Sittings · Document

Draft report (COM(2023)0369 – C9-0219/2023 – 2023/0212(COD)) 2025-12-19

Establishment of the digital euro

Committee on Economic and Monetary Affairs

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AM_Com_LegReport

Amendment 505

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 57

Text proposed by the Commission

Amendment

(57) European Digital Identity Wallets could facilitate digital transactions by enabling authentication, identification and the exchange of attributes including licenses and certificates. European Digital Identity Wallets should contribute to the effective universal access to and use of the digital euro. Member States should issue European Digital Identity Wallets based on common standards and practices set out in the implementing legislation. The European Digital Identity Wallet should have strong and specific safeguards to ensure data protection and privacy and high-level security certification. Front-end solutions to be developed by the European Central Bank should therefore duly consider the technical specifications governing the European Digital Identity Wallets. This would enable the relevant interoperability with the European Digital Identity Wallets that would allow to capitalise on these benefits. Based on user choice, interoperability with the European Digital Identity Wallet should also allow to discharge customer due diligence under Regulation (EU) [please insert reference – proposal for a Regulation for Anti-Money Laundering Regulation – COM/2021/421 final). Furthermore, to achieve a coherent customer experience, intermediaries might choose to fully integrate their digital euro front-end services into the specifications governing the European Digital Identity Wallets.

deleted

Or. en

Amendment 506

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 58

Text proposed by the Commission

Amendment

(58) Users should be able, if they so wish, to onboard and authorise payments with the digital euro by using the European Digital Identity Wallets. Payment service providers should therefore be obliged to accept the European Digital Identity Wallets for the verification of both prospective and existing customers’ identities, in line with Regulation (EU) [please insert reference – proposal for a Regulation for Anti-Money Laundering Regulation – COM/2021/421 final). To facilitate the opening of digital euro accounts across the Union, payment service providers should also be able to rely on qualified attestations provided by the European Digital Identity Wallets, including for the remote performance of customer due diligence. Payment service providers should also accept the use of European Digital Identity Wallets if the payer wishes to use the wallet for payment authorisation of digital euro payment transactions. Further, to facilitate offline proximity payments in digital euro, it should be possible to use the European Digital Identity Wallets for the storage of digital euros in the payment device.

deleted

Or. en

Amendment 507

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Recital 59

Text proposed by the Commission

Amendment

(59) To facilitate a harmonised user experience, the digital euro rules, standards and processes that the European Central Bank may adopt pursuant to its own competences, should ensure that any digital euro user is able to carry out digital euro payment transactions with any other digital euro users across the euro area regardless of the payment service providers involved and the front-end services used. To reduce the fragmentation of the European retail payments market, and to support competition, efficiency and innovation in that market, and the development of payment instruments across the Union in keeping with the objective of the Commission’s retail payment strategy, the digital euro should be, to the extent possible, compatible with private digital payment solutions, building on functional and technical synergies. In particular, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions at the point of interaction, and in person-to-person payments, where the fragmentation of the Union retail payments market is currently significant. The use of open standards, common rules and processes, and possibly shared infrastructures could support such compatibility. While existing solutions may be leveraged where such solutions are deemed appropriate to ensure that compatibility, notably in view of minimising overall adaptation costs, such existing solutions should not create undue dependencies that could prevent adaptation of the digital euro to new technologies or would be incompatible with the digital euro features. In order to achieve these objectives, and without conferring any enforceable rights upon market operators, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions on a best-effort basis and where deemed appropriate.

(59) To facilitate a harmonised user experience, the digital euro rules, standards and processes that the European Central Bank may adopt pursuant to its own competences, while ensuring frequent and detailed consultations with all relevant stakeholders, should ensure that any digital euro user is able to carry out digital euro payment transactions with any other digital euro users across the euro area regardless of the payment service providers involved and the front-end services used. To reduce the fragmentation of the European retail payments market, and to support competition, efficiency and innovation in that market, and the development of payment instruments across the Union in keeping with the objective of the Commission’s retail payment strategy, the digital euro shall be, to the extent possible, compatible with private digital payment solutions, building on functional and technical synergies. In particular, the European Central Bank shall ensure, to the extent possible, that the digital euro is compatible with private digital payment solutions at the point of interaction, which includes point-of-sale, e-commerce, m-commerce, as well as payees’ environments that may cater for developments of future retail payments and in person-to-person payments, where the fragmentation of the Union retail payments market is currently significant. The use of open standards, common rules and processes, and possibly shared infrastructures should support such compatibility. Given that existing solutions may be leveraged where such solutions are deemed appropriate to ensure that compatibility, notably in view of minimising overall adaptation costs, the European Central Bank shall ensure that relevant technical standards for the digital euro will be published well in advance of the issuance of the digital euro in order to allow for sufficient time for adopting the new standards by market operators and private solutions. However, such existing solutions should not create undue dependencies that could prevent adaptation of the digital euro to new technologies or would be incompatible with the digital euro features. In order to achieve these objectives, and without conferring any enforceable rights upon market operators, the European Central Bank shall ensure, to the extent possible, that the digital euro is compatible with private digital payment solutions and shall ensure that the digital euro fits in market practices. Such compatibility with market solutions is key for adoption of common standards outside the euro area, in the EU as a whole.

Or. en

Amendment 508

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 59

Text proposed by the Commission

Amendment

Or. en

Amendment 509

Sibylle Berg

Proposal for a regulation

Recital 59

Text proposed by the Commission

Amendment

(59) To facilitate a harmonised user experience, the digital euro rules, standards and processes that the European Central Bank may adopt pursuant to its own competences, should ensure that any digital euro user is able to carry out digital euro payment transactions with any other digital euro users across the euro area regardless of the payment service providers involved and the front-end services used. To reduce the fragmentation of the European retail payments market, and to support competition, efficiency and innovation in that market, and the development of payment instruments across the Union in keeping with the objective of the Commission’s retail payment strategy, the digital euro should be, to the extent possible, compatible with private digital payment solutions, building on functional and technical synergies. In particular, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions at the point of interaction, and in person-to-person payments, where the fragmentation of the Union retail payments market is currently significant. The use of open standards, common rules and processes, and possibly shared infrastructures could support such compatibility. Specifically, the ECB should give preference to the use of open standards where such standards are available. While existing solutions may be leveraged where such solutions are deemed appropriate to ensure that compatibility, notably in view of minimising overall adaptation costs, such existing solutions should not create undue dependencies that could prevent adaptation of the digital euro to new technologies or would be incompatible with the digital euro features. In order to achieve these objectives, and without conferring any enforceable rights upon market operators, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions on a best-effort basis and where deemed appropriate.

Or. en

Justification

Reflecting change in Art. 26

Amendment 510

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Recital 59

Text proposed by the Commission

Amendment

(59) To facilitate a harmonised user experience, the digital euro rules, standards and processes that the European Central Bank may adopt pursuant to its own competences, should ensure that any digital euro user is able to carry out digital euro payment transactions with any other digital euro users across the euro area regardless of the payment service providers involved and the front-end services used. To reduce the fragmentation of the European retail payments market, and to support competition, efficiency and innovation in that market, and the development of payment instruments across the Union in keeping with the objective of the Commission’s retail payment strategy, the digital euro should be, fully and seamlessly, compatible with private digital payment solutions, building on functional and technical synergies. In particular, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions at the point of interaction, and in person-to-person payments, where the fragmentation of the Union retail payments market is currently significant. The use of open standards, common rules and processes, and possibly shared infrastructures could support such compatibility. Where available, the ECB should give preference to open standards. While existing solutions may be leveraged where such solutions are deemed appropriate to ensure that compatibility, notably in view of minimising overall adaptation costs, such existing solutions should not create undue dependencies that could prevent adaptation of the digital euro to new technologies or would be incompatible with the digital euro features. In order to achieve these objectives, and without conferring any enforceable rights upon market operators, the European Central Bank should seek to ensure that the digital euro is compatible with private digital payment solutions on a best-effort basis and where deemed appropriate.

Or. en

Amendment 511

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 59 a (new)

Text proposed by the Commission

Amendment

(59 a) A kernel is a core piece of software embedded in payment terminals that handles the processing of payment transactions. A kernel ensures that the terminal can read and authenticate card or digital wallet data and communicate with a database via a network to complete a transaction. An agnostic kernel refers to the core software component of a system that is independent of specific external standards, protocols, providers, or environments and works regardless of Payment Service Provider (PSP), Advanced Programming Interface (API) format, or regulatory framework. Developers can build integrations around in various ways.

Or. en

Amendment 512

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 59 b (new)

Text proposed by the Commission

Amendment

(59 b) The introduction of a European kernel, based on commonly agreed industry standards, install payment terminals in Europe that support digital euro transactions is an important factor of strategic autonomy. This would result in an open system, accessible to both regional and domestic European payment schemes, thereby allowing customers to make contactless payments throughout the euro area. The network effects generated by a digital euro would function as a public good, benefiting both public and private initiatives.

Or. en

Amendment 513

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Recital 60

Text proposed by the Commission

Amendment

(60) To facilitate dispute resolution, the European Central Bank should provide payment service providers and digital euro users with technical and functional support for dispute resolution, related at least to technical and fraud (pre) disputes. Technical disputes include inter alia situations where the transaction amount differs, where there are duplicates, or where there is no authorization or pre-validation. Fraud disputes include inter alia situations of identity theft, merchant identity fraud, counterfeit goods.

(60) To protect consumers, maintain trust in the digital euro and contribute to its proper functioning, the European Central Bank should provide support to payment service providers to facilitate the resolution of pre-disputes and disputes related to online digital euro payment transactions. The ECB and the national central banks may establish mechanisms of technical and functional support that facilitate the exchange of messages between payment service providers in view of the resolution of disputes pursuant to Directive (EU) 2015/2366, as a minimum, and make these mechanisms available to payment service providers. Disputes may arise in a number of situations, including those concerning the execution of a digital euro payment transaction, such as payments-related fraud or technical issues, or those relating to the good or service underlying a transaction. Technical disputes include inter alia situations where the transaction amount differs, where there are duplicates, or where there is an issue with authorization or pre-validation or with the switching of digital euro payment accounts. Payment fraud-related disputes include inter alia situations of identity theft, merchant identity fraud, and payment service provider impersonation fraud. Payment Service Providers should only be required to offer dispute resolution services for disputes pursuant to Directive (EU) 2015/2366. They may, however, make use of the mechanisms referred to in this Regulation for dispute services other than those pursuant to Directive (EU) 2015/2366, without being obliged to provide such services to digital euro users. Payment service providers should not charge fees for the provision of pre-dispute and dispute services to individual users. The provision of pre-dispute services shall be subject to the capped merchant service charge while dispute resolution processes may be charged to merchants, as long as it does not exceed the fee charged for such service for a comparable means of payment. Without prejudice to the functions of national central banks foreseen in other legislations or their involvement in alternative dispute resolution procedures, the ECB and the national central banks should not act as a party in any of those disputes. Comparable payment schemes, particularly those operating cross-border, have similar dispute resolution mechanisms in place and offer significant support to payment service providers in the resolution of disputes, including for commercial disputes.

Or. en

Amendment 514

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 60

Text proposed by the Commission

Amendment

(60) To facilitate dispute resolution, the European Central Bank should provide payment service providers and digital euro users with technical and functional support for dispute resolution, related at least to technical, fraud and commercial (pre) disputes. Technical disputes include inter alia situations where the transaction amount differs, where there are duplicates, or where there is no authorization or pre-validation. Fraud disputes include inter alia situations of identity theft, merchant identity fraud, counterfeit goods.

Or. en

Amendment 515

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 60 a (new)

Text proposed by the Commission

Amendment

(60 a) To ensure the coherent application of the Rulebook governing the operation of the digital euro, and in view of the European Central Bank’s role as the operator of the online digital euro infrastructure and as designer and standard-setter for the offline digital euro device, disputes among payment service providers arising from the application of that Rulebook should be decided within a single dispute-settlement function by an independent committee with representatives of both the European Central Bank and participating PSPs, on a contractual basis with payment services providers distributing the digital euro. This arrangement provides for a clear allocation of responsibilities, grounded in a causal nexus between the European Central Bank’s provision of the infrastructure and application of the Rulebook and any issues arising therefrom. To safeguard impartiality, the Committee should operate under internal rules and a governance framework ensuring operational separation and full independence from the European Central Bank. Decisions adopted in this context should bind participating providers through their contractual commitments, without prejudice to access to judicial remedies under Union and national law.

Or. en

Amendment 516

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Recital 61

Text proposed by the Commission

Amendment

(61) To access and use the digital euro as part of digital euro payment services, digital euro users should be provided with front-end services. Those users should have the possibility to access and use digital euro payment services via the front-end services provided by payment service providers and by the European Central Bank. Payment service providers should be able to choose to rely on front-end services provided by other stakeholders, including the European Central Bank, notably in the case where the cost of developing and operating front-end services, including applications, are disproportionate. Where digital euro users can choose between different front-end services, the decision to select a given front-end service should ultimately rest in the hands of those users and should not be imposed by payment service providers or the European Central Bank. In this respect, payment service providers should have capacity to provide digital euro users with the possibility to access and use digital euro payment services via the front-end services provided by the European Central Bank. The European Central Bank and the payment service providers shall implement appropriate technical and organisational measures including state-of-the-art security and privacy-preserving measures to ensure that the identity of individual digital euro users cannot be accessed by the ECB via its front-end solution.

(61) To access and use the digital euro as part of digital euro payment services, digital euro users should be provided with front-end services, that uphold the highest standards of accessibility, user-friendliness, simplicity, inclusivity, and resilience. PSPs should always give those users the possibility to access and use digital euro payment services via the front-end services provided by the European Central Bank, so to ensure that there is always a simple way to access central bank money - as it is the case today with banknotes. Front-end services provided by the European Central Bank ensure homogeneous experience within the euro area and grant accessibility features beyond the mandatory standards of the European Accessibility Act, ensuring digital inclusion to persons with disabilities, functional limitations or limited digital skills, and elderly people. As ensuring digital inclusion and resilience is in the public interest, all PSPs should support the front-end services provided by the European Central Bank, avoiding that a decision of the PSP limit their freedom. PSPs should be able to choose to provide in addition their own front-end, without limiting people's choices. Where digital euro users can choose between different front-end services, the decision to select a given front-end service should ultimately rest in the hands of those users and should not be imposed by payment service providers or the European Central Bank. The European Central Bank and the payment service providers shall implement appropriate technical and organisational measures including state-of-the-art security and privacy-preserving measures to ensure that the identity of individual digital euro users cannot be accessed by the ECB via its front-end solution.

Or. en

Amendment 517

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 61

Text proposed by the Commission

Amendment

(61) To access and use the digital euro as part of digital euro payment services, digital euro users should be provided with front-end services. Those users should have the possibility to access and use digital euro payment services via the front-end services provided by payment service providers and by the European Central Bank. Payment service providers should be able to choose to rely on front-end services provided by other stakeholders, including the European Central Bank, notably in the case where the cost of developing and operating front-end services, including applications, are disproportionate. Where digital euro users can choose between different front-end services, the decision to select a given front-end service should ultimately rest in the hands of those users and should not be imposed by payment service providers or the European Central Bank. In this respect, payment service providers should have capacity to provide digital euro users with the possibility to access and use digital euro payment services via the front-end services provided by the European Central Bank. The European Central Bank and the payment service providers shall implement appropriate technical and organisational measures including state-of-the-art accessibility, security and privacy-preserving measures to ensure that the identity of individual digital euro users cannot be accessed by the ECB via its front-end solution. In that light, payment service providers offering digital euro front-end services should also conduct and publish an analysis of how they are going to fulfil the accessibility requirements.

Or. en

Amendment 518

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 62

Text proposed by the Commission

Amendment

(62) To avoid interfering in the payment service providers’ customer relationships and their role in the digital euro distribution, the front-end solutions provided by the European Central bank should be limited to providing an interface between digital euro users and the payment infrastructures of payment service providers. In particular, the Eurosystem would not have a contractual relationship with digital euro users even if those users use the front-end services provided by the European Central Bank. The ECB and the payment service providers should implement appropriate technical and organisational measures including state-of-the-art security and privacy-preserving measures to ensure that the identity of individual digital euro users cannot be accessed by the ECB via its front-end solution.

(62) The ECB and the payment service providers should implement appropriate technical and organisational measures including state-of-the-art security and privacy-preserving measures to ensure that the identity of individual digital euro users cannot be accessed by the ECB via its front-end solution.

Or. en

Amendment 519

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Recital 63

Text proposed by the Commission

Amendment

(63) To enable a smooth user experience, payment service providers that provide digital euro users with front-end services to access and use the digital euro should take care that digital euro users can quickly and easily access and use the digital euro. In particular, digital euro payment accounts should be clearly labelled by the use of the official digital euro logo. Digital euro payment accounts should be accessed via one the main pages of the Internet website or an application, or any other front-end services, on an equal footing with non-digital euro payment accounts. Dedicated assistance should be offered allowing vulnerable consumers to use all basic services. Services should be aligned with the objectives under the code of conduct for accessibility laid down in Regulation (EU) 2022/2065 (Digital Services Act). When requested by the user, digital euro services should also made available in an accessible, easy and recognisable physical form like a card, free of charge.

