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 799

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a), all payment services providers that provide payment services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall actively offer to their clients the option to access all basic digital euro payment services as referred to in Annex II.

Or. en

Amendment 800

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a), payment service providers that provide payment services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall, upon request of their users, provide those persons with all basic digital euro payment services as referred to in Annex II.

Or. en

Amendment 801

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

Proposal for a regulation

Article 14 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a), payment service providers that provide services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall actively offer to their clients all basic digital euro payment services as referred to in Annex II.

Or. en

Amendment 802

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

Proposal for a regulation

Article 14 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of distributing the digital euro to natural persons referred to in Article 12(a), payment service providers that provide payment services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall, upon request of their users, provide them with all basic digital euro payment services as referred to in Annex II

Or. en

Amendment 803

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 14 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a), credit institutions that provide payment services as referred to in points (1), (2) or (3) of Annex I to Directive (EU) 2015/2366 shall, upon request of their clients, provide those persons with all basic digital euro payment services as referred to in Annex II. Member States shall ensure the availability of non-digital or low-tech devices, including cards or hardware tokens, enabling the use of the digital euro without smartphones.

Or. en

Justification

Ensures digital euro accessibility for users without smartphones or advanced digital devices, thereby preventing exclusion and guaranteeing universal access.

Amendment 804

Sirpa Pietikäinen

Proposal for a regulation

Article 14 – paragraph 1 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

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

Or. en

Amendment 805

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

Proposal for a regulation

Article 14 – paragraph 1 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

Entities designated as gatekeepers pursuant to Article 3 of Regulation (EU) 2022/1925 of the European Parliament and of the Council (the Digital Markets Act) shall not act as distributors of the digital euro or provide digital euro services to end users, nor shall they act as Acquirer PSPs by providing digital euro payment acceptance services to merchants, whether directly or through entities under their control.

Or. en

Amendment 806

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

Proposal for a regulation

Article 14 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. For the purpose of distributing the digital euro to legal persons or self-employed natural persons referred to in Article 13(1) to whom the obligation to accept the digital euro pursuant to Chapter III of this Regulation applies, payment service providers shall, upon request of existing and new merchant clients, provide mandatory acquiring services. This obligation shall comprise the virtual or physical environment in which they are already operating.

In line with the minimum functionality of the digital euro or basic services, mandatory acquiring services shall comprise the:

(a) opening, holding, managing and closing of digital euro payment accounts, including consulting balances and transactions;

(b) funding and defunding operations as referred to in Article 13(3) and (4);

(c) enabling the reception of online and offline digital euro payment transactions, including pre-authorisation service for online digital euro payment transactions;

(d) initiating refund transactions.

Or. en

Amendment 807

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 14 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

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

Or. en

Amendment 808

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

Proposal for a regulation

Article 14 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. For the purpose of distributing the digital euro to legal persons or self-employed natural persons referred to in Article 12a to whom the obligation to accept the digital euro pursuant to Chapter III of this Regulation applies, payment service providers shall, upon request of their clients, provide mandatory acquiring services referred to in Annex II(a) provided that they already provide them with acquiring services in accordance with Directive (EU) 2015/2366 for comparable means of payment.

Or. en

Amendment 809

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. For the distribution of the digital euro to legal persons or self-employed natural persons referred to in Article 13(1), who are required to accept the digital euro under Chapter III of this Regulation, payment service providers shall, when requested by those users, make available the mandatory acquiring services listed in Annex II(a), provided that they already offer those users acquiring services for comparable payment instruments in accordance with Directive (EU) 2015/2366.

Or. en

Amendment 810

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 2

Text proposed by the Commission

Amendment

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

2. Natural persons referred to in Article 13(1)(a) that do not hold a non-digital euro account, who are consumers according to definition provided for in Article 2 (1), point (1) of the Directive (EU) 2014/92 shall have the right to open a digital euro payment account which enables the use of all the basic online and offline digital euro services listed in the Annex II. PSPs may also provide additional services in a manner that is proportional and in line with the public nature of the digital euro.

Or. en

Amendment 811

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 14 – paragraph 2

Text proposed by the Commission

Amendment

2. Natural persons referred to in Article 13(1)(a) that do not hold a non-digital euro account, who are consumers according to the definition provided for in Article 2 (1), point. 1 of the Directive (EU) 2014/92 shall have the right to open one digital euro payment account which enables the use of all the basic online and offline digital euro services. PSPs may also provide additional services in a manner that is proportional and in line with the public nature of the digital euro

Or. en

Amendment 812

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

Proposal for a regulation

Article 14 – paragraph 2

Text proposed by the Commission

Amendment

2. For natural persons referred to in Article 12a that do not hold a non-digital euro account, Chapter IV of Directive (EU) 2014/92 on access to payment account with basic features shall apply, with the exception of Articles 17 and 18, to the access to digital euro account with basic services by consumers.

Or. en

Amendment 813

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. Payment service providers shall ensure non-discriminatory access to basic digital euro services for online and, where available, offline payment transactions to vulnerable groups including asylum seekers or beneficiaries of international protection, individuals with no fixed address or third country nationals who are not granted a residence permit but whose expulsion is impossible for legal or factual reasons, subject to the risk-mitigating conditions set up by regulatory technical standards developed jointly by the anti-money laundering authority (‘AMLA’) and the European Banking Authority ('EBA') in accordance with paragraph 5.

