘The European Green Deal’ on 11 December 2019; see COM(2019) 640 final.

3

(4)  Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).

4

(5)  See recital 12. See also ‘Climate-related risks to financial stability’, Special Feature in ECB Financial Stability Review, May 2021, available on the ECB’s website at www.ecb.europa.eu.

5

(6)  See p. 24 et seq of the Eurosystem reply to the European Commission’s public consultations on the Renewed Sustainable Finance Strategy and the revision of the Non-Financial Reporting Directive, available on the ECB’s website at www.ecb.europa.eu.

6

(7)  See speech by Christine Lagarde, ‘Towards a green capital markets union for Europe’, available on the ECB’s website at www.ecb.europa.eu.

7

(8)  For example, around 60% of all green senior unsecured bonds issued globally in 2020 originated in the EU. Environmental, social and corporate governance investment is also concentrated in Europe, with over half of bond funds domiciled in the euro area. Moreover, in 2020, around half of the green bonds issued worldwide were in euro.

8

(9)  See speeches by Christine Lagarde, ‘Towards a green capital markets union for Europe’ and ‘Financing a green and digital recovery’, available on the ECB’s website at www.ecb.europa.eu.

9

(10)  The green bond market already exhibits almost twice the level of cross-border holdings than the rest of the European bond markets. This suggests that developing the green bond market further would deepen EU financial integration. See chapter 5 of the November 2020 ECB Financial Stability Review, November 2020, available on the ECB’s website at www.ecb.europa.eu.

10

(11)  See recital 48 of the proposed directive.

11

(12)  See Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions of 6 July 2021: Strategy for Financing the Transition to a Sustainable Economy, COM(2021) 390 final.

12

(13)  See paragraph 2.4 of Opinion CON/2021/12. All ECB opinions are available on EUR-Lex.

13

(14)  See p. 2 of the Eurosystem reply cited in footnote 6.

14

(15)  See press release ‘ECB presents action plan to include climate change considerations in its monetary policy strategy’, 8 July 2021, available on the ECB’s website at www.ecb.europa.eu.

15

(16)  See ‘Climate-related risks to financial stability’, Special Feature in ECB Financial Stability Review, May 2021, available on the ECB’s website at www.ecb.europa.eu.

16

(17)  See paragraph 2.4 of Opinion CON/2021/12; paragraph 2.2 of Opinion CON/2021/22; Isabel Schnabel, ‘Never waste a crisis: COVID-19, climate change and monetary policy’, virtual roundtable on ‘Sustainable Crisis Responses in Europe’, INSPIRE Research Network, 17 July 2020, available on the ECB’s website at www.ecb.europa.eu.

17

(18)  See paragraph 2.4 of Opinion CON/2021/12; ‘Climate Change and Monetary Policy: Initial Takeaways’, June 2020, available on the Network of Central Banks and Supervisors for Greening the Financial System’s website at www.ngfs.net, at p. 3.

18

(19)  See press release ‘ECB presents action plan to include climate change considerations in its monetary policy strategy’, 8 July 2021, available on the ECB’s website at www.ecb.europa.eu.

19

(20)  See ECB/ESRB Project Team on climate risk modelling, ‘Climate-related risk and financial stability’, July 2021, at p. 9, available on the ECB’s website at www.ecb.europa.eu.

20

(21)  See ECB Banking Supervision, ‘Guide on climate-related and environmental risks’, May 2020, available on the ECB’s website at www.ecb.europa.eu.

21

(22)  See ECB Banking Supervision, ‘Guide on climate-related and environmental risks’, May 2020, available on the ECB’s website at www.ecb.europa.eu.

22

(23)  See press release ‘ECB presents action plan to include climate change considerations in its monetary policy strategy’, 8 July 2021, available on the ECB’s website at www.ecb.europa.eu.

23

(24)  Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

24

(25)  See ‘Implementing Technical Standards (ITS) on prudential disclosures on ESG risks in accordance with Article 449a CRR’, available on the EBA’s website at www.eba.europa.eu.

25

(26)  Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups (OJ L 330, 15.11.2014, p. 1).

26

(27)  See also press release ‘ECB presents action plan to include climate change considerations in its monetary policy strategy’, 8 July 2021, available on the ECB’s website at www.ecb.europa.eu, in which it is confirmed that the ECB will develop indicators on green financial instruments, the exposure of financial institutions to climate-related physical risks through their portfolios and on the carbon footprint of financial institutions.

27

(28)  See recital 48 and point 4 of Article 1 of the proposed directive, inserting the new Article 19d into Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC, (OJ L 182, 29.6.2013, p.19) (hereinafter the ‘Accounting Directive’).

28

(29)  See recital 48 of the proposed directive.

29

(30)  See Recommendations of the European Systematic Risk Board of 24 September 2020 on identifying legal entities (ESRB/2020/12).

30

(31)  See press release, ‘Eurosystem agrees on common stance for climate change-related sustainable investments in non-monetary policy portfolios’, 4 February 2021, available on the ECB’s website at www.ecb.europa.eu.

31

(32)  Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).

32

(33)  See the second subparagraph of Article 1(1) of the proposed directive which refers to Article 2(5), points (2) to (23) of the Capital Requirements Directive.

33

(34)  See Annexes I and II to the Accounting Directive.

34

(35)  See ‘Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report 2019’, available on the ECB’s website at www.ecb.europa.eu.

35

(36)  See ‘Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report 2019’, available on the ECB’s website at www.ecb.europa.eu.

36

(37)  See press release, ‘Eurosystem agrees on common stance for climate change-related sustainable investments in non-monetary policy portfolios’, 4 February 2021, available on the ECB’s website at www.ecb.europa.eu.

37

(38)  See press release ‘ECB presents action plan to include climate change considerations in its monetary policy strategy’, 8 July 2021, available on the ECB’s website at www.ecb.europa.eu.

38

(39)  See point 3 of Article 1 of the proposed directive, replacing Article 19a of the Accounting Directive.

39

(40)  ‘Large undertakings’ are defined in Article 3(4) of the Accounting Directive as undertakings ‘which on their balance sheet dates exceed at least two of the three following criteria: (a) balance sheet total: EUR 20 000 000; (b) net turnover: EUR 40 000 000; (c) average number of employees during the financial year: 250’. The NFRD, in contrast, only covers large undertakings with more than 500 employees which are public-interest entities as defined in Article 2(1) of the Accounting Directive (current Article 19a(1) of the Accounting Directive).

40

(41)  See point 4 of Article 1 of the proposed directive inserting Article 19c on sustainability reporting standards for SMEs into the Accounting Directive.

41

(42)  See recital 23 of the proposed directive.

42

(43)  See points 1 and 3 of Article 1 of the proposed directive, amending Article 1 and replacing Article 19a of the Accounting Directive, respectively.

43

(44)  As proposed in the Technical Annex attached hereto.

44

(45)  See point 4 of Article 1 of the proposed directive, inserting Article 19b into the Accounting Directive.

45

(46)  See p. 26 of the Eurosystem reply cited in footnote 6.

46

(47)  See also the ECB Banking Supervision, ‘Guide on climate-related and environmental risks’, May 2020, available on the ECB’s website at www.ecb.europa.eu.

47

(48)  The Greenhouse Gas Protocol distinguishes between direct greenhouse gas emissions of companies from owned or controlled sources (scope 1), indirect emissions from purchased electricity, steam, heating or cooling (scope 2) and all other indirect emissions, including in particular occurring along the corporate value chain, either upstream or downstream (scope 3); see Greenhouse Gas Protocol website at ghgprotocol.org.

48

(49)  See point 4 of Article 1 of the proposed directive, inserting Article 19b(1)(b)(ii) into the Accounting Directive.

49

(50)  See also point 3 of Article 1 of the proposed directive, in which Article 19a of the Accounting Directive is replaced and a new point (d) is introduced in paragraph 2 of that article.

50

(51)  See point 3 of Article 1 of the proposed directive, replacing Article 19a(2) of the Accounting Directive.

51

(52)  See point 11 of Article 1 of the proposed directive, amending Article 49 of the Accounting Directive.

52

(53)  See point 11 of Article 1 of the proposed directive, amending Article 49 of the Accounting Directive.

53

(54)  See recital 35 of the proposed directive.

54

(55)  Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (OJ L 317, 9.12.2019, p. 1).

55

(56)  Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (OJ L 171, 29.6.2016, p. 1).

56

(57)  See recital 35 of the proposed directive.

57

(58)  See p. 29 of the Eurosystem reply cited in footnote 6.

58

(59)  See point 4 of Article 1 of the proposed directive, inserting Article 19b(1) into the Accounting Directive.

59

(60)  See recital 37 of the proposed directive.

60

(61)  See Article 3 of the proposed directive, amending Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC (OJ L 157, 9.6.2006, p. 87).

61

---

IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

Council

| 3.11.2021 | EN | Official Journal of the European Union | C 446/11 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/11

---

Notice for the attention of persons subject to the restrictive measures provided for in Council Decision (CFSP) 2020/1999 and in Council Regulation (EU) 2020/1998 concerning restrictive measures against serious human rights violations and abuses

(2021/C 446/03)

The following information is brought to the attention of Viktor Vasilievich (Vasilyevich) ZOLOTOV (No 4), ZHU Hailun (No 5), RI Yong Gil (a.k.a. RI Yong Gi, RI Yo’ng-kil, YI Yo’ng-kil) (No 10), Abderrahim AL-KANI (a.k.a. Abdul-Rahim AL-KANI, Abd-al-Rahim AL-KANI) (No 12), Aiub Vakhaevich KATAEV (a.k.a. Ayubkhan Vakhaevich KATAEV) (No 13), Abuzaid (Abuzayed) Dzhandarovich VISMURADOV (No 14) persons that appear in the Annex to Council Decision (CFSP) 2020/1999 and in Annex I to Council Regulation (EU) 2020/1998 concerning restrictive measures against serious human rights violations and abuses.

The Council intends to maintain the restrictive measures against the above-mentioned persons with new statements of reasons. Those persons are hereby informed that they may submit a request to the Council to obtain the intended statements of reasons for their designation, before 10 November 2021, to the following address:

| Council of the European Union |
| --- |
| General Secretariat |
| RELEX.1.C |
| Rue de la Loi/Wetstraat 175 |
| 1048 Bruxelles/Brussel |
| BELGIQUE/BELGIË |
| Email: sanctions@consilium.europa.eu. |

Council of the European Union

General Secretariat

RELEX.1.C

Rue de la Loi/Wetstraat 175

1048 Bruxelles/Brussel

BELGIQUE/BELGIË

Email: sanctions@consilium.europa.eu.

---

European Commission

| 3.11.2021 | EN | Official Journal of the European Union | C 446/12 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/12

---

Euro exchange rates (1)

29 October 2021

(2021/C 446/04)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1645 |
| JPY | Japanese yen | 132,62 |
| DKK | Danish krone | 7,4389 |
| GBP | Pound sterling | 0,84490 |
| SEK | Swedish krona | 9,9368 |
| CHF | Swiss franc | 1,0611 |
| ISK | Iceland króna | 149,80 |
| NOK | Norwegian krone | 9,7495 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 25,697 |
| HUF | Hungarian forint | 360,00 |
| PLN | Polish zloty | 4,6215 |
| RON | Romanian leu | 4,9493 |
| TRY | Turkish lira | 11,1393 |
| AUD | Australian dollar | 1,5455 |
| CAD | Canadian dollar | 1,4383 |
| HKD | Hong Kong dollar | 9,0563 |
| NZD | New Zealand dollar | 1,6255 |
| SGD | Singapore dollar | 1,5676 |
| KRW | South Korean won | 1 362,92 |
| ZAR | South African rand | 17,7447 |
| CNY | Chinese yuan renminbi | 7,4488 |
| HRK | Croatian kuna | 7,5270 |
| IDR | Indonesian rupiah | 16 556,28 |
| MYR | Malaysian ringgit | 4,8222 |
| PHP | Philippine peso | 58,654 |
| RUB | Russian rouble | 82,3284 |
| THB | Thai baht | 38,720 |
| BRL | Brazilian real | 6,5698 |
| MXN | Mexican peso | 23,8048 |
| INR | Indian rupee | 87,1830 |

Currency

Exchange rate

USD

US dollar

1,1645

JPY

Japanese yen

132,62

DKK

Danish krone

7,4389

GBP

Pound sterling

0,84490

SEK

Swedish krona

9,9368

CHF

Swiss franc

1,0611

ISK

Iceland króna

149,80

NOK

Norwegian krone

9,7495

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

25,697

HUF

Hungarian forint

360,00

PLN

Polish zloty

4,6215

RON

Romanian leu

4,9493

TRY

Turkish lira

11,1393

AUD

Australian dollar

1,5455

CAD

Canadian dollar

1,4383

HKD

Hong Kong dollar

9,0563

NZD

New Zealand dollar

1,6255

SGD

Singapore dollar

1,5676

KRW

South Korean won

1 362,92

ZAR

South African rand

17,7447

CNY

Chinese yuan renminbi

7,4488

HRK

Croatian kuna

7,5270

IDR

Indonesian rupiah

16 556,28

MYR

Malaysian ringgit

4,8222

PHP

Philippine peso

58,654

RUB

Russian rouble

82,3284

THB

Thai baht

38,720

BRL

Brazilian real

6,5698

MXN

Mexican peso

23,8048

INR

Indian rupee

87,1830

---

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

---

| 3.11.2021 | EN | Official Journal of the European Union | C 446/13 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/13

---

Euro exchange rates (1)

2 November 2021

(2021/C 446/05)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1603 |
| JPY | Japanese yen | 132,03 |
| DKK | Danish krone | 7,4399 |
| GBP | Pound sterling | 0,84955 |
| SEK | Swedish krona | 9,8973 |
| CHF | Swiss franc | 1,0594 |
| ISK | Iceland króna | 150,80 |
| NOK | Norwegian krone | 9,7920 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 25,572 |
| HUF | Hungarian forint | 359,35 |
| PLN | Polish zloty | 4,6078 |
| RON | Romanian leu | 4,9500 |
| TRY | Turkish lira | 11,0656 |
| AUD | Australian dollar | 1,5544 |
| CAD | Canadian dollar | 1,4389 |
| HKD | Hong Kong dollar | 9,0297 |
| NZD | New Zealand dollar | 1,6260 |
| SGD | Singapore dollar | 1,5637 |
| KRW | South Korean won | 1 363,97 |
| ZAR | South African rand | 17,9158 |
| CNY | Chinese yuan renminbi | 7,4239 |
| HRK | Croatian kuna | 7,5307 |
| IDR | Indonesian rupiah | 16 570,39 |
| MYR | Malaysian ringgit | 4,8135 |
| PHP | Philippine peso | 58,560 |
| RUB | Russian rouble | 83,2159 |
| THB | Thai baht | 38,568 |
| BRL | Brazilian real | 6,5907 |
| MXN | Mexican peso | 24,0730 |
| INR | Indian rupee | 86,6040 |