Or. en

Amendment 520

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 64

Text proposed by the Commission

Amendment

(64) To provide for instantaneous settlement, both online and offline digital euro transactions, including in the context of funding and defunding, and as waterfall and reverse waterfall functionalities, should be settled instantaneously, in a few seconds only, in normal circumstances. The settlement of online digital euro payment transactions should be performed in the digital euro settlement infrastructure adopted by the Eurosystem. Online digital euro payment transactions should be settled in a matter of seconds as specified under the functional and technical requirements adopted by the European Central Bank. Final settlement of online digital euro payment transactions should be achieved at the moment of recording the digital euros concerned of the payer and the payee in the digital euro settlement infrastructure approved by the European Central Bank, irrespective of whether digital euros are recorded as holding balances or units of value, or of the technology used. The digital euro settlement infrastructure should seek to ensure adaptation to new technologies, including distributed ledger technology.

(64) To provide for instantaneous settlement, both online and offline digital euro transactions, including in the context of funding and defunding, should be settled instantaneously, in a few seconds only, in normal circumstances. The settlement of online digital euro payment transactions should be performed in the digital euro settlement infrastructure adopted by the Eurosystem. Online digital euro payment transactions should be settled in a matter of seconds as specified under the functional and technical requirements adopted by the European Central Bank. Final settlement of online digital euro payment transactions should be achieved at the moment of recording the digital euros concerned of the payer and the payee in the digital euro settlement infrastructure approved by the European Central Bank, irrespective of whether digital euros are recorded as holding balances or units of value, or of the technology used. The digital euro settlement infrastructure should seek to ensure adaptation to new technologies, including distributed ledger technology.

Or. en

Amendment 521

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 65

Text proposed by the Commission

Amendment

(65) Due to the absence of network connectivity, the settlement of offline proximity payments in digital euros should be performed in the local storage of the payment device respectively of payers and payees. Offline proximity payments in digital euros should be settled in a matter of seconds as specified under the functional and technical requirements adopted by the European Central Bank. Final settlement should occur at the moment of updating the records of relevant digital euro holdings in the local storage devices of, respectively, the payer and the payee, irrespective of whether digital euros are recorded as holding balances or units of value, or of the technology used.

(65) The settlement of offline digital euro payment transactions should be performed without the need for a digital euro settlement infrastructure. Offline digital euro payment transactions should be settled in a matter of seconds as specified under the functional and technical requirements adopted by the European Central Bank. Final settlement should occur at the moment when the funds in the payer’s offline digital euro device are directly transferred to the payee’s offline digital euro device without any intermediation of any payment service provider or the digital euro settlement infrastructure.

Or. en

Amendment 522

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Recital 67

Text proposed by the Commission

Amendment

(67) For reasons of contractual freedom and to ensure competition, digital euro users should have the possibility to switch their digital euro payment accounts to different payment service providers. At the request of the digital euro users, payment service providers should then enable the switching of the digital euro payment accounts, while maintaining the same account identifiers. In exceptional circumstances where a payment service provider is unable to perform this task, including due to having lost the relevant digital euro payment account-related data, the European Central Bank should be able to authorise the switching of digital euro payment accounts so that the new payment service provider designated by the digital euro user can retrieve the information about the digital euro holdings of the digital euro user and complete the switching without relying on the unavailable payment service provider. This process should allow a digital euro user to then continue accessing its digital euro holdings via the new designated payment service provider. The European Central Bank would not have any operational role in the switching on account both in both going concern situations and exceptional circumstances.

(67) In exceptional circumstances where a payment service provider is unable to perform this task, including due to having lost the relevant digital euro payment account-related data, the European Central Bank should be able to authorise the switching of digital euro payment accounts so that the new payment service provider designated by the digital euro user can retrieve the information about the digital euro holdings of the digital euro user and complete the switching without relying on the unavailable payment service provider. This process should allow a digital euro user to then continue accessing its digital euro holdings via the new designated payment service provider. The European Central Bank would not have any operational role in the switching on account both in both going concern situations and exceptional circumstances.

Or. en

Amendment 523

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Recital 67

Text proposed by the Commission

Amendment

(67) For reasons of contractual freedom and to ensure competition, digital euro users should have the possibility to switch their digital euro payment accounts to different payment service providers, which should be free of charge in line with Directive 2014/92/EU (Payment Account Directive). At the request of the digital euro users, payment service providers should then enable the switching of the digital euro payment accounts, while maintaining the same account identifiers. In exceptional circumstances where a payment service provider is unable to perform this task, including due to having lost the relevant digital euro payment account-related data, the European Central Bank should be able to authorise the switching of digital euro payment accounts so that the new payment service provider designated by the digital euro user can retrieve the information about the digital euro holdings of the digital euro user and complete the switching without relying on the unavailable payment service provider. This process should allow a digital euro user to then continue accessing its digital euro holdings via the new designated payment service provider. The European Central Bank would not have any operational role in the switching on account both in both going concern situations and exceptional circumstances.

Or. en

Amendment 524

Luděk Niedermayer

Proposal for a regulation

Recital 67

Text proposed by the Commission

Amendment

(67) For reasons of contractual freedom and to ensure competition, digital euro users should have the possibility to switch their digital euro payment accounts to different payment service providers. At the request of the digital euro users, payment service providers should then enable the switching of the digital euro payment accounts without unnecessary delay, while maintaining the same account identifiers. In exceptional circumstances where a payment service provider is unable to perform this task, including due to having lost the relevant digital euro payment account-related data, the European Central Bank should be able to authorise the switching of digital euro payment accounts so that the new payment service provider designated by the digital euro user can retrieve the information about the digital euro holdings of the digital euro user and complete the switching without relying on the unavailable payment service provider. This process should allow a digital euro user to then continue accessing its digital euro holdings via the new designated payment service provider. The European Central Bank would not have any operational role in the switching on account both in both going concern situations and exceptional circumstances.

Or. en

Amendment 525

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Recital 67

Text proposed by the Commission

Amendment

(67) For reasons of contractual freedom and to ensure competition, digital euro users should have the possibility to switch their digital euro payment accounts to different payment service providers free of charge. At the request of the digital euro users, payment service providers should then enable the switching of the digital euro payment accounts, while maintaining the same account identifiers. In exceptional circumstances where a payment service provider is unable to perform this task, including due to having lost the relevant digital euro payment account-related data, the European Central Bank should be able to authorise the switching of digital euro payment accounts so that the new payment service provider designated by the digital euro user can retrieve the information about the digital euro holdings of the digital euro user and complete the switching without relying on the unavailable payment service provider. This process should allow a digital euro user to then continue accessing its digital euro holdings via the new designated payment service provider. The European Central Bank would not have any operational role in the switching on account both in both going concern situations and exceptional circumstances.

Or. en

Amendment 526

Markus Ferber

Proposal for a regulation

Recital 68

Text proposed by the Commission

Amendment

(68) The prevention of fraud by payment service providers is essential for the protection of citizens making use of the digital euro, the integrity of the personal data processed in digital euro payments, and to ensure the smooth and efficient functioning of the digital euro. Fraud prevention plays an essential role in maintaining trust in the single currency. For this purpose, the European Central Bank may establish a general fraud detection and prevention mechanism to support fraud management activities performed by payment service providers on online digital euro payment transactions. A general fraud detection and prevention mechanism delivers a range of essential functions to detect fraud patterns that a single payment service provider could not detect on its own. Often one payment service provider does not have the full picture about all elements that could lead to timely fraud detection. However, it can be made more effective with information on potentially fraudulent activity stemming from other payment service providers. This general fraud detection function exists in comparable payment schemes and is necessary to achieve demonstrably low fraud rates in order to keep the digital euro secure for both consumers and merchants. The transfer of information between PSPs and the fraud detection and prevention mechanism should be subject to state-of-the-art security and privacy-preserving measures to ensure that individual digital euro users are not identified by the central fraud detection and prevention mechanism.

(68) The prevention of fraud by payment service providers is essential for the protection of citizens making use of the digital euro, the integrity of the personal data processed in digital euro payments, and to ensure the smooth and efficient functioning of the digital euro. Fraud prevention plays an essential role in maintaining trust in the single currency. For this purpose, the European Central Bank may establish a general fraud detection and prevention mechanism to support fraud management activities performed by payment service providers on online digital euro payment transactions. Therefore, the general fraud detection and prevention mechanism should include a possibility for payment services providers to exchange fraud data. A general fraud detection and prevention mechanism delivers a range of essential functions to detect fraud patterns that a single payment service provider could not detect on its own. Often one payment service provider does not have the full picture about all elements that could lead to timely fraud detection. However, it can be made more effective with information on potentially fraudulent activity stemming from other payment service providers. This general fraud detection function exists in comparable payment schemes and is necessary to achieve demonstrably low fraud rates in order to keep the digital euro secure for both consumers and merchants. The transfer of information between PSPs and the fraud detection and prevention mechanism should be subject to state-of-the-art security and privacy-preserving measures to ensure that individual digital euro users are not identified by the central fraud detection and prevention mechanism.

Or. en

Amendment 527

Regina Doherty

Proposal for a regulation

Recital 68

Text proposed by the Commission

Amendment

Or. en

Amendment 528

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 69

Text proposed by the Commission

Amendment

(69) To process digital euro payments online or offline, it is essential that front end service providers for the digital euro and issuers of European Digital Identity Wallets obtain access to near field communication technology (NFC) on mobile devices. These components include, in particular but not exclusively, NFC antennas and the so-called secure elements of mobile devices (e.g.: Universal Integrated Circuit Card (UICC), embedded SE (eSE), and microSD etc). It is therefore necessary to ensure that whenever needed to provide digital euro services, original equipment manufacturers of mobile devices or providers of electronic communication services would not refuse access to NFC antennas and secure elements. Central bank money with legal tender should be widely accessible. To ensure this also in the digital economy, providers of front-end services for the digital euro and operators of European Digital Identity Wallets shall be entitled to store software on relevant mobile devices’ hardware in order to make transactions with digital euro technically possible both online and offline. For this purpose, original equipment manufacturers of mobile devices and providers of electronic communication services should be obliged to provide access on fair, reasonable and non-discriminatory terms to all hardware and software components when needed for online and offline digital euro transactions. In all instances, such operators would be obliged to provide adequate capacity on relevant hardware and software features in mobile devices to process online digital euro payment transactions and for storing digital euros on mobile devices for offline digital euro payment transactions. This obligation should be without prejudice to Article 6 paragraph (7) of Regulation (EU) 2022/1925, which obliges gatekeepers to provide, free of charge, effective interoperability with, and access for the purposes of interoperability to, the operating system, hardware or software features of mobile devices, which is applicable to existing and new digital means of payments, including the digital euro.

deleted

Or. en

Amendment 529

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Recital 69

Text proposed by the Commission

Amendment

(69) To process digital euro payments online or offline, it is essential that front end service providers for the digital euro and issuers of European Digital Identity Wallets obtain access to near field communication technology (NFC) on mobile devices. These components include, in particular but not exclusively, NFC antennas and the so-called secure elements of mobile devices (e.g.: Universal Integrated Circuit Card (UICC), embedded SE (eSE), and microSD etc). It is therefore necessary to ensure that whenever needed to provide digital euro services, original equipment manufacturers of mobile devices or providers of electronic communication services would will allow access to NFC antennas and secure elements without any fee. Central bank money with legal tender should be widely accessible. To ensure this also in the digital economy, providers of front-end services for the digital euro and operators of European Digital Identity Wallets shall be entitled to store software on relevant mobile devices’ hardware in order to make transactions with digital euro technically possible both online and offline. For this purpose, original equipment manufacturers of mobile devices and providers of electronic communication services should be obliged to provide access on fair, reasonable and non-discriminatory terms and without any fee to all hardware and software components when needed for online and offline digital euro transactions. The Commission shall adopt implementing acts to specify the measures required by original equipment manufacturers of mobile devices and providers of electronic communication to enable this regulation to be complied with. The Commission shall monitor compliance and establish penalties for infringements. In all instances, such operators would be obliged to provide adequate capacity on relevant hardware and software features in mobile devices to process online digital euro payment transactions and for storing digital euros on mobile devices for offline digital euro payment transactions. This obligation should be without prejudice to Article 6 paragraph (7) of Regulation (EU) 2022/1925, which obliges gatekeepers to provide, free of charge, effective interoperability with, and access for the purposes of interoperability to, the operating system, hardware or software features of mobile devices, which is applicable to existing and new digital means of payments, including the digital euro.

Or. en

Amendment 530

Dirk Gotink

Proposal for a regulation

Recital 71

Text proposed by the Commission

Amendment

(71) The digital euro should therefore be designed so as to minimise the processing of personal data by payment service providers and by the European Central Bank to what is necessary to ensure the proper functioning of the digital euro. The digital euro should be available offline, with a level of privacy vis a vis payment service providers which is comparable to withdrawals of banknotes at automatic teller machines. The settlement of digital euro transactions should be designed in such a way that neither the European Central Bank nor national central banks can attribute data to an identified or identifiable digital euro user.

(71) Preserving the privacy of digital euro users and fostering trust that this privacy is protected are essential for the adoption of the digital euro and for the feasibility of the project. The digital euro should therefore be designed so as to minimise the processing of personal data by payment service providers and by the European Central Bank to what is necessary to ensure the proper functioning of the digital euro. The digital euro should be available offline, with a level of privacy vis a vis payment service providers which is comparable to withdrawals of banknotes at automatic teller machines. The settlement of digital euro transactions should be designed in such a way that neither the European Central Bank nor national central banks can attribute data to an identified or identifiable digital euro user.

Or. en

Amendment 531

Luděk Niedermayer

Proposal for a regulation

Recital 71 a (new)

Text proposed by the Commission

Amendment

(71 a) To balance the need for predictability in the preparation of the launch of the digital euro with the requirement of political accountability to elected representatives, the Council of the European Union or the European Parliament may, in the case of a reasoned opinion that the project is not progressing within the limits set by the co-legislators, request the European Commission, no later than 2028, to present a report on the state of progress and on the consistency of the implementation with this Regulation. On the basis of that report, the Council or the European Parliament may agree to request European Commission to initiate appropriate measures or formulate recommendations to the European Central Bank, where such request or recommendations are considered justified.

Or. en

Amendment 532

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 73

Text proposed by the Commission

Amendment

(73) Payment service providers should be able to process personal data in so far as it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro. In line with Article 6(1)(c) of Regulation (EU) 2016/679, processing activities should be considered lawful as regards the digital euro if and to the extent that they are necessary for compliance with a legal obligation to which the controller is subject pursuant to this Regulation. In the framework of this regulation, the processing of personal data for the purposes of the enforcement of holding limits, the initiation of the funding and de-funding of a user’s holdings, and the management of local storage devices for offline digital euro payments are tasks in the public interest that are essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. Payment service providers will be the controller of personal data as regards these tasks. In addition, payment service providers may process personal data to comply with existing tasks in the public interest or for compliance with a legal obligation established in Union law that apply to funds defined in Directive (EU) 2015/2366. These tasks apply to the provision of payment services and the prevention and detection of fraud in accordance with Directive (EU) 2015/2366, combatting money laundering and terrorist financing in accordance with Directive (EU) 2015/849, the fulfilment of obligations related to taxation and tax avoidance, and the management of operational and security risks in line with Regulation (EU) 2022/255.

(73) Payment service providers should be able to process personal data only where they are performing a task in the public interest on the basis of a legal obligation (Article 6(1)(c) GDPR) and where it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro. In line with Article 6(1)(c) of Regulation (EU) 2016/679, processing activities should be considered lawful as regards the digital euro if and to the extent that they are necessary for compliance with a legal obligation to which the controller is subject pursuant to this Regulation. In the framework of this regulation, the processing of personal data for the purposes of the enforcement of holding limits, the initiation of the funding and de-funding of a user’s holdings, and the management of local storage devices for offline digital euro payments are tasks in the public interest that are essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. Payment service providers will be the controller of personal data as regards these tasks. In addition, payment service providers may process personal data to comply with existing tasks in the public interest or for compliance with a legal obligation established in Union law that apply to funds defined in Directive (EU) 2015/2366. These tasks apply to the provision of payment services and the prevention and detection of fraud in accordance with Directive (EU) 2015/2366, combatting money laundering and terrorist financing in accordance with Directive (EU) 2015/849, the fulfilment of obligations related to taxation and tax avoidance, and the management of operational and security risks in line with Regulation (EU) 2022/255. No further processing of personal data should be allowed.

Or. en

Amendment 533

Sibylle Berg

Proposal for a regulation

Recital 73

Text proposed by the Commission

Amendment

(73) Payment service providers should be able to process personal data in so far as it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro. In line with Article 6(1)(c) of Regulation (EU) 2016/679, processing activities should be considered lawful as regards the digital euro if and to the extent that they are necessary for compliance with a legal obligation to which the controller is subject pursuant to this Regulation. In the framework of this regulation, the processing of personal data for the purposes of the enforcement of holding limits, the initiation of the funding and de-funding of a user’s holdings, and the management of local storage devices for offline digital euro payments complies with a legal obligation that is essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. Payment service providers will be the controller of personal data as regards these tasks. In addition, payment service providers may process personal data to comply with a legal obligation established in Union law that apply to funds defined in Directive (EU) 2015/2366. These tasks apply to the provision of payment services and the prevention and detection of fraud in accordance with Directive (EU) 2015/2366, combatting money laundering and terrorist financing in accordance with Directive (EU) 2015/849, the fulfilment of obligations related to taxation and tax avoidance, and the management of operational and security risks in line with Regulation (EU) 2022/255. No further processing of personal data should be allowed. This includes the access, storage and processing of data by third parties in the framework of open banking.