Or. en

Amendment 814

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2b. Payment service providers shall provide to their users, free of charge, in an accessible and concise way the following key information about digital euro payment services:

(a) the specific features of digital euro payment services, including the nature of the digital euro as legal tender and central bank money, the credit risk-free character of the digital euro for the user, privacy enhancing features, the availability of conditional payments;

(b) the availability of offline payments where available and conditions of use;

(c) users’ rights and remedies, regarding access and use, right of redress, portability and interoperability with other services, and applicable holding limits;

(d) the conditions of their distribution.

Or. en

Amendment 815

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 2 c (new)

Text proposed by the Commission

Amendment

2c. The basic digital euro payment services associated with the management of holdings shall only be mandatory when the transitional period defined in article 16(4a) has ended.

Or. en

Amendment 816

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 2 d (new)

Text proposed by the Commission

Amendment

2d. The Commission is empowered to adopt delegated acts in accordance with Article 38 to supplement this Regulation by identifying additional basic digital euro payment services and further specifying the scope of existing basic digital euro payment services.

Or. en

Amendment 817

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 3

Text proposed by the Commission

Amendment

3. Member States shall designate the authorities referred to in Article 1, point (f), of the Directive (EU) 2015/2366, or post office giro institutions referred to in Article 1, point (c), of the Directive (EU) 2015/2366 to:

deleted

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

(b) provide basic digital payment services and provide digital inclusion support provided face-to-face in physical proximity to persons with disabilities, functional limitations or limited digital skills, and elderly people.

Or. en

Justification

Reflected in a new Article 14a.

Amendment 818

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

Proposal for a regulation

Article 14 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Member States shall designate the public authorities referred to in Article 1, of the Directive (EU) 2015/2366 to:

Or. en

Amendment 819

Dirk Gotink

Proposal for a regulation

Article 14 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Member States may designate a single or several of the payment service providers the authorities referred to in Article 1, point (f), of the Directive (EU) 2015/2366, or post office giro institutions referred to in Article 1, point (a) to (d), and (f), of the Directive (EU) 2015/2366 to:

Or. en

Amendment 820

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Member States shall designate one or more entities, among those referred to in Article 1, points (a), (b), (c), (d) and (f), of the Directive (EU) 2015/2366 to:

Or. en

Amendment 821

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

Proposal for a regulation

Article 14 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Member States shall designate one or more of the payment service providers referred to in Article 1, points (a) to (d) and (f), of the Directive (EU) 2015/2366, to:

Or. en

Amendment 822

Sirpa Pietikäinen

Proposal for a regulation

Article 14 – paragraph 3 – introductory part

Text proposed by the Commission

Amendment

3. Member States shall designate the one or more of the payment service providers referred to in Article 1, point (f), of the Directive (EU) 2015/2366, to:

Or. en

Amendment 823

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 3 – point a

Text proposed by the Commission

Amendment

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

(a) provide basic digital euro services listed in Annex II to natural persons referred to in Article 13(1)(a) that do not hold or do not wish to hold a non-digital euro payment account at a payment service provider referred to in Article 1, point (a), (b) and (c) of the Directive (EU) 2015/2366;

Or. en

Amendment 824

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

Proposal for a regulation

Article 14 – paragraph 3 – point a

Text proposed by the Commission

Amendment

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

(a) provide basic digital euro payment services to natural persons;

Or. en

Amendment 825

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

Proposal for a regulation

Article 14 – paragraph 3 – point a

Text proposed by the Commission

Amendment

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

(a) provide basic digital euro payment services to natural persons referred to in Article 12a that do not hold or do not wish to hold a non-digital euro payment account at a payment service provider that may distribute the digital euro;

Or. en

Amendment 826

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) provide the basic digital euro services listed in Annex II and provide digital inclusion support services, to be provided to persons with disabilities, functional limitations or limited digital skills, to the elderly or to anyone who request it.

Or. en

Amendment 827

Sibylle Berg

Proposal for a regulation

Article 14 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) provide basic digital payment services and provide digital inclusion support provided face-to-face in physical proximity to all payment service users.

Or. en

Justification

Access to public entities should not be restricted but open and easily accessible to everyone who asks for it. All consumers should be able to use a public entity to open a digital euro account.

Amendment 828

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

Proposal for a regulation

Article 14 – paragraph 3 – point b

Text proposed by the Commission

Amendment

(b) provide basic digital payment services and provide digital inclusion support provided face-to-face in physical proximity to all persons, including persons with disabilities, functional limitations or limited digital skills, and elderly people.

Or. en

Amendment 829

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 14 – paragraph 3 – point b a (new)

Text proposed by the Commission

Amendment

(ba) undertake comprehensive information campaigns aimed at raising awareness and educating the general public about the accessibility, benefits, and use of the digital euro. Such campaigns shall be designed to provide clear, accurate, and easily understandable information, targeting all segments of the population, including vulnerable groups, to promote inclusivity and ensure widespread knowledge of the digital euro.

Or. en

Amendment 830

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 3 – point b a (new)

Text proposed by the Commission

Amendment

(ba) conduct broad public-information initiatives to raise awareness and understanding of the accessibility, benefits and practical use of the digital euro. These initiatives shall provide clear, reliable and comprehensible information and shall be tailored to reach all parts of the population, including vulnerable groups, in order to promote inclusiveness and support widespread familiarity with the digital euro.

Or. en

Amendment 831

Luděk Niedermayer

Proposal for a regulation

Article 14 – paragraph 3 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

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

Or. en

Amendment 832

Sibylle Berg

Proposal for a regulation

Article 14 – paragraph 3 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

Member States shall ensure sufficient and effective access to the entities referred to in the first subparagraph throughout their territory, in all their different regions, including urban and non-urban areas. Member States shall determine the number and geographical distribution of entities on the basis of common indicators adopted by the Commission by delegated acts.

