See Full Document Text
Official Journal EN
of the European Union L series
2026/477 4.3.2026
COMMISSION DECISION(EU) 2026/477
of 3 March 2026
updating Annex A to the Monetary Agreement between the European Union and the
Principality of Monaco
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Monetary Agreement of 29 November 2011 between the European Union and the Principality of
Monaco(1), and in particular Article 11(3) thereof,
Whereas:
(1) Article 11(2) of the Monetary Agreement between the European Union and the Principality of Monaco (hereinafter
‘the Monetary Agreement’) requires the Principality of Monaco to apply the same rules as those established in the
French Republic for the purposes of transposing European legal acts concerning the activities and prudential
regulation of credit institutions and the prevention of systemic risks to payment and securities settlement systems
contained in Annex A.
(2) Pursuant to Article 11(3) of the Monetary Agreement, Annex A to that Agreement must be updated by the
Commission upon amendment of any relevant acts and also each time a new text is adopted by the European Union.
(3) New texts have been adopted by the European Union and amendments have been made to the texts already referred
to in Annex A.
(4) Annex A to the Monetary Agreement should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
Annex A to the Monetary Agreement between the European Union and the Principality of Monaco is hereby replaced by the
text set out in the Annex to this Decision.
Article 2
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the
European Union.
Done at Brussels, 3 March 2026.
For the Commission
The President
Ursula VON DER LEYEN
(1) OJ C 23, 28.1.2012, p. 13.
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ANNEX
‘ANNEX A
Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
1 With regard to the provisions applicable to credit institutions
Council Directive 86/635/EECof 8 December 1986 on the annual accounts and consolidated accounts
of banks and other financial institutions (OJ L 372, 31.12.1986, p. 1).
amended by:
1-2 Directive 2001/65/EC of the European Parliament and of the Council of 27 September 2001 amending
Directives 78/660/EEC, 83/349/EEC and 86/635/EEC as regards the valuation rules for the annual and
consolidated accounts of certain types of companies as well as of banks and other financial institutions
(OJ L 283, 27.10.2001, p. 28).
1-3 Directive 2003/51/EC of the European Parliament and of the Council of 18 June 2003 amending Direc
tives 78/660/EEC, 83/349/EEC, 86/635/EEC and 91/674/EEC on the annual and consolidated accounts of
certain types of companies, banks and other financial institutions and insurance undertakings (OJ L 178,
17.7.2003, p. 16).
1-4 Directive 2006/46/EC of the European Parliament and of the Council of 14 June 2006 amending Council
Directives 78/660/EEC on the annual accounts of certain types of companies, 83/349/EEC on consolidated
accounts, 86/635/EEC on the annual accounts and consolidated accounts of banks and other financial
institutions and 91/674/EEC on the annual accounts and consolidated accounts of insurance undertakings
(OJ L 224, 16.8.2006, p. 1).
2 Council Directive 89/117/EEC of 13 February 1989 on the obligations of branches established in a
Member State of credit institutions and financial institutions having their head offices outside that Member
State regarding the publication of annual accounting documents (OJ L 44, 16.2.1989, p. 40).
3 Directive 98/26/ECof the European Parliament and of the Council of 19 May 1998 on settlement finality
in payment and securities settlement systems (OJ L 166, 11.6.1998, p. 45).
amended by:
3-1 Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009 amending Directive
98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on
financial collateral arrangements as regards linked systems and credit claims (OJ L 146, 10.6.2009, p. 37).
3-2 Directive 2010/78/EU of the European Parliament and of the Council of 24 November 2010 amending
Directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC,
2005/60/EC, 2006/48/EC, 2006/49/EC and 2009/65/EC in respect of the powers of the European Super
visory Authority (European Banking Authority), the European Supervisory Authority (European Insurance
and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and
Markets Authority) (OJ L 331, 15.12.2010, p. 120).
3-3 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC deri
vatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).
amended by:
3-3-1 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022
on digital operational resilience for the financial sector and amending Regulations (EC)
No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011
(OJ L 333, 27.12.2022, p. 1).