Or. en

Justification

Alignment with Art. 34

Amendment 534

Markus Ferber

Proposal for a regulation

Recital 73

Text proposed by the Commission

Amendment

(73) Payment service providers should be able to process personal data only in so far as it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro. In line with Article 6(1)(c) of Regulation (EU) 2016/679, processing activities should be considered lawful as regards the digital euro if and to the extent that they are necessary for compliance with a legal obligation to which the controller is subject pursuant to this Regulation. In the framework of this regulation, the processing of personal data for the purposes of the enforcement of holding limits, the initiation of the funding and de-funding of a user’s holdings, and the management of local storage devices for offline digital euro payments are tasks in the public interest that are essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. Payment service providers will be the controller of personal data as regards these tasks. In addition, payment service providers may process personal data to comply with existing tasks in the public interest or for compliance with a legal obligation established in Union law that apply to funds defined in Directive (EU) 2015/2366. These tasks apply to the provision of payment services and the prevention and detection of fraud in accordance with Directive (EU) 2015/2366, combatting money laundering and terrorist financing in accordance with Directive (EU) 2015/849, the fulfilment of obligations related to taxation and tax avoidance, and the management of operational and security risks in line with Regulation (EU) 2022/255.

Or. en

Amendment 535

Sirpa Pietikäinen

Proposal for a regulation

Recital 74 a (new)

Text proposed by the Commission

Amendment

(74 a) To ensure the resilient operation of the digital euro payments system in the Union, the digital euro settlement infrastructure shall consist of separate processing sites, which are physically located in the Union within an appropriate geographical distance of a minimum of 1000 kilometres from another site thus diminishing the risk of creating a single point of failure. Each processing sites shall have adequate resources, capabilities, functions and staffing arrangements to ensure operability. All processing sites shall be capable of ensuring the continuity of important or critical settlement functions in the event of a disruption, an incident or an attack without compromising the security, availability, authenticity, integrity or confidentiality of data, or the services provided by another processing site. The digital euro settlement infrastructure shall have in place documented policies, procedures and methods for the quick and efficient restoration and recovery of a processing site. The activation of policies, procedures and methods shall not jeopardize the security, availability, authenticity, integrity or confidentiality of data related to the digital euro settlement infrastructure.

Or. en

Amendment 536

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 74 a (new)

Text proposed by the Commission

Amendment

(74 a) Whereas Regulation (EU) 2024/2847 aims to safeguard consumers and businesses buying software or hardware products with digital elements, addressing inadequate cybersecurity levels and lack of timely security updates. The GDPR anchors EU data sovereignty by asserting jurisdiction over all personal data related to EU residents. Regulation (EU) 2022/868 establishes safeguards for access requests from third country governments regarding non-personal data, requiring that reusers in third countries ensure the same level of protection as EU law and accept EU jurisdiction.

Or. en

Amendment 537

Sirpa Pietikäinen

Proposal for a regulation

Recital 74 b (new)

Text proposed by the Commission

Amendment

(74 b) The digital euro settlement infrastructure shall also have in place processes to assess whether the disruption, incident or attack affecting the operability of a processing site has a significant impact on the operability of the infrastructure and, without undue delay, inform relevant competent national and Union authorities of the significant disruption, indecent or attack. Relevant authorities shall consists of the ESAs, national competent authorities including national central banks, single points of contact or CSIRTs designated or established in accordance with Directive (EU) 2022/2555, the resolution authorities, as referred to in Article 3 of Directive 2014/59/EU, and the Single Resolution Board (SRB) with respect to entities referred to in Article 7(2) of Regulation (EU) No 806/2014 of the European Parliament and of the Council (37), and with respect to entities and groups referred to in Article 7(4)(b) and (5) of Regulation (EU) No 806/2014 if such details concern incidents that pose a risk to ensuring critical functions within the meaning of Article 2(1), point (35), of Directive 2014/59/EU and other relevant public authorities under national law of the Member State. The resilience of the digital euro settlement infrastructure shall periodically be tested comprehensively. The conducted tests shall reflect the evolving threat landscape and the emergence of new risks.

Or. en

Amendment 538

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Recital 75

Text proposed by the Commission

Amendment

(75) Offline digital euro payment transactions are payments that occur in close physical proximity (“face-to-face”). They have similarities with transactions in cash and should be treated in a similar way in terms of privacy. Payment service providers should therefore not process personal data related to offline digital euro payment transactions, but only personal data related to depositing or withdrawing digital euros from digital euro payment accounts to load them onto the local storage devices, or from the local storage devices into the digital euro payment accounts This includes the identifier of the local storage devices which payment service providers attribute to a digital euro user that holds offline digital euro. That level of privacy would be comparable to withdrawals of banknotes at automatic teller machines when payment service providers process personal data related to a user’s identity and data pertaining to how funding and defunding transactions have been carried out. That means that no transaction data monitoring should occur for offline digital euro payment transactions.

(75) Offline digital euro payment transactions are payments that occur off-ledger, without a central settlement infrastructure, either in close physical proximity (“face-to-face”) or at a distance through a digital communication link if connectivity on both devices were to be available. Offline digital euro holdings are digitally stored in the device and there is no need for accounts or settlement infrastructures to perform a transaction. These are characteristics similar to cash and should be treated in a similar way in terms of privacy.

Or. en

Amendment 539

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Recital 76

Text proposed by the Commission

Amendment

(76) The European Central Bank and national central banks may process personal data in so far as it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro. In the framework of this regulation, the processing of personal data for the purposes of the settlement of digital euro payment transactions and the management of the security and integrity of the digital euro infrastructure are tasks in the public interest that are essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. The task of maintaining the security and integrity of digital euro infrastructure includes activities related to ensuring the stability and operational resilience of the digital euro. The European Central Bank and national central banks would be the controller of personal data as regards these tasks. The European Central Bank and national central banks would process personal data for these tasks using state-of-the-art security and privacy-preserving measures, such as pseudonymisation or encryption, to ensure that data cannot be used to directly identify a specific digital euro user..

(76) The European Central Bank and national central banks may process personal data in so far as it is necessary to fulfil tasks that are essential to the proper functioning of the digital euro, in full respect of Regulation (EU) 2018/1725 (EUDPR). In the framework of this regulation, the processing of personal data for the purposes of the settlement of digital euro payment transactions and the management of the security and integrity of the digital euro infrastructure are tasks in the public interest that are essential for the protection of citizens making use of the digital euro as well as for the stability and integrity of the Union's financial system. The task of maintaining the security and integrity of digital euro infrastructure includes activities related to ensuring the stability and operational resilience of the digital euro. The European Central Bank and national central banks would be the controller of personal data as regards these tasks. The European Central Bank and national central banks would process personal data for these tasks using state-of-the-art security and privacy-preserving measures, including pseudonymisation or encryption, to ensure that data cannot be used to directly identify a specific digital euro user.

Or. en

Amendment 540

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Recital 76 a (new)

Text proposed by the Commission

Amendment

(76 a) The development of the digital euro should be grounded in technological solutions that reflect the highest standards of innovation and security. Continuous monitoring and assessment of technological developments are essential to ensure that the digital euro remains robust, future-proof and capable of integrating advancements that enhance privacy, data protection, operational efficiency and overall system resilience. Such technological vigilance is necessary to preserve trust in the digital euro, support the integrity of its infrastructure and uphold the Union’s strategic autonomy in an increasingly competitive and rapidly evolving digital environment.

Or. en

Amendment 541

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Recital 76 b (new)

Text proposed by the Commission

Amendment

(76 b) The resilience of Union payment systems, including their cyber-resilience, constitutes a prerequisite for the stability of the internal market and for the continuity of essential economic functions. The digital euro should therefore be equipped with mechanisms and processes ensuring preparedness and the capacity to maintain uninterrupted payment services in situations of severe or imminent disruption. Reinforcing such preparedness is necessary to safeguard public confidence, protect users’ access to funds and uphold the Union’s ability to respond effectively to systemic, technological or exceptional events.

Or. en

Amendment 542

Luděk Niedermayer

Proposal for a regulation

Recital 77

Text proposed by the Commission

Amendment

(77) For the purpose of enforcing the holding limits and ensuring the exceptional switching of digital euro payment accounts in emergency situations upon the request of the digital euro user, a single access point of digital euro user identifiers and the related digital euro holding limits is necessary to ensure the efficient functioning of the digital euro across the entire euro area, as digital euro users may hold digital euro payment accounts in different Member States. Where widespread or severe disruptions affect the continuity of digital payments, it may become necessary for users to switch their digital euro payment accounts to alternative providers on an exceptional basis. The single access point should support such emergency situations by providing the information required to maintain the correct application of holding limits. Any such measures should be temporary, proportionate, and applied only for as long as the exceptional circumstances persist. When establishing the single access point, the European Central Bank and national central banks should ensure that the processing of personal data is minimised to what is strictly necessary and that data protection by design and by default is embedded. The European Central Bank and national central banks should consider, where appropriate and to minimise the risk of data breaches, the use of decentralised data storage.

Or. en

Amendment 543

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 80

Text proposed by the Commission

Amendment

(80) In contrast to offline digital euro payment transactions, online digital euro payment transactions are not limited to physical proximity transactions, and can be used to transfer funds at distance between digital euro users. For online digital euro payment transactions, central bank digital currencies could present greater AML/CFT risks than cash as they would be acting as an instrument whose liquidity is similar to that of cash but without the limitations on portability that are implicit in cash. It should therefore be laid down that an online digital euro payment transaction is to be subject to Directive (EU) 2015/849 of the European Parliament and of the Council, and Regulation (EU) 2015/847 of the European Parliament and of the Council39 .

(80) For online digital euro payment the AML/CFT risks are similar to comparable digital means of payment. It should therefore be laid down that an online digital euro payment transaction is to be subject to Directive (EU) 2015/849 of the European Parliament and of the Council, and Regulation (EU) 2015/847 of the European Parliament and of the Council

_________________

39 Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006 (OJ L 141, 5.6.2015, p. 1).

Or. en

Amendment 544

Markus Ferber

Proposal for a regulation

Recital 81

Text proposed by the Commission

Amendment

(81) In order to ensure a consistent application of the legal tender requirements and keep pace with technological developments, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission to supplement this Regulation by adopting delegated acts in respect of additional exceptions to mandatory acceptance and the types of personal data processed by payment services providers, the European Central Bank and the national central bank and providers of support services. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and to the Council.

deleted

Or. en

Amendment 545

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Recital 82

Text proposed by the Commission

Amendment

(82) While offline digital euro payment transactions have similarities with transactions in cash and should be treated in a similar way in terms of privacy specific holding and transaction limits for offline proximity payments are essential to mitigate AML/CFT risks,

deleted

Or. en

Amendment 546

Markus Ferber

Proposal for a regulation

Recital 85 a (new)

Text proposed by the Commission

Amendment

(85 a) Central bank digital currencies are a new development that could potentially have implications for financial stability and banks' business models. Therefore, the ECB and the European Commission should closely monitor the application of this regulation and report back regularly to the European legislator. These reports should also reflect on potential new use cases for the digital euro.

Or. en

Amendment 547

Markus Ferber

Proposal for a regulation

Recital 85 b (new)

Text proposed by the Commission

Amendment

(85 b) In order to ensure a clear separation between the monetary, supervisory and payment systems oversight tasks of the European Central Bank and its activities in relation to the Digital euro payment system, a dedicated unit should be established within the European Central Bank which has exclusive competence to carry out the tasks related to the operation and management of the digital euro payment system and infrastructure and which is independent in terms of accounting, organisation and decision-making, and whereas such separation is necessary to avoid conflicts of interest, to preserve the impartiality of supervisory decisions and to safeguard fair competition in the payments market.

Or. en

Amendment 548

Markus Ferber

Proposal for a regulation

Recital 85 c (new)

Text proposed by the Commission

Amendment

(85 c) The Union should ensure that the digital euro is designed around the practical needs of European companies. Digital payments are not just a financial tool, but a strategic lever for competitiveness, technological sovereignty, and resilient value chains. The European Central Bank should therefore offer a version of the digital euro with programmable payments, smart contract capability, and interoperability with existing systems, enabling automated B2B transactions and seamless integration into digital platforms. These features are key for Industry 4.0 use cases such as self-billing supply chains, instant settlement, and cross-border resource markets. With innovation-friendly standards, clear rules, and strong data protection, the Union can strengthen its open strategic autonomy, reduce dependence on non-European infrastructures, and build a competitive, technologically advanced payment ecosystem.

Or. en

Amendment 549

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

With a view to adapting the euro to technological changes and to ensuring its use as a single currency, this Regulation establishes the digital euro and lays down rules concerning in particular its legal tender status, distribution, use, and essential technical features.

With a view to providing a sovereign, secure and universally accepted digital means of payment throughout the euro area and safeguarding public access to public money in digital form, this Regulation establishes the digital euro as a form of central bank money that is digitally accessible to individuals and firms as a complement to cash. This Regulation lays down rules concerning in particular its legal tender status, distribution, use, and essential technical features, including the standards and procedures necessary for its functioning and interoperability across the euro area.

Or. en

Amendment 550

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

This Regulation establishes the digital euro and lays down rules concerning in particular its use, and essential technical features.

Or. en

Amendment 551

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

With a view to adapting the euro to technological changes and to ensuring its use as a single currency, ensuring that central bank money remains universally accessible for Europeans’ everyday transactions, not just in physical form, but also digitally, and ensure people's freedom to choose how to pay, this Regulation establishes the digital euro and lays down rules concerning in particular its legal tender status, distribution, use, and essential technical features

Or. en

Amendment 552

Gilles Boyer, Nikos Papandreou, Damian Boeselager, Pasquale Tridico

Proposal for a regulation

Article 1 – paragraph 1

Text proposed by the Commission

Amendment

With a view to adapting the euro to technological changes and to ensuring its use as a single currency, this Regulation establishes the digital euro as a new form of retail central bank digital currency, which allows for both online digital euro and offline digital euro payment transactions, and lays down rules concerning in particular its legal tender status, distribution, use, and essential technical features.

Or. en

Amendment 553

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 1 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

The digital euro, as redefined under this Regulation (wholesale and offline only), may be issued only on a pilot basis to assess its performance, privacy features, resilience, interoperability and impact on financial stability. After a pilot period of at least five years, the Commission and the European Central Bank must submit a comprehensive public evaluation report to the European Parliament and the Council, assessing whether to extend the digital euro to general use. Any decision to move from pilot to full deployment must be taken by separate legislative act, based on a clear demonstration of need, impact assessment, functional requirement, privacy protection, and no material adverse effect on financial stability, existing payment ecosystems or competition.

Or. en

Amendment 554

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 1 – paragraph 1 b (new)

Text proposed by the Commission

Amendment

This Regulation explicitly excludes:

a) any retail, online, or account-based digital euro accessible to natural persons;

b) any mandatory acceptance rules applicable to merchants or consumers;

c) any online system enabling tracing, monitoring or profiling of individual retail users.

Or. en

Amendment 555

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 1

Text proposed by the Commission

Amendment

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons;

1. ‘digital euro’ means only a wholesale central bank digital currency (wholesale CBDC) and tokenised offline digital euro usable for peer-to-peer and device-to-device payments without dependence on online networks; the issuance, distribution and use of any retail, account-based or online digital euro accessible directly to natural persons for routine consumer transactions is excluded from the scope of this Regulation. The wholesale CBDC may be used exclusively for interbank, financial market, institutional and large-value settlement transactions. The offline digital euro may be made available strictly for proximity payments among consenting parties, under holding and transaction limits.