Or. en

Amendment 833

Sibylle Berg

Proposal for a regulation

Article 14 – paragraph 3 – subparagraph 2 (new)

Text proposed by the Commission

Amendment

Member States shall ensure a high level of quality of the support provided and a service which is targeted to the needs of vulnerable consumers. Member States shall assess the quality of advice on the basis of common indicators adopted by the Commission by delegated acts.

Or. en

Justification

To ensure that the public entities are widely available and offers good quality of advice across the euro area, common indicators should be adopted to set minimum requirements for this service.

Amendment 834

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

Proposal for a regulation

Article 14 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. Member state shall ensure sufficient and effective access to the public authorities referred to in Paragraph 3, taking into account geographical distribution, accessibility and quality of their advice and support.

Or. en

Amendment 835

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 14 – paragraph 4

Text proposed by the Commission

Amendment

4. Payment service providers referred to in paragraphs 1 to 3 shall provide digital inclusion support to persons with disabilities, functional limitations or limited digital skills, and elderly persons. Without prejudice to paragraph 3, point (b), digital inclusion support shall comprise a dedicated assistance for onboarding to a digital euro account and using all basic digital euro services.

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

Or. en

Amendment 836

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 4

Text proposed by the Commission

Amendment

4. Payment service providers referred to in paragraphs 1 to 2 shall provide digital inclusion support to all natural persons, with special attention to persons with disabilities, functional limitations or limited digital skills, and elderly persons. Digital inclusion support shall comprise a dedicated assistance for onboarding to a digital euro account and using all basic digital euro services.

Or. en

Amendment 837

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 14 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. For the purpose of paragraph 3, point (b), digital inclusion support services shall be provided on-site and comprise a dedicated in-person assistance for onboarding to a digital euro account and make use of all basic digital euro services

Or. en

Amendment 838

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 – paragraph 5

Text proposed by the Commission

Amendment

5. The anti-money laundering authority of the Union (‘AMLA’) established under Regulation (EU) [please insert reference - proposal for a Regulation creating an EU Authority for anti-money laundering and countering the financing of terrorism (‘AMLA’) - COM/2021/421 final)] and the European Banking Authority shall jointly issue guidelines specifying the interaction between AML/CFT requirements and the provision of basic digital euro payment services with a particular focus on financial inclusion of vulnerable groups including asylum seekers or beneficiaries of international protection, individuals with no fixed address or third country nationals who are not granted a residence permit but whose expulsion is impossible for legal or factual reasons.

5. Within one year from the entry into force of this Regulation, after consulting all relevant stakeholders, AMLA and EBA shall jointly develop draft regulatory technical standards specifying the risk-mitigating conditions under which digital euro payment service providers shall be exempt from applying customer due diligence measures under the AML Regulation for the purpose of financial inclusion of vulnerable groups. Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.

Those risk mitigating conditions may affect the maximum aggregated value of digital euro payment transactions which may be executed within a certain time frame and maximum holdings, for all payments falling under the exemption from general customer due diligence obligations under AMLR.

Or. en

Amendment 839

Sibylle Berg

Proposal for a regulation

Article 14 – paragraph 5

Text proposed by the Commission

Amendment

Or. en

Justification

Such registration would stigmatise those users, and it is not necessary for providing the payment service.

Amendment 840

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

Proposal for a regulation

Article 14 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. One year after the first issuance of the digital euro and every three years thereafter, the Commission shall present a report to the European Parliament and the Council analysing the distribution of the digital euro by payment service providers. Where appropriate this report shall be accompanied by a legislative proposal.

The report shall, inter alia, include:

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

(b) The number of payment service providers distributing the digital euro;

(d) The disparities in distribution levels between Member States;

(e) The difficulties and barriers faced by citizens during the process of opening a digital euro account.

Or. en

Amendment 841

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

Proposal for a regulation

Article 14 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Payment service providers referred to in paragraphs 1 to 4 shall not refuse to open, and shall not terminate, a digital euro payment account solely on the basis of the applicant’s or holder’s political opinions, religious beliefs, trade-union membership, or any other non-financial criterion unrelated to the prevention of money laundering, terrorist financing or fraud. Any refusal or termination of a digital euro payment account shall be duly justified in writing to the user and shall be subject to an effective, swift and independent complaint mechanism before the competent national authority. The competent national authority shall have the power to order the reopening or maintenance of the account where the refusal or termination is found to violate this paragraph.

Or. en

Justification

The digital euro is public money and must remain universally accessible. Recent high-profile cases, including ECB President Lagarde’s personal experience of being debanked, have shown that private payment service providers can close accounts for reasons unrelated to financial crime. This new paragraph establishes a clear non-discrimination rule for the digital euro, thereby preventing politically or ideologically motivated financial exclusion and guaranteeing that public money stays public for every citizen.

Amendment 842

Sibylle Berg

Proposal for a regulation

Article 14 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Supervisors may, directly or in collaboration with other authorities in that Member State, exempt obliged entities from conducting, in full or in part, the customer due diligence measures referred to under Article 16(1), points (a) to (c) of Regulation [please insert reference – proposal for Anti-Money Laundering Regulation - COM/2021/420 final] with respect to the offline version of the digital euro on the basis of the proven low risk posed by the nature of the product.