2/12 ELI: http://data.europa.eu/eli/dec/2026/477/ojEN
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
3-3-2 Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024
amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards mea
sures to mitigate excessive exposures to third-country central counterparties and improve the effi
ciency of Union clearing markets (OJ L, 2024/2987, 4.12.2024).
3-4 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving
securities settlement in the European Union and on central securities depositories and amending Directive
98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).
amended by:
3-4-1 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022
on digital operational resilience for the financial sector and amending Regulations (EC)
No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011
(OJ L 333, 27.12.2022, p. 1).
3-4-2 Regulation (EU) 2023/2845 of the European Parliament and of the Council of 13 December 2023
amending Regulation (EU) No 909/2014 as regards settlement discipline, cross-border provision of
services, supervisory cooperation, provision of banking-type ancillary services and requirements for
third-country central securities depositories and amending Regulation (EU) No 236/2012 (OJ L,
2023/2845, 27.12.2023).
3-5 Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Direc
tive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and
investment firms and Directive 98/26/EC (OJ L 150, 7.6.2019, p. 296) and the related level 2 measures,
where applicable
4 Directive 2001/24/ECof the European Parliament and of the Council of 4 April 2001 on the reorganisa
tion and winding up of credit institutions (OJ L 125, 5.5.2001, p. 15).
amended by:
4-1 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).
5 Directive 2002/47/ECof the European Parliament and of the Council of 6 June 2002 on financial collat
eral arrangements (OJ L 168, 27.6.2002, p. 43).
amended by:
5-1 Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009 amending Directive
98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on
financial collateral arrangements as regards linked systems and credit claims (OJ L 146, 10.6.2009, p. 37).
5-2 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).
5-3 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a fra
mework for the recovery and resolution of central counterparties and amending Regulations (EU)
No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and
Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22,
22.1.2021, p. 1).
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
6 Directive 2002/87/ECof the European Parliament and of the Council of 16 December 2002 on the sup
plementary supervision of credit institutions, insurance undertakings and investment firms in a financial
conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC,
93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of
the Council (OJ L 35, 11.2.2003, p. 1) and the related level 2 measures, where applicable
amended by:
6-1 Directive 2005/1/EC of the European Parliament and of the Council of 9 March 2005 amending Council
Directives 73/239/EEC, 85/611/EEC, 91/675/EEC, 92/49/EEC and 93/6/EEC and Directives 94/19/EC,
98/78/EC, 2000/12/EC, 2001/34/EC, 2002/83/EC and 2002/87/EC in order to establish a new organisa
tional structure for financial services committees (OJ L 79, 24.3.2005, p. 9).
6-2 Directive 2008/25/EC of the European Parliament and of the Council of 11 March 2008 amending Direc
tive 2002/87/EC on the supplementary supervision of credit institutions, insurance undertakings and
investment firms in a financial conglomerate, as regards the implementing powers conferred on the Com
mission (OJ L 81, 20.3.2008, p. 40).
6-3 Directive 2010/78/EU of the European Parliament and of the Council of 24 November 2010 amending
Directives 98/26/EC, 2002/87/EC, 2003/6/EC, 2003/41/EC, 2003/71/EC, 2004/39/EC, 2004/109/EC,
2005/60/EC, 2006/48/EC, 2006/49/EC and 2009/65/EC in respect of the powers of the European Super
visory Authority (European Banking Authority), the European Supervisory Authority (European Insurance
and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and
Markets Authority) (OJ L 331, 15.12.2010, p. 120).
6-4 Directive 2011/89/EU of the European Parliament and of the Council of 16 November 2011 amending
Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervi
sion of financial entities in a financial conglomerate (OJ L 326, 8.12.2011, p. 113).
6-5 With the exception of Title V:
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 and investment firms,
amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176,
27.6.2013, p. 338).
amended by:
6-5-1 Directive (EU) 2024/1619 of the European Parliament and of the Council of 31 May 2024 amending
Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and envir
onmental, social and governance risks (OJ L, 2024/1619, 19.6.2024).