Currency

Exchange rate

USD

US dollar

1,1603

JPY

Japanese yen

132,03

DKK

Danish krone

7,4399

GBP

Pound sterling

0,84955

SEK

Swedish krona

9,8973

CHF

Swiss franc

1,0594

ISK

Iceland króna

150,80

NOK

Norwegian krone

9,7920

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

25,572

HUF

Hungarian forint

359,35

PLN

Polish zloty

4,6078

RON

Romanian leu

4,9500

TRY

Turkish lira

11,0656

AUD

Australian dollar

1,5544

CAD

Canadian dollar

1,4389

HKD

Hong Kong dollar

9,0297

NZD

New Zealand dollar

1,6260

SGD

Singapore dollar

1,5637

KRW

South Korean won

1 363,97

ZAR

South African rand

17,9158

CNY

Chinese yuan renminbi

7,4239

HRK

Croatian kuna

7,5307

IDR

Indonesian rupiah

16 570,39

MYR

Malaysian ringgit

4,8135

PHP

Philippine peso

58,560

RUB

Russian rouble

83,2159

THB

Thai baht

38,568

BRL

Brazilian real

6,5907

MXN

Mexican peso

24,0730

INR

Indian rupee

86,6040

---

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

---

NOTICES FROM MEMBER STATES

| 3.11.2021 | EN | Official Journal of the European Union | C 446/14 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/14

---

VALUE ADDED TAX (VAT)

EXEMPT INVESTMENT GOLD

List of gold coins meeting the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC of 28 November 2006 (special scheme for investment gold)

Valid for the year 2022

(2021/C 446/06)

EXPLANATORY NOTE

| (a) | This list reflects the contributions sent by Member States to the Commission within the deadline set by Article 345 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (1). |
| --- | --- |

(a)

This list reflects the contributions sent by Member States to the Commission within the deadline set by Article 345 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (1).

| (b) | The coins included in this list are considered to fulfil the criteria of Article 344 and therefore will be treated as investment gold in those Member States. As a result, their supply is exempt from VAT for the whole of the 2022 calendar year. |
| --- | --- |

(b)

The coins included in this list are considered to fulfil the criteria of Article 344 and therefore will be treated as investment gold in those Member States. As a result, their supply is exempt from VAT for the whole of the 2022 calendar year.

| (c) | The exemption will apply to all issues of the given coin in this list, except to issues of coins with a purity lower than 900 thousandths fine. |
| --- | --- |

(c)

The exemption will apply to all issues of the given coin in this list, except to issues of coins with a purity lower than 900 thousandths fine.

| (d) | However, if a coin does not appear in this list, its supply will still be exempt where the coin meets the criteria for the exemption laid down in the VAT Directive. |
| --- | --- |

(d)

However, if a coin does not appear in this list, its supply will still be exempt where the coin meets the criteria for the exemption laid down in the VAT Directive.

| (e) | The list is in alphabetical order, by names of countries and denominations of coins. Within the same category of coins, the listing follows the increasing value of the currency. |
| --- | --- |

(e)

The list is in alphabetical order, by names of countries and denominations of coins. Within the same category of coins, the listing follows the increasing value of the currency.

| (f) | In the list, the denomination of the coins reflects the currency shown on the coins. However, where the currency on the coins is not shown in roman script, where possible, its denomination in the list is shown in parenthesis.