Or. en

Amendment 843

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 a (new)

Text proposed by the Commission

Amendment

Article 14a

Access to digital euro public payment account services

1. For the purpose of distributing the digital euro to natural persons referred to in Article 13(1)(a) and guaranteeing universal access, Member States shall designate one or more public or private entities referred to in Article 1, point (a) to (f), of the Directive (EU) 2015/2366, to provide upon request digital euro public services which constitute of:

(a) all basic digital euro payment services listed in Annex II;

(b) manual funding and defunding from cash subject to limitations in accordance with Article 16;

(c) automatic defunding of digital euro in excess and automatic funding of transactions above the limitations of Article 16, provided that the excess amount of the transaction is available on the payer´s non-digital euro payment account, if the public account is linked to a non-digital euro payment account.

Digital inclusion support provided face-to-face in physical proximity and online to all, with a dedicated assistance to persons with disabilities, functional limitations or limited digital skills, and elderly people.

2. Payment service providers shall be designated according to the procedure laid down in Article 14b and shall make sure that the digital euro services are built on European standards and procedures necessary for its functioning and interoperability across the euro area, and in Member States whose currency is not the euro and which have concluded an arrangement under Article 18.

3. Member States shall ensure that designated entities operate under clearly defined public interest obligations, ensuring universal, sufficient and effective access to digital euro payment services throughout their territory, including in urban and non-urban areas, financial inclusion, digital inclusion support, services to vulnerable groups, and the continuity, resilience and security of services.

Member States shall determine the number and geographical distribution of designated entities on the basis of common criteria and indicators. The Commission may adopt guidelines to measure distribution and coverage indicators and to specify minimum requirements for quality of support and security standards.

4. In the event a designated entity enters into insolvency or other similar proceedings, the digital euro holdings of digital euro users shall not be affected and a continuation of services shall be secured.

5. The provisions on financial inclusion of vulnerable groups laid down in Article 14 shall apply.

Or. en

Amendment 844

Paulius Saudargas, Sandra Kalniete, Liudas Mažylis

Proposal for a regulation

Article 14 a (new)

Text proposed by the Commission

Amendment

Article 14a

Possibility to adopt certain measures in exceptional circumstances

In situations of widespread and severe disruption to the continuity of digital payments, including digital euro payment operations, or in the event of a credible and imminent risk thereof affecting, in whole or in part, a Member State or the euro area, one or more of the following measures may be adopted pursuant to this Article:

(a) the activation of emergency switching;

(b) the temporary raising of offline digital euro holding and transaction limits;

The measures referred to in this paragraph shall be limited in time, duly justified, and proportionate. They shall apply only for the period necessary in view of the exceptional circumstances that justify their adoption.

Or. en

Amendment 845

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 14 a (new)

Text proposed by the Commission

Amendment

Article 14a

Or. en

Amendment 846

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 14 b (new)

Text proposed by the Commission

Amendment

Article 14b

Requirements applying to designated payment service providers

1. The designation of payment service providers shall be preceded by a transparent, open, non-discriminatory and competitive public procurement procedure, in accordance with Directive 2014/24/EU on public procurement and the principles for entrusting services of general economic interest within the meaning of Article 106(2) TFEU .

Member States shall regularly review their designation mechanisms and obligations imposed under this Article, in order to ensure that they remain appropriate, effective and proportionate, and shall notify the Commission and the ECB of any measures adopted pursuant to this Article.

2. The designated payment service providers shall comply with the following requirements:

(a) demonstrate a proven track record of robust compliance with the Union legislation on anti-money-laundering, data protection and cybersecurity;

(b) be effectively established and have their place of effective management in the Union and not be controlled, directly or indirectly, by third-country entities exercising decisive influence;

(c) have a track record, over the past five years, of contributing an effective corporate tax rate in the last five years in the relevant Member State that is proportionate to the average corporate tax rate applicable in that Member State.

Designated entities shall ensure effective separation between the entrusted public-service activity and any commercial activities to prevent undue competitive advantage if the designated entity is a private entity.

2. The compensation model established in Article 17 shall apply uniformly to all transactions relating to the provision of digital euro services, including to the designated entities. Any income derived from transaction fees that exceed the cost of providing public digital euro services, including a reasonable margin of profit, shall be transferred to the national budget. Where the costs for the provision of digital euro public services exceed the income from transactions fees, the designated entity shall be duly compensated.

Designated entities shall maintain separate and transparent accounts, and shall annually report the costs and revenues directly attributable to the public-service obligations.

Or. en

Amendment 847

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

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

1. As the digital counterpart of cash money, the digital euro shall be available as a store of value and as a means of payment. However, the use of the digital euro as a store of value may be subject to proportionate and duly justified limits.

Or. en

Amendment 848

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

1. With a view to ensuring the universal access to central bank money in the digital age for both natural and legal persons, while supporting the effective conduct of monetary policy and safeguarding monetary sovereignty, the digital euro shall be useable as a store of value instrument.

Or. en

Amendment 849

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

1. With a view to enabling financial institutions to access and use digital euro, to defining and implementing monetary policy and to contributing to the stability of the financial system, the use of the digital euro as a store of value shall be subject to holding limits.

Or. en

Amendment 850

Markus Ferber

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Justification

The holding limit is a central part of this regulation and should be determined by the co-legislator in the level 1 text.

Amendment 851

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 852

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

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 853

Pasquale Tridico

on behalf of The Left Group

Jussi Saramo

Proposal for a regulation

Article 15 – paragraph 1

Text proposed by the Commission

Amendment

1. With a view to enabling natural and legal persons to access and use digital euro, to defining and implementing monetary policy and to contributing to the stability of the financial system, the use of the digital euro as a store of value may be subject to limits. Such limits shall be defined and applied in accordance with the principle of proportionality, in a way that preserves broad and effective access to the digital euro as public central bank money. Due consideration shall be given to the fact that access to central bank money, including cash, is presently without restriction.