Or. en

Amendment 556

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 1

Text proposed by the Commission

Amendment

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons;

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons, issued by the European Central Bank or the national central banks, constituting a liability on the balance sheet of these entities;

Or. en

Amendment 557

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 2 – paragraph 1 – point 1

Text proposed by the Commission

Amendment

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons;

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons, issued by the European Central Bank or a national central bank, constituting a liability item on the balance sheet of the issuer;

Or. en

Amendment 558

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 1

Text proposed by the Commission

Amendment

1. ‘digital euro’ means the digital form of the single currency available to natural and legal persons;

1. ‘digital euro’ means the digital form of the single currency as legal tender available to natural and legal persons in an offline and online setting;

Or. en

Amendment 559

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Lídia Pereira, Isabel Benjumea Benjumea, Antonio López-Istúriz White, Michalis Hadjipantela, Regina Doherty

Proposal for a regulation

Article 2 – paragraph 1 – point 1 a (new)

Text proposed by the Commission

Amendment

1 a. ‘offline digital euro’ means a non account-based, digital representation of cash issued by the European Central Bank that is digitally stored and accessible through an offline, bearer - type digital euro device, and that can be digitally and securely transferred to another offline digital euro device without the need for a centralised digital euro settlement infrastructure for final settlement of the transactions, and that can operate even if one or both offline digital euro devices temporarily or permanently have no internet connectivity; The offline digital euro shall be, as a means of payment, a non-physical “in rem” asset, issued by the ECB or the national central banks, constituting a liability item on the balance sheet of these entities. It shall be the property of digital euro users and applicable pursuant to the private law of the respective Member States;

Or. en

Amendment 560

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 1 a (new)

Text proposed by the Commission

Amendment

1 a. ‘wholesale digital euro’ means a digital form of central bank money issued only for settlement between financial institutions, market infrastructures, and public authorities;

Or. en

Amendment 561

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 1 b (new)

Text proposed by the Commission

Amendment

1 b. ‘offline digital euro’ means a token-based instrument allowing limited-value, proximity-based payments without internet connectivity, designed to preserve privacy and prevent the accumulation of transaction data;

Or. en

Amendment 562

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 4

Text proposed by the Commission

Amendment

4. ‘digital euro user’ means anyone making use of a digital euro payment service in the capacity of payer, payee, or both;

4. ‘digital euro user’ means holder of wholesale digital euro or authorised user of the offline digital euro, limited to institutional entities or natural persons participating in closed offline-payment pilots;

Or. en

Amendment 563

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 2 – paragraph 1 – point 4

Text proposed by the Commission

Amendment

4. ‘digital euro user’ means anyone making use of a digital euro payment service in the capacity of payer, payee, or both;

4. ‘digital euro user’ means a natural or legal person, which is the proprietor of the digital euro and makes use of a digital euro payment service;

Or. en

Amendment 564

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 2 – paragraph 1 – point 4

Text proposed by the Commission

Amendment

4. ‘digital euro user’ means anyone making use of a digital euro payment service in the capacity of payer, payee, or both;

4. ‘digital euro user’ means any natural or legal person, the holder of digital euro, making use of a digital euro payment service;

Or. en

Amendment 565

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 4

Text proposed by the Commission

Amendment

4. ‘digital euro user’ means anyone making use of a digital euro payment service in the capacity of payer, payee, or both;

4. ‘digital euro user’ means anyone a natural or legal person, the proprietor of the digital euro, making use of a digital euro payment service in the capacity of payer, payee, or both;

Or. en

Amendment 566

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 4

Text proposed by the Commission

Amendment

4. ‘digital euro user’ means anyone making use of a digital euro payment service in the capacity of payer, payee, or both;

4. ‘digital euro user’ means a natural or legal person making use of a digital euro payment service in the capacity of payer, payee, or both;

Or. en

Amendment 567

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 5

Text proposed by the Commission

Amendment

5. ‘digital euro payment account’ means an account held by one or more digital euro users with a payment service provider to access digital euro recorded in the digital euro settlement infrastructure or in an offline digital euro device and to initiate or receive digital euro payment transactions, whether offline or online, and irrespective of technology and data structure;

5. ‘digital euro payment account’ means an account held by users with a payment service provider to access digital euro recorded in the digital euro settlement infrastructure or in an offline digital euro device and to initiate or receive digital euro payment transactions, whether offline or online;

Or. en

Amendment 568

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 6

Text proposed by the Commission

Amendment

6. ‘European Digital Identity Wallets’ means the wallets set out in Article 6a of Regulation (EUDIWR) [please insert reference – proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 910/2014 as regards establishing a framework for a European Digital Identity – COM(2021) 281 final];

deleted

Or. en

Amendment 569

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 2 – paragraph 1 – point 6 a (new)

Text proposed by the Commission

Amendment

6 a. ‘distributor’ means any entity, public or private, providing digital euro payment services;

Or. en

Amendment 570

Irene Tinagli

Proposal for a regulation

Article 2 – paragraph 1 – point 7

Text proposed by the Commission

Amendment

7. ‘payment service provider’ means a payment service provider as defined in Article 4, point (11) of Directive 2015/2366;

7. ‘payment service provider for the digital euro’ means a payment service provider as defined in Article 4(11) of Directive 2015/2366, established within the Union, whose head office and internal governance are located in the Union, authorised to provide payment services, and subject to Union supervision;

Or. en

Amendment 571

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 2 – paragraph 1 – point 7

Text proposed by the Commission

Amendment

7. ‘payment service provider’ means a payment service provider as defined in Article 4, point (11) of Directive 2015/2366;

7. 'EU-supervised payment service provider’ means a payment service provider as defined in Article 4, point (11) of Directive 2015/2366 with head office and internal governance located within the Union as well as authorised and subject to supervision under Union law to provide payment services;

Or. en

Amendment 572

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 7

Text proposed by the Commission

Amendment

7. ‘payment service provider’ means a payment service provider as defined in Article 4, point (11) of Directive 2015/2366;

7. ‘EU-supervised payment service provider’ means a payment service provider as defined in Article 4, point (11) of Directive 2015/2366 with head office and internal governance located within the Union as well as authorised and subject to supervision under Union law to provide payment services;

Or. en

Amendment 573

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 7 a (new)

Text proposed by the Commission

Amendment

7 a. ‘designated entity’ means any public or private entity, as referred to in Article 1, points (a) to (f), of the Directive (EU) 2015/2366, entrusted by a Member State to distribute digital euro payment account services as a service of general economic interest;

Or. en

Amendment 574

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 8

Text proposed by the Commission

Amendment

8. 'digital euro payment service’ means any of the business activities set out in Annex I;

8. 'digital euro payment service’ means any of the business activities set out in Annex II, Annex IIa, and any other additional digital euro payment service;

Or. en

Amendment 575

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 8

Text proposed by the Commission

Amendment

8. 'digital euro payment service’ means any of the business activities set out in Annex I;

8. 'digital euro payment service’ means any of the business activities set out in Annex II;

Or. en

Amendment 576

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 11

Text proposed by the Commission

Amendment

11. ‘funding’ means the process whereby a digital euro user acquires digital euros, in exchange for either cash or other funds, creating a direct liability of the European Central Bank or a national central bank towards that digital euro user;

11. ‘funding’ means the process whereby a digital euro user acquires digital euros, in exchange for either cash or other funds, creating a liability item on the balance sheet of the European Central Bank or a national central bank towards that digital euro user;

Or. en

Amendment 577

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 11

Text proposed by the Commission

Amendment

11. ‘funding’ means the process whereby a digital euro user acquires digital euros, in exchange for either cash or other funds, meaning a direct liability of the European Central Bank or a national central bank towards that digital euro user;

Or. en

Amendment 578

Sibylle Berg

Proposal for a regulation

Article 2 – paragraph 1 – point 15

Text proposed by the Commission

Amendment

15. ‘offline digital euro payment transaction’ means a digital euro payment transaction, made in physical proximity, where authorisation and settlement take place in the local storage devices of both payer and payee;

15. ‘offline digital euro payment transaction’ means a digital euro payment transaction, where authorisation and settlement take place in the local storage devices of both payer and payee;

Or. en

Justification

For a real added value of the digital euro in comparison to cash, credit cards and crypto currencies, and following the concept of "digital cash", it should be possible to pay digitally as anonymously as in cash. It is not justified to limit this to payments in physical presence.

Amendment 579

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 15

Text proposed by the Commission

Amendment

15. ‘offline digital euro payment transaction’ means a digital euro payment transaction, made in physical proximity, where authorisation and settlement take place in the certified local storage devices of both payer and payee;

Or. en

Amendment 580

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 17

Text proposed by the Commission

Amendment

17. ‘conditional digital euro payment transaction’ means a digital euro payment transaction which is instructed automatically upon fulfilment of pre-defined conditions agreed by the payer and by the payee;

deleted

Or. en

Amendment 581

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 2 – paragraph 1 – point 18

Text proposed by the Commission

Amendment

18. ‘programmable money’ means units of digital money with an intrinsic logic that limits each unit’s full fungibility;

deleted

Or. en

Amendment 582

Luděk Niedermayer

Proposal for a regulation

Article 2 – paragraph 1 – point 18

Text proposed by the Commission

Amendment

18. ‘programmable money’ means units of digital money with an intrinsic logic that limits each unit’s full fungibility;

deleted

Or. en

Amendment 583

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 2 – paragraph 1 – point 19

Text proposed by the Commission

Amendment

19. the ‘digital euro settlement infrastructure’ means the settlement infrastructure of the digital euro adopted by the Eurosystem;

19. the ‘digital euro settlement infrastructure’ means the settlement infrastructure of the digital euro adopted by the European Central Bank, national central banks, or both;

Or. en

Amendment 584

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 2 – paragraph 1 – point 25

Text proposed by the Commission

Amendment

25. ‘comparable digital means of payment’ means digital means payment, including debit card payment and instant payment at the point of interaction but excluding credit transfer and direct debit that are not initiated at the point of interaction;

25. ‘comparable digital means of payment’ means digital means payment instruments which may be used in a digital environment including debit card payments, instant payments and credit card payments;

Or. en

Amendment 585

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 25

Text proposed by the Commission

Amendment

25. ‘comparable digital means of payment’ means debit card payment at the point of interaction;

Or. en

Amendment 586

Regina Doherty

Proposal for a regulation

Article 2 – paragraph 1 – point 25

Text proposed by the Commission

Amendment

25. ‘comparable digital means of payment’ means digital means of payment issued in the euro area, including debit card payment and instant payment at the point of interaction but excluding credit transfer and direct debit that are not initiated at the point of interaction;

Or. en

Amendment 587

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 2 – paragraph 1 – point 27

Text proposed by the Commission

Amendment

27. ‘user identifier’ means a unique identifier created by a payment service provider distributing the digital euro that unambiguously differentiates, for online digital euro purposes, digital euro users but that is not attributable to an identifiable natural or legal person by the European Central Bank and the national central banks;

27. 'digital euro account number' means a unique identifier that unambiguously identifies, for online digital euro purposes, a digital euro payment account but that is not attributable to an identifiable natural or legal person by the European Central Bank and the national central banks;

Or. en

Amendment 588

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 27

Text proposed by the Commission

Amendment

27. 'digital euro account number’ means a unique identifier that unambiguously identifies, for online digital euro purposes, a digital euro payment account but that is not attributable to an identifiable natural or legal person by the European Central Bank and the national central banks;

Or. en

Amendment 589

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 2 – paragraph 1 – point 27

Text proposed by the Commission

Amendment

27. ‘user identifier’ means a unique identifier generated by a payment service provider distributing the digital euro that unambiguously differentiates, for online digital euro purposes, digital euro users but that is not attributable to an identifiable natural or legal person by the European Central Bank and the national central banks;

Or. en

Amendment 590

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 2 – paragraph 1 – point 28

Text proposed by the Commission

Amendment

28. ‘user alias’ means a unique pseudonymous identifier used to protect user’s identity when processing digital euro payments that can only be attributable to an identifiable natural or legal person by the payment service provider distributing the digital euro or by the digital euro user;

28. ‘user alias’ means a digital euro payment account-specific pseudonymous identifier issued by the European Central Bank and/or national central banks upon a request from the payment service provider, used to safeguard the user’s identity when processing digital euro payment transactions that can only be linked to an identifiable natural or legal person by the payment service provider distributing the digital euro or by the digital euro user, comprising a mandatory alias (the digital euro payment access number) and, when so requested by the user, additional proxy aliases that may likewise be associated with the digital euro payment account;

Or. en

Amendment 591

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 2 – paragraph 1 – point 28

Text proposed by the Commission

Amendment

28. ‘user alias’ means a digital euro payment account specific pseudonymous identifier generated by the European Central Bank or national central banks upon request of the payment service provider used to protect user’s identity when processing digital euro payments that can only be attributable to an identifiable natural or legal person by the payment service provider distributing the digital euro or by the digital euro users including a compulsory alias and if requested by a digital euro user, additional proxy aliases that can also be linked to the digital euro payment account;

Or. en

Amendment 592

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 28

Text proposed by the Commission

Amendment

28. ‘user alias’ means a pseudonymous identifier composed of the unique digital euro account number and, upon request by the digital euro user, additional proxies, that unambiguously identifies a digital euro payment account and is used to protect user’s identity when processing digital euro payments that can only be attributable to an identifiable natural or legal person by the payment service provider distributing the digital euro or by the digital euro user;

Or. en

Justification

The reformulation should clarify that the user alias is equivalent to the digital euro account number and in addition upon the user request of additional proxies such as a phone number.

Amendment 593

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 29

Text proposed by the Commission

Amendment

29. ‘user authentication’ means a unique piece of information created by the payment service provider distributing the digital euro that together with the user identifier allows a digital euro user to prove ownership of the online digital euro holdings recorded in the digital euro settlement infrastructure;

29. ‘user authentication’ means a procedure as defined in article 4, paragraph 29 of Regulation (EU) 2015/2366.

Or. en

Amendment 594

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 29 a (new)

Text proposed by the Commission

Amendment

29 a. ‘Payment transaction data’ means data which is generated by a payment transaction within the processing limits laid down in Annex III, IV and V;

Or. en

Amendment 595

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 2 – paragraph 1 – point 31 a (new)

Text proposed by the Commission

Amendment

31 a. ‘digital euro payment access number’ means a compulsory user alias, that does not contain the country or payment service provider code, and that allows the switching of the payment service provider that provides digital euro payment services while maintaining the same digital euro payment access number;

Or. en

Amendment 596

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 2 – paragraph 1 – point 31 a (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 597

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 31 a (new)

Text proposed by the Commission

Amendment

31 a. ‘pre-dispute services’ means services made available to digital euro users by payment service providers that facilitate consumers and merchants reaching an agreement on disputes prior to the remedies in accordance with Article 27;

Or. en

Amendment 598

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 2 – paragraph 1 – point 31 a (new)

Text proposed by the Commission

Amendment

31 a. ‘certified local storage device’: means a functionality that enables to store and exchange offline digital euros through mobile devices and smartcards including a secure element complying with ECB technical specifications.

Or. en

Amendment 599

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 2 – paragraph 1 – point 31 b (new)

Text proposed by the Commission

Amendment

31 b. ‘unmanned point of sale’ means a physical device or system via which goods or services are provided directly to the payer by or on behalf of the payee, in return for payment, without the presence of any staff or agents of the payee. This includes vending machines, ticketing machines, parking meters, self-service fuel and charging stations, and other similar systems.

Or. en

Amendment 600

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 2 – paragraph 1 – point 31 b (new)

Text proposed by the Commission

Amendment

31 b. A kernel is a core piece of software embedded in payment terminals that handles the processing of payment transactions.

Or. en

Amendment 601

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The offline digital euro is hereby established as a digital payment system of the Eurosystem.

Or. en

Amendment 602

Stephen Nikola Bartulica, Marlena Maląg, Geadis Geadi, Nora Junco García, Diego Solier

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The offline digital euro is hereby established as a digital form of the single currency.

Or. en

Amendment 603

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Lídia Pereira, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The digital euro is hereby established as the digital form of the single currency, in both its offline and online form. The establishment of the online digital euro shall come into play as a backfall option in the absence of at least one successful pilot project of a pan-European sovereign retail payment solution that operates and enables payments in all euro area Member States with regard to person-to-person, point-of-sale and e-commerce payments, either directly or through interoperability with other European sovereign retail payment solutions. To verify whether such as successful pilot has taken place, the European Commission shall perform a market test at the latest by the last quarter of 2028 to assess whether those conditions are met, as demonstrated by at least one verifiable successful pilot project.

Or. en

Amendment 604

Pasquale Tridico

on behalf of The Left Group

Jussi Saramo

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The digital euro is hereby established as the digital form of the single currency, ensuring the usability of central bank money across all payment contexts.

Or. en

Amendment 605

Regina Doherty

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The digital euro is hereby established as the digital form of the single currency, for use in both online and offline formats.

Or. en

Amendment 606

Dirk Gotink

Proposal for a regulation

Article 3 – paragraph 1

Text proposed by the Commission

Amendment

The digital euro is hereby established as the digital form of the single currency.

The digital euro is hereby established, both in online and offline form, as the digital form of the single currency.

Or. en

Amendment 607

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 3 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

The European Central Bank shall inform the Commission of the completion of the preparatory work for the issue of the offline digital euro referred to in Article 4(2a) immediately after its completion. Taking into account the European Central Bank’s information, the Commission shall assess for each Member State which currency is the euro whether pan-European sovereign retail payment solutions operate and enable payments in that all euro area Member State with regard to person-to-person, point-of-sale and e-commerce payments, either directly or through interoperability with other European sovereign retail payment solutions. Within six months of receipt of the European Central Bank’s information pursuant to the first subparagraph, the Commission shall submit a report to the European Parliament and to the Council, setting out the conclusions of its assessment pursuant to the second subparagraph for each Member State which currency is the euro. In the report referred to in the third subparagraph, the Commission shall also assess:

(a) the progress of Pan-European sovereign payment solutions with regard to providing greater European sovereignty and resilience in payments,

(b) the impact of Pan-European sovereign payment solutions on competition and innovation on the payment markets for each Member State which currency is the euro.

Or. en

Amendment 608

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 3 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

(1e) Where the assessment referred to in paragraph 1(b) concludes that a pan-European sovereign retail payment solution operates in accordance with the definition laid down in Article 2(1)(c), such conclusion shall be deemed valid only for as long as that solution continues to comply fully and continuously with all the conditions set out in points (a) to (f) of that provision.

Should any of those conditions cease to be fulfilled at any moment during the operation of the pan-European sovereign retail payment solution, the conclusion of the Commission’s assessment pursuant to paragraph 1(b) shall be considered no longer valid. In such a case, the procedure laid down in Article 4(1) shall be deemed automatically reactivated, and the European Central Bank may proceed, in accordance with this Regulation, with the issuance of the online digital euro based on an ECB ledger payments infrastructure.