  COUNTRY OF ISSUE | COINS |
| --- | --- | --- |
| AFGHANISTAN | (20 AFGHANI)
  10 000 AFGHANI
  (1/2 AMANI)
  (1 AMANI)
  (2 AMANI)
  (4 GRAMS)
  (8 GRAMS)
  1 TILLA
  2 TILLAS |
| ALBANIA | 20 LEKE
  50 LEKE
  100 LEKE
  200 LEKE
  500 LEKE
  10 FRANGA
  20 FRANGA
  50 FRANGA
  100 FRANGA |
| ALDERNEY | QUARTER SOVEREIGN
  HALF SOVEREIGN
  ONE SOVEREIGN
  DOUBLE SOVEREIGN
  FIVE SOVEREIGNS
  TWENTY SOVEREIGNS
  1 POUND
  2 POUNDS
  5 POUNDS
  20 POUNDS
  25 POUNDS
  50 POUNDS
  100 POUNDS
  1 000 POUNDS |
| ANDORRA | 5 CENTIMES
  1 DINER
  5 DINERS
  20 DINERS
  50 DINERS
  100 DINERS
  250 DINERS
  1 SOVEREIGN |
| ANGUILLA | 5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  100 DOLLARS |
| ARGENTINA | 1 ARGENTINO
  5 PESOS
  25 PESOS
  50 PESOS |
| ARMENIA | 100 DRAM
  10 000 DRAM
  25 000 DRAM
  50 000 DRAM |
| ARUBA | 10 FLORIN
  25 FLORIN
  50 FLORIN
  100 FLORIN |
| AUSTRALIA | 5 DOLLARS
  10 DOLLARS
  15 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  150 DOLLARS
  200 DOLLARS
  250 DOLLARS
  500 DOLLARS
  1 000 DOLLARS
  2 500 DOLLARS
  3 000 DOLLARS
  10 000 DOLLARS
  1/2 SOVEREIGN (= 1/2 POUND)
  1 SOVEREIGN (= 1 POUND) |
| AUSTRIA | 10 CORONA (= 10 KRONEN)
  20 CORONA (= 20 KRONEN)
  100 CORONA (= 100 KRONEN)
  (4 DUKATEN)
  4 EURO (1/25 oz ‘Philharmoniker’)
  10 EURO
  25 EURO
  50 EURO
  100 EURO
  2 000 EURO
  100 000 EURO
  4 FLORIN = 10 FRANCS (= 4 GULDEN)
  8 FLORIN = 20 FRANCS (= 8 GULDEN)
  25 SCHILLING
  100 SCHILLING
  200 SCHILLING
  200 SHILLING/10 EURO
  500 SCHILLING
  1 000 SCHILLING
  2 000 SCHILLING |
| BAHAMAS | 5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  150 DOLLARS
  200 DOLLARS
  250 DOLLARS
  2 500 DOLLARS |
| BARBADOS | 10 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  200 DOLLARS
  250 DOLLARS |
| BELGIUM | 10 ECU
  20 ECU
  25 ECU
  50 ECU
  100 ECU
  12 1/2 EURO
  25 EURO
  50 EURO
  100 EURO
  10 FRANCS
  20 FRANCS
  5 000 FRANCS |
| BELIZE | 25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  250 DOLLARS
  500 DOLLARS |
| BERMUDA | 10 DOLLARS
  25 DOLLARS
  30 DOLLARS
  50 DOLLARS
  60 DOLLARS
  100 DOLLARS
  180 DOLLARS
  200 DOLLARS
  250 DOLLARS |
| BHUTAN | 1 SERTUM
  2 SERTUMS
  5 SERTUMS |
| BIAFRA | 1 POUND
  2 POUNDS
  5 POUNDS
  10 POUNDS
  25 POUNDS |
| BOLIVIA | 4 000 PESOS BOLIVIANOS |
| BOTSWANA | 5 PULA
  150 PULA
  10 THEBE |
| BRAZIL | 300 CRUZEIROS
  (4 000 REIS)
  (5 000 REIS)
  (6 400 REIS)
  (10 000 REIS)
  (20 000 REIS)
  10 REAIS
  20 REAIS |
| BRITISH VIRGIN ISLANDS | 20 DOLLARS
  100 DOLLARS
  250 DOLLARS
  500 DOLLARS |
| BULGARIA | (1 LEV)
  (5 LEVA)
  (10 LEVA)
  (100 LEVA)
  100 LEVA (‘Св. Първомъченик Стефан’)
  (125 LEVA)
  (1 000 LEVA)
  (10 000 LEVA)
  (20 000 LEVA) |
| BURUNDI | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS |
| CANADA | 1 DOLLAR
  2 DOLLARS
  5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  50 DOLLARS
  100 DOLLARS
  175 DOLLARS
  200 DOLLARS
  350 DOLLARS
  1 SOVEREIGN |
| CAYMAN ISLANDS | 25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  250 DOLLARS |
| CHAD | 3 000 FRANCS
  5 000 FRANCS
  10 000 FRANCS
  20 000 FRANCS |
| CHILE | 2 PESOS
  5 PESOS
  10 PESOS
  20 PESOS
  50 PESOS
  100 PESOS
  200 PESOS
  500 PESOS |
| CHINA | 5/20 YUAN (1/20 oz)
  10/50 YUAN (1/10 oz)
  25/100 YUAN (1/4 oz)
  50/200 YUAN (1/2 oz)
  100/500 YUAN (1 oz)
  5 (YUAN)
  10 (YUAN)
  20 (YUAN)
  25 (YUAN)
  50 (YUAN)
  100 (YUAN)
  150 (YUAN)
  200 (YUAN)
  250 (YUAN)
  300 (YUAN)
  400 (YUAN)
  450 (YUAN)
  500 (YUAN)
  1 000 (YUAN)
  2 000 (YUAN)
  10 000 (YUAN) |
| COLOMBIA | 1 PESO
  2 PESOS
  2 1/2 PESOS
  5 PESOS
  10 PESOS
  20 PESOS
  100 PESOS
  200 PESOS
  300 PESOS
  500 PESOS
  1 000 PESOS
  1 500 PESOS
  2 000 PESOS
  15 000 PESOS |
| CONGO | 10 FRANCS
  20 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS |
| COOK ISLANDS | 5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  25 DOLLARS
  100 DOLLARS
  200 DOLLARS
  250 DOLLARS |
| COSTA RICA | 5 COLONES
  10 COLONES
  20 COLONES
  50 COLONES
  100 COLONES
  200 COLONES
  1 500 COLONES
  5 000 COLONES
  25 000 COLONES
  100 000 COLONES |
| CROATIA | 1 KUNA
  10 KUNA
  20 KUNA
  500 KUNA
  1 000 KUNA |
| CUBA | 4 PESOS
  5 PESOS
  10 PESOS
  20 PESOS
  50 PESOS
  100 PESOS |
| CYPRUS | 50 POUNDS |
| CZECH REPUBLIC | 1 000 KORUN (1 000 Kč)
  2 000 KORUN (2 000 Kč)
  2 500 KORUN (2 500 Kč)
  5 000 KORUN (5 000 Kč)
  10 000 KORUN (10 000 Kč) |
| CZECHOSLOVAKIA | 1 DUKÁT
  2 DUKÁT
  5 DUKÁT
  10 DUKÁT |
| DENMARK | 10 KRONER
  20 KRONER
  1 000 KRONER |
| DOMINICAN REPUBLIC | 30 PESOS
  100 PESOS
  200 PESOS
  250 PESOS |
| EAST CARIBBEAN STATES | 1 DOLLAR
  2.50 DOLLARS
  5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  50 DOLLARS
  100 DOLLARS
  200 DOLLARS |
| ECUADOR | 1 CONDOR
  10 SUCRES |
| EL SALVADOR | 25 COLONES
  50 COLONES
  100 COLONES
  200 COLONES
  250 COLONES |
| EQUATORIAL GUINEA | 250 PESETAS
  500 PESETAS
  750 PESETAS
  1 000 PESETAS
  5 000 PESETAS |
| ESTONIA | 100 KROONI |
| ETHIOPIA | 400 BIRR
  600 BIRR
  10 (DOLLARS)
  20 (DOLLARS)
  50 (DOLLARS)
  100 (DOLLARS)
  200 (DOLLARS) |
| FALKLANDS ISLANDS | 1/25 CROWN |
| FIJI | 5 DOLLARS
  10 DOLLARS
  200 DOLLARS
  250 DOLLARS |
| FINLAND | 100 EURO
  1 MARKKA
  20 MARKKAA
  1 000 MARKKAA
  2 000 MARKKAA |
| FRANCE | 1/4 EURO
  5 EURO
  10 EURO
  20 EURO
  50 EURO
  100 EURO
  200 EURO
  250 EURO
  500 EURO
  1 000 EURO
  5 000 EURO
  5 FRANCS
  10 FRANCS
  20 FRANCS
  40 FRANCS
  50 FRANCS
  100 FRANCS
  500 FRANCS
  655.97 FRANCS |
| GABON | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS
  1 000 FRANCS
  3 000 FRANCS
  5 000 FRANCS
  10 000 FRANCS
  20 000 FRANCS |
| GAMBIA | 200 DALASIS
  500 DALASIS
  1 000 DALASIS |
| GERMANY | 1 DM
  50 EURO
  100 EURO |
| GIBRALTAR | 1/25 CROWN
  1/10 CROWN
  1/5 CROWN
  1/2 CROWN
  1 CROWN
  2 CROWNS
  50 PENCE
  1 POUND
  5 POUNDS
  25 POUNDS
  50 POUNDS
  100 POUNDS
  1/25 ROYAL
  1/10 ROYAL
  1/5 ROYAL
  1/2 ROYAL
  1 ROYAL |
| | |
| GUATEMALA | 5 QUETZALES
  10 QUETZALES
  20 QUETZALES |
| GUERNSEY | 1 POUND
  5 POUNDS
  10 POUNDS
  25 POUNDS
  50 POUNDS
  100 POUNDS |
| GUINEA | 1 000 FRANCS
  2 000 FRANCS
  5 000 FRANCS
  10 000 FRANCS |
| HAITI | 20 GOURDES
  50 GOURDES
  100 GOURDES
  200 GOURDES
  500 GOURDES
  1 000 GOURDES |
| HONDURAS | 200 LEMPIRAS
  500 LEMPIRAS |
| HONG KONG | 1 000 DOLLARS |
| HUNGARY | 1 DUKAT
  4 FORINT = 10 FRANCS
  8 FORINT = 20 FRANCS
  50 FORINT
  100 FORINT
  200 FORINT
  500 FORINT
  1 000 FORINT
  5 000 FORINT
  10 000 FORINT
  20 000 FORINT
  50 000 FORINT
  100 000 FORINT
  500 000 FORINT
  10 KORONA
  20 KORONA
  100 KORONA |
| ICELAND | 500 KRONUR
  10 000 KRONUR |
| INDIA | 1 MOHUR
  15 RUPEES
  1 SOVEREIGN |
| INDONESIA | 2 000 RUPIAH
  5 000 RUPIAH
  10 000 RUPIAH
  20 000 RUPIAH
  25 000 RUPIAH
  100 000 RUPIAH
  200 000 RUPIAH |
| IRAN | (1/2 AZADI)
  (1 AZADI)
  (1/4 PAHLAVI)
  (1/2 PAHLAVI)
  (1 PAHLAVI)
  (2 1/2 PAHLAVI)
  (5 PAHLAVI)
  (10 PAHLAVI)
  50 POUND
  500 RIALS
  750 RIALS
  1 000 RIALS
  2 000 RIALS |
| IRAQ | (5 DINARS)
  (50 DINARS)
  (100 DINARS) |
| IRELAND | 20 EURO (year of minting 2006-2009)
  100 EURO |
| ISLE OF MAN | 1/20 ANGEL
  1/10 ANGEL
  1/4 ANGEL
  1/2 ANGEL
  1 ANGEL
  5 ANGEL
  10 ANGEL
  15 ANGEL
  20 ANGEL
  1/25 CROWN
  1/10 CROWN
  1/5 CROWN
  1/2 CROWN
  1 CROWN
  50 PENCE
  1 POUND
  2 POUNDS
  5 POUNDS
  50 POUNDS
  (1/2 SOVEREIGN)
  (1 SOVEREIGN)
  (2 SOVEREIGNS)
  (5 SOVEREIGNS) |
| ISRAEL | 20 LIROT
  50 LIROT
  100 LIROT
  200 LIROT
  500 LIROT
  1 000 LIROT
  5 000 LIROT
  5 NEW SHEQALIM
  10 NEW SHEQALIM
  20 NEW SHEQALIM
  5 SHEQALIM
  10 SHEQALIM
  500 SHEQEL |
| ITALY | 10 EURO
  20 EURO
  50 EURO
  5 LIRE
  10 LIRE
  20 LIRE
  40 LIRE
  80 LIRE
  100 LIRE |
| IVORY COAST | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS |
| JAMAICA | 100 DOLLARS
  250 DOLLARS |
| JAPAN | 10 000 YEN |
| JERSEY | 1 POUND
  2 POUNDS
  5 POUNDS
  10 POUNDS
  20 POUNDS
  25 POUNDS
  50 POUNDS
  100 POUNDS
  1 SOVEREIGN |
| JORDAN | 2 DINARS
  5 DINARS
  10 DINARS
  25 DINARS
  50 DINARS
  60 DINARS |
| KATANGA | 5 FRANCS |
| KAZAKHSTAN | 100 TENGE |
| KENYA | 100 SHILLINGS
  250 SHILLINGS
  500 SHILLINGS |
| KIRIBATI | 150 DOLLARS |
| LATVIA | 5 EURO (‘Zelta saktas. Ripsakta’)
  5 EURO (‘Zelta atslēdziņa’)
  20 EURO (‘Zelta saktas. Pakavsakta’)
  75 EURO (‘Zelta saktas. Burbuļsakta’)
  1 LATS (‘Ak, svētā Lestene!’)
  1 LATS (‘Jūgendstils Rīgā’)
  1 LATS (‘Zelta ābele’)
  5 LATI (‘Pieclatnieks’)
  10 LATU (‘Gafelšoneris “Julia Maria”’)
  10 LATU (‘Zelta vēsture’)
  20 LATU (‘Latvijas monēta’)
  100 LATU apgrozības monēta |
| LESOTHO | 1 LOTI
  2 MALOTI
  4 MALOTI
  10 MALOTI
  20 MALOTI
  50 MALOTI
  100 MALOTI
  250 MALOTI
  500 MALOTI |
| LIBERIA | 12 DOLLARS
  20 DOLLARS
  25 DOLLARS
  30 DOLLARS
  50 DOLLARS
  100 DOLLARS
  200 DOLLARS
  250 DOLLARS
  500 DOLLARS
  2 500 DOLLARS |
| LIECHTENSTEIN | 10 FRANKEN
  20 FRANKEN
  25 FRANKEN
  50 FRANKEN
  100 FRANKEN |
| LITHUANIA | 5 EURO
  50 EURO
  10 LITŲ
  50 LITŲ
  100 LITŲ
  500 LITŲ |
| LUXEMBOURG | 175 EURO CENT
  2,5 EURO
  5 EURO
  10 EURO
  15 EURO
  20 EURO
  25 EURO
  100 EURO
  250 EURO
  20 FRANCS |
| MACAU | 250 PATACAS
  500 PATACAS
  1 000 PATACAS
  10 000 PATACAS |
| MALAWI | 250 KWACHA |
| MALAYSIA | 100 RINGGIT
  200 RINGGIT
  250 RINGGIT
  500 RINGGIT |
| MALI | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS |
| MALTA | 15 EURO
  50 EURO
  5 (LIRI)
  10 (LIRI)
  20 (LIRI)
  25 (LIRI)
  50 (LIRI)
  100 (LIRI)
  LM 25 |
| MARSHALL ISLANDS | 20 DOLLARS
  50 DOLLARS
  200 DOLLARS |
| MAURITIUS | 100 RUPEES
  200 RUPEES
  250 RUPEES
  500 RUPEES
  1 000 RUPEES |
| MEXICO | 1/20 ONZA
  1/10 ONZA
  1/4 ONZA
  1/2 ONZA
  1 ONZA
  2 PESOS
  2 1/2 PESOS
  5 PESOS
  10 PESOS
  20 PESOS
  50 PESOS
  250 PESOS
  500 PESOS
  1 000 PESOS
  2 000 PESOS |
| MONACO | 10 EURO
  20 EURO
  100 EURO
  20 FRANCS
  100 FRANCS
  200 FRANCS |
| MONGOLIA | 750 (TUGRIK)
  1 000 (TUGRIK)
  5 000 (TUGRIK) |
| NEPAL | 1 ASARPHI
  1 000 RUPEES |
| NETHERLANDS | (1 DUKAAT)
  (2 DUKAAT)
  10 EURO
  20 EURO
  50 EURO
  1 GULDEN
  5 GULDEN
  10 GULDEN |
| NETHERLANDS ANTILLES | 5 GULDEN
  10 GULDEN
  50 GULDEN
  100 GULDEN
  300 GULDEN |
| NEW ZEALAND | 50 CENTS
  1 DOLLAR
  2 DOLLARS
  5 DOLLARS
  10 DOLLARS
  50 DOLLARS
  100 DOLLARS
  150 DOLLARS
  1,56 grammes/ 1/20 ounce
  3,11 grammes/ 1/10 ounce
  7,77 grammes/ 1/4 ounce
  15,56 grammes/ 1/2 ounce |
| NICARAGUA | 50 CORDOBAS |
| NIGER | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS |
| NIUE | 2 1/2 DOLLARS (250 CENTS)
  5 DOLLARS
  10 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  250 DOLLARS
  500 DOLLARS
  10 000 DOLLARS |
| NORTHERN MARIANA ISLANDS | 5 DOLLARS |
| NORWAY | 20 KRONER
  1 500 KRONER |
| OMAN | 25 BAISA
  50 BAISA
  100 BAISA
  1/4 OMANI RIAL
  1/2 OMANI RIAL
  OMANI RIAL
  5 OMANI RIALS
  10 OMANI RIALS
  15 OMANI RIALS
  20 OMANI RIALS
  25 OMANI RIALS
  75 OMANI RIALS |
| PAKISTAN | 3 000 RUPEES |
| PALAU | 1 DOLLAR |
| PANAMA | 100 BALBOAS
  500 BALBOAS |
| PAPUA NEW GUINEA | 100 KINA |
| PERU | 1/5 LIBRA
  1/2 LIBRA
  1 LIBRA
  5 SOLES
  10 SOLES
  20 SOLES
  50 SOLES
  100 SOLES |
| PHILIPPINES | 1 000 PISO
  1 500 PISO
  5 000 PISO |
| POLAND | 1 GROSZ
  2 GROSZE
  5 GROSZY
  10 GROSZY
  20 GROSZY
  50 GROSZY
  1 ZŁOTY
  2 ZŁOTE
  5 ZŁOTYCH
  30 ZŁOTYCH
  50 ZŁOTYCH
  100 ZŁOTYCH
  (exception: 100 ZŁOTYCH ‘Beatyfikacja Jana Pawła II 1 V 2011’)
  200 ZŁOTYCH
  (exception: 200 ZŁOTYCH ‘100-lecie Politechniki Warszawskiej’)
  500 ZŁOTYCH
  2 018 ZŁOTYCH |
| PORTUGAL | 1 ESCUDO
  100 ESCUDOS
  200 ESCUDOS
  500 ESCUDOS
  5 EURO
  8 EURO
  10 000 REIS |
| RHODESIA | 1 POUND
  5 POUNDS
  10 SHILLINGS |
| ROMANIA | 20 LEI (from year 1 883 ) |
| RUSSIA | 1 TSERVONETS (year of minting 1 975 )
  7,5 ROUBLES (year of minting 1 897 )
  10 (ROUBLES)
  15 (ROUBLES)
  25 (ROUBLES)
  50 (ROUBLES)
  100 (ROUBLES)
  200 (ROUBLES)
  1 000 (ROUBLES)
  10 000 (ROUBLES) |
| RWANDA | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS
  200 FRANCS |
| ST GEORGIA & SOUTHERN SANDWICH ISLANDS | 4 POUNDS |
| SAINT HELENA | 1/16 GUINEA
  1/8 GUINEA
  1/4 GUINEA
  1/2 GUINEA
  1 GUINEA
  2 GUINEAS
  5 GUINEAS
  2 POUNDS
  5 POUNDS
  1/16 SOVEREIGN
  1/8 SOVEREIGN
  1/4 SOVEREIGN
  1/2 SOVEREIGN
  SOVEREIGN |
| SAN MARINO | 20 EURO
  50 EURO
  1 SCUDO
  2 SCUDI
  5 SCUDI
  10 SCUDI |
| SAUDI ARABIA | 1 GUINEA (= 1 SAUDI POUND) |
| SENEGAL | 10 FRANCS
  25 FRANCS
  50 FRANCS
  100 FRANCS
  250 FRANCS
  500 FRANCS
  1 000 FRANCS
  2 500 FRANCS |
| SERBIA | 10 DINARA
  20 DINARA |
| SEYCHELLES | 1 000 RUPEES
  1 500 RUPEES |
| SIERRA LEONE | 10 DOLLARS
  20 DOLLARS
  50 DOLLARS
  100 DOLLARS
  250 DOLLARS
  500 DOLLARS
  2 500 DOLLARS
  1/4 GOLDE
  1/2 GOLDE
  1 GOLDE
  5 GOLDE
  10 GOLDE
  1 LEONE |
| SINGAPORE | 1 DOLLAR
  2 DOLLARS
  5 DOLLARS
  10 DOLLARS
  20 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS
  150 DOLLARS
  250 DOLLARS
  500 DOLLARS |
| SLOVAK REPUBLIC | 100 EURO
  5 000 KORUN (5 000 Sk)
  10 000 KORUN (10 000 Sk) |
| SLOVENIA | 100 EURO
  5 000 TOLARS
  20 000 TOLARS
  25 000 TOLARS |
| SOLOMON ISLANDS | 10 DOLLARS
  25 DOLLARS
  50 DOLLARS
  100 DOLLARS |
| SOMALIA | 20 SHILLINGS
  50 SHILLINGS
  100 SHILLINGS
  200 SHILLINGS
  500 SHILLINGS
  1 500 SHILLINGS |
| SOUTH AFRICA | 1/10 KRUGERRAND
  1/4 KRUGERRAND
  1/2 KRUGERRAND
  1 KRUGERRAND
  1/10 oz NATURA
  1/4 oz NATURA
  1/2 oz NATURA
  1 oz NATURA
  1/2 POND
  1 POND
  1/10 PROTEA
  1 PROTEA
  1 RAND
  2 RAND
  5 RAND
  25 RAND
  1/2 SOVEREIGN (= 1⁄2 POUND)
  1 SOVEREIGN (= 1 POUND) |
| SOUTH KOREA | 2 500 WON
  20 000 WON
  25 000 WON
  30 000 WON
  50 000 WON |
| SPAIN | 2 (ESCUDOS)
  10 (ESCUDOS)
  20 EURO
  100 EURO
  200 EURO
  400 EURO
  10 PESETAS
  20 PESETAS
  25 PESETAS
  5 000 PESETAS
  10 000 PESETAS
  20 000 PESETAS
  40 000 PESETAS
  80 000 PESETAS
  80 (REALES)
  100 (REALES) |
| SUDAN | 25 POUNDS
  50 POUNDS
  100 POUNDS |
| SURINAME | 20 DOLLARS
  50 DOLLARS
  100 GULDEN |
| SWAZILAND | 2 EMALANGENI
  5 EMALANGENI
  10 EMALANGENI
  20 EMALANGENI
  25 EMALANGENI
  50 EMALANGENI
  100 EMALANGENI
  250 EMALANGENI
  1 LILANGENI |
| SWEDEN | 5 KRONOR
  10 KRONOR
  20 KRONOR
  1 000 KRONOR
  2 000 KRONOR
  4 000 KRONOR |
| SWITZERLAND | 10 FRANCS
  20 FRANCS
  50 FRANCS
  100 FRANCS |
| SYRIA | (1/2 POUND)
  (1 POUND) |
| TANZANIA | 1 500 SHILINGI
  2 000 SHILINGI |
| THAILAND | (150 BAHT)
  (300 BAHT)
  (400 BAHT)
  (600 BAHT)
  (800 BAHT)
  (1 500 BAHT)
  (2 500 BAHT)
  (3 000 BAHT)
  (4 000 BAHT)
  (5 000 BAHT)
  (6 000 BAHT) |
| TOGO | 1 500 FRANCS |
| TONGA | 1/2 HAU
  1 HAU
  5 HAU
  1/4 KOULA
  1/2 KOULA
  1 KOULA |
| TRISTAN DA CUNHA | 1/16 GUINEA
  1/8 GUINEA
  1/4 GUINEA
  1/2 GUINEA
  1 GUINEA
  2 GUINEAS
  5 GUINEAS
  2 POUNDS
  5 POUNDS
  1/16 SOVEREIGN
  1/8 SOVEREIGN
  QUARTER SOVEREIGN
  HALF SOVEREIGN
  SOVEREIGN |
| TUNISIA | 2 DINARS
  5 DINARS
  10 DINARS
  20 DINARS
  40 DINARS
  75 DINARS
  10 FRANCS
  20 FRANCS
  100 FRANCS
  5 PIASTRES |
| TURKEY | (25 KURUSH) (= 25 PIASTRES)
  (50 KURUSH) (= 50 PIASTRES)
  (100 KURUSH) (= 100 PIASTRES)
  (250 KURUSH) (= 250 PIASTRES)
  (500 KURUSH) (= 500 PIASTRES)
  1/2 LIRA
  1 LIRA
  500 LIRA
  1 000 LIRA
  10 000 LIRA
  50 000 LIRA
  100 000 LIRA
  200 000 LIRA
  1 000 000 LIRA
  60 000 000 LIRA |
| TURKS & CAICOS ISLANDS | 100 CROWNS |
| TUVALU | 50 DOLLARS |
| UGANDA | 50 SHILLINGS
  100 SHILLINGS
  500 SHILLINGS
  1 000 SHILLINGS |
| UNITED ARAB EMIRATES | (500 DIRHAMS)
  (750 DIRHAMS)
  (1 000 DIRHAMS) |
| UNITED KINGDOM | (1/3 GUINEA)
  (1/2 GUINEA)
  1 PENNY
  2 PENCE
  5 PENCE
  10 PENCE
  20 PENCE
  50 PENCE
  1 POUND
  2 POUNDS
  5 POUNDS
  10 POUNDS
  25 POUNDS
  50 POUNDS
  100 POUNDS
  200 POUNDS
  500 POUNDS
  800 POUNDS (30 OZ BRITANNIA)
  1 000 POUNDS
  2 000 POUNDS
  5 000 POUNDS
  10 000 POUNDS
  QUARTER SOVEREIGN
  1/2 SOVEREIGN
  (1 SOVEREIGN) (= 1 POUND)
  2 SOVEREIGNS
  (5 SOVEREIGNS) |
| URUGUAY | 5 000 NUEVO PESOS
  20 000 NUEVO PESOS
  5 PESOS |
| USA | 2 1/2 DOLLARS
  5 DOLLARS
  10 DOLLARS (AMERICAN EAGLE)
  20 DOLLARS
  25 DOLLARS
  50 DOLLARS
  50 DOLLARS (AMERICAN BUFFALO)
  50 DOLLARS (AMERICAN EAGLE) |
| VATICAN | 20 EURO
  50 EURO
  10 LIRE
  20 LIRE |
| VENEZUELA | (10 BOLIVARES)
  (20 BOLIVARES)
  (100 BOLIVARES)
  1 000 BOLIVARES
  3 000 BOLIVARES
  5 000 BOLIVARES
  10 000 BOLIVARES
  5 VENEZOLANOS |
| WESTERN SAMOA | 50 TALA
  100 TALA |
| YUGOSLAVIA | 20 DINARA
  100 DINARA
  200 DINARA
  500 DINARA
  1 000 DINARA
  1 500 DINARA
  2 000 DINARA
  2 500 DINARA
  5 000 DINARA
  1 DUCAT
  4 DUCATS |
| ZAIRE | 100 ZAIRES |
| ZAMBIA | 250 KWACHA
  500 KWACHA |