Or. en

Amendment 854

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 15 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. In order to mitigate potential implications to the stability of the financial system, the store of value may be subject to limits. Such limits shall be proportionate and reflect the public nature of the digital euro.

Or. en

Amendment 855

Markus Ferber

Proposal for a regulation

Article 15 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. The payment service provider and the digital euro user may agree on an individual holding limit which shall not exceed the maximum holding limit.

Or. en

Amendment 856

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

Proposal for a regulation

Article 15 – paragraph 2

Text proposed by the Commission

Amendment

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, and to avoiding excessive charges for merchants subject to the obligation to accept the digital euro under Chapter II while providing compensation for the relevant costs incurred by payment services providers for the provision of digital euro payments, the level of charges or fees to be paid by natural persons or merchants to payment service providers, or between payment service providers, shall be subject to limits.

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, no charges or fees shall be imposed on digital euro users or merchants for basic digital euro payment services.

Or. en

Amendment 857

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 15 – paragraph 2

Text proposed by the Commission

Amendment

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, and to avoiding excessive charges for merchants subject to the obligation to accept the digital euro under Chapter II, the level of charges or fees to be paid by natural persons or merchants to payment service providers, or between payment service providers, shall be proportionate to the cost of transactions and subject to limits.

Or. en

Amendment 858

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

Proposal for a regulation

Article 15 – paragraph 2

Text proposed by the Commission

Amendment

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, and to avoiding excessive charges for merchants and public sector entities subject to the obligation to accept the digital euro under Chapter II to fairly distribute the gains for payment service providers arising from the Eurosystem not charging payment service providers for the costs it bears to support their provision of digital euro services to digital euro users and to provide compensation for the relevant costs incurred by payment services providers for the provision of digital euro payment services, the level of charges or fees to be paid by natural persons or merchants to payment service providers, or between payment service providers, shall be subject to limits. In particular, any merchant service charge and inter-PSP fee and fee to natural persons in relation to digital euro payment transactions shall comply with the principle of proportionality.

Or. en

Amendment 859

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 15 – paragraph 2

Text proposed by the Commission

Amendment

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, and to avoiding excessive charges for merchants and public sector entities subject to the obligation to accept the digital euro under Chapter II, to fairly distribute the gains for payment service providers arising from the Eurosystem not charging payment service providers for the costs it bears to support their provision of digital euro services to digital euro users, and to providing compensation for the relevant costs incurred by payment services providers for the provision of digital euro payments, the level of charges or fees to be paid by natural persons or merchants to payment service providers, or between payment service providers, shall be subject to limits. In particular, any merchant service charge, inter-PSP fee, and fee to a natural person in relation to digital euro payment services shall comply with the principle of proportionality.

Or. en

Amendment 860

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 15 – paragraph 2

Text proposed by the Commission

Amendment

2. With a view to ensuring an effective use of the digital euro as a legal tender means of payment, and to avoiding excessive charges for merchants and public sector entities subject to the obligation to accept the digital euro under Chapter II, to ensure an equitable sharing of the benefits accruing to payment service providers from the Eurosystem’s decision not to charge them for the costs associated with enabling the provision of digital euro services to users, and to provide compensation for the relevant costs incurred by payment services providers for the provision of digital euro payments, the level of charges or fees to be paid by natural persons or merchants to payment service providers, or between payment service providers, shall be subject to limits. In particular, any merchant service charge, inter-PSP fee or fee applied to a natural person in connection with digital euro payment services shall follow the principle of proportionality.

Or. en

Amendment 861

Sibylle Berg

Proposal for a regulation

Article 16 – title

Text proposed by the Commission

Amendment

Limits to the use of the digital euro as a store of value

Use of the digital euro as a store of value

Or. en

Amendment 862

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank shall develop instruments to limit the use of the digital euro as a store of value and shall decide on their parameters and use, in accordance with the framework set out in this Article. PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts.

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 863

Christophe Gomart

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), holding limits for the digital euro shall be introduced:

(a) the holding limit for natural persons within the meaning of Article 13(1) (a) shall not exceed EUR 300. Within this ceiling, the holding limit will be determined by the European Central Bank in agreement with the European Parliament and the Council.

(b) Legal persons authorised to hold more than one digital euro payment wallet shall not be authorised to hold digital euros for longer than is strictly required by their operational activities or by technical constraints. All their digital euro wallets must be fully defunded at least once a day.

Or. fr

Amendment 864

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. In the event of a temporary network disruption due to force majeure events, legal persons may temporarily maintain holdings in their offline digital euro device with no limits. As soon as the network disruption has come to an end, automatic defunding in accordance with Article 13(2c) shall be provided.

Or. en

Amendment 865

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 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), legal persons shall not maintain any digital euro holdings. In the event of a temporary network disruption due to force majeure events, legal persons may temporarily maintain holdings in their offline digital euro device with no limits. As soon as the network disruption has come to an end, automatic defunding in accordance with Article 13(2c) shall be provided.

Or. en

Amendment 866

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank may develop instruments to limit the use of the digital euro as a store of value and shall decide on their parameters and use, in accordance with the framework set out in this Article. Such limits shall comply with the principle of proportionality and may restrict individuals’ holdings only to the extent necessary to achieve the objectives laid down in Article 15(1). PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts. Following the issuance of the digital euro, the European Central Bank shall periodically review the parameters and functioning of the instruments designed to limit its use as a store of value and shall adjust the applicable holding limits where duly justified.