The Commission shall, for this purpose, establish a mechanism for continuous monitoring of compliance with Article 2(1)(c), and shall promptly inform the European Parliament, the Council and the European Central Bank of any event capable of affecting such compliance.

Or. en

Amendment 609

Stephen Nikola Bartulica, Marlena Maląg, Geadis Geadi, Nora Junco García, Diego Solier

Proposal for a regulation

Article 3 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

The establishment of the online digital euro as a digital form of the single currency shall be subject to the condition set out in paragraphs 1b and 1c.

Or. en

Amendment 610

Stephen Nikola Bartulica, Marlena Maląg, Geadis Geadi, Nora Junco García, Diego Solier

Proposal for a regulation

Article 3 – paragraph 1 b (new)

Text proposed by the Commission

Amendment

The European Central Bank shall inform the Commission of the completion of the preparatory work for the issue of the offline digital euro.

Taking into account the European Central Bank’s information, the Commission shall assess whether pan-European sovereign retail payment solutions operate and enable payments in all euro area Member States with regard to person-to-person, point-of-sale and e-commerce payments, either directly or through interoperability with other European sovereign retail payment solutions.

Within six months of receipt of the European Central Bank’s information pursuant to the first subparagraph, the Commission shall submit a report to the European Parliament and to the Council, setting out the conclusions of its assessment pursuant to the second subparagraph.

In the report referred to in the third subparagraph, the Commission shall also assess:

(a) the progress of Pan-European sovereign payment solutions with regard to providing greater European sovereignty and resilience in payments,

(b) the impact of Pan-European sovereign payment solutions on competition and innovation on the payment markets. [ES1]text taken from the draft report.

Or. en

Amendment 611

Stephen Nikola Bartulica, Marlena Maląg, Geadis Geadi, Nora Junco García, Diego Solier

Proposal for a regulation

Article 3 – paragraph 1 c (new)

Text proposed by the Commission

Amendment

In the event the report referred to in paragraph 1b, third subparagraph, concludes a negative assessment for a pan-European sovereign retail payment solution pursuant to paragraph 1b, second subparagraph, the Commission shall submit the report to the European Parliament without delay. The European Parliament shall assess the report, in the context of its ongoing Monetary Dialogue with the ECB pursuant to Article 284(3) TFEU, and, by a majority of its component Members, adopt a resolution endorsing the ECB's proposal for the establishment of the online digital euro as a regulatory measure under Article 133 TFEU, including endorsement of any necessary implementing measures, or refrain from doing so, thereby closing the matter without further revision or referral, subject to the ECB's decision in accordance with its mandate. Without prejudice to a roll-out phase of at least 24 months, the online digital euro shall be considered endorsed for issuance upon the Parliament's affirmative resolution. This a solution to avoid tabling as well amendments to Article 4 and to make the text compatible.

Or. en

Justification

This amends rapporteur's paragraph 1c by mandating parliamentary endorsement, aligning with ECB accountability under Article 284(3) TFEU and ECR demands for democratic oversight in digital euro design.

Amendment 612

Luděk Niedermayer, Dirk Gotink

Proposal for a regulation

Article 3 a (new)

Text proposed by the Commission

Amendment

Article 3a

Conditions for the introduction of the digital euro

1. The full-scale introduction of the digital euro shall be based on the European Central Bank’s testing, assessment and preparatory work.

2. After conditions are met, digital euro should be introduced without delay. No additional preconditions shall be required for its introduction beyond those laid down in this Regulation and those necessary to ensure its safe and orderly deployment.

Or. en

Amendment 613

Markus Ferber

Proposal for a regulation

Article 3 a (new)

Text proposed by the Commission

Amendment

Article 3a

Separation of the supervisory and digital euro tasks of the European Central Bank

The monetary, supervisory and payment systems oversight tasks of the European Central Bank in accordance with Articles 119 to 144, 219 and 282 to 284 of the Treaty on the Functioning of the European Union, and the ECB's activities in relation to the digital euro payment system shall be separated organisationally.

Or. en

Amendment 614

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 4 – title

Text proposed by the Commission

Amendment

Issuance of the digital euro

Issuance and nature of the digital euro

Or. en

Amendment 615

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

1. In accordance with the Treaties, the European Central Bank shall have the exclusive right to authorise the issue of the digital euro, and the European Central Bank and the national central banks may issue the digital euro.

1. The European Central Bank may issue digital euro.

The issuance shall be:

a) restricted to wholesale participants, including credit institutions, payment institutions, investment firms, and designated market infrastructures;

b) limited offline issuance to pilot programmes, subject to strict transaction and holding caps.

Or. en

Amendment 616

Jonás Fernández, Aurore Lalucq, Carla Tavares, Thomas Bajada, Eero Heinäluoma, César Luena, Costas Mavrides, Lara Wolters

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

1. In accordance with the Treaties, the European Central Bank has the exclusive right to issue the digital euro, and the European Central Bank and the national central banks shall issue the digital euro.

Or. en

Amendment 617

Luděk Niedermayer, Martine Kemp

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

1. In accordance with the Treaties, the European Central Bank has the exclusive right to issue the digital euro, and the European Central Bank and the national central banks may issue the digital euro.

Or. en

Amendment 618

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 619

Pasquale Tridico

on behalf of The Left Group

Jussi Saramo

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 620

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 621

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 4 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 622

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher

Proposal for a regulation

Article 4 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. Before the planned issuance of the digital euro, the ECB shall submit a report to the European Parliament, the Council and the Commission demonstrating the compliance of the project with the rules laid down by this regulation. That report shall be presented to the relevant committee of the European Parliament and the Council configuration on Economic and Financial Affairs.

Or. en

Amendment 623

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 4 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. Any issuance of a consumer-facing, online or account-based digital euro is prohibited under this Regulation.

Or. en

Amendment 624

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro shall be a direct liability item on the balance sheet of the European Central Bank or of national central banks towards digital euro users. The digital euro holdings shall be the property of digital euro users and not of the payment service providers providing digital euro services.

Or. en

Amendment 625

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro shall be a direct liability on the balance sheet of the European Central Bank or of national central banks towards digital euro users. It shall be the exclusive property of the digital euro users.

Or. en

Amendment 626

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro shall be a liability item on the balance sheet of the European Central Bank or of national central banks towards digital euro users.

Or. en

Amendment 627

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro shall be a direct liability item on the balance sheet of the European Central Bank or of national central banks towards digital euro users.

Or. en

Amendment 628

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro shall be a direct liability on the balance sheet of the European Central Bank or of national central banks towards digital euro users.

Or. en

Amendment 629

Luděk Niedermayer, Martine Kemp

Proposal for a regulation

Article 4 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall be a direct liability of the European Central Bank or of national central banks towards digital euro users.

2. The digital euro is a direct liability of the European Central Bank or of national central banks towards digital euro users.

Or. en

Amendment 630

Stephen Nikola Bartulica, Marlena Maląg, Geadis Geadi, Nora Junco García, Diego Solier

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The European Central Bank shall conduct without delay all the technical and organisational tasks for the issue of the offline digital euro, in particular:

(a) the completion of the rulebook;

(b) the necessary infrastructure development and deployment;

(d) governance provisions;

(e) a successful pilot testing with real end users in a controlled test environment, including a dedicated security validation phase where the ECB shall allocate sufficient time — at least six months — for independent third-party organizations with specific hacking expertise to conduct comprehensive penetration testing ('red team' exercises) on the offline digital euro's devices, infrastructure, and protocols, aiming to verify unbreakability against unauthorized access, with findings publicly reported to the European Parliament and Council prior to finalizing the rulebook;

(f) that the pilot testing explicitly includes a representative sample of elderly persons and persons with limited digital skills or disabilities, with a view to ensuring that the offline digital euro is usable for all population groups, including those who are digitally excluded or rely heavily on cash;

(g) commissioning an independent feasibility report on open source-based alternatives for the online digital euro to assess their security, privacy, interoperability, and resilience against single points of failure, in line with the Commission's Open Source Software Strategy 2020-20231a; the report shall be completed during the preparation phase for the offline digital euro and submitted to the European Parliament and the Council for consideration prior to any online issuance decision;

(h) the development of clear liability rules for financial damage arising from system dysfunctions, cyber-attacks, or other operational failures, including compensation mechanisms for affected users, allocation of responsibility between the ECB, payment service providers, and Member State authorities, and mandatory insurance or reserve funds, to be finalized and reported to the European Parliament and Council prior to issuance.

_________________

1a Communication to the Commission ‘Open Source Software Strategy 2020-2023 - Think Open’, of 21 October 2020 (C(2020)7149 final).

Or. en

Justification

These additions refine the rapporteur's offline prioritization by embedding rigorous, independent checks and inclusion—ensuring a secure, privacy-respecting digital euro that complements (not replaces) cash. They enhance democratic accountability (reporting to Parliament/Council) without delaying issuance, supporting calls for caution on centralization risks.

Amendment 631

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. For the purposes of this Regulation, the digital euro, as an intangible asset and a form of central bank money, shall be held exclusively by digital euro users. It shall not constitute the property of payment service providers offering digital euro payment services, nor of any other intermediary.

Or. en

Amendment 632

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The digital euro shall be, as an immaterial asset, the sole property of digital euro users. It shall not be the property of the payment services providers providing digital euro payment services or any other intermediary.

Or. en

Amendment 633

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The digital euro shall be an immaterial asset and the sole property of digital euro users. It shall not be the property of the payment services providers of digital euro services or any other intermediary.

Or. en

Amendment 634

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 4 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2 b. The digital euro holdings and the means of access thereto shall be beyond the reach of creditors of the payment service providers of digital euro payment services. Where insolvency proceedings or other proceedings have been opened against a payment service provider providing digital euro payment services, the digital euro holdings and the means of access thereto shall remain the property of the digital euro users and shall not constitute an object of such proceedings The digital euro users may switch payment service providers in accordance with Article 31(2), or they may request a defunding of their digital euro holdings to a non-digital euro payment account.

Or. en

Amendment 635

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The European Central Bank shall conduct without delay all the technical and organisational tasks for the issue of the offline digital euro, in particular:

(a) the completion of the rulebook;

(b) the necessary infrastructure development and deployment;

(d) governance provisions; and

(e) a successful pilot testing with real end users in a controlled test environment;

Or. en

Amendment 636

Regina Doherty

Proposal for a regulation

Article 4 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. All necessary preparatory work and testing shall be carried out by the European Central Bank;

Or. en

Amendment 637

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 4 a (new)

Text proposed by the Commission

Amendment

Article 4a

Pilot testing

1. Before taking a decision pursuant to Article 4(1) to authorise the first issuance of the digital euro, the European Central Bank shall ensure that the digital euro has undergone pilot testing in a controlled real-life environment for a sufficient time. The pilot shall include both online and offline functionalities, with particular attention to offline-specific cyber risks, including double-spending prevention, device integrity, cryptographic key protection and the resilience of secure elements.

2. The pilot shall involve payment service providers established in Member States whose currency is the euro, and a selection of merchants and end users. It shall reflect a diversity of technological environments, network conditions, device types and user profiles, in order to test the system’s cyber-resilience, operational resilience, and user security awareness.

3. Upon completion of the pilot, and before any decision pursuant to Article 4(1), the European Central Bank shall publish a report summarising the results of the pilot, identified shortcomings and corrective measures taken. The report shall be transmitted to the European Parliament, the Council and the Commission.

The report shall also provide:

(a) an assessment of cyber-security and operational-resilience performance and of preparedness for emerging threats;

(b) an assessment of security dependencies and risks stemming from third-party service providers, including cloud-service providers;

(c) the measures taken to ensure that the digital euro infrastructure embeds in its design and operation the highest standards for privacy protection, including state-of-the-art cryptographic and encryption technical features.

Or. en

Amendment 638

Auke Zijlstra

Proposal for a regulation

Article 4 a (new)

Text proposed by the Commission

Amendment

Article 4a

Separation of the supervisory and digital euro tasks of the European Central Bank

1. A clear separation shall be established between the monetary, supervisory and payment systems oversight tasks of the European Central Bank in accordance with Articles 119-144, 219 and 282-284 of the TFEU, and its activities in relation to the digital euro payment system.

2. For that purpose, a dedicated unit shall be established within the European Central Bank. This unit shall have exclusive competence to carry out the tasks of the European Central Bank related to the operation and management of a digital euro payment system and infrastructure.

3. The unit shall be independent in terms of accounting, organisation, and decision-making processes.

Or. en

Amendment 639

Markus Ferber

Proposal for a regulation

Article 5 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be governed by the provisions of this Regulation, supplemented by the delegated acts that the Commission is empowered to adopt pursuant to Articles 11, 33, 34, 35 and 38, and by the implementing acts that the Commission is empowered to adopt pursuant to Article 37.

1. The digital euro shall be governed by the provisions of this Regulation, supplemented by the delegated acts that the Commission is empowered to adopt pursuant to Article 38, and by the implementing acts that the Commission is empowered to adopt pursuant to Article 37.

Or. en

Amendment 640

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be governed by the provisions of this Regulation, supplemented by the delegated acts that the Commission is empowered to adopt pursuant to Articles 11, 16, 33, 34, 35, 37 and 38, and by the implementing acts that the Commission is empowered to adopt pursuant to Article 17, 17a, 17b, 17c, 17d, and 33.

Or. en

Amendment 641

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 5 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be governed by the provisions of this Regulation, supplemented by the delegated acts that the Commission is empowered to adopt pursuant to Articles 11, 14, 34, 35, 36, 37 and 38, and by the implementing acts that the Commission is empowered to adopt pursuant to Article 13 and 33.

Or. en

Amendment 642

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 5 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. The provision of digital euro services shall not affect Member States’ need to ensure the continued geographical availability of cash withdrawal facilities, in particular in rural, remote or underserved areas.

Or. en

Amendment 643

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 5 – paragraph 2

Text proposed by the Commission

Amendment

2. Within the framework of this Regulation, the digital euro shall also be governed by the detailed measures, rules and standards that may be adopted by the European Central Bank pursuant to its own competences. Where these detailed measures, rules and standards have an impact on the protection of individuals’ rights and freedom with regard to the processing of personal data, the European Central Bank shall consult the European Data Protection Supervisor prior to their adoption. Such detailed measures, rules and standards shall fully implement the principles of data minimisation, data protection by design and by default, as defined in Regulation (EU) 2016/679, and shall implement privacy-enhancing technologies.

Or. en

Amendment 644

Markus Ferber

Proposal for a regulation

Article 5 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. The European Central Bank shall set up a governance platform for the digital euro rulebook. The platform shall include participants from the market for payment services, be based on the principle of self-regulation and shall help to establish the functional scope, common minimum standards and rules for certain digital euro payment services requiring interoperability between payment service providers or with the digital euro settlement infrastructure.

Or. en

Amendment 645

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 3

Text proposed by the Commission

Amendment

3. In accordance with Article 4(25) of Directive (EU) 2015/2366 of the European Parliament and of the Council, of 25 November 2015, on payment services in the internal market, as replaced by Directive (EU) [please insert reference – proposal for a Directive on payment services and electronic money services in the internal market - COM/2023/366 final] and Regulation (EU) [please insert reference – proposal for a Regulation on payment services in the internal market - COM/2023/367 final] of the European Parliament and of the Council, of XX/XX/2023, the provisions of that Directive shall apply to digital euro payment transactions.

3. Directive (EU) 2015/2366 [PSD3/PSR] shall apply to digital euro payment transactions, with the exception of:

- the provisions on payment initiation services in Chapter III of that Directive and Regulation;

- those provisions that allow Member States the possibility to set additional rules

Or. en

Amendment 646

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 4

Text proposed by the Commission

Amendment

4. In accordance with Article 2(10) of Regulation (EU) 2021/1230 of the European Parliament and of the Council of 14 July 2021 on cross-border payments in the Union, as amended by Regulation (EU) [please insert reference – proposal for a Regulation on the provision of digital euro services by payment services providers incorporated in Member States whose currency is not the euro - COM/2023/368 final], the provisions of that Regulation shall apply to digital euro payment transactions.

4. Regulation (EU) 2021/1230 shall apply to digital euro payment transactions.

Or. en

Amendment 647

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 5 – paragraph 4

Text proposed by the Commission

Amendment

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

Or. en

Amendment 648

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 5 – paragraph 5

Text proposed by the Commission

Amendment

5. Without prejudice to Articles 37 of this Regulation, Directive (EU) 2015/849 of the European Parliament and of the Council, of 20 May 2015, on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds shall apply to digital euro payment transactions.

5. Without prejudice to Article 37 of this Regulation, Directive (EU) 2024/1640 and Regulation (EU) 2023/1113 shall apply to digital euro payment transactions.

Or. en

Amendment 649

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 5

Text proposed by the Commission

Amendment

5. Without prejudice to Article 37 of this Regulation, Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets shall apply to digital euro payment transactions services.

Or. en

Amendment 650

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5 a. Regulation (EU) 2022/2554 of the European Parliament and the Council of 14 December 2022 on digital operational resilience for the financial sector shall apply to payment service providers providing digital euro payment services.

Or. en

Amendment 651

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 5 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5 b. The legal acts referred to in paragraphs 2 to 6 shall apply to the extent that the matter is not covered by this Regulation, and insofar as they are compatible with it. Where a matter is covered by both this Regulation and those Union acts, this Regulation shall prevail.