(f)

In the list, the denomination of the coins reflects the currency shown on the coins. However, where the currency on the coins is not shown in roman script, where possible, its denomination in the list is shown in parenthesis.

COUNTRY OF ISSUE

COINS

AFGHANISTAN

(20 AFGHANI)

10 000 AFGHANI

(1/2 AMANI)

(1 AMANI)

(2 AMANI)

(4 GRAMS)

(8 GRAMS)

1 TILLA

2 TILLAS

ALBANIA

20 LEKE

50 LEKE

100 LEKE

200 LEKE

500 LEKE

10 FRANGA

20 FRANGA

50 FRANGA

100 FRANGA

ALDERNEY

QUARTER SOVEREIGN

HALF SOVEREIGN

ONE SOVEREIGN

DOUBLE SOVEREIGN

FIVE SOVEREIGNS

TWENTY SOVEREIGNS

1 POUND

2 POUNDS

5 POUNDS

20 POUNDS

25 POUNDS

50 POUNDS

100 POUNDS

1 000 POUNDS

ANDORRA

5 CENTIMES

1 DINER

5 DINERS

20 DINERS

50 DINERS

100 DINERS

250 DINERS

1 SOVEREIGN

ANGUILLA

5 DOLLARS

10 DOLLARS

20 DOLLARS

100 DOLLARS

ARGENTINA

1 ARGENTINO

5 PESOS

25 PESOS

50 PESOS

ARMENIA

100 DRAM

10 000 DRAM

25 000 DRAM

50 000 DRAM

ARUBA

10 FLORIN

25 FLORIN

50 FLORIN

100 FLORIN

AUSTRALIA

5 DOLLARS

10 DOLLARS

15 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

150 DOLLARS

200 DOLLARS

250 DOLLARS

500 DOLLARS

1 000 DOLLARS

2 500 DOLLARS

3 000 DOLLARS

10 000 DOLLARS

1/2 SOVEREIGN (= 1/2 POUND)

1 SOVEREIGN (= 1 POUND)

AUSTRIA

10 CORONA (= 10 KRONEN)

20 CORONA (= 20 KRONEN)

100 CORONA (= 100 KRONEN)

(4 DUKATEN)

4 EURO (1/25 oz ‘Philharmoniker’)

10 EURO

25 EURO

50 EURO

100 EURO

2 000 EURO

100 000 EURO

4 FLORIN = 10 FRANCS (= 4 GULDEN)

8 FLORIN = 20 FRANCS (= 8 GULDEN)

25 SCHILLING

100 SCHILLING

200 SCHILLING

200 SHILLING/10 EURO

500 SCHILLING

1 000 SCHILLING

2 000 SCHILLING

BAHAMAS

5 DOLLARS

10 DOLLARS

20 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

150 DOLLARS

200 DOLLARS

250 DOLLARS

2 500 DOLLARS

BARBADOS

10 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

200 DOLLARS

250 DOLLARS

BELGIUM

10 ECU

20 ECU

25 ECU

50 ECU

100 ECU

12 1/2 EURO

25 EURO

50 EURO

100 EURO

10 FRANCS

20 FRANCS

5 000 FRANCS

BELIZE

25 DOLLARS

50 DOLLARS

100 DOLLARS

250 DOLLARS

500 DOLLARS

BERMUDA

10 DOLLARS

25 DOLLARS

30 DOLLARS

50 DOLLARS

60 DOLLARS

100 DOLLARS

180 DOLLARS

200 DOLLARS

250 DOLLARS

BHUTAN

1 SERTUM

2 SERTUMS

5 SERTUMS

BIAFRA

1 POUND

2 POUNDS

5 POUNDS

10 POUNDS

25 POUNDS

BOLIVIA

4 000 PESOS BOLIVIANOS

BOTSWANA

5 PULA

150 PULA

10 THEBE

BRAZIL

300 CRUZEIROS

(4 000 REIS)

(5 000 REIS)

(6 400 REIS)

(10 000 REIS)

(20 000 REIS)

10 REAIS

20 REAIS

BRITISH VIRGIN ISLANDS

20 DOLLARS

100 DOLLARS

250 DOLLARS

500 DOLLARS

BULGARIA

(1 LEV)

(5 LEVA)

(10 LEVA)

(100 LEVA)

100 LEVA (‘Св. Първомъченик Стефан’)

(125 LEVA)

(1 000 LEVA)

(10 000 LEVA)

(20 000 LEVA)

BURUNDI

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

CANADA

1 DOLLAR

2 DOLLARS

5 DOLLARS

10 DOLLARS

20 DOLLARS

50 DOLLARS

100 DOLLARS

175 DOLLARS

200 DOLLARS

350 DOLLARS

1 SOVEREIGN

CAYMAN ISLANDS

25 DOLLARS

50 DOLLARS

100 DOLLARS

250 DOLLARS

CHAD

3 000 FRANCS

5 000 FRANCS

10 000 FRANCS

20 000 FRANCS

CHILE

2 PESOS

5 PESOS

10 PESOS

20 PESOS

50 PESOS

100 PESOS

200 PESOS

500 PESOS

CHINA

5/20 YUAN (1/20 oz)

10/50 YUAN (1/10 oz)

25/100 YUAN (1/4 oz)

50/200 YUAN (1/2 oz)

100/500 YUAN (1 oz)

5 (YUAN)

10 (YUAN)

20 (YUAN)

25 (YUAN)

50 (YUAN)

100 (YUAN)

150 (YUAN)

200 (YUAN)

250 (YUAN)

300 (YUAN)

400 (YUAN)

450 (YUAN)

500 (YUAN)

1 000 (YUAN)

2 000 (YUAN)

10 000 (YUAN)

COLOMBIA

1 PESO

2 PESOS

2 1/2 PESOS

5 PESOS

10 PESOS

20 PESOS

100 PESOS

200 PESOS

300 PESOS

500 PESOS

1 000 PESOS

1 500 PESOS

2 000 PESOS

15 000 PESOS

CONGO

10 FRANCS

20 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

COOK ISLANDS

5 DOLLARS

10 DOLLARS

20 DOLLARS

25 DOLLARS

100 DOLLARS

200 DOLLARS

250 DOLLARS

COSTA RICA

5 COLONES

10 COLONES

20 COLONES

50 COLONES

100 COLONES

200 COLONES

1 500 COLONES

5 000 COLONES

25 000 COLONES

100 000 COLONES

CROATIA

1 KUNA

10 KUNA

20 KUNA

500 KUNA

1 000 KUNA

CUBA

4 PESOS

5 PESOS

10 PESOS

20 PESOS

50 PESOS

100 PESOS

CYPRUS

50 POUNDS

CZECH REPUBLIC

1 000 KORUN (1 000 Kč)

2 000 KORUN (2 000 Kč)

2 500 KORUN (2 500 Kč)

5 000 KORUN (5 000 Kč)

10 000 KORUN (10 000 Kč)

CZECHOSLOVAKIA

1 DUKÁT

2 DUKÁT

5 DUKÁT

10 DUKÁT

DENMARK

10 KRONER

20 KRONER

1 000 KRONER

DOMINICAN REPUBLIC

30 PESOS

100 PESOS

200 PESOS

250 PESOS

EAST CARIBBEAN STATES

1 DOLLAR

2.50 DOLLARS

5 DOLLARS

10 DOLLARS

20 DOLLARS

50 DOLLARS

100 DOLLARS

200 DOLLARS

ECUADOR

1 CONDOR

10 SUCRES

EL SALVADOR

25 COLONES

50 COLONES

100 COLONES

200 COLONES

250 COLONES

EQUATORIAL GUINEA

250 PESETAS

500 PESETAS

750 PESETAS

1 000 PESETAS

5 000 PESETAS

ESTONIA

100 KROONI

ETHIOPIA

400 BIRR

600 BIRR

10 (DOLLARS)

20 (DOLLARS)

50 (DOLLARS)

100 (DOLLARS)

200 (DOLLARS)

FALKLANDS ISLANDS

1/25 CROWN

FIJI

5 DOLLARS

10 DOLLARS

200 DOLLARS

250 DOLLARS

FINLAND

100 EURO

1 MARKKA

20 MARKKAA

1 000 MARKKAA

2 000 MARKKAA

FRANCE

1/4 EURO

5 EURO

10 EURO

20 EURO

50 EURO

100 EURO

200 EURO

250 EURO

500 EURO

1 000 EURO

5 000 EURO

5 FRANCS

10 FRANCS

20 FRANCS

40 FRANCS

50 FRANCS

100 FRANCS

500 FRANCS

655.97 FRANCS

GABON

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

1 000 FRANCS

3 000 FRANCS

5 000 FRANCS

10 000 FRANCS

20 000 FRANCS

GAMBIA

200 DALASIS

500 DALASIS

1 000 DALASIS

GERMANY

1 DM

50 EURO

100 EURO

GIBRALTAR

1/25 CROWN

1/10 CROWN

1/5 CROWN

1/2 CROWN

1 CROWN

2 CROWNS

50 PENCE

1 POUND

5 POUNDS

25 POUNDS

50 POUNDS

100 POUNDS

1/25 ROYAL

1/10 ROYAL

1/5 ROYAL

1/2 ROYAL

1 ROYAL

GUATEMALA

5 QUETZALES

10 QUETZALES

20 QUETZALES

GUERNSEY

1 POUND

5 POUNDS

10 POUNDS

25 POUNDS

50 POUNDS

100 POUNDS

GUINEA

1 000 FRANCS

2 000 FRANCS

5 000 FRANCS

10 000 FRANCS

HAITI

20 GOURDES

50 GOURDES

100 GOURDES

200 GOURDES

500 GOURDES

1 000 GOURDES

HONDURAS

200 LEMPIRAS

500 LEMPIRAS

HONG KONG

1 000 DOLLARS

HUNGARY

1 DUKAT

4 FORINT = 10 FRANCS

8 FORINT = 20 FRANCS

50 FORINT

100 FORINT

200 FORINT

500 FORINT

1 000 FORINT

5 000 FORINT

10 000 FORINT

20 000 FORINT

50 000 FORINT

100 000 FORINT

500 000 FORINT

10 KORONA

20 KORONA

100 KORONA

ICELAND

500 KRONUR

10 000 KRONUR

INDIA

1 MOHUR

15 RUPEES

1 SOVEREIGN

INDONESIA

2 000 RUPIAH

5 000 RUPIAH

10 000 RUPIAH

20 000 RUPIAH

25 000 RUPIAH

100 000 RUPIAH

200 000 RUPIAH

IRAN

(1/2 AZADI)

(1 AZADI)

(1/4 PAHLAVI)

(1/2 PAHLAVI)

(1 PAHLAVI)

(2 1/2 PAHLAVI)

(5 PAHLAVI)

(10 PAHLAVI)

50 POUND

500 RIALS

750 RIALS

1 000 RIALS

2 000 RIALS

IRAQ

(5 DINARS)

(50 DINARS)

(100 DINARS)