6-5-2 Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024
amending Directives 2009/65/EC, 2013/36/EU and (EU) 2019/2034 as regards the treatment of
concentration risk arising from exposures towards central counterparties and of counterparty risk in
centrally cleared derivative transactions (OJ L, 2024/2994, 4.12.2024).
6-6 Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the
prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC,
2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64).
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
7 Directive 2009/110/ECof the European Parliament and of the Council of 16 September 2009 on the tak
ing up, pursuit and prudential supervision of the business of electronic money institutions amending Direc
tives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (OJ L 267, 10.10.2009, p. 7).
amended by:
7-1 With the exception of Title V:
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 and investment firms,
amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176,
27.6.2013, p. 338).
amended by:
7-1-1 Directive (EU) 2024/1619 of the European Parliament and of the Council of 31 May 2024 amending
Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and envir
onmental, social and governance risks (OJ L, 2024/1619, 19.6.2024).
7-1-2 Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024
amending Directives 2009/65/EC, 2013/36/EU and (EU) 2019/2034 as regards the treatment of
concentration risk arising from exposures towards central counterparties and of counterparty risk in
centrally cleared derivative transactions (OJ L, 2024/2994, 4.12.2024)
7-2 With the exception of Titles III and IV:
Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on pay
ment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU
and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35).
8 Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010
establishing a European Supervisory Authority (European Banking Authority), amending Decision
No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).
amended by:
8-1 Regulation (EU) No 1022/2013 of the European Parliament and of the Council of 22 October 2013
amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Bank
ing Authority) as regards the conferral of specific tasks on the European Central Bank pursuant to Council
Regulation (EU) No 1024/2013 (OJ L 287, 29.10.2013, p. 5).
8-2 Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agree
ments for consumers relating to residential immovable property and amending Directives 2008/48/EC
and 2013/36/EU and Regulation (EU) No 1093/2010 (OJ L 60, 28.2.2014, p. 34).
8-3 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).
8-4 Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing
uniform rules and a uniform procedure for the resolution of credit institutions and certain investment
firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending
Regulation (EU) No 1093/2010 (OJ L 225, 30.7.2014, p. 1).
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
8-5 With the exception of Titles III and IV:
Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on pay
ment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU
and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35).
8-6 Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the
prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU)
No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1).
9 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC
derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1) and the related level 2
measures, where applicable
amended by:
9-1 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on pruden
tial requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012
(OJ L 176, 27.6.2013, p. 1).
amended by:
9-1-1 Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amend
ing Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjust
ment risk, operational risk, market risk and the output floor (OJ L, 2024/1623, 19.6.2024).
9-1-2 Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024
amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards mea
sures to mitigate excessive exposures to third-country central counterparties and improve the effi
ciency of Union clearing markets (OJ L, 2024/2987, 4.12.2024).
9-2 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).
9-3 Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets
in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014, p. 84) and
the related level 2 measures, where applicable
amended by:
9-3-1 Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amend
ing Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU)
No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settle
ment in the European Union and on central securities depositories (OJ L 175, 30.6.2016, p. 1)
9-3-2 Regulation (EU) 2024/2809 of the European Parliament and of the Council of 23 October 2024
amending Regulations (EU) 2017/1129, (EU) No 596/2014 and (EU) No 600/2014 to make public
capital markets in the Union more attractive for companies and to facilitate access to capital for
small and medium-sized enterprises (OJ L, 2024/2809, 14.11.2024).
9-4 Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the preven
tion of the use of the financial system for the purposes of money laundering or terrorist financing, amend
ing Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive
2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC
(OJ L 141, 5.6.2015, p. 73).
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
9-5 Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on
transparency of securities financing transactions and of reuse and amending Regulation (EU)
No 648/2012 (OJ L 337, 23.12.2015, p. 1), in relation to credit institutions
9-6 Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Reg
ulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the
reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a cen
tral counterparty, the registration and supervision of trade repositories and the requirement for trade repo
sitories (OJ L 141, 28.5.2019, p. 42).