Or. en

Amendment 652

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 6 – paragraph 1 – subparagraph 1

Text proposed by the Commission

Amendment

The Member States shall designate one or more competent authorities to ensure compliance with Chapter III and Article 17 in their territory. They shall inform the Commission thereof, indicating any division of functions and duties.

Member States whose currency is the euro shall designate one or more competent authorities to ensure compliance with Chapter III and Article 17 in their territory. They shall inform the Commission thereof, indicating any division of functions and duties.

Or. en

Amendment 653

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 6 – paragraph 1 – subparagraph 2

Text proposed by the Commission

Amendment

The Member States shall lay down the rules on penalties applicable to infringements of Chapter III and Article 17 and shall take all measures necessary to ensure that these rules are implemented, including the power of competent authorities to access the necessary data. The penalties provided for shall be effective, proportionate and dissuasive. Member States shall, without delay, notify the Commission of those rules and of those measures and shall notify it, without delay, of any subsequent amendment affecting them.

Member States whose currency is the euro shall lay down the rules on penalties applicable to infringements of Chapter III and Article 17 and shall take all measures necessary to ensure that these rules are implemented, including the power of competent authorities to access the necessary data. The penalties provided for shall be effective, proportionate and dissuasive. Member States whose currency is the euro shall, without delay, notify the Commission of those rules and of those measures and shall notify it, without delay, of any subsequent amendment affecting them.

Or. en

Amendment 654

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 6 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. Regulation (EU) 2016/679 of the European Parliament and of the Council, of 27 April 2016, on the protection of natural persons with regard to the processing of personal data and on the free movement of such data shall govern the supervision by competent authorities, the sanctions regime and supervisory arrangements between the competent authorities of the home Member States and the host Member States, concerning compliance by data controllers of their obligations pursuant to Chapter VIII of this Regulation.

Or. en

Amendment 655

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 6 – paragraph 3

Text proposed by the Commission

Amendment

3. Directive (EU) 2015/849 as replaced by Directive (EU) [please insert reference – proposal for Anti-Money Laundering Directive - COM/2021/423 final] shall govern the supervision by competent authorities, the sanctions regime and supervisory arrangements between the competent authorities of the home Member States and of the host Member States, concerning the activities of Payment Services Providers in relation to the digital euro for the purpose of ensuring compliance with Chapter IX of Regulation (EU) No [x ] on the establishment of the digital euro.

3. Directive (EU) 2015/849 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing shall govern the supervision by competent authorities, the enforcement regime and supervisory arrangements between the competent authorities of the home Member States and of the host Member States, concerning the activities of Payment Services Providers in relation to the digital euro for the purpose of ensuring compliance with Chapter IX of this Regulation.

Or. en

Amendment 656

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 6 – paragraph 5

Text proposed by the Commission

Amendment

5. Member States shall ensure that adequate measures are in place to raise awareness among the public about the availability and features of the digital euro and possibilities of access to the digital euro.

5. The European Central Bank, national central banks, and national competent authorities shall organise, in close collaboration with relevant stakeholders including Payment Service Providers, merchants and consumer organisations, an EU-wide digital euro information campaign to provide fact based information and raise awareness among the public about the issuance, availability and features of the digital euro and possibilities of access to, and use of, the digital euro.

Or. en

Amendment 657

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 6 – paragraph 5

Text proposed by the Commission

Amendment

5. Member States shall ensure that adequate measures are in place to raise awareness among the public and merchants about the availability and features of the digital euro and its benefits in terms of monetary sovereignty, resilience, inclusiveness, and accessibility.

Or. en

Amendment 658

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Chapter III

Text proposed by the Commission

Amendment

III [...]

deleted

Or. en

Justification

Payments by digital euro should only be accepted based on clear consent between the payer and the payee, as is the case with other payment systems with which the digital euro is competing. This would create a level-playing field on the market of payment systems.

Amendment 659

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 7 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall have legal tender status.

1. The wholesale digital euro shall be legal tender solely for settlement between financial institutions and public authorities.

Or. en

Amendment 660

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 7 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. No legal-tender status shall apply to retail, online, or consumer payments. Offline digital euro used in pilot schemes shall not acquire legal-tender status.

Or. en

Amendment 661

Markus Ferber

Proposal for a regulation

Article 7 – paragraph 3

Text proposed by the Commission

Amendment

3. In accordance with the mandatory acceptance of the digital euro, the payee shall not refuse digital euro tendered in payment to comply with that obligation.

3. In accordance with the mandatory acceptance of the digital euro, the payee shall not refuse digital euro tendered in payment to comply with that obligation. For this purpose, where the payee is obliged to accept both online and offline digital euro, the payer shall be entitled to choose between an online and offline digital euro payment transaction.

Or. en

Amendment 662

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 7 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3 a. The payee is obliged to accept both online and offline digital euro. The payer shall be entitled to choose between an online and offline digital euro payment transaction

Or. en

Amendment 663

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Eero Heinäluoma

Proposal for a regulation

Article 7 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5 a. The legal tender status of the digital euro, as established in paragraph 1, requires that its full face value be preserved in all basic payment transactions. Accordingly, no fees, charges, surcharges, or deductions may reduce the monetary value received by a payee or impose costs on a payer for basic digital euro payment transactions. Any attempt to impose such costs, whether directly or indirectly, shall be void and constitute a violation of the legal tender principle. Member States shall ensure effective enforcement mechanisms are in place to prevent such violations.

Or. en

Amendment 664

Engin Eroglu

Proposal for a regulation

Article 7 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5 a. Payees, whether operating in a physical, virtual, or both environments, shall accept digital euro payment transactions at their respective points of interaction in the same manner as they accept other digital payments.

Or. en

Amendment 665

Markus Ferber

Proposal for a regulation

Article 7 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 666

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 8 – title

Text proposed by the Commission

Amendment

Territorial scope of legal tender status

Scope of legal tender status

Or. en

Amendment 667

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 8 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall have legal tender status for offline payments of a monetary debt denominated in euro that take place within the euro area.

deleted

Or. en

Amendment 668

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 8 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall have legal tender status for offline payments of a monetary debt denominated in euro that take place within the euro area.

1. Without prejudice to the legal tender status of euro banknotes and coins in accordance with [Regulation on the legal tender of euro banknotes and coins], the digital euro shall have legal tender status for offline payments of a monetary debt denominated in euro that take place within the euro area.

Or. en

Amendment 669

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 8 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall have legal tender status for offline payments of a monetary debt denominated in euro that take place within the euro area.

1. The digital euro shall have the status of legal tender as regards offline payments of a monetary debt denominated in euro that take place within the euro area.

Or. en

Amendment 670

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 8 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall have legal tender status for online payments of a monetary debt denominated in euro to a payee residing or established in the euro area.

2. The digital euro shall have the status of legal tender as regards online payments of a monetary debt denominated in euro to a payee residing or established in the euro area.

Or. en

Amendment 671

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 8 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. For the purpose of Article 7(3), where the payee is obliged to accept both online and offline digital euro, the payer shall be entitled to choose between an online and offline digital euro payment transaction.

Or. en

Amendment 672

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 8 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2 b. Payees, whether operating in a physical, virtual, or both environments, shall accept digital euro payment transactions at their respective points of interaction in the same manner as they accept other digital payments.

Or. en

Amendment 673

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 8 a (new)

Text proposed by the Commission

Amendment

Article 8a

Additional rules on legal tender

1. For the purpose of Article 7(3), where the payee is obliged to accept both online and offline digital euro payment transactions, the payer shall be entitled to choose between an online and offline digital euro payment transaction.

2. Payees, whether operating in a physical, virtual, or both environments, shall accept digital euro payment transactions at their respective points of interaction in the same manner as they accept other digital payments.

Or. en

Amendment 674

Sirpa Pietikäinen

Proposal for a regulation

Article 8 a (new)

Text proposed by the Commission

Amendment

Article 8a

Additional rules on legal tender

For the purpose of Article 7(3), where the payee is obliged to accept both online and offline digital euro, the payer shall be entitled to choose between an online and offline digital euro payment transaction.

Payees, whether operating in a physical, virtual, or both environments, shall accept digital euro payment transactions at their respective points of interaction in the same manner as they currently accept other digital payments.

Or. en

Amendment 675

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Article 8 a (new)

Text proposed by the Commission

Amendment

Article 8a

Additional rules on legal tender

1. For the purpose of Article 7(3), where the payee is obliged to accept both online and offline digital euro, the payer shall be entitled to choose between an online and offline digital euro payment transaction.

Or. en

Amendment 676

Jonás Fernández, Aurore Lalucq, Carla Tavares, Eero Heinäluoma, César Luena, Costas Mavrides

Proposal for a regulation

Article 9

Text proposed by the Commission

Amendment

Article 9

deleted

Exceptions to the obligation to accept the digital euro

By way of derogation from Article 7(3) and Article 8, a payee shall be entitled to refuse digital euro in any of the following cases:

(a) where the payee is a an enterprise which employs fewer than 10 persons or whose annual turnover or annual balance sheet total does not exceed EUR 2 million, or is a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44 , unless it accepts comparable digital means of payment;

(b) where a refusal is made in good faith and where such refusal is based on legitimate and temporary grounds in line with the principle of proportionality in view of concrete circumstances beyond the control of the payee;

(d) where, prior to the payment, the payee has agreed with the payer on a different means of payment, subject to Article 10.

For the purposes of point (b), the burden of proof to establish that legitimate and temporary grounds existed in a particular case and that the refusal was proportionate shall be on the payee.

_________________

44 Regulation (EU) 2021/695 of the European Parliament and of the Council of 28 April 2021 establishing Horizon Europe – the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination, and repealing Regulations (EU) No 1290/2013 and (EU) No 1291/2013 (OJ L 170, 12.5.2021, p. 1).

Or. en

Amendment 677

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 9 – paragraph 1 – introductory part

Text proposed by the Commission

Amendment

By way of derogation from Article 7(3) and Article 8, a payee shall be entitled to refuse digital euro in any of the following cases:

Any payee shall have the right to refuse digital euro;

Or. en

Amendment 678

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a an enterprise or a self-employed professional acting in the course of professional activities who do not accept comparable digital means of payment;

_________________

Or. en

Amendment 679

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a an enterprise which employs fewer than 250 persons or whose annual turnover or annual balance sheet total does not exceed EUR 20 million;

_________________

Or. en

Amendment 680

Matthias Ecke

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a an enterprise or a self-employed person or a non-profit legal entity as defined in Article 2, point (18), of Regulation (EU) 2021/695, that only accepts credit transfers not initiated at the point of interaction or direct debits not initiated at the point of interaction, unless it accepts comparable digital means of payment;

_________________

Or. en

Amendment 681

Engin Eroglu

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a an enterprise or a self-employed person or a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44 , that only accepts credit transfers not initiated at the point of interaction or direct debits not initiated at the point of interaction;

_________________

Or. en

Amendment 682

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a self-employed person, a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44 , unless it accepts comparable digital means of payment; or an enterprise which employs fewer than 10 persons or whose annual turnover or annual balance sheet total does not exceed EUR 2 million, unless it accepts comparable digital means of payment;

_________________

Or. en

Amendment 683

Markus Ferber

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a small enterprise as defined in Article 2 (2) of Commission recommendation 2003/1422, or is a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44 , unless it accepts comparable digital means of payment;

_________________

Or. en

Amendment 684

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) where the payee is a self-employed person, or an enterprise which employs fewer than 10 persons or whose annual turnover or annual balance sheet total does not exceed EUR 2 million, or is a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44 , unless it accepts comparable digital means of payment or credit cards;

_________________

Or. en

Amendment 685

Luděk Niedermayer

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) a payee, not accepting comparable digital means of payment, that is a micro-enterprise, which employs fewer than 10 persons or whose annual turnover or annual balance sheet total does not exceed EUR 1 million, or is a non-profit legal entity as defined in in Article 2, point (18), of Regulation (EU) 2021/695 of the European Parliament and of the Council44

_________________

Or. en

Amendment 686

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 9 – paragraph 1 – point a

Text proposed by the Commission

Amendment

_________________

Or. en

Amendment 687

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 9 – paragraph 1 – point a a (new)

Text proposed by the Commission

Amendment

(a a) Payees operating in a physical, virtual point of sale or a combination thereof, must accept digital euro payment transactions at their respective designated points of interaction in the same manner as they accept the digital payments.

Or. en

Amendment 688

Luděk Niedermayer

Proposal for a regulation

Article 9 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) where a refusal is made in good faith and where such refusal is based on legitimate, technical and temporary grounds in line with the principle of proportionality in view of concrete circumstances beyond the control of the payee;

Or. en

Amendment 689

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 9 – paragraph 1 – point c

Text proposed by the Commission

Amendment

Or. en

Amendment 690

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 9 – paragraph 1 – point c

Text proposed by the Commission

Amendment

(c) where the payee is a natural person acting in the course of a purely personal or household activity or a self-employed professional acting in the course of its professional activities;

Or. en

Amendment 691

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 9 – paragraph 1 – point c

Text proposed by the Commission

Amendment

(c) where the payee is a natural person acting in the course of a purely personal or household activity who does not accept comparable digital means of payment

Or. en

Amendment 692

Engin Eroglu

Proposal for a regulation

Article 9 – paragraph 1 – point d a (new)

Text proposed by the Commission

Amendment

(d a) where the point of sale is an unmanned point of sale that does not accept any other digital means of payment. An unmanned point of sale means a physical device or system via which goods or services are provided directly to the payer by or on behalf of the payee, in return for payment, without the presence of any staff or agents of the payee. This includes vending machines, ticketing machines, parking meters, self-service fuel and charging stations, and other similar systems.

Or. en

Amendment 693

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 9 – paragraph 1 – point d a (new)

Text proposed by the Commission

Amendment

(d a) where the point of sale is an unmanned point of sale that does not accept any other digital means of payment.

Or. en

Amendment 694

Luděk Niedermayer

Proposal for a regulation

Article 9 – paragraph 2

Text proposed by the Commission

Amendment

For the purposes of point (b), the burden of proof to establish that legitimate and temporary grounds existed in a particular case and that the refusal was proportionate shall be on the payee.

For the purposes of point (b), the burden of proof to establish that legitimate and temporary grounds existed in a particular case and that the refusal was proportionate shall be on the payee. Exemptions from the obligation of mandatory acceptance provided for in this Regulation shall be applied in a limited and proportionate manner, in order to ensure that the widespread usability of the digital euro is maintained.

Or. en

Amendment 695

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 9 – paragraph 2

Text proposed by the Commission

Amendment

For the purposes of point (b), the burden of proof to establish that legitimate and temporary grounds existed in a particular case and that the refusal was proportionate shall be on the payee.

For the purposes of point (b) and (d), the burden of proof to establish that legitimate and temporary grounds existed in a particular case and that the refusal was proportionate shall be on the payee.

Or. en

Amendment 696

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 10

Text proposed by the Commission

Amendment

Article 10

deleted

Prohibition of the unilateral exclusion of payments in the digital euro

Payees subject to the obligation to accept the digital euro shall not use contractual terms that have not been individually negotiated or commercial practices which have the object or the effect to exclude the use of the digital euro by the payers of monetary debts denominated in euro. Such contractual terms or commercial practices shall not be binding on the payer. A contractual term shall be regarded as not individually negotiated where it has been drafted in advance and where the payer has therefore not been able to influence the substance of the term, particularly in the context of a pre-formulated standard contract.

Or. en

Amendment 697

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Regina Doherty, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 10 – paragraph 1

Text proposed by the Commission

Amendment

Any contractual terms relied on by payees subject to the obligation to accept the digital euro, which have the object or effect of excluding the use of the digital euro by payers of monetary debts denominated in euro, shall be negotiated individually. Such contractual terms shall not be regarded as having been negotiated individually where they have been drafted in advance and where the payer has not been able to influence their substance, particularly in the context of a pre-formulated, standard form contract.

Payees as referred to in the first subparagraph shall not use commercial practices that have the object or effect of excluding the use of digital euro by payers of monetary debts denominated in euro.

Contractual terms and commercial practices prohibited pursuant to the first and second subparagraphs shall not be binding on the payer.

Or. en

Amendment 698

Engin Eroglu

Proposal for a regulation

Article 10 – paragraph 1

Text proposed by the Commission

Amendment

Where the payer is a consumer, payees subject to the obligation to accept the digital euro at the point of interaction shall not use contractual terms that have not been individually negotiated or commercial practices which have the object or the effect to exclude the use of the digital euro by the payers of monetary debts denominated in euro. Such contractual terms or commercial practices shall not be binding on the payer, when acting as a consumer A contractual term shall be regarded as not individually negotiated where it has been drafted in advance and where the payer has therefore not been able to influence the substance of the term, particularly in the context of a pre-formulated standard contract. A consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.

Or. en

Amendment 699

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 10 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 700

Markus Ferber

Proposal for a regulation

Article 11

Text proposed by the Commission

Amendment

Article 11

deleted

Additional exceptions of a monetary law nature

The Commission is empowered to adopt delegated acts in accordance with Article 38 to supplement this Regulation by identifying additional exceptions of a monetary law nature to the principle of mandatory acceptance. Those exceptions shall be justified by an objective of public interest and proportionate to that aim, shall not undermine the effectiveness of the legal tender status of the digital euro, and shall only be permitted provided that other means for the payment of monetary debts are available. When preparing those delegated acts, the Commission shall consult the European Central Bank.