IRELAND

20 EURO (year of minting 2006-2009)

100 EURO

ISLE OF MAN

1/20 ANGEL

1/10 ANGEL

1/4 ANGEL

1/2 ANGEL

1 ANGEL

5 ANGEL

10 ANGEL

15 ANGEL

20 ANGEL

1/25 CROWN

1/10 CROWN

1/5 CROWN

1/2 CROWN

1 CROWN

50 PENCE

1 POUND

2 POUNDS

5 POUNDS

50 POUNDS

(1/2 SOVEREIGN)

(1 SOVEREIGN)

(2 SOVEREIGNS)

(5 SOVEREIGNS)

ISRAEL

20 LIROT

50 LIROT

100 LIROT

200 LIROT

500 LIROT

1 000 LIROT

5 000 LIROT

5 NEW SHEQALIM

10 NEW SHEQALIM

20 NEW SHEQALIM

5 SHEQALIM

10 SHEQALIM

500 SHEQEL

ITALY

10 EURO

20 EURO

50 EURO

5 LIRE

10 LIRE

20 LIRE

40 LIRE

80 LIRE

100 LIRE

IVORY COAST

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

JAMAICA

100 DOLLARS

250 DOLLARS

JAPAN

10 000 YEN

JERSEY

1 POUND

2 POUNDS

5 POUNDS

10 POUNDS

20 POUNDS

25 POUNDS

50 POUNDS

100 POUNDS

1 SOVEREIGN

JORDAN

2 DINARS

5 DINARS

10 DINARS

25 DINARS

50 DINARS

60 DINARS

KATANGA

5 FRANCS

KAZAKHSTAN

100 TENGE

KENYA

100 SHILLINGS

250 SHILLINGS

500 SHILLINGS

KIRIBATI

150 DOLLARS

LATVIA

5 EURO (‘Zelta saktas. Ripsakta’)

5 EURO (‘Zelta atslēdziņa’)

20 EURO (‘Zelta saktas. Pakavsakta’)

75 EURO (‘Zelta saktas. Burbuļsakta’)

1 LATS (‘Ak, svētā Lestene!’)

1 LATS (‘Jūgendstils Rīgā’)

1 LATS (‘Zelta ābele’)

5 LATI (‘Pieclatnieks’)

10 LATU (‘Gafelšoneris “Julia Maria”’)

10 LATU (‘Zelta vēsture’)

20 LATU (‘Latvijas monēta’)

100 LATU apgrozības monēta

LESOTHO

1 LOTI

2 MALOTI

4 MALOTI

10 MALOTI

20 MALOTI

50 MALOTI

100 MALOTI

250 MALOTI

500 MALOTI

LIBERIA

12 DOLLARS

20 DOLLARS

25 DOLLARS

30 DOLLARS

50 DOLLARS

100 DOLLARS

200 DOLLARS

250 DOLLARS

500 DOLLARS

2 500 DOLLARS

LIECHTENSTEIN

10 FRANKEN

20 FRANKEN

25 FRANKEN

50 FRANKEN

100 FRANKEN

LITHUANIA

5 EURO

50 EURO

10 LITŲ

50 LITŲ

100 LITŲ

500 LITŲ

LUXEMBOURG

175 EURO CENT

2,5 EURO

5 EURO

10 EURO

15 EURO

20 EURO

25 EURO

100 EURO

250 EURO

20 FRANCS

MACAU

250 PATACAS

500 PATACAS

1 000 PATACAS

10 000 PATACAS

MALAWI

250 KWACHA

MALAYSIA

100 RINGGIT

200 RINGGIT

250 RINGGIT

500 RINGGIT

MALI

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

MALTA

15 EURO

50 EURO

5 (LIRI)

10 (LIRI)

20 (LIRI)

25 (LIRI)

50 (LIRI)

100 (LIRI)

LM 25

MARSHALL ISLANDS

20 DOLLARS

50 DOLLARS

200 DOLLARS

MAURITIUS

100 RUPEES

200 RUPEES

250 RUPEES

500 RUPEES

1 000 RUPEES

MEXICO

1/20 ONZA

1/10 ONZA

1/4 ONZA

1/2 ONZA

1 ONZA

2 PESOS

2 1/2 PESOS

5 PESOS

10 PESOS

20 PESOS

50 PESOS

250 PESOS

500 PESOS

1 000 PESOS

2 000 PESOS

MONACO

10 EURO

20 EURO

100 EURO

20 FRANCS

100 FRANCS

200 FRANCS

MONGOLIA

750 (TUGRIK)

1 000 (TUGRIK)

5 000 (TUGRIK)

NEPAL

1 ASARPHI

1 000 RUPEES

NETHERLANDS

(1 DUKAAT)

(2 DUKAAT)

10 EURO

20 EURO

50 EURO

1 GULDEN

5 GULDEN

10 GULDEN

NETHERLANDS ANTILLES

5 GULDEN

10 GULDEN

50 GULDEN

100 GULDEN

300 GULDEN

NEW ZEALAND

50 CENTS

1 DOLLAR

2 DOLLARS

5 DOLLARS

10 DOLLARS

50 DOLLARS

100 DOLLARS

150 DOLLARS

1,56 grammes/ 1/20 ounce

3,11 grammes/ 1/10 ounce

7,77 grammes/ 1/4 ounce

15,56 grammes/ 1/2 ounce

NICARAGUA

50 CORDOBAS

NIGER

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

NIUE

2 1/2 DOLLARS (250 CENTS)

5 DOLLARS

10 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

250 DOLLARS

500 DOLLARS

10 000 DOLLARS

NORTHERN MARIANA ISLANDS

5 DOLLARS

NORWAY

20 KRONER

1 500 KRONER

OMAN

25 BAISA

50 BAISA

100 BAISA

1/4 OMANI RIAL

1/2 OMANI RIAL

OMANI RIAL

5 OMANI RIALS

10 OMANI RIALS

15 OMANI RIALS

20 OMANI RIALS

25 OMANI RIALS

75 OMANI RIALS

PAKISTAN

3 000 RUPEES

PALAU

1 DOLLAR

PANAMA

100 BALBOAS

500 BALBOAS

PAPUA NEW GUINEA

100 KINA

PERU

1/5 LIBRA

1/2 LIBRA

1 LIBRA

5 SOLES

10 SOLES

20 SOLES

50 SOLES

100 SOLES

PHILIPPINES

1 000 PISO

1 500 PISO

5 000 PISO

POLAND

1 GROSZ

2 GROSZE

5 GROSZY

10 GROSZY

20 GROSZY

50 GROSZY

1 ZŁOTY

2 ZŁOTE

5 ZŁOTYCH

30 ZŁOTYCH

50 ZŁOTYCH

100 ZŁOTYCH

(exception: 100 ZŁOTYCH ‘Beatyfikacja Jana Pawła II 1 V 2011’)

200 ZŁOTYCH

(exception: 200 ZŁOTYCH ‘100-lecie Politechniki Warszawskiej’)

500 ZŁOTYCH

2 018 ZŁOTYCH

PORTUGAL

1 ESCUDO

100 ESCUDOS

200 ESCUDOS

500 ESCUDOS

5 EURO

8 EURO

10 000 REIS

RHODESIA

1 POUND

5 POUNDS

10 SHILLINGS

ROMANIA

20 LEI (from year 1 883 )

RUSSIA

1 TSERVONETS (year of minting 1 975 )

7,5 ROUBLES (year of minting 1 897 )

10 (ROUBLES)

15 (ROUBLES)

25 (ROUBLES)

50 (ROUBLES)

100 (ROUBLES)

200 (ROUBLES)

1 000 (ROUBLES)

10 000 (ROUBLES)

RWANDA

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

200 FRANCS

ST GEORGIA & SOUTHERN SANDWICH ISLANDS

4 POUNDS

SAINT HELENA

1/16 GUINEA

1/8 GUINEA

1/4 GUINEA

1/2 GUINEA

1 GUINEA

2 GUINEAS

5 GUINEAS

2 POUNDS

5 POUNDS

1/16 SOVEREIGN

1/8 SOVEREIGN

1/4 SOVEREIGN

1/2 SOVEREIGN

SOVEREIGN

SAN MARINO

20 EURO

50 EURO

1 SCUDO

2 SCUDI

5 SCUDI

10 SCUDI

SAUDI ARABIA

1 GUINEA (= 1 SAUDI POUND)

SENEGAL

10 FRANCS

25 FRANCS

50 FRANCS

100 FRANCS

250 FRANCS

500 FRANCS

1 000 FRANCS

2 500 FRANCS

SERBIA

10 DINARA

20 DINARA

SEYCHELLES

1 000 RUPEES

1 500 RUPEES

SIERRA LEONE

10 DOLLARS

20 DOLLARS

50 DOLLARS

100 DOLLARS

250 DOLLARS

500 DOLLARS

2 500 DOLLARS

1/4 GOLDE

1/2 GOLDE

1 GOLDE

5 GOLDE

10 GOLDE

1 LEONE

SINGAPORE

1 DOLLAR

2 DOLLARS

5 DOLLARS

10 DOLLARS

20 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

150 DOLLARS

250 DOLLARS

500 DOLLARS

SLOVAK REPUBLIC

100 EURO

5 000 KORUN (5 000 Sk)

10 000 KORUN (10 000 Sk)

SLOVENIA

100 EURO

5 000 TOLARS

20 000 TOLARS

25 000 TOLARS

SOLOMON ISLANDS

10 DOLLARS

25 DOLLARS

50 DOLLARS

100 DOLLARS

SOMALIA

20 SHILLINGS

50 SHILLINGS

100 SHILLINGS

200 SHILLINGS

500 SHILLINGS

1 500 SHILLINGS

SOUTH AFRICA

1/10 KRUGERRAND

1/4 KRUGERRAND

1/2 KRUGERRAND

1 KRUGERRAND

1/10 oz NATURA

1/4 oz NATURA

1/2 oz NATURA

1 oz NATURA

1/2 POND

1 POND

1/10 PROTEA

1 PROTEA

1 RAND

2 RAND

5 RAND

25 RAND

1/2 SOVEREIGN (= 1⁄2 POUND)

1 SOVEREIGN (= 1 POUND)

SOUTH KOREA

2 500 WON

20 000 WON

25 000 WON

30 000 WON

50 000 WON

SPAIN

2 (ESCUDOS)

10 (ESCUDOS)

20 EURO

100 EURO

200 EURO

400 EURO

10 PESETAS

20 PESETAS

25 PESETAS

5 000 PESETAS

10 000 PESETAS

20 000 PESETAS

40 000 PESETAS

80 000 PESETAS

80 (REALES)

100 (REALES)

SUDAN

25 POUNDS

50 POUNDS

100 POUNDS

SURINAME

20 DOLLARS

50 DOLLARS

100 GULDEN

SWAZILAND

2 EMALANGENI

5 EMALANGENI

10 EMALANGENI

20 EMALANGENI

25 EMALANGENI

50 EMALANGENI

100 EMALANGENI

250 EMALANGENI

1 LILANGENI

SWEDEN

5 KRONOR

10 KRONOR

20 KRONOR

1 000 KRONOR

2 000 KRONOR

4 000 KRONOR

SWITZERLAND

10 FRANCS

20 FRANCS

50 FRANCS

100 FRANCS

SYRIA

(1/2 POUND)

(1 POUND)

TANZANIA

1 500 SHILINGI

2 000 SHILINGI

THAILAND

(150 BAHT)

(300 BAHT)

(400 BAHT)

(600 BAHT)

(800 BAHT)

(1 500 BAHT)

(2 500 BAHT)

(3 000 BAHT)

(4 000 BAHT)

(5 000 BAHT)

(6 000 BAHT)

TOGO

1 500 FRANCS

TONGA

1/2 HAU

1 HAU

5 HAU

1/4 KOULA

1/2 KOULA

1 KOULA

TRISTAN DA CUNHA

1/16 GUINEA

1/8 GUINEA

1/4 GUINEA

1/2 GUINEA

1 GUINEA

2 GUINEAS

5 GUINEAS

2 POUNDS

5 POUNDS

1/16 SOVEREIGN

1/8 SOVEREIGN

QUARTER SOVEREIGN

HALF SOVEREIGN

SOVEREIGN

TUNISIA

2 DINARS

5 DINARS

10 DINARS

20 DINARS

40 DINARS

75 DINARS

10 FRANCS

20 FRANCS

100 FRANCS

5 PIASTRES

TURKEY

(25 KURUSH) (= 25 PIASTRES)

(50 KURUSH) (= 50 PIASTRES)

(100 KURUSH) (= 100 PIASTRES)

(250 KURUSH) (= 250 PIASTRES)

(500 KURUSH) (= 500 PIASTRES)

1/2 LIRA

1 LIRA

500 LIRA

1 000 LIRA

10 000 LIRA

50 000 LIRA

100 000 LIRA

200 000 LIRA

1 000 000 LIRA

60 000 000 LIRA

TURKS & CAICOS ISLANDS

100 CROWNS

TUVALU

50 DOLLARS

UGANDA

50 SHILLINGS

100 SHILLINGS

500 SHILLINGS

1 000 SHILLINGS

UNITED ARAB EMIRATES

(500 DIRHAMS)

(750 DIRHAMS)

(1 000 DIRHAMS)

UNITED KINGDOM

(1/3 GUINEA)

(1/2 GUINEA)

1 PENNY

2 PENCE

5 PENCE

10 PENCE

20 PENCE

50 PENCE

1 POUND

2 POUNDS

5 POUNDS

10 POUNDS

25 POUNDS

50 POUNDS

100 POUNDS

200 POUNDS

500 POUNDS

800 POUNDS (30 OZ BRITANNIA)

1 000 POUNDS

2 000 POUNDS

5 000 POUNDS

10 000 POUNDS

QUARTER SOVEREIGN

1/2 SOVEREIGN

(1 SOVEREIGN) (= 1 POUND)

2 SOVEREIGNS

(5 SOVEREIGNS)

URUGUAY

5 000 NUEVO PESOS

20 000 NUEVO PESOS

5 PESOS

USA

2 1/2 DOLLARS

5 DOLLARS

10 DOLLARS (AMERICAN EAGLE)

20 DOLLARS

25 DOLLARS

50 DOLLARS

50 DOLLARS (AMERICAN BUFFALO)

50 DOLLARS (AMERICAN EAGLE)

VATICAN

20 EURO

50 EURO

10 LIRE

20 LIRE

VENEZUELA

(10 BOLIVARES)

(20 BOLIVARES)

(100 BOLIVARES)

1 000 BOLIVARES

3 000 BOLIVARES

5 000 BOLIVARES

10 000 BOLIVARES

5 VENEZOLANOS

WESTERN SAMOA

50 TALA

100 TALA

YUGOSLAVIA

20 DINARA

100 DINARA

200 DINARA

500 DINARA

1 000 DINARA

1 500 DINARA

2 000 DINARA

2 500 DINARA

5 000 DINARA

1 DUCAT

4 DUCATS

ZAIRE

100 ZAIRES

ZAMBIA

250 KWACHA

500 KWACHA

---

(1)  OJ L 347, 11.12.2006, p. 1.