9-7 Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Reg
ulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own
funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties,
exposures to collective investment undertakings, large exposures, reporting and disclosure requirements,
and Regulation (EU) No 648/2012 (OJ L 150, 7.6.2019, p. 1) and the related level 2 measures, where
applicable
9-8 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a fra
mework for the recovery and resolution of central counterparties and amending Regulations (EU)
No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and
Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22,
22.1.2021, p. 1).
9-9 Regulation (EU) 2021/168 of the European Parliament and of the Council of 10 February 2021 amending
Regulation (EU) 2016/1011 as regards the exemption of certain third-country spot foreign exchange
benchmarks and the designation of replacements for certain benchmarks in cessation, and amending Reg
ulation (EU) No 648/2012 (OJ L 49, 12.2.2021, p. 6).
9-10 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digi
tal operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU)
No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 (OJ L 333, 27.12.2022, p. 1).
9-11 Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 amend
ing Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to miti
gate excessive exposures to third-country central counterparties and improve the efficiency of Union clear
ing markets (OJ L, 2024/2987, 4.12.2024).
10 Regulation (EU) No 575/2013of the European Parliament and of the Council of 26 June 2013 on pru
dential requirements for credit institutions and investment firms and amending Regulation (EU)
No 648/2012 (OJ L 176, 27.6.2013, p. 1) and the related level 2 measures, where applicable
amended by:
10-1 Regulation (EU) 2017/2395 of the European Parliament and of the Council of 12 December 2017 amend
ing Regulation (EU) No 575/2013 as regards transitional arrangements for mitigating the impact of the
introduction of IFRS 9 on own funds and for the large exposures treatment of certain public sector expo
sures denominated in the domestic currency of any Member State (OJ L 345, 27.12.2017, p. 27).
10-2 Regulation (EU) 2017/2401 of the European Parliament and of the Council of 12 December 2017 amend
ing Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms
(OJ L 347, 28.12.2017, p. 1).
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Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
10-3 Regulation (EU) 2019/630 of the European Parliament and of the Council of 17 April 2019 amending
Regulation (EU) No 575/2013 as regards minimum loss coverage for non-performing exposures
(OJ L 111, 25.4.2019, p. 4).
10-4 Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Reg
ulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own
funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties,
exposures to collective investment undertakings, large exposures, reporting and disclosure requirements,
and Regulation (EU) No 648/2012 (OJ L 150, 7.6.2019, p. 1) and the related level 2 measures, where
applicable
10-5 Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the
prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU)
No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1).
10-6 Regulation (EU) 2020/873 of the European Parliament and of the Council of 24 June 2020 amending Reg
ulations (EU) No 575/2013 and (EU) No 2019/876 as regards certain adjustments in response to the
COVID-19 pandemic (OJ L 204, 26.6.2020, p. 4).
10-7 Regulation (EU) 2021/558 of the European Parliament and of the Council of 31 March 2021 amending
Regulation (EU) No 575/2013 as regards adjustments to the securitisation framework to support the eco
nomic recovery in response to the COVID-19 crisis (OJ L 116, 6.4.2021, p. 25)
10-8 Regulation (EU) 2022/2036 of the European Parliament and of the Council of 19 October 2022 amending
Regulation (EU) No 575/2013 and Directive 2014/59/EU as regards the prudential treatment of global sys
temically important institutions with a multiple-point-of-entry resolution strategy and methods for the
indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eli
gible liabilities (OJ L 275, 25.10.2022, p. 1).
10-9 Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending
Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk,
operational risk, market risk and the output floor (OJ L, 2024/1623, 19.6.2024).
10-10 Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 amend
ing Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to miti
gate excessive exposures to third-country central counterparties and improve the efficiency of Union clear
ing markets (OJ L, 2024/2987, 4.12.2024).