Or. en

Justification

Exceptions to the principle of mandatory acceptance should only be determined by the co-legislator.

Amendment 701

Jonás Fernández, Aurore Lalucq, Carla Tavares, Eero Heinäluoma, César Luena, Costas Mavrides

Proposal for a regulation

Article 11

Text proposed by the Commission

Amendment

Article 11

deleted

Additional exceptions of a monetary law nature

Or. en

Amendment 702

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 11 – paragraph 1

Text proposed by the Commission

Amendment

The Commission is empowered to adopt delegated acts in accordance with Article 38 to supplement this Regulation by identifying additional exceptions of a monetary law nature to the principle of mandatory acceptance. Those exceptions shall be justified by an objective of public interest and proportionate to that aim, shall not undermine the effectiveness of the legal tender status of the digital euro, and shall only be permitted provided that other public means for the payment of monetary debts are available. When preparing those delegated acts, the Commission shall consult the European Central Bank.

Or. en

Justification

For consumers, there should be at least one public mean of payment for example, when digital euros are not offered as a payment method, cash should be offered.

Amendment 703

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 11 – paragraph 1

Text proposed by the Commission

Amendment

The Commission is empowered to adopt delegated acts in accordance with Article 38 to supplement this Regulation by identifying additional exceptions of a monetary law nature to the principle of mandatory acceptance. Those exceptions shall be justified by an objective of public interest and proportionate to that aim, shall not undermine the effectiveness of the legal tender status of the digital euro, and shall only be permitted provided that public other means for the payment of monetary debts are available. When preparing those delegated acts, the Commission shall consult the European Central Bank.

Or. en

Amendment 704

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 12 a (new)

Text proposed by the Commission

Amendment

Article 12a

Digital euro users

1. Payment service providers may provide digital euro payment services to any of the following digital euro users:

(a) Natural and legal persons residing or established in the Member States whose currency is the euro;

(b) Natural and legal persons who opened a digital euro payment account at the time they resided or were established in the Member States whose currency is the euro, but no longer reside or are established in such Member States;

(d) Natural and legal persons residing or established in Member States whose currency is not the euro, subject to the conditions laid down in Article 18;

(e) Natural and legal persons residing or established in third countries, including territories under a monetary agreement with the Union, subject to the conditions laid down in Articles 19 and 20;

(f) Citizens of the Union who reside in a Member State whose currency is not the euro or in a third country, and legal persons established in a Member State whose currency is not the euro where these citizens or legal persons exercise their free movement rights in a Member State whose currency is the euro;

2. For the purpose of point (a), residents shall include both Union citizens and third country nationals who benefit from residence rights pursuant to Union law or national law.

3. The European Central Bank may restrict the access to and use in time of the digital euro for the digital euro users referred to in points (b) and (c) subject to the conditions laid down in Article 16 (2). Those timeframes shall be determined in relation to the residence or visiting status of the digital euro users.

4. Within the framework of Directive and regulation 2015/2366 [PSD3/PSR], payment service providers may provide merchants residing or established in a Member State whose currency is not the euro or in a third country digital euro payment services allowing them to receive digital euro payment transactions from persons belonging to the categories set out in paragraph 1, even if the conditions referred to in Articles 18, 19 and 20 have not been met complied with, subject to the national legislation of that Member State or third country. Payment service providers should not enable these merchants to hold digital euro as long as the conditions referred to in Articles 18, 19 and 20 have not been met.

Or. en

Amendment 705

Regina Doherty

Proposal for a regulation

Article 12 a (new)

Text proposed by the Commission

Amendment

Article 12a

Digital euro users

1. Payment service providers may provide digital euro payment services to:

(a) Natural and legal persons residing or established in the Member States whose currency is the euro;

(d) Natural and legal persons residing or established in Member States whose currency is not the euro, subject to the conditions laid down in Article 18;

(e) Natural and legal persons residing or established in third countries, including territories under a monetary agreement with the Union, subject to the conditions laid down in Articles 19 and 20;

2. For the purpose of point (a), residents shall include both Union citizens and third country nationals who benefit from residence rights pursuant to Union law or national law.

3. The European Central Bank may restrict the access to the digital euro for the digital euro users referred to in points (b) and (c) subject to the conditions laid down in Article 16 (2).

4. Within the framework of Directive and Regulation XXX [PSD3/PSR], payment service providers may provide merchants residing or established in a Member State whose currency is not the euro or in a third country digital euro payment services allowing them to receive digital euro payment transactions from persons belonging to the categories set out in paragraph 1, even if the conditions referred to in Articles 18, 19 and- 20 have not been complied with, subject to the national legislation of that Member State or third country. Payment service providers should not enable these merchants to hold digital euro as long as the conditions referred to in Articles 18, 19 and 20 have not been met.

Or. en

Amendment 706

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 12 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be convertible with euro banknotes and coins at par.

1. The digital euro shall be convertible with euro banknotes and coins at par. Conversion between cash and digital euro shall be possible at any time, instantly and without fees. Credit institutions shall provide conversion services between digital euro and euro banknotes and coins.

Or. en

Justification

Ensures the practical equivalence of cash and the digital euro by guaranteeing free, immediate, and unconditional convertibility, thereby preventing hidden frictions, delays or fees.

Amendment 707

Matthias Ecke

Proposal for a regulation

Article 13 – title

Text proposed by the Commission

Amendment

Payment service providers

Payment service providers distributing the digital euro

Or. en

Amendment 708

Markus Ferber

Proposal for a regulation

Article 13 – title

Text proposed by the Commission

Amendment

Payment service providers

Payment service providers distributing the digital euro

Or. en

Amendment 709

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Within the framework of Directive 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to:

Within the framework of Directive (EU) 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to this Regulation for offline digital euro and in Annex Ia to this Regulation for online digital euro to:

Or. en

Amendment 710

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Within the framework of Directive 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to:

Within the framework of Directive and regulation [PSD3/PSR], and without prejudice to Article 14(1), 14(1a) and 14(2), payment service providers may provide the digital euro payment services.

Or. en

Amendment 711

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Within the framework of Directive 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to:

Within the framework of Directive 2015/2366, payment service providers may provide upon their request the basic digital euro payment services set out in Annex II to:

Or. en

Amendment 712

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Within the framework of Directive 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to:

Only EU-payment service providers may provide the digital euro services set out in Annex I to:

Or. en

Amendment 713

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Within the framework of Directive 2015/2366, payment service providers may provide the digital euro payment services set out in Annex I to:

Only EU-supervised payment service providers may provide the digital euro services set out in Annex I to:

Or. en

Amendment 714

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point a

Text proposed by the Commission

Amendment

(a) natural and legal persons residing or established in the Member States whose currency is the euro;

deleted

Or. en

Amendment 715

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point b

Text proposed by the Commission

Amendment

(b) natural and legal persons who opened a digital euro account at the time they resided or were established in the Member States whose currency is the euro, but no longer reside or are established in such Member States;

deleted

Or. en

Amendment 716

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point c

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 717

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point d

Text proposed by the Commission

Amendment

(d) natural and legal persons residing or established in Member States whose currency is not the euro, subject to the conditions laid down in Article 18;

deleted

Or. en

Amendment 718

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point e

Text proposed by the Commission

Amendment

(e) natural and legal persons residing or established in third countries, including territories under a monetary agreement with the Union, subject to the conditions laid down in Articles 19 and 20.

deleted

Or. en

Amendment 719

Hanna Gronkiewicz-Waltz, Siegfried Mureşan, Arba Kokalari, Janusz Lewandowski

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point e a (new)

Text proposed by the Commission

Amendment

(e a) citizens of the Union who reside in a Member State whose currency is not the euro or in a third country and legal persons established in a Member State whose currency is not the euro, where these citizens or legal persons exercise their free movement rights in a Member State whose currency is the euro.

Or. en

Justification

The amendment aims to ensure the access to the digital euro services also for citizens who reside in a country outside the euro area and who exercise their free movement rights in a Member State whose currency is the euro. It is important to ensure that such groups as workers, self-employed persons, students or providing services in such a Member States should have an equal access to the digital euro services.

Amendment 720

Enikő Győri, Tomáš Kubín, Jaroslava Pokorná Jermanová

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 – point e a (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 721

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 a (new)

Text proposed by the Commission

Amendment

Payment service providers that choose to offer basic digital euro payment services to natural persons, or that do so at the request of their clients pursuant to Article 14(1), shall make available the complete set of mandatory digital euro payment services as specified in Annex II. Payment service providers that choose to offer basic acquiring services to legal persons, or that do so at the request of their clients pursuant to Article 14(1a), shall make available the complete set of mandatory acquiring services as specified in Annex IIa.

Or. en

Amendment 722

Sirpa Pietikäinen

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 a (new)

Text proposed by the Commission

Amendment

Payment service providers who decide to provide basic digital euro payment services to natural persons or do so upon request of their clients pursuant to Article 14(1) shall provide the full list of mandatory digital euro payment services as set out in Annex II.

Payment service providers who decide to provide basic acquiring services to legal persons or do so upon request of their clients pursuant to Article 14(1a) shall provide the full list of mandatory acquiring services as set out in Annex IIa.

Or. en

Amendment 723

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 a (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 724

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 a (new)

Text proposed by the Commission

Amendment

Payment service providers authorised to provide payment services in accordance with Directive 2015/2366 may provide digital euro payment services on the basis of the equivalences between payment services and digital euro payment services determined in Annex Va and Annex Vb.

Or. en

Amendment 725

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 b (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 726

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 b (new)

Text proposed by the Commission

Amendment

To that end, payment service providers wishing to provide equivalent digital euro payment services shall not be required to obtain any additional authorisation under Directive and regulation [PSD3/PSR].

Or. en

Amendment 727

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 c (new)

Text proposed by the Commission

Amendment

Payment service providers who decide to provide digital euro payment services to consumers or do so upon request of their clients pursuant to Article 14(1) shall provide all the mandatory digital euro payment services as set out in Annex II.

Or. en

Amendment 728

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 1 d (new)

Text proposed by the Commission

Amendment

Payment service providers who decide to provide digital euro acquiring services to merchants or do so upon request of their clients pursuant to Article 14(1a) shall provide all the mandatory digital euro acquiring services as set out in Annex IIa.

Or. en

Amendment 729

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 2

Text proposed by the Commission

Amendment

The European Central Bank may restrict the access to and use in time of the digital euro for the digital euro users referred to in points (b) and (c) subject to the conditions laid down in Article 16 (2). Those timeframes shall be determined in relation to the residence or visiting status of the digital euro users.

deleted

Or. en

Amendment 730

Sibylle Berg

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 2

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 731

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 2

Text proposed by the Commission

Amendment

The European Central Bank may restrict the access to and use in time of the online digital euro for the digital euro users referred to in points (b) and (c) subject to the conditions laid down in Article 16.

Or. en

Amendment 732

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 3

Text proposed by the Commission

Amendment

For the purpose of point (a), residents shall include both Union citizens and third country nationals who benefit from residence rights pursuant to Union law or national law.

deleted

Or. en

Amendment 733

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 3 a (new)

Text proposed by the Commission

Amendment

The access to and use of the automatic funding and defunding of the online digital euro shall be restricted in the cases referred to in point (c).

Or. en

Amendment 734

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 1 – subparagraph 3 a (new)

Text proposed by the Commission

Amendment

The access to and use of the automatic funding and defunding of the online digital euro shall be restricted in the cases referred to in point (c).

Or. en

Amendment 735

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. Wholesale digital euro shall be distributed through supervised intermediaries participating in the Eurosystem’s settlement infrastructure. Offline digital euro distribution shall:

a) take place only in controlled pilot environments;

b) ensure that no personal transaction data is transmitted to the ECB or intermediaries;

c) ensure that devices storing offline tokens collect only the minimum data needed for double-spending prevention.

Or. en

Amendment 736

Engin Eroglu

Proposal for a regulation

Article 13 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1 a. Payment service providers shall not enable any automated mechanism that transfers funds from a user’s non-digital-euro payment account to the user’s digital euro account for the purpose of completing a payment transaction. In particular, the so-called ‘reverse waterfall functionality’ is prohibited. All funding of digital euro accounts shall require an explicit and separate authorisation by the user, independent of the payment instruction.

Or. en

Amendment 737

Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users to manually or automatically fund or defund their digital euro payment accounts from or to non-digital euro payment accounts, or euro banknotes and coins when a payment services provider provides cash services, subject to any limitations that the European Central Bank may adopt in accordance with Article 16 of this Regulation.

2. Payment service providers that provide non-digital euro payment accounts within the meaning of Directive 2015/2366 may only enable digital euro users to manually or automatically fund or defund their digital euro payment accounts to or from a non-digital euro payment account held with another payment service provider if both payment service providers have contractually agreed on the modalities to provide such service. Such funding and defunding shall be offered free of charge to consumers, except when involving a non-digital euro payment account denominated in a currency other than the euro. This paragraph shall not apply as regards the provision of mandatory acquiring services by payment service providers for merchants.

Or. en

Amendment 738

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor, Luděk Niedermayer

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers shall make available to the public, free of charge, accessible information about the specific features of digital euro payment services and the conditions of their distribution.

Or. en

Amendment 739

Engin Eroglu

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users which are already in a contractual relation with the payment service provider to manually or automatically fund or defund their digital euro payment accounts from or to non-digital euro payment accounts held within the same provider, or euro banknotes and coins when a payment services provider provides cash services, subject to any limitations that the European Central Bank may adopt in accordance with Article 16 of this Regulation.

Or. en

Amendment 740

Markus Ferber

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive 2015/2366 shall enable their customers to manually or automatically fund or defund their digital euro payment accounts from or to non-digital euro payment accounts, or euro banknotes and coins when a payment services provider provides cash services.

Or. en

Amendment 741

Sibylle Berg

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

Or. en

Amendment 742

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive (EU) 2015/2366 shall enable online digital euro users to manually fund or defund their online digital euro payment accounts, whether held within the same or another payment service provider, from or to non-digital euro payment accounts, or offline digital euro device, or euro banknotes and coins when a payment services provider provides cash services, subject to any limitations laid down in Article 16 of this Regulation

Or. en

Amendment 743

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users to manually or automatically fund or defund their digital euro payment accounts from or to non-digital euro payment accounts, or euro banknotes when a payment services provider provides cash services, subject to any limitations in accordance with Article 16 of this Regulation.

Or. en

Amendment 744

Christophe Gomart

Proposal for a regulation

Article 13 – paragraph 2

Text proposed by the Commission

Amendment

2. Payment service providers that provide servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users to manually or automatically fund or defund their digital euro payment accounts from or to non-digital euro payment accounts, or euro banknotes when a payment services provider provides cash services, subject to any limitations that the European Central Bank may adopt in accordance with Article 16 of this Regulation.

Or. fr

Amendment 745

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2 a. Payment service providers that provide servicing payment services within the meaning of Directive (EU) 2015/2366 shall enable online digital euro users to automatically fund or defund their online digital euro payment accounts held within the same payment service provider, from or to non-digital euro payment accounts, subject to any limitations laid down in Article 16 of this Regulation.

Or. en

Amendment 746

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2 b. Payment service providers shall make available manual funding and defunding functionalities to natural persons using the offline digital euro from cash, an online digital euro account, or any non-digital euro payment account designated by the offline digital euro user subject to any limitations laid down in Articles 16 and 37.

Or. en

Amendment 747

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 2 c (new)

Text proposed by the Commission

Amendment

2 c. Payment service providers shall enable their merchant clients to automatically defund their offline digital euro devices to non-digital euro payment accounts designated by the merchant.

Or. en

Amendment 748

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 3

Text proposed by the Commission

Amendment

3. Payment service providers shall make available funding and defunding functionalities to digital euro users:

deleted

(a) at any point in time, on a continuous basis, where funding and defunding take place through non-digital euro payment accounts;

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins.

Or. en

Amendment 749

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Payment service providers shall make available funding and defunding functionalities to digital euro users:

3. Payment service providers shall make available funding and defunding functionalities to their clients that are also digital euro users:

Or. en

Amendment 750

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 3 – point a

Text proposed by the Commission

Amendment

(a) at any point in time, on a continuous basis, where funding and defunding take place through non-digital euro payment accounts;

(a) at any point in time where funding and defunding take place through non-digital euro payment accounts, through offline digital euro devices or online digital euro payment accounts;

Or. en

Amendment 751

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins.

(b) when and where a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins. When and where to provide cash services remains at the discretion of the payment service provider, without prejudice to other legislation impacting such decisions.

Or. en

Amendment 752

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 13 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins.

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes. Where the cash service is provided via an automated teller machine (ATM), the requirement for funding and defunding shall be limited to euro banknotes.

Or. en

Amendment 753

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins.

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes.

Or. en

Amendment 754

Christophe Gomart

Proposal for a regulation

Article 13 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes and coins.

(b) when a payment service provider provides cash services where funding and defunding take place through euro banknotes.

Or. fr

Amendment 755

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 3 – point b a (new)

Text proposed by the Commission

Amendment

(b a) Where the cash service is provided via an automated teller machine (ATM), the requirement for funding and defunding shall be limited to euro banknotes.