Or. en

Amendment 867

Gilles Boyer, Stéphanie Yon-Courtin, Billy Kelleher

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank shall set holding limits applicable to digital euro users in order to limit the use of the digital euro as a store of value in accordance with the framework set out in this Article. When defining these limits, the ECB shall be subject to a statutory due process involving European co-legislators. On the basis of the ECB’s proposal for holding limits the Commission shall be empowered to adopt delegated acts in accordance with article 38. PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts.

Or. en

Amendment 868

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1a), the European Central Bank shall define quantitative limits to digital euro holdings or develop other instruments to calibrate the use of the digital euro as a store of value in accordance with the framework set out in this Article. Digital euro payment service providers to natural and legal persons referred to in Article 13(1) shall apply these limits to digital euro payment accounts.

Or. en

Amendment 869

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank shall develop and maintain technical instruments necessary to limit the use of the digital euro as a store of value and shall provide the European Commission with the technical analyses relevant for the establishment and adjustment of their parameters, in accordance with the framework set out in this Article. . PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply the limits to digital euro payment accounts as established in this Regulation.

Or. en

Amendment 870

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank shall develop instruments to limit the use of the digital euro as a store of value and shall decide on their parameters and use, in accordance with the framework set out in this Article. Such limits shall be proportionate in nature and restrict individuals’ freedom only to the extent necessary to achieve the objectives outlined in Article 15(1). PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts.

Or. en

Amendment 871

Fabio De Masi

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank shall develop instruments to limit the use of the digital euro as a store of value and shall decide on their parameters and use, in accordance with the framework set out in this Article. The upper limit and its modification shall require the approval of the European Parliament by simple majority. PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts.

Or. de

Amendment 872

Regina Doherty

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(1), the European Central Bank exclusively shall develop instruments to limit the use of the digital euro as a store of value and shall decide on their parameters and use, in accordance with the framework set out in this Article. The European Central Bank may consult externally, and shall review on a regular basis the limits set. PSPs providing account servicing payment services within the meaning of Directive 2015/2366 to natural and legal persons referred to in Article 12(1) shall apply these limits to digital euro payment accounts.

Or. en

Amendment 873

Fabio De Masi

Proposal for a regulation

Article 16 – paragraph 1

Text proposed by the Commission

Amendment

Or. de

Amendment 874

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

Proposal for a regulation

Article 16 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. The European Central Bank, with the involvement of relevant stakeholders, including the payment service providers, shall conduct a specific and detailed impact assessment, drawing on bank level data through a Quantitative Impact Study (QIS), providing a full picture of the consequences for credit institutions’ balance sheet and liquidity management of the introduction of a digital euro for different possible levels of holding limits.

Or. en

Amendment 875

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

Proposal for a regulation

Article 16 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. The calibration of the limit shall be based on ECB assessments and reviewed in light of macro-financial conditions. The limit shall not restrict users’ ability to make payments, which shall be ensured through automated waterfall and reverse waterfall functionalities.

Or. en

Amendment 876

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 2

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

deleted

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument;

Or. en

Justification

No holding limits, like with cash

Amendment 877

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 16 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

2. For the purpose of Article 15(1), the holdings of digital euro that natural persons may hold shall be limited.

Or. en

Amendment 878

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

2. The limits and use of the instruments shall safeguard the objectives set out in Article 15(1). When setting the limits or defining the instruments, the ECB ensure that such limits are designed and calibrated in a manner that:

Or. en

Amendment 879

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 16 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

2. The parameters and use of the instruments referred to in paragraph 1 shall be set by the European Central Bank and shall be designed to:

Or. en

Amendment 880

Michalis Hadjipantela

Proposal for a regulation

Article 16 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

2. The parameters and the application of the holding limits and any other instruments developed pursuant to paragraph 1, shall:

Or. en

Amendment 881

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The parameters and use of the instruments referred to in paragraph 1 shall:

2. The parameters and use of the instruments referred to in paragraph 1 shall be set by the European Central Bank, taking into account:

Or. en

Amendment 882

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 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

deleted

Or. en

Amendment 883

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(a) contributes to financial stability and to a smooth adaptation to the digital euro payment ecosystem;

Or. en

Amendment 884

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

Proposal for a regulation

Article 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(a) proportionate and duly justified as set out in Article 15(1);

Or. en

Amendment 885

Michalis Hadjipantela

Proposal for a regulation

Article 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(a) safeguard the objectives set out in Article 15(1), in particular the stability of the financial system across the euro area;

Or. en

Amendment 886

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(a) safeguard the objectives set out in Article 15(1), in particular individuals’ freedom to hold and utilize central bank money, which should be carefully balanced against the potential risks to financial stability;

Or. en

Amendment 887

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 16 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) safeguard the objectives set out in Article 15(1), in particular financial stability;

(a) safeguard the objectives set out in Article 15(1), in particular maintaining individuals’ ability to hold and use central bank money, while balancing this with potential financial stability risks;

Or. en

Amendment 888

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 16 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument;

deleted

Or. en

Amendment 889

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument;

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument, which could be negatively affected if holding limits were to be set to a too low level;

Or. en

Amendment 890

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 16 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument;

(b) ensure the usability and acceptance of the digital euro as a legal tender instrument, which could be adversely affected if holding limits were set at an unduly low level;

Or. en

Amendment 891

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – point b a (new)

Text proposed by the Commission

Amendment

(ba) ensures effective, universal and non-discriminatory access for all EU citizens to central bank money in digital form, as an essential public service that supports financial inclusion;

Or. en

Amendment 892

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – point b b (new)

Text proposed by the Commission

Amendment

(bb) ensures the competitiveness and attractiveness of the digital euro vis-à-vis comparable means of payment instruments or digital store of value instruments;

Or. en

Amendment 893

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 16 – paragraph 2 – point c

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 894

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – point c

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 895

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 2 – point c

Text proposed by the Commission

Amendment

(c) respect the principle of proportionality, whereby any limitation to people's freedom shall be clearly justified by the European Central Bank

Or. en

Amendment 896

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 16 – paragraph 2 – point c

Text proposed by the Commission

Amendment

(c) respect the principle of proportionality, whereby any limitation on individuals’ freedom must be explicitly justified by the European Central Bank.