With the exception of Title V:
11 Directive 2013/36/EUof 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 and investment firms,
amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176,
27.6.2013, p. 338) and the related level 2 measures, where applicable
amended by:
11-1 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).
11-2 Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Direc
tive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding com
panies, remuneration, supervisory measures and powers and capital conservation measures (OJ L 150,
7.6.2019, p. 253) and the related level 2 measures, where applicable
8/12 ELI: http://data.europa.eu/eli/dec/2026/477/ojEN
OJ L, 4.3.2026
Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
11-3 Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the
prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC,
2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64).
11-4 Directive (EU) 2021/338 of the European Parliament and of the Council of 16 February 2021 amending
Directive 2014/65/EU as regards information requirements, product governance and position limits, and
Directives 2013/36/EU and (EU) 2019/878 as regards their application to investment firms, to help the
recovery from the COVID-19 crisis (OJ L 68, 26.2.2021, p. 14).
11-5 Directive (EU) 2024/1619 of the European Parliament and of the Council of 31 May 2024 amending
Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmen
tal, social and governance risks (OJ L, 2024/1619, 19.6.2024).
11-6 Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024 amend
ing Directives 2009/65/EC, 2013/36/EU and (EU) 2019/2034 as regards the treatment of concentration
risk arising from exposures towards central counterparties and of counterparty risk in centrally cleared
derivative transactions (OJ L, 2024/2994, 4.12.2024).
12 Directive 2014/49/EUof the European Parliament and of the Council of 16 April 2014 on deposit-guar
antee schemes (recast) (OJ L 173, 12.6.2014, p. 149).
13 Directive 2014/59/EUof the European Parliament and of the Council of 15 May 2014 establishing a fra
mework for the recovery and resolution of credit institutions and investment firms and amending Council
Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC,
2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012,
of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190) and the related level 2 mea
sures, where applicable
amended by:
13-1 Directive (EU) 2017/2399 of the European Parliament and of the Council of 12 December 2017 amending
Directive 2014/59/EU as regards the ranking of unsecured debt instruments in insolvency hierarchy
(OJ L 345, 27.12.2017, p. 96).
13-2 Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Direc
tive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and
investment firms and Directive 98/26/EC (OJ L 150, 7.6.2019, p. 296) and the related level 2 measures,
where applicable
13-3 Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the
prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC,
2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64).
13-4 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a fra
mework for the recovery and resolution of central counterparties and amending Regulations (EU)
No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and
Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22,
22.1.2021, p. 1).
13-5 Regulation (EU) 2022/2036 of the European Parliament and of the Council of 19 October 2022 amending
Regulation (EU) No 575/2013 and Directive 2014/59/EU as regards the prudential treatment of global sys
temically important institutions with a multiple-point-of-entry resolution strategy and methods for the
indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eli
gible liabilities (OJ L 275, 25.10.2022, p. 1)
ELI: http://data.europa.eu/eli/dec/2026/477/oj 9/12EN
OJ L, 4.3.2026
Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
13-6 Directive (EU) 2024/1174 of the European Parliament and of the Council of 11 April 2024 amending
Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum
requirement for own funds and eligible liabilities (OJ L, 2024/1174, 22.4.2024).
14 With regard to the provisions applicable to credit institutions and with the exception of Articles 34 to 36
and Title III:
Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in
financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (OJ L 173,
12.6.2014, p. 349) and the related level 2 measures, where applicable
amended by:
14-1 Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving
securities settlement in the European Union and on central securities depositories and amending Directives
98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).
amended by:
14-1-1 Regulation (EU) 2023/2845 of the European Parliament and of the Council of 13 December 2023
amending Regulation (EU) No 909/2014 as regards settlement discipline, cross-border provision of
services, supervisory cooperation, provision of banking-type ancillary services and requirements for
third-country central securities depositories and amending Regulation (EU) No 236/2012 (OJ L,
2023/2845, 27.12.2023).
14-2 Directive (EU) 2016/1034 of the European Parliament and of the Council of 23 June 2016 amending
Directive 2014/65/EU on markets in financial instruments (OJ L 175, 30.6.2016, p. 8).