Or. en

Amendment 756

Markus Ferber

Proposal for a regulation

Article 13 – paragraph 3 – point b a (new)

Text proposed by the Commission

Amendment

(b a) where cash is to be provided via an ATM, the requirement for funding and defunding shall be limited to euro banknotes.

Or. en

Amendment 757

Sibylle Berg

Proposal for a regulation

Article 13 – paragraph 4

Text proposed by the Commission

Amendment

4. Payment service providers providing account servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users:

deleted

(a) to have their digital euros in excess of any limitations the European Central Bank may adopt in accordance with Article 16 automatically defunded to a non-digital euro payment account, where an online digital euro payment transaction is received;

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings.

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers shall link each digital euro payment account to a single non-digital euro payment account designated by the digital euro users. Digital euro users shall be allowed to have that designated non-digital euro payment account with a different payment service provider than the one where a given digital euro payment account is held.

Or. en

Amendment 758

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1

Text proposed by the Commission

Amendment

Payment service providers providing account servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users:

deleted

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings.

Or. en

Amendment 759

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Payment service providers providing account servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users:

Payment service providers providing funding and defunding services pursuant to paragraph 1 and paragraph 2 shall enable digital euro users:

Or. en

Amendment 760

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Payment service providers providing account servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users:

Payment service providers providing account servicing payment services within the meaning of Directive (EU) 2015/2366 shall enable online digital euro users:

Or. en

Amendment 761

Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – introductory part

Text proposed by the Commission

Amendment

Payment service providers providing account servicing payment services within the meaning of Directive 2015/2366 shall enable digital euro users:

Payment service providers providing funding and defunding services pursuant to paragraph 1 and paragraph 2 shall enable digital euro users:

Or. en

Amendment 762

Markus Ferber

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point a

Text proposed by the Commission

Amendment

(a) to have their digital euros in excess of the holding limit of 500 Euros automatically defunded to a non-digital euro payment account, where an online digital euro payment transaction is received;

Or. en

Amendment 763

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point a

Text proposed by the Commission

Amendment

(a) to have their digital euros in excess of any limitations the European Central Bank may adopt in accordance with Article 16 automatically defunded to a non-digital euro payment account held at the same payment services provider, where an online digital euro payment transaction is received;

Or. en

Amendment 764

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point a

Text proposed by the Commission

Amendment

(a) to have their online digital euros in excess of any limitations adopted in accordance with Article 16 automatically defunded to a non-digital euro payment account, where an online digital euro payment transaction is received;

Or. en

Amendment 765

Hanna Gronkiewicz-Waltz, Siegfried Mureşan, Arba Kokalari, Janusz Lewandowski

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point a a (new)

Text proposed by the Commission

Amendment

(a a) Within the framework of Directive 2015/2366, payment service providers may provide merchants residing or established in a Member State whose currency is not the euro or in a third country digital euro payment services allowing them to receive digital euro payment transactions from persons belonging to the categories set out in paragraph 1, even if the conditions referred to in Articles 18 to 20 have not been met, subject to the national legislation of that Member State or third country. Payment service providers should not enable these merchants to hold digital euro as long as the conditions referred to in Articles 18 to 20 have not been met.

Or. en

Justification

The amendment aims to allow merchants established outside of the euro area to receive digital euro payments made by digital euro, irrespective of meeting:(i) the condition of signing the arrangement between European Central Bank and relevant national central bank regulated for under Art. 18 of the Regulation;(ii) the condition of signing the agreement between the Union and the third country regulated for under Art. 19 of the Regulation;(iii) the condition to amend respective monetary agreements between the Union and third countries or territories under a monetary agreement regulated for under Art. 20 of the Regulation. It is also clarified that these merchants would have zero holding limit, in order not to cause the negative effects on the balance sheets of the European Central Bank and national central banks, on the monetary sovereignty and financial stability of Member States whose currency is not the euro, as well as on the fulfilment of euro area accession criteria and the process set out in Article 140 TFEU for Member States whose currency is not the euro. It is important to ensure that merchants outside the euro area may accept payments in digital euro if they wish to do so, as it is currently with a euro in physical form and with commercial bank money.

Amendment 766

Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point b

Text proposed by the Commission

Amendment

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings.

(b) to initiate a digital euro payment transaction even though the amount of the payer’s digital euro holdings is less than the amount of the transaction, by drawing funds from a linked non-digital euro payment account automatically, if sufficient funds are available on the payer´s non-digital euro payment account.

Or. en

Amendment 767

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point b

Text proposed by the Commission

Amendment

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings.

(b) To initiate a digital euro payment transaction even though the amount of the payer’s digital euro holdings is less than the amount of the transaction, by drawing funds from a linked non-digital euro payment account automatically, if sufficient funds are available on the payer´s non-digital euro payment account.

Or. en

Amendment 768

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 1 – point b

Text proposed by the Commission

Amendment

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings.

(b) to make an online digital euro payment transaction where the transaction amount exceeds their digital euro holdings, from a non-digital euro payment account held at the same payment services provider.

Or. en

Amendment 769

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 770

Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

Or. en

Amendment 771

Engin Eroglu

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers shall link each digital euro payment account to a single payment account designated in euro held with the same payment service provider and designated by the digital euro users.

Or. en

Amendment 772

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

Or. en

Amendment 773

Christophe Gomart

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

Or. fr

Amendment 774

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers shall link each online digital euro payment account to a single non-digital euro payment account designated by the digital euro users. Digital euro users shall be allowed to have that designated non-digital euro payment account with a different payment service provider than the one where a given online digital euro payment account is held for the purposes of manual funding and defunding, with the exception of automatic defunding for legal persons. For other purposes apart from point (a) and (b), automatic funding and defunding shall be held within the same payment service provider.

Or. en

Amendment 775

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers shall link each digital euro payment account to one or more non-digital euro payment account held with the same or another payment provider denominated in euro designated by the digital euro users. Digital euro users shall be allowed to have that designated non-digital euro payment account with a different payment service provider than the one where a given digital euro payment account is held.

Or. en

Amendment 776

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 4 – subparagraph 2

Text proposed by the Commission

Amendment

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers shall link each digital euro payment account to a single non-digital euro payment account designated by the digital euro users. Payment services providers may offer digital euro users to have that designated non-digital euro payment account with a different payment service provider than the one where a given digital euro payment account is held.

Or. en

Justification

This regulation should let PSP define their relations based on contractual agreements. Making open funding mandatory goes beyond the objective of this Regulation and would interfere with existing contractual relationships between PSPs, while risking to distort competition. The effect on the market and competition shall be assessed after a sufficient time of rollout of the digital euro, with the possibility to review open-funding provisions if needed. Reverse waterfall and waterfall mechanisms are always possible via the public option provided by designated entities.

Amendment 777

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 13 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4 a. Payment service providers distributing the digital euro shall provide, upon request and free of charge, a physical bearer device, such as a card or equivalent secure hardware medium, capable of holding and using the digital euro, both for offline and online payments. Access to the physical bearer device shall not require the user to hold a non-digital-euro payment account, in accordance with Article 14(3) of this Regulation. Member States shall designate the entities referred to in Article 1, points (a), (b), (c), (d) and (f), of Directive 2015/2366, to act as distributors of the physical bearer device. The European Central Bank shall establish the interoperability, security and technical standards necessary to ensure that physical bearer devices can be used for online and offline digital euro payments.

Or. en

Amendment 778

Tomáš Kubín, Enikő Győri, Jaroslava Pokorná Jermanová

Proposal for a regulation

Article 13 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4 a. Within the framework of Directive 2015/2366, payment service providers may provide merchants residing or established in a Member State whose currency is not the euro or in a third country digital euro payment services allowing them to receive digital euro payment transactions from persons belonging to the categories set out in paragraph 1, even if the conditions referred to in Articles 18, 19 and 20 have not been met, subject to the national legislation of that Member State or third country. Payment service providers should not enable these merchants to hold digital euro as long as the conditions referred to in Articles 18, 19 and 20 have not been met.

Or. en

Amendment 779

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4 a. For the purpose of providing digital euro payment services to legal persons under the obligation to accept digital euro pursuant to Chapter III of this Regulation, payment service providers shall provide, upon request, the possibility to initiate refund transactions and the possibility to defer automatic defunding as reffered to Article 13 (4) (a) to allow for batch defunding of digital euros to their non-digital euro payment account for a maximum duration of 24 hours.

Or. en

Amendment 780

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 5

Text proposed by the Commission

Amendment

5. The digital euro distributed by payment service providers shall be convertible at par with scriptural money and electronic money denominated in euro.

deleted

Or. en

Amendment 781

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 6

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 782

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 6

Text proposed by the Commission

Amendment

6. For the purpose of digital euro payment services, digital euro users shall only enter into a contractual relationship with PSPs. Digital euro users shall not have any contractual relationship with the European Central Bank or the national central banks. This is without prejudice to the possibility of appointing the national central bank as one of the designated entities of a Member State distributing the digital euro in accordance with Article 14b.

Or. en

Amendment 783

Markus Ferber

Proposal for a regulation

Article 13 – paragraph 6

Text proposed by the Commission

Amendment

6. For the purpose of digital euro payment services, digital euro users shall only enter into a contractual relationship with PSPs. Digital euro users shall not have any contractual relationship with the European Central Bank or the national central banks. This provision shall be without prejudice to the liability of the European Central Bank or the national central banks relating to matters under their direct control in relation to the digital euro.

Or. en

Amendment 784

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 13 – paragraph 6

Text proposed by the Commission

Amendment

6. For the purpose of digital euro services, digital euro users shall only enter into a contractual relationship with PSPs, on the basis of a common, minimum set of mandatory provisions defined by the European Central Bank. Digital euro users shall not have any contractual relationship with the European Central Bank or the national central banks.

Or. en

Amendment 785

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 6 a (new)

Text proposed by the Commission

Amendment

6 a. Natural persons shall not have more than one offline digital euro device.

Or. en

Amendment 786

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 7

Text proposed by the Commission

Amendment

7. Digital euro users may have one or several digital euro payment accounts with the same or different payment service providers.

deleted

Or. en

Amendment 787

Giovanni Crosetto, Denis Nesci, Francesco Ventola, Mariateresa Vivaldini, Marco Squarta

Proposal for a regulation

Article 13 – paragraph 7

Text proposed by the Commission

Amendment

7. Digital euro users may have one or several digital euro payment accounts with the same or different payment service providers.

7. Digital euro users may have only one digital euro payment accounts.

For the first 5 years, for the purpose of ensuring the integrity of the distribution of the digital euro, the digital euro payment account of a user already holding a non-digital euro payment account shall be contractually linked at the same payment service provider. Such linkage shall ensure that funding and defunding operations, as well as payment transactions exceeding the digital euro holding limits, are executed through the user’s existing non-digital euro payment account.

Or. en

Amendment 788

Engin Eroglu

Proposal for a regulation

Article 13 – paragraph 7

Text proposed by the Commission

Amendment

7. Digital euro users may have one or several digital euro payment accounts with the same or different payment service providers.

7. Digital euro users may have one digital euro payment account with the same payment service provider.

Or. en

Amendment 789

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 7

Text proposed by the Commission

Amendment

7. Digital euro users may have one or several digital euro payment accounts with the same or different payment service providers.

7. Digital euro users may have one or more online digital euro payment accounts, with the same or different payment service providers.

Or. en

Amendment 790

Luděk Niedermayer

Proposal for a regulation

Article 13 – paragraph 7 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

When opening a new digital euro payment account, the payment service provider shall ascertain whether the user already holds, or jointly holds, other digital euro payment accounts as referred to in Article 16(7), and shall set the holding limit in such a way that the user’s overall holdings do not exceed the maximum holding limit established pursuant to Article 16(6) and (7).

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Amendment 791

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 – paragraph 8

Text proposed by the Commission

Amendment

8. Payment service providers shall make available to the public, free of charge, accessible information about the specific features of digital euro payment services and the conditions of their distribution.

deleted

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Amendment 792

Fernando Navarrete Rojas, Markus Ferber, Stefan Berger, Daniel Caspary, Ralf Seekatz, Christophe Gomart, Isabel Benjumea Benjumea, Antonio López-Istúriz White

Proposal for a regulation

Article 13 – paragraph 8

Text proposed by the Commission

Amendment

8. From the date of issuance of the digital euro, payment service providers shall make available to their clients, free of charge, accessible information about the specific features of digital euro payment services and the conditions of their distribution.

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Amendment 793

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 13 – paragraph 8

Text proposed by the Commission

Amendment

8. Payment service providers shall make available to their clients, free of charge, accessible information about the specific features of digital euro payment services and the conditions of their distribution.

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Amendment 794

Nikos Papandreou, Aurore Lalucq, Evelyn Regner, Carla Tavares, Jonás Fernández, Thomas Bajada, Matthias Ecke, Eero Heinäluoma

Proposal for a regulation

Article 13 – paragraph 8 a (new)

Text proposed by the Commission

Amendment

8 a. Payment service providers distributing the digital euro shall implement cost-efficient systems and processes for basic digital euro payment services. The European Central Bank may issue technical standards and operational guidelines to promote efficiency, interoperability, and cost minimization in digital euro service provision. Payment service providers shall cooperate with the European Central Bank in:

(a) sharing anonymized cost and operational data to establish efficiency benchmarks;

(b) adopting common standards and interfaces that reduce integration and operational costs;

(d) exploring shared infrastructure solutions where appropriate to minimize duplicative costs.

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Amendment 795

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 13 – paragraph 8 a (new)

Text proposed by the Commission

Amendment

8 a. For the first 3 years, for the purpose of ensuring the integrity of the distribution of the digital euro, the digital euro payment account of a user already holding a non-digital euro payment account shall be contractually linked at the same payment service provider. Such linkage shall ensure that funding and defunding operations, as well as payment transactions exceeding the digital euro holding limits, are executed through the user’s existing non-digital euro payment account.

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Amendment 796

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 8 a (new)

Text proposed by the Commission

Amendment

8 a. Payment services providers shall not be required to provide the services associated with executing digital euro offline payment transactions, unless acting as a designated entity in accordance with Article 14b.

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Amendment 797

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 13 – paragraph 8 b (new)

Text proposed by the Commission

Amendment

8 b. Payment services providers shall enable the initiation and reception of online digital euro payment transactions in deferred online modality under certain conditions that shall be defined by an implementing act by the European Commission. Until this implementing act is adopted, the payment services providers are not required to offer deferred online payments.

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Amendment 798

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher, Ľudovít Ódor

Proposal for a regulation

Article 13 a (new)

Text proposed by the Commission

Amendment

Article 13a

Funding and defunding obligations of payment service providers

1. Payment service providers that provide digital euro payment services under Article 13 and payment service providers that provide non-digital euro payment accounts within the meaning of Directive and regulation [PSD3/PSR] may enable digital euro users to manually or automatically fund or defund their digital euro payment accounts held with another payment service provider, from or to a non-digital euro payments account. Such services may be offered on a voluntary basis through contractual arrangements between payment service providers. Any funding or defunding functionalities pursuant to this article, if provided by a payment service provider, shall be offered free of charge to consumers, except where such operations involve a non-digital euro payment account denominated in a currency other than the euro.

By way of derogation from the first subparagraph, payment service providers referred to therein shall enable merchants to whom they provide the mandatory acquiring services listed in Annex IIa to automatically fund or defund their digital-euro payment accounts held with another payment service provider, from or to a non-digital-euro payment account.

For the purpose of the first subparagraph, payment service providers that hold an account at the European Central Bank or a national central bank shall provide access to digital euro funding and defunding services to payment service providers that do not hold an account in a payment system operated by the European Central Bank or other national central banks, in an objective, non-discriminatory, transparent and proportionate manner.

2. Payment service providers that provide funding and defunding services pursuant to paragraph 1 and payment service providers pursuant to Article 13(1) shall make available funding and defunding functionalities:

(a) at any point in time, on a continuous basis, where funding and defunding take place through non-digital euro payment accounts;

(b) when a payment service provider provides euro cash services where funding and defunding take place through euro banknotes and coins. In this case, cash funding and defunding functionalities for digital euro payment accounts shall be provided in same manner as the payment service provider’s provision of cash services in respect of non-digital euro payment accounts.

3. Payment service providers that provide funding and defunding services pursuant to paragraph 1 and payment service providers pursuant to Article 13(1) shall enable:

(b) to initiate a digital euro payment transaction even though the amount of the payer’s digital euro holdings is inferior to the amount of the transaction, by automatically drawing funds from a linked non-digital euro payment account, provided that the excess amount of the online digital euro payment transaction is available on the payer´s non-digital euro payment.

For the purpose of points (a) and (b), and upon prior approval by the digital euro users, payment service providers that provide funding and defunding functionalities shall link each digital euro payment account to one or more non-digital euro payment accounts denominated in euro held with the same or another payment service provider, designated by the digital euro users.

4. In case of the opening of insolvency proceedings against a payment service provider providing digital euro payment services, the digital euro holdings of digital euro users shall remain the property of the digital euro user and shall be beyond the reach of creditors of that payment service provider. In such a case, the digital euro user can switch the digital euro payment account to another payment service provider without relying on the payment service provider against which insolvency proceedings have been opened, in accordance with Article 31(2), or have their digital euros defunded to a non-digital euro payment account.

5. Payment service providers shall make available to the public, free of charge, accessible information about the specific features of digital euro payment services and the conditions of their distribution

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