Or. en

Amendment 897

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 2 – point c a (new)

Text proposed by the Commission

Amendment

(ca) ensures that the limits do not hinder the positive contribution of the digital euro to a competitive and diverse financial system, in line with the principles of an open market economy and free competition.

Or. en

Amendment 898

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

Proposal for a regulation

Article 16 – paragraph 2 – point c a (new)

Text proposed by the Commission

Amendment

(ca) safeguard financial stability, while also having regard to the actual or potential adverse effects the proposed limitations may have on financial stability;

Or. en

Amendment 899

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

Proposal for a regulation

Article 16 – paragraph 2 – point c b (new)

Text proposed by the Commission

Amendment

(cb) take into account the interests of users;

Or. en

Amendment 900

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 901

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 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The European Central Bank shall, after consulting the European Systemic Risk Board, prepare a report on the impact of different theoretical holding limits on the financial stability of the euro area and its Member States. The European Central Bank shall submit the report to the Commission, the European Parliament and the Council within six months of having concluded the preparatory work for the issuance of the offline digital euro referred to in Article 4(2a). The report shall be accompanied by the methodology employed for the calculations and shall contain at least the following information:

Or. en

Amendment 902

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The European Central Bank shall, after consulting the European Systemic Risk Board, prepare a report on the impact of different theoretical holding limits on the financial stability of the euro area and its Member States, including an explicit assessment of whether any parameter of the digital euro could incentivise destabilising deposit outflows from credit institutions, especially under stressed market conditions, and proposing corrective measures where necessary.

Or. en

Justification

Strengthens financial stability safeguards by requiring explicit assessment of potential destabilising deposit outflows and mandating corrective measures when risks are identified.

Amendment 903

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area, so to ensure the singleness of money across the euro area and that people's freedom is consistently protected across the Union.

Or. en

Amendment 904

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla', Jussi Saramo

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area, so as to maintain the singleness of money and guarantee consistent protection of individuals’ freedoms across the Union.

Or. en

Amendment 905

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The European Central Bank may set different holding limits for natural persons and legal persons. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

Or. en

Amendment 906

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

Proposal for a regulation

Article 16 – paragraph 3

Text proposed by the Commission

Amendment

3. The parameters and use of the instruments referred to in paragraph 1 shall be applied in a non-discriminatory manner and uniformly across the euro area.

3. The European Central Bank shall publicly report on how it applied the parameters and use of the instruments referred to in paragraph 1, which shall be applied in a non-discriminatory manner and uniformly across the euro area.

Or. en

Amendment 907

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 16 – paragraph 3 – point a (new)

Text proposed by the Commission

Amendment

(a) an assessment of the impact of different theoretical holding limits on the financial stability and on the competitiveness and resilience of credit institutions and non-financial corporations in the euro area, giving special attention to the impact on funding, liquidity, profitability and lending provision by credit institutions;

Or. en

Amendment 908

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 16 – paragraph 3 – point b (new)

Text proposed by the Commission

Amendment

(b) any limitations in the methodology or the data used that shall limit their applicability, and specifically any correction factors needed to extrapolate the results on liquidity metrics when the data used include periods with extraordinary ample market liquidity and excess reserves.

Or. en

Amendment 909

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 16 – paragraph 3 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

When assessing the impacts referred to in the first subparagraph, point (a), the European Central Bank shall assume, for every theoretical holding limit, a full take-up of the theoretical holding limits in a normalised overall market liquidity situation as compared with a situation in which the digital euro is not issued. The impacts shall be evaluated at the aggregate level of the Union and national financial systems as well as at the level of individual credit institutions in order to assess residual financial instability risks stemming from euro area-wide, country-specific or institution-specific risks. Information on the most affected institutions, the Member States they operate in and their business model shall be provided at the highest level of granularity compatible with keeping confidentiality of supervisory data.

Or. en

Amendment 910

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall limit determined by the European Central Bank minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 911

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 912

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 16 – paragraph 4

Text proposed by the Commission

Amendment

4. No later than three months after the reception of the report of the European Central Bank referred to in paragraph 3 and prior to the adoption of the delegated act referred to in paragraph 5, the Commission shall prepare a report with a detailed explanation of the risk tolerance to residual financial stability risk. The report shall, in particular, establish the percentage of total banking assets at euro area and at Member State level that may be subject to stressed financial conditions for potential theoretical holding limits in the scenario of full take up by digital euro users.

Or. en

Amendment 913

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

Or. en

Amendment 914

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings and shall be justified by the European Central Bank with a report to the Commission, the European Parliament and the Council within six months of the adoption of this Regulation. The European Central Bank shall present the report to the European Parliament and to the Council in line with the procedures explained in Article 40. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall limit determined by the European Central Bank minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Amendment 915

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings and shall be justified by the European Central Bank through a report submitted to the Commission, the European Parliament and the Council within six months of the adoption of this Regulation. The European Central Bank shall present that report to the European Parliament and the Council in accordance with Article 40. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall limit determined by the European Central Bank minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Amendment 916

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

Or. en

Justification

Prevents indirect negative interest mechanisms that could undermine user trust in the digital euro.