With the exception of Article 64(5):
14-3 Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the
prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC,
2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64).
14-4 Directive (EU) 2019/2177 of the European Parliament and of the Council of 18 December 2019 amending
Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Sol
vency II), Directive 2014/65/EU on markets in financial instruments and Directive (EU) 2015/849 on the
prevention of the use of the financial system for the purposes of money-laundering or terrorist financing
(OJ L 334, 27.12.2019, p. 155).
14-5 Directive (EU) 2020/1504 of the European Parliament and of the Council of 7 October 2020 amending
Directive 2014/65/EU on markets in financial instruments (OJ L 347, 20.10.2020, p. 50).
14-6 Directive (EU) 2021/338 of the European Parliament and of the Council of 16 February 2021 amending
Directive 2014/65/EU as regards information requirements, product governance and position limits, and
Directives 2013/36/EU and (EU) 2019/878 as regards their application to investment firms, to help the
recovery from the COVID-19 crisis (OJ L 68, 26.2.2021, p. 14).
15 Regulation (EU) No 909/2014of the European Parliament and of the Council of 23 July 2014 on improv
ing securities settlement in the European Union and on central securities depositories and amending Direc
tives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).
amended by:
15-1 Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending
Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on mar
ket abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union
and on central securities depositories (OJ L 175, 30.6.2016, p. 1).
10/12 ELI: http://data.europa.eu/eli/dec/2026/477/ojEN
OJ L, 4.3.2026
Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
15-2 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digi
tal operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU)
No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 (OJ L 333, 27.12.2022, p. 1).
15-3 Regulation (EU) 2023/2845 of the European Parliament and of the Council of 13 December 2023 amend
ing Regulation (EU) No 909/2014 as regards settlement discipline, cross-border provision of services,
supervisory cooperation, provision of banking-type ancillary services and requirements for third-country
central securities depositories and amending Regulation (EU) No 236/2012 (OJ L, 2023/2845,
27.12.2023).
16 With regard to the provisions applicable to credit institutions
Regulation (EU) No 600/2014of the European Parliament and of the Council of 15 May 2014 on mar
kets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014, p. 84).
amended by:
16-1 Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending
Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on mar
ket abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union
and on central securities depositories (OJ L 175, 30.6.2016, p. 1).
16-2 Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the
prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU)
No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1).
16-3 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a fra
mework for the recovery and resolution of central counterparties and amending Regulations (EU)
No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and
Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22,
22.1.2021, p. 1).
16-4 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digi
tal operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU)
No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 (OJ L 333, 27.12.2022, p. 1).
16-5 Regulation (EU) 2024/2809 of the European Parliament and of the Council of 23 October 2024 amending
Regulations (EU) 2017/1129, (EU) No 596/2014 and (EU) No 600/2014 to make public capital markets
in the Union more attractive for companies and to facilitate access to capital for small and medium-sized
enterprises (OJ L, 2024/2809, 14.11.2024).
17 Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on
transparency of securities financing transactions and of reuse and amending Regulation (EU)
No 648/2012 (OJ L 337, 23.12.2015, p. 1), in relation to credit institutions
amended by:
17-1 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a fra
mework for the recovery and resolution of central counterparties and amending Regulations (EU)
No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and
Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22,
22.1.2021, p. 1).
ELI: http://data.europa.eu/eli/dec/2026/477/oj 11/12EN
OJ L, 4.3.2026
Legislation applicable to the activities and supervision of credit institutions and the prevention of systemic risks to
payment and securities settlement systems
18 With the exception of Titles III and IV:
Directive (EU) 2015/2366of the European Parliament and of the Council of 25 November 2015 on pay
ment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU
and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35)
and the related level 2 measures, where applicable
19 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on
digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU)
No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 (OJ L 333, 27.12.2022, p. 1)
and the related level 2 measures as appropriate’
12/12 ELI: http://data.europa.eu/eli/dec/2026/477/oj