---

V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 3.11.2021 | EN | Official Journal of the European Union | C 446/33 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/33

---

Prior notification of a concentration

(Case M.10456 — Sky/ViacomCBS/JV)

(Text with EEA relevance)

(2021/C 446/07)

1.

This notification concerns the following undertakings:

| — | Sky Limited (‘Sky’, UK), controlled by Comcast Corporation (US); |
| --- | --- |

—

Sky Limited (‘Sky’, UK), controlled by Comcast Corporation (US);

| — | ViacomCBS Inc. (‘ViacomCBS’, US), controlled by National Amusements Inc. (US); and |
| --- | --- |

—

ViacomCBS Inc. (‘ViacomCBS’, US), controlled by National Amusements Inc. (US); and

| — | the Joint Venture (‘JV’, US). |
| --- | --- |

—

the Joint Venture (‘JV’, US).

Sky and ViacomCBS acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the newly created JV. The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

2.

| — | for Sky: holding company whose subsidiaries carry on business across the AV value chain, predominantly in the UK, Ireland, Germany, Austria and Italy. Sky is ultimately owned by Comcast Corporation (‘Comcast’), a global media, technology and entertainment company. Comcast is present in Europe almost entirely through Sky and NBCUniversal (‘NBCU’), a media and entertainment company active in the AV sector as well as in the home entertainment sector through the distribution of DVDs, Blu-rays and music discs directly to consumers, |
| --- | --- |

—

for Sky: holding company whose subsidiaries carry on business across the AV value chain, predominantly in the UK, Ireland, Germany, Austria and Italy. Sky is ultimately owned by Comcast Corporation (‘Comcast’), a global media, technology and entertainment company. Comcast is present in Europe almost entirely through Sky and NBCUniversal (‘NBCU’), a media and entertainment company active in the AV sector as well as in the home entertainment sector through the distribution of DVDs, Blu-rays and music discs directly to consumers,

| — | for ViacomCBS: global media and entertainment company that creates premium content and experiences for audiences worldwide. ViacomCBS’ portfolio is currently divided into three segments: TV Entertainment, Cable Networks, and Filmed Entertainment. ViacomCBS is controlled by National Amusements Inc., and |
| --- | --- |

—

for ViacomCBS: global media and entertainment company that creates premium content and experiences for audiences worldwide. ViacomCBS’ portfolio is currently divided into three segments: TV Entertainment, Cable Networks, and Filmed Entertainment. ViacomCBS is controlled by National Amusements Inc., and

| — | for the JV: a newly created JV for the purpose of (i) establishing and operating a subscription video on-demand streaming service distributed direct-to-consumers as an over-the-top service (i.e., delivered via the internet) and via third party platforms and connected devices comprising AV content as well as (ii) wholesaling of some of ViacomCBS’ and NBCU’s linear pay TV channels via third party multichannel video programming distributors in 22 European countries, including the following countries within the EEA: Bulgaria, Croatia, Czech Republic, Denmark, Finland, Hungary, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. |
| --- | --- |

—

for the JV: a newly created JV for the purpose of (i) establishing and operating a subscription video on-demand streaming service distributed direct-to-consumers as an over-the-top service (i.e., delivered via the internet) and via third party platforms and connected devices comprising AV content as well as (ii) wholesaling of some of ViacomCBS’ and NBCU’s linear pay TV channels via third party multichannel video programming distributors in 22 European countries, including the following countries within the EEA: Bulgaria, Croatia, Czech Republic, Denmark, Finland, Hungary, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10456 — Sky/ViacomCBS/JV

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
| --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

---

| 3.11.2021 | EN | Official Journal of the European Union | C 446/35 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/35

---

Prior notification of a concentration

(Case M.10474 – NESTE / RAVAGO / JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 446/08)

1.

This notification concerns the following undertakings:

| — | Neste Oyj (‘Neste’) (Finland), |
| --- | --- |

—

Neste Oyj (‘Neste’) (Finland),

| — | Ravago S.A. (‘Ravago’) (Luxembourg). |
| --- | --- |

—

Ravago S.A. (‘Ravago’) (Luxembourg).

This notification concerns in the acquisition of joint control by Neste and Ravago in a newly established full-function joint venture within the meaning of Article 3(4) of the Merger Regulation.

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

2.

| — | for Neste: active in oil refining and commercialisation, focusing on low-emission, high-quality traffic fuels, |
| --- | --- |

—

for Neste: active in oil refining and commercialisation, focusing on low-emission, high-quality traffic fuels,

| — | for Ravago: active in the distribution of plastics, rubber and chemicals and in the production of recycled/compounded polymers, |
| --- | --- |

—

for Ravago: active in the distribution of plastics, rubber and chemicals and in the production of recycled/compounded polymers,

| — | for the JV: active in the production and sale of liquefied waste plastic. |
| --- | --- |

—

for the JV: active in the production and sale of liquefied waste plastic.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10474 – NESTE / RAVAGO / JV

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
| --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

---

| 3.11.2021 | EN | Official Journal of the European Union | C 446/36 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/36

---

Prior notification of a concentration

(Case M.10520 – CUMMINS / CHINA PETROCHEMICAL CORPORATION / JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 446/09)

1.

This notification concerns the following undertakings:

| — | Cummins Power Generation (S) Pte. Ltd. (Singapore), controlled by Cummins Inc. (‘Cummins’, USA), |
| --- | --- |

—

Cummins Power Generation (S) Pte. Ltd. (Singapore), controlled by Cummins Inc. (‘Cummins’, USA),

| — | Enze Haihe (Tianjin) Private Equity LLP, controlled by China Petrochemical Corporation (People’s Republic of China), |
| --- | --- |

—

Enze Haihe (Tianjin) Private Equity LLP, controlled by China Petrochemical Corporation (People’s Republic of China),

| — | Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd. (‘CEHT’, People’s Republic of China). |
| --- | --- |

—

Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd. (‘CEHT’, People’s Republic of China).

Cummins and China Petrochemical Corporation acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of CEHT.

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

2.

| — | Cummins is a globally active US designer and manufacturer of diesel and alternative fuel engines and power supply systems, |
| --- | --- |

—

Cummins is a globally active US designer and manufacturer of diesel and alternative fuel engines and power supply systems,

| — | China Petrochemical Corporation is a Chinese petroleum and petrochemical group that explores, refines, processes and sells natural gas, gasoline, kerosene, diesel, petrochemical products and related services, |
| --- | --- |

—

China Petrochemical Corporation is a Chinese petroleum and petrochemical group that explores, refines, processes and sells natural gas, gasoline, kerosene, diesel, petrochemical products and related services,

| — | CEHT will be based in China and engage in the application engineering development, manufacturing, testing, sale, installation and service of hydrogen generation electrolyzer systems, in particular proton exchange membrane electrolyzers. |
| --- | --- |

—

CEHT will be based in China and engage in the application engineering development, manufacturing, testing, sale, installation and service of hydrogen generation electrolyzer systems, in particular proton exchange membrane electrolyzers.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10520 – CUMMINS / CHINA PETROCHEMICAL CORPORATION / JV

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
| --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

---

OTHER ACTS

European Commission

| 3.11.2021 | EN | Official Journal of the European Union | C 446/38 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/38

---

Publication of an application for registration of a name pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs

(2021/C 446/10)

This publication confers the right to oppose the application pursuant to Article 51 of Regulation (EU) No 1151/2012 of the European Parliament and of the Council (1) within three months from the date of this publication.

SINGLE DOCUMENT

‘Nijolės Šakočienės šakotis’

EU No: PGI-LT-02401 – 20 November 2017

PDO ( ) PGI (X )

1.   Name(s) of PGI

‘Nijolės Šakočienės šakotis’

2.   Member State or Third Country

Lithuania

3.   Description of the agricultural product or foodstuff

3.1.   Type of product

Class 2.3. Bread, pastry, cakes, confectionery, biscuits and other baker’s wares

3.2.   Description of the product to which the name in (1) applies

‘Nijolės Šakočienės šakotis’ is a festive bakery product in the shape of a tall, hollow-centred, truncated cone with spiky ‘branches’ of various sizes which is made in a special oven by ladling layers of batter onto a slowly rotating spindle over a hot fire using a special wooden spoon. The entire process takes place at home using a traditional method.

Physico-chemical characteristics:

Moisture content: 6,4–7,5 %

Fat content: 35,5–38,5 %

Total sugar content: 25,5–27,5 %

Organoleptic properties:

Appearance: ‘Nijolės Šakočienės šakotis’ is cone-shaped, its outer surface unevenly covered with ‘branches’ of various shapes and sizes, making each product unique in appearance. Inside, it is hollow throughout its length. The inner (hollow) surface bears the imprint of yarn and baking parchment. The size of products varies, from 30 cm to 60 cm in height. The diameter of the hollow interior may be anything up to 20 cm at the base and 10–20 cm at the top. The external diameter depends on the height of the product, the amount of batter poured on and the length of the ‘branches’ that have formed. The base can be anything up to 40 cm, the top up to 20 cm.

Weight: depending on the height of the cake and the amount of batter poured, from 1,0 kg to 6,5 kg. When served on special occasions, the šakotis is placed whole on the table; otherwise, it is cut into rings 5–30 cm high and weighing 0,7–3,5 kg, or cut into smaller pieces.

Colour: yellow-brown to brown depending on the temperature and length of baking. The outer surface is glossy, perhaps paler than the inside, the ‘branches’ varying in colour. When cut, the product shows a spongy, layered internal structure, with discrete non-homogeneous layers of different shades marked out in irregular rings.

Aroma: typical bakery product, with a marked aroma of butter and egg and a hint of smoke.

Taste: typical bakery product, moderately sweet and buttery with a taste of egg.

Finish: once swallowed, a slight fatty aftertaste.

Texture: moderately dense, quite crumbly, but does not flake or break when cut, neither brittle nor crunchy. Easy and pleasant to chew. After chewing, fine particles remain.

3.3.   Feed (for products of animal origin only) and raw materials (for processed products only)

| — | 82–87 % fat butter; |
| --- | --- |

—

82–87 % fat butter;

| — | 30–40 % fat cream or sour cream; |
| --- | --- |

—

30–40 % fat cream or sour cream;

| — | chicken eggs; |
| --- | --- |

—

chicken eggs;

| — | sugar; |
| --- | --- |

—

sugar;

| — | traditional stone ground (millstone) wheat flour. |
| --- | --- |

—

traditional stone ground (millstone) wheat flour.

3.4.   Specific steps in production that must take place in the identified geographical area

All production steps must take place in the identified geographical area:

| — | preparation of the ingredients; |
| --- | --- |

—

preparation of the ingredients;

| — | making of the batter; |
| --- | --- |

—

making of the batter;

| — | preparation of utensils; |
| --- | --- |

—

preparation of utensils;

| — | shaping and baking of the cake; |
| --- | --- |

—

shaping and baking of the cake;

| — | cooling of the cake. |
| --- | --- |

—

cooling of the cake.

3.5.   Specific rules concerning slicing, grating, packaging, etc. of the product the registered name refers to

–

3.6.   Specific rules concerning labelling of the product the registered name refers to

–

4.   Concise definition of the geographical area

The administrative boundaries of Skaistgiriai village (Kėdainiai district).

5.   Link with the geographical area

‘Nijolės Šakočienės šakotis’ is associated with the geographical area as a result of the product’s reputation, which is itself determined by the experience of the local artisanal bakers who bake this product.

Human factors that give the product its particular characteristics

The unique characteristics of ‘Nijolės Šakočienės šakotis’ have been honed to perfection over its long production history. Although there are no written records or guidance about how to make this product, which is closely associated with the area defined in point 4, details of how to make it and the practical skill needed to do so have been handed down from generation to generation.

The uniqueness of the cake produced in this geographical area and its special qualities are the result of the cumulative knowledge and experience of generations of bakers. All this makes for a bakery product of outstanding quality and taste. The main factors that show how the human element affects the product’s taste and appearance are as follows:

| 1. | Preparation of the batter, this being one of the key guarantors of consistent quality. A unique batter preparation method which has been closely guarded for more than a century is used in the ‘Nijolės Šakočienės šakotis’ production process; |
| --- | --- |

1.

Preparation of the batter, this being one of the key guarantors of consistent quality. A unique batter preparation method which has been closely guarded for more than a century is used in the ‘Nijolės Šakočienės šakotis’ production process;

| 2. | The unique way of making ‘Nijolės Šakočienės šakotis’ – the scalding of the flour and the resting of the batter, the length of these being judged by the cake maker on the basis of his or her knowledge and experience. The point of scalding the batter is to partially burst the granules of starch in the flour to facilitate the breakdown of starch into dextrins in the flour while the batter rests. These changes in the flour result in quicker formation of a glossy, intensely coloured crust during baking, increase the porosity of the internal structure, promote the formation of more aromatic compounds and slow starch retrogradation during storage, meaning the cakes grow stale more slowly and stay fresher longer without the need for chemical additives; |
| --- | --- |

2.

The unique way of making ‘Nijolės Šakočienės šakotis’ – the scalding of the flour and the resting of the batter, the length of these being judged by the cake maker on the basis of his or her knowledge and experience. The point of scalding the batter is to partially burst the granules of starch in the flour to facilitate the breakdown of starch into dextrins in the flour while the batter rests. These changes in the flour result in quicker formation of a glossy, intensely coloured crust during baking, increase the porosity of the internal structure, promote the formation of more aromatic compounds and slow starch retrogradation during storage, meaning the cakes grow stale more slowly and stay fresher longer without the need for chemical additives;

| 3. | Milling using traditional stones (millstones), with slowly rotating and carefully regulated spindles, which has an impact on the product’s texture, making it pleasant and easy to chew. Fine particles remain after chewing; |
| --- | --- |

3.