Amendment 917

Michalis Hadjipantela

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings which are available to the digital euro user. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall holding limit defined by the European Central Bank pursuant to this Article minus the holding limit for offline digital euro determined by the digital euro users. For that purpose, a digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Amendment 918

Markus Ferber

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall limit minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Justification

The holding limit is a central part of this regulation and should be determined by the co-legislator in the level 1 text.

Amendment 919

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 4

Text proposed by the Commission

Amendment

4. Any holding limits on digital euro payment accounts adopted pursuant to paragraph 1 shall apply to both offline and online holdings. Where a digital euro user uses both an offline and online digital euro, the limit that applies to online digital euro shall equal the overall limit minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Amendment 920

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 16 – paragraph 4 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

The Commission shall present the report to the European Parliament and to the Council no later than 1 month after its preparation.

Or. en

Amendment 921

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. The European Central Bank shall periodically review the parameters and use of the instruments to limit the use of the digital euro as a store of value, and, where appropriate, recalibrate the holding limits to achieve the objectives set out in paragraph 2.

Or. en

Amendment 922

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. The individual holding limit applicable at the initial launch of the digital euro shall be EUR 5 000.

Or. en

Amendment 923

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 4 b (new)

Text proposed by the Commission

Amendment

4b. The European Central Bank shall calculate the annual change in the Harmonised Index of Consumer Prices (HICP) in the euro area over the corresponding period and, where that change implies an adjustment of the holding limit, shall adjust the limit accordingly and publish the resulting amount. Where the annual change in the HICP does not imply an adjustment, the holding limit shall remain unchanged.

Or. en

Amendment 924

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 4 c (new)

Text proposed by the Commission

Amendment

4c. Where, on the basis of analyses provided by the European Central Bank or by the European Commission, a larger increase in the holding limit is considered appropriate beyond the adjustment made pursuant to paragraph 4b, the European Commission is empowered to adopt a delegated act in accordance with Article 38 to raise that limit. Any such higher limit shall apply only for a period of two years unless confirmed again under the same procedure. In this case it is set with no time limitation.

Or. en

Amendment 925

Luděk Niedermayer

Proposal for a regulation

Article 16 – paragraph 4 d (new)

Text proposed by the Commission

Amendment

4d. Any adjustment under paragraphs 4c or 5 shall become applicable no earlier than six months after the act providing for such adjustment has entered into force or has been issued.

Or. en

Amendment 926

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 5

Text proposed by the Commission

Amendment

5. Visitors to the euro area as referred to in Article 13(1), point (c), and natural and legal persons as referred to in Article 13(1), points (b), (d) and (e), shall be subject to limits as regards the use of the euro as a store of value that are not higher than the ones effectively implemented in the euro area for natural and legal persons residing or established in Member States whose currency is the euro. The parameters and use of the instruments shall be applied in a non-discriminatory manner and uniformly across Member States whose currency is not the euro. When deciding on the use of the instruments in those Member States and setting the parameters, the European Central Bank shall consult national central banks of Member States whose currency is not the euro.

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 927

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 16 – paragraph 5

Text proposed by the Commission

Amendment

5. The Commission is empowered to adopt a delegated act to set up the initial holding limits. The delegated act shall be adopted no later than nine months after receipt of the report of the European Central Bank referred to in paragraph 3. The initial holding limits shall comply with the following criteria in the scenario of full take up by digital euro users in normalised overall market liquidity situation:

Or. en

Amendment 928

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 16 – paragraph 5 – point a (new)

Text proposed by the Commission

Amendment

(a) no individual credit institution in the euro area is expected to confront a retail sight deposits outflow greater than 5% compared to the situation without a digital euro;

Or. en

Amendment 929

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 16 – paragraph 5 – point b (new)

Text proposed by the Commission

Amendment

(b) the total assets represented by credit institutions which will reach or fall below a liquidity coverage ratio (LCR) of a 100% will be below 1% for the euro area as a whole and for each individual Member State in the euro area.

Or. en

Amendment 930

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 16 – paragraph 5 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

If the holding limits were to be lower than the estimated average cash holdings of natural persons as a means of transactions, the Commission may decide to set initial holding limits equivalent to those average cash holdings.

Or. en

Amendment 931

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 16 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. The Commission is empowered to adopt a delegated act revising the initial holding limits downwards, after consulting the European Central Bank and the European Systemic Risk Board, whenever it deems this to be appropriate.

Or. en

Amendment 932

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 16 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. The Commission shall propose a legislative amendment where it considers it appropriate to modify the criteria referred to in paragraph 5 to revise the initial holding limits upwards.

Or. en

Amendment 933

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 6

Text proposed by the Commission

Amendment

6. In case a digital euro user has multiple digital euro payment accounts, the digital euro user shall specify to the payment service providers with which the digital euro payment accounts are held how the individual holding limit is to be allocated between the different digital euro payment accounts.

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 934

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 6

Text proposed by the Commission

Amendment

deleted

Or. en

Justification

This deletion enables a more user-friendly experience, prevents additional costs that would arise from banks coordinating holding limits and limits data-sharing requirements.

Amendment 935

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 16 – paragraph 6

Text proposed by the Commission

Amendment

6. The holding limits referred to in paragraph 5 shall be applied in a non-discriminatory manner and uniformly across the euro area. Payment service providers providing account servicing payment services within the meaning of Directive (EU) 2015/2366 to natural and legal persons referred to in