Milling using traditional stones (millstones), with slowly rotating and carefully regulated spindles, which has an impact on the product’s texture, making it pleasant and easy to chew. Fine particles remain after chewing;

| 4. | Spindle-baking of the product in a traditional special oven over a hot fire, once the chimney draught has been properly regulated. This is an experienced and highly skilled job, as ambient conditions and atmospheric pressure have a major impact on the draught. The stove is heated with dry birch wood, which must be stripped of its bark, as bark contains resins, and if the product is smoked this would affect its organoleptic, physical and chemical properties. Batter is poured by hand onto a hot, constantly revolving spindle using a special slotted wooden spoon. As the batter on the hot spindle comes into contact with the heat, it immediately hardens and crispens. The batter is poured on in thin layers. As the batter is added on all sides, many different ‘branches’ build up around the product, and since the batter cooks in layers, a beautiful pattern of colours emerges. It is crucial to regulate the fire at all times, so that it is at the right temperature at the different stages of cooking. Another important point is to feel the speed of the rotating spindle and adjust its spin speed to ensure that, as the batter goes on, the cake’s decorative ‘branches’ grow. Years of experience on the part of the manufacturers and the skills and dexterity of the baker help safeguard not only the specific taste of the product but also its exceptionally attractive shape in terms of the placement of ‘branches’, overall appearance and colour. This makes each ‘Nijolės Šakočienės šakotis’ unique in appearance. Other manufacturers bake their products in modern electric ovens, use substitute ingredients, flavour and aroma enhancers and colouring agents. The traditional production of ‘Nijolės Šakočienės šakotis’ does not use any substitutes, flavour or aroma enhancers or colouring agents. |
| --- | --- |

4.

Spindle-baking of the product in a traditional special oven over a hot fire, once the chimney draught has been properly regulated. This is an experienced and highly skilled job, as ambient conditions and atmospheric pressure have a major impact on the draught. The stove is heated with dry birch wood, which must be stripped of its bark, as bark contains resins, and if the product is smoked this would affect its organoleptic, physical and chemical properties. Batter is poured by hand onto a hot, constantly revolving spindle using a special slotted wooden spoon. As the batter on the hot spindle comes into contact with the heat, it immediately hardens and crispens. The batter is poured on in thin layers. As the batter is added on all sides, many different ‘branches’ build up around the product, and since the batter cooks in layers, a beautiful pattern of colours emerges. It is crucial to regulate the fire at all times, so that it is at the right temperature at the different stages of cooking. Another important point is to feel the speed of the rotating spindle and adjust its spin speed to ensure that, as the batter goes on, the cake’s decorative ‘branches’ grow. Years of experience on the part of the manufacturers and the skills and dexterity of the baker help safeguard not only the specific taste of the product but also its exceptionally attractive shape in terms of the placement of ‘branches’, overall appearance and colour. This makes each ‘Nijolės Šakočienės šakotis’ unique in appearance. Other manufacturers bake their products in modern electric ovens, use substitute ingredients, flavour and aroma enhancers and colouring agents. The traditional production of ‘Nijolės Šakočienės šakotis’ does not use any substitutes, flavour or aroma enhancers or colouring agents.

The entire production process is carried out using traditional and natural raw ingredients only, these determining the product’s organoleptic properties and physical and chemical characteristics.

Product reputation determined by geographical area

In Lithuania, the baking of tree cakes started at the end of the 19th century, at first in monasteries. Though the monasteries kept the recipes a great secret, this culinary idea spread at the start of the 20th century, initially in manor houses and parsonages, and later on experienced housewives also began to bake them. The preparation of this festive delicacy was reserved for very special occasions.

The great-grandmother of the bakers of ‘Nijolės Šakočienės šakotis’ was given the recipe by the housekeeper of the parish church’s parsonage. Over the years the product has been honed to unique perfection, acquiring certain characteristics along the way, and to this day deep household traditions remain surrounding ‘Nijolės Šakočienės šakotis’ and have been unaffected by the rapid spread of the industrial production of tree cakes since the late 20th century.

The defined geographical area has professional and artisanal experience in the crafting of ‘Nijolės Šakočienės šakotis’, which to this day is handed down from generation to generation. Up until 1997 ‘Nijolės Šakočienės šakotis’ was made and sold to order only. By the end of the 20th century, the conditions for retail production were in place, and marketing of ‘Nijolės Šakočienės šakotis’ began in 1997. This is attested to by the early labels and the special inscriptions on packaging which have survived.

‘Nijolės Šakočienės šakotis’ is a festive product beloved of consumers well beyond the confines of the area defined in point 4.

‘Nijolės Šakočienės šakotis’ has been made in the defined geographical area for a hundred years by descendants of the original bakers of the product using the same traditional method. This ensures that the specific characteristics of this unique product remain the same, and that consumer trust is retained. This trust was rewarded in 2008, when VŠĮ Kulinarijos paveldo fondas [the State Culinary Heritage Fund] granted ‘Nijolės Šakočienės šakotis’ a culinary heritage certificate attesting to the fact that it is made with traditional ingredients using an authentic recipe and on the basis of traditional techniques. The national heritage product certificate awarded as from 2009 by the Lithuanian Ministry of Agriculture shows that ‘Nijolės Šakočienės šakotis’ is an age-old traditional product that is authentic in terms of its characteristics, composition and production method. This product is manufactured and submitted for certification by manufacturers of the State heritage product ‘Nijolės Šakočienės šakotis’, who are national master craftsmen and women.

Consumers lay particular store by ‘Nijolės Šakočienės šakotis’ products made in Skaistgiriai village, having the highest quality expectations and attributing specific characteristics to this product. Consumer surveys carried out between 2010 and 2016 showed that over 90% of consumers knew of the ‘Nijolės Šakočienės šakotis’ cakes produced in Skaistgiriai village, look for them in the shops, value their authenticity and high quality, and enjoy taking them as gifts or souvenirs when they travel abroad (consumer surveys carried out in 2010, 2012, 2014 and 2016 by the State Culinary Heritage Fund).

As ‘Nijolės Šakočienės šakotis’ is made using age-old methods, it has been recognised as a product that promotes Lithuania’s cultural heritage. The reputation and recognisability of this product are the result of various types of educational activity.

Visitors and connoisseurs of traditional food alike travel to Skaistgiriai village to sample ‘Nijolės Šakočienės šakotis’, to see how this branch-festooned delicacy is made and what traditional utensils and ingredients are used, to find out about the šakotis production process and the upkeep of its baking traditions, old equipment and customs and to try their own hand at making this complex product. They come not only from Lithuania but also from the United Kingdom, Ireland, Norway, Sweden, the United States, Germany, Italy, Israel, Croatia, Poland, the Netherlands, Japan, China, Turkey, Romania, Russia and elsewhere. Foreign travellers take ‘Nijolės Šakočienės šakotis’ back with them as a souvenir. It makes a good souvenir, as it is not just a delicious and beautiful bakery product, but also keeps for a long time.

‘Nijolės Šakočienės šakotis’ has been shown at exhibitions and fairs abroad: in the UK, Ireland, Germany and Russia. Various educational programmes and demonstrations prove popular and attract large numbers of visitors and garner media attention at various events in Poland (Warsaw Christmas markets 2009-2016, Lublin Jogaila trade fairs 2010-2016, Gdansk festivals ‘Vilnius in Gdansk’ 2009-2016, Szczecin festivals 2010 and 2011, Białystok midsummer festivals 2012-2014, 2011 Wrocław food festival and others).

In Lithuania, makers of ‘Nijolės Šakočienės šakotis’ regularly appear and win prizes at the Agrobalt international exhibition, other trade fairs, craft days, national holiday events, folk festivals and various other fairs.

Presentations of ‘Nijolės Šakočienės šakotis’, both at home and abroad, and demonstrations of how this popular product is made attract not only those with a sweet tooth but also other festival or event goers, who get the chance to put their own skills to the test, sometimes under the watchful eye of the media.

As a product typical of the region, ‘Nijolės Šakočienės šakotis’ is brought to the attention of tourists via adverts, infomercials and cookery publications.

‘Nijolės Šakočienės šakotis’ is offered to official foreign visitors as part of Lithuania’s culinary heritage.

The good name, fame, reputation and popularity of ‘Nijolės Šakočienės šakotis’ is attested to by the following accolades: in 2009 ‘Best traditional šakotis 2009’ diploma awarded by the State Culinary Heritage Fund; in 2009 a token of appreciation from the Lithuanian Agricultural and Food Products Market Regulation Agency for promoting national culinary heritage and protecting and preserving traditions at the Kaziukas (St Casimir) fair in Dublin, Ireland; in 2010 ‘Nijolės Šakočienės šakotis’ won a gold medal at the international AgroBalt fair; in 2010 a ‘Nijolės Šakočienės šakotis’ baker was voted best craftswoman at the 2010 Kaziukas fair, and in 2011 she was voted the best traditional craftswoman of the year by the Ministry of Agriculture; in 2012 the Ministry of Agriculture conferred the title of ‘Master of traditional crafts’ on a baker; in 2012 diploma for ‘Best Jogaila fair craftsman 2012’ (Poland) in the category ‘Best regional dish and promotion of regional culinary traditions’; in 2012 diploma for ‘Handing down, maintaining and promoting authentic local traditions in Lithuania’s culinary heritage’ at a competition organised by the State Culinary Heritage Fund; in 2014 a letter of thanks from the Ministry of Agriculture for the promotion of national heritage in the preparation of traditional Lithuanian šakotis; in 2014 ‘Nijolės Šakočienės šakotis’ won a medal at the ‘Made in Lithuania 2014’ exhibition; and in 2017 a diploma from the Klaipėda ethnocultural centre ‘for the manufacture of an authentic šakotis and the promotion of traditions’.

Reference to publication of the product specification

(the second subparagraph of Article 6(1) of this Regulation)

http://zum.lrv.lt/nijoles-sakocienes-sakotis-paraiska-su-produkto-specifikacija

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(1)  OJ L 343, 14.12.2012, p. 1.

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| 3.11.2021 | EN | Official Journal of the European Union | C 446/43 |
| --- | --- | --- | --- |

3.11.2021

EN

Official Journal of the European Union

C 446/43

---

Publication of an application for approval of an amendment, which is not minor, to a product specification pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs

(2021/C 446/11)

This publication confers the right to oppose the amendment application pursuant to Article 51 of Regulation (EU) No 1151/2012 of the European Parliament and of the Council (1) within three months from the date of this publication.

APPLICATION FOR APPROVAL OF AN AMENDMENT TO THE PRODUCT SPECIFICATION OF PROTECTED DESIGNATIONS OF ORIGIN/PROTECTED GEOGRAPHICAL INDICATIONS WHICH IS NOT MINOR

Application for approval of an amendment in accordance with the first subparagraph of Article 53(2) of Regulation (EU) No 1151/2012

‘TROTE DEL TRENTINO’

EU NO: PGI-IT-0965-AM02 – 18 September 2020

PGI (X) PDO ( )

1.   Applicant group and legitimate interest

Consorzio di Tutela delle Trote del Trentino IGP

Address: Via Galileo Galilei, 43 - 38015 Lavis (TN)

Email: consorziotroteigp@legalmail.it

The Consorzio di Tutela delle Trote del Trentino IGP [‘Trote del Trentino’ PGI Protection Association] is entitled to submit an amendment application pursuant to Article 13(1) of Decree No 12511 of the Ministry of Agricultural, Food and Forestry Policy of 14 October 2013.

2.   Member State or Third Country

Italy

3.   Heading in the product specification affected by the amendment(s)

| ☐ | Name of product |
| --- | --- |

☐

Name of product

| ☐ | Description of product |
| --- | --- |

☐

Description of product

| ☐ | Geographical area |
| --- | --- |

☐

Geographical area

| ☐ | Proof of origin |
| --- | --- |

☐

Proof of origin

| ☒ | Method of production |
| --- | --- |

☒

Method of production

| ☒ | Link |
| --- | --- |

☒

Link

| ☐ | Labelling |
| --- | --- |

☐

Labelling

| ☐ | National requirements |
| --- | --- |

☐

National requirements

| ☒ | Other [Packaging] |
| --- | --- |

☒

Other [Packaging]

4.   Type of amendment(s)

| ☒ | Amendment to product specification of a registered PDO or PGI not to be qualified as minor in accordance with the third subparagraph of Article 53(2) of Regulation (EU) No 1151/2012 |
| --- | --- |

☒

Amendment to product specification of a registered PDO or PGI not to be qualified as minor in accordance with the third subparagraph of Article 53(2) of Regulation (EU) No 1151/2012

| ☐ | Amendment to product specification of registered PDO or PGI for which a Single Document (or equivalent) has not been published not to be qualified as minor in accordance with the third subparagraph of Article 53(2) of Regulation (EU) No 1151/2012 |
| --- | --- |

☐

Amendment to product specification of registered PDO or PGI for which a Single Document (or equivalent) has not been published not to be qualified as minor in accordance with the third subparagraph of Article 53(2) of Regulation (EU) No 1151/2012

5.   Amendment(s):

Article 5(2) – Fish farming

It has been decided to also allow ceramic lining for the ponds, since its characteristics differ little from those of cement and can in some cases facilitate cleaning of the ponds. The use of ceramic lining does not entail negative changes to the farming practices or the organoleptic characteristics of the trout reared. Accordingly, the following sentence:

The ponds where the fingerlings and adult fish are reared must be constructed entirely using cement, or earth and cement, or with cement walls and an earthen floor, or fibre glass, or steel, and they must be laid out in series or in parallel so as to maximise re-oxygenation.

has been amended as follows:

The ponds where the fingerlings and adult fish are reared must be constructed entirely using cement, or earth and cement, or with cement walls and an earthen floor, or fibre glass, or steel, or ceramic, and they must be laid out in series or in parallel so as to maximise re-oxygenation.

Following the significant changes which the rearing area is undergoing as a result of global warming and the consequent changes to snow- and rainfall levels, the temperatures given in the product specification for the water in which the fish are reared are no longer representative of the real physical environment in which trout farms in Trentino now have to operate. It is thus necessary to raise the figures for the temperature of the water entering the ponds in the winter months (average temperature from November to March) from 10 °C to 12 °C. This explains the provision in Article 5(2)(a) whereby the average temperature in the months from November to March must not exceed 12 °C.

This amendment thus entails an adjustment to Article 6 of the product specification, with the reference to a water temperature of 10 °C being changed to 12 °C. The amendment also applies to point 5 of the single document published in OJ C 255 of 4 August 2015.

The figures for the number of daily changes of water and the associated pond stocking densities have been amended. Given the excellent condition of the water used, the aim was to avoid potential droughts or water shortages, including temporary ones, forcing facilities with >10 changes per day and a permitted density of 40 kg/m3 having to quickly reduce to 30 kg/m3 when the number of changes falls below 10 per day. Given that the distinctive characteristics of the PGI will not be undermined, it has been deemed appropriate to add an extra line to the table, allowing operators with >8 changes per day to have a density of up to 35 kg/m3. This will make it easier to manage potential water shortages in the short term. Accordingly, the following table:

| Number of daily changes of water | Maximum stocking density (kg/m3) |
| --- | --- |
| 2 to 6 | 25 |
| 6 to 10 | 30 |
| Over 10 | 40 |

Number of daily changes of water

Maximum stocking density (kg/m3)

2 to 6

25

6 to 10

30

Over 10

40

has been amended as follows:

| Number of daily changes of water | Maximum stocking density (kg/m3) |
| --- | --- |
| 2 to 6 | 25 |
| 6 to 8 | 30 |
| 8 to 10 | 35 |
| Over 10 | 40 |

Number of daily changes of water

Maximum stocking density (kg/m3)

2 to 6

25

6 to 8

30

8 to 10

35

Over 10

40

The list of permitted raw materials – which included cereals, grains and their products and by-products, including protein concentrates; oilseeds and their products and by-products, including protein concentrates and oils; legume seeds and their products and by-products, including protein concentrates; tuber meal and its products and by-products, including protein concentrates; fish and/or crustacean products and by-products, including oils; seaweed meal and products derived therefrom; non-ruminant blood products; and the use of processed animal proteins derived from non-ruminants and compound feeds containing such proteins – has been replaced with a provision prohibiting the use of the following raw materials:

| — | Crude corn oil; |
| --- | --- |

—

Crude corn oil;

| — | Corn gluten; |
| --- | --- |

—

Corn gluten;

| — | Peanut cake or meal; |
| --- | --- |

—

Peanut cake or meal;

| — | Mustard seeds and protein products derived from the processing thereof; |
| --- | --- |

—

Mustard seeds and protein products derived from the processing thereof;

| — | Sesame seeds and protein products derived from the processing thereof. |
| --- | --- |

—

Sesame seeds and protein products derived from the processing thereof.

This amendment makes clear the ban on using certain raw materials that could negatively affect the colour or taste of the product. The amendment also applies to point 3.3 of the single document. The following text in the product specification and the single document:

To help enhance the typical quality of the flesh of ‘Trote del Trentino’ PGI, the following raw materials are permitted:

| 1) | cereals, grains and their products and by-products, including protein concentrates; |
| --- | --- |

1)

cereals, grains and their products and by-products, including protein concentrates;

| 2) | oilseeds and their products and by-products, including protein concentrates and oils; |
| --- | --- |

2)

oilseeds and their products and by-products, including protein concentrates and oils;

| 3) | legume seeds and their products and by-products, including protein concentrates; |
| --- | --- |

3)

legume seeds and their products and by-products, including protein concentrates;

| 4) | tuber meal and its products and by-products, including protein concentrates; |
| --- | --- |

4)

tuber meal and its products and by-products, including protein concentrates;

| 5) | fish and/or crustacean products and by-products, including oils; |
| --- | --- |

5)

fish and/or crustacean products and by-products, including oils;

| 6) | seaweed meal and products derived therefrom; |
| --- | --- |

6)

seaweed meal and products derived therefrom;

| 7) | non-ruminant blood products. |
| --- | --- |

7)

non-ruminant blood products.

It is also permitted to use processed animal proteins derived from non-ruminants and compound feeds containing such proteins.

has been reworded as follows:

Moreover, the use of the following raw materials is prohibited:

| — | Crude corn oil; |
| --- | --- |

—

Crude corn oil;

| — | Corn gluten; |
| --- | --- |

—

Corn gluten;

| — | Peanut cake or meal; |
| --- | --- |

—

Peanut cake or meal;

| — | Mustard seeds and protein products derived from the processing thereof; |
| --- | --- |

—

Mustard seeds and protein products derived from the processing thereof;

| — | Sesame seeds and protein products derived from the processing thereof. |
| --- | --- |

—

Sesame seeds and protein products derived from the processing thereof.

The period of feed withdrawal has been specified more clearly, so that it no longer refers to the last day of feeding but rather to the suspension of the fattening ration. It has also been decided to allow a maintenance ration to be fed to the animals during the period after the fattening ration is withdrawn, provided that the intestinal tract is empty at slaughter.

The aim of the amendment is to clarify the rules on feeding the animals so as to ensure that, while respecting animal welfare, there is no undigested material in the intestinal tract at the time of slaughter. It has thus been deemed necessary to specify that the feed withdrawal period refers to the fattening ration. It has been observed that, in some circumstances, structural reasons have caused the fattening ration to be suspended for an entire pond for which slaughter is planned over quite a number of days, meaning that some of the animals could be left without feed for up to 15/20 days. Such a significant lack of feed cannot be in full compliance with animal welfare rules and, what is more, it can lead to a loss of muscle firmness and thus of the distinctive characteristics of the PGI, particularly in summer. Accordingly, a reference to the suspension of the fattening ration has been specifically included and it has been stated that, if necessary, the animals may be fed a maintenance ration, provided that the requirements concerning the absence of undigested material in the intestinal tract are complied with.

The following sentence in the product specification:

Before the adult fish are sent for processing, the following feed withdrawal periods, which depend on the water temperature and are counted from the day following the last day of feeding, must be complied with:

has been amended as follows:

Before the adult fish are sent for processing, the following periods of suspension of the fattening ration, which depend on the water temperature and are counted from the day following the last day of feeding, must be complied with:

and the following paragraph has been added:

In order to maintain a high level of animal welfare, the animals may be fed a maintenance ration during the period after the fattening ration is withdrawn, provided that the intestinal tract is empty at slaughter.

Article 5(4) – Packaging

The following paragraph:

The end product must be sold on polystyrene trays wrapped in film and/or in polystyrene boxes wrapped in film and/or in vacuum packs and/or in modified atmosphere packaging (MAP).

has been amended as follows:

The end product must be sold on trays wrapped in film and/or in polystyrene boxes wrapped in film and/or filled with ice and/or in plastic boxes wrapped in film and/or filled with ice and/or in standard vacuum packs or other vacuum-packed containers and/or in modified atmosphere packaging (MAP).

and the sentence:

Those sold whole and/or gutted must weigh at least 200 g.

has been supplemented as follows:

Those sold whole and/or gutted must have a pre-slaughter weight of at least 200 g.

In order to meet the requests of large retailers, the reference to the material the trays are made of has been removed so as to allow the product to be packaged on trays made of any material suitable for the uses envisaged in the legislation in force. An interpretative clarification has also been added regarding the use of ice, the possibility of using reusable plastic boxes with a view to reducing plastic consumption, and vacuum packing other than in standard vacuum packs. Lastly, it has been clarified that the minimum weight of the fish sold whole and/or gutted refers to the pre-slaughter weight.

This amendment applies to point 3.5 of the single document.

SINGLE DOCUMENT

‘Trote del Trentino’

EU No: PGI-IT-0965-AM02 – 18 September 2020

PDO ( ) PGI (X)

1.   Name(s) [of PDO or PGI]

‘Trote del Trentino’

2.   Member State or Third Country

Italy

3.   Description of the agricultural product or foodstuff

3.1.   Type of product [listed in Annex XI]

Class 1.7. Fresh fish, molluscs and crustaceans and products derived therefrom.

3.2.   Description of the product to which the name in (1) applies

The protected geographical indication ‘Trote del Trentino’ is granted to salmonid fish reared in the production area referred to in point 4 and belonging to the species Oncorhynchus mykiss (Walbaum), rainbow trout. When released for consumption, the trout must have the following characteristics: a greenish back with a pink stripe on both sides; a whitish belly; dark speckling on the body and the dorsal and tail fins. The condition factor must not exceed 1,25 for fish weighing up to 500 grams or 1,35 for fish weighing over 500 grams. The total fat content of the flesh must not exceed 6 %. The flesh is white or salmon pink, firm, tender and lean with a delicate flavour of fish and a slight, fragrant smell of fresh water, with no aftertaste of mud. Any off-flavours in the product must be limited, with a geosmin content below 0,9 μg/kg, and the muscle firmness must be characterised by peak force levels under compression that are greater than or equal to 4 N.

3.3.   Feed (for products of animal origin only) and raw materials (for processed products only)

Feed rations must meet the requirements established by tradition, respecting faithful and consistent usage. For this reason, the feed used must not contain GMO raw materials.

Moreover, the use of the following raw materials is prohibited:

| — | Crude corn oil; |
| --- | --- |

—

Crude corn oil;

| — | Corn gluten; |
| --- | --- |

—

Corn gluten;

| — | Peanut cake or meal; |
| --- | --- |

—

Peanut cake or meal;

| — | Mustard seeds and protein products derived from the processing thereof; |
| --- | --- |

—

Mustard seeds and protein products derived from the processing thereof;

| — | Sesame seeds and protein products derived from the processing thereof. |
| --- | --- |

—

Sesame seeds and protein products derived from the processing thereof.

The composition of the ration given must satisfy the animals’ needs during the various phases of the rearing cycle, in line with the aims of the product specification.

All additives intended for use in animal feed under the legislation in force are permitted. The salmon colour of the flesh must be obtained using predominantly the carotenoid pigment astaxanthin and/or natural carotenoids.

3.4.   Specific steps in production that must take place in the identified geographical area

The rearing phases, which include the sac-fry, fingerling and adult trout stages, and slaughter must take place within the area specified in point 4.

3.5.   Specific rules concerning slicing, grating, packaging, etc. of the product the registered name refers to

The end product must be sold on trays wrapped in film and/or in polystyrene boxes wrapped in film and/or filled with ice and/or in plastic boxes wrapped in film and/or filled with ice and/or in standard vacuum packs or other vacuum-packed containers and/or in modified atmosphere packaging (MAP).

With regard to product types, the trout are sold as a fresh product: whole, gutted, filleted and/or sliced. Those sold whole and/or gutted must have a pre-slaughter weight of at least 200 g. The product sold filleted and/or sliced must weigh at least 90 g.

3.6.   Specific rules concerning labelling of the product the registered name refers to

The wording ‘Indicazione Geografica Protetta’ [Protected Geographical Indication] or the abbreviation ‘IGP’ [PGI] must appear on every package/container in distinct, indelible characters, clearly distinguishable from any other text.

The latter must be translated into the language of the country where the product is sold. It is forbidden to add any description that is not expressly provided for.

Every package/container must clearly display the following logo on the label or packaging. Alternatively, the logo may be printed in greyscale.

Image 1

The European PGI symbol must also appear on the label or on each individual item of packaging. The label or other appropriate marking must indicate the number or reference code for the producer and/or the batch.

4.   Concise definition of the geographical area

The production area of ‘Trote del Trentino’ PGI includes the whole Autonomous Province of Trento and the municipality of Bagolino in the Province of Brescia. This area encompasses the main rivers of Trentino, and their side-valleys and tributaries.

5.   Link with the geographical area

The production area was formed by the overlapping of multiple cycles of glacial and fluvial erosion. From a morphological point of view, it is essentially mountainous and characterised by valleys, cut to varying depths into the geological substrate, which constitute all the drainage basins in the area. The climate in the ‘Trote del Trentino’ production area is typical of an alpine area, with frequent precipitation, often as snow during the winter months, and cool temperatures even in the summer. The area has permanent snowfields and glaciers from which all the water used for trout production comes. The climatic and hydro-geological characteristics of the defined area, which are not transferable or imitable, thus give ‘Trote del Trentino’ the specific features that make it stand out. The chemical composition of Trentino spring waters has lower figures for trace elements (magnesium, sodium, potassium) than the European average, making the water extremely suitable for trout development. The watercourses that feed the trout farms in Trentino are of excellent biological quality with EBI (Extended Biotic Index) values above 8, corresponding to quality class I or II.

The application for recognition of ‘Trote del Trentino’ PGI is justified by the fact that the product in question differs from other products in the same category on account of its very low condition factor and its fat content. Furthermore, the flesh is firm, tender and lean with a delicate flavour of fish and a slight, fragrant smell of fresh water, without the aftertaste of mud that is often typical of farmed trout.

The particular qualities of ‘Trote del Trentino’ derive especially from the characteristics of the water used, which is plentiful as it comes from the area’s permanent snowfields and glaciers, is highly oxygenated, has a good chemical, physical and biological composition and a low temperature which is generally under 12 °C between November and March.

The waters are cold and low in nutrients, leading to slow growth, which, although reducing the yield, enhances the quality aspects of the flesh such as the low condition factor and the fat content. Thanks to the plentiful supply of water and the sloping terrain, the majority of trout farming in Trentino makes use of the differences in level between one pond and the next, which allow the water to be naturally re-oxygenated. The good water quality hampers the proliferation of algae and undesirable micro-organisms, the metabolites of which are responsible for unpleasant flavours, not least that of mud, caused by excessive geosmin.

The climatic conditions of the area together with the human input in terms of care and management of the fish farms link ‘Trote del Trentino’ firmly to the geographical production area.

The farming of ‘Trote del Trentino’ is very old and is rooted in a long tradition which has become established over time. The practice of fish farming in ponds dates back to the 19th century and the construction of an artificial fish farm in Torbole in 1879, which was intended to spread the practice of fish farming and repopulate public waters with trout sac-fry. The first private fish farms were set up in Predazzo in 1891, in Giustino in 1902 and in Tione in 1926, followed by many more after the Second World War. Over the years, these fish farms have each maintained their own separate broodstock, which they have reinvigorated from time to time by introducing new strains from other farms or from the wild, and thus pass on the specific characteristics of the farmed product to later generations.

This tradition was consolidated with the founding, in 1975, of the Associazione dei Troticoltori Trentini [Trentino Trout Farmers Association], which had such an important role in re-launching trout-farming in the production area that the ‘Trote del Trentino’ name surged into household and commercial parlance, as can easily be demonstrated by invoices, labels and publicity material.

Reference to publication of the product specification

(the second subparagraph of Article 6(1) of this Regulation)

The full text of the product specification is available on the following website:

http://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/3335”

or alternatively:

by going directly to the home page of the Ministry of Agricultural, Food and Forestry Policy (www.politicheagricole.it) and clicking on ‘Qualità’ (at the top right of the screen), then on ‘Prodotti DOP IGP STG’ (on the left-hand side of the screen) and finally on ‘Disciplinari di Produzione all’esame dell’UE’.

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(1)  OJ L 343, 14.12.2012, p. 1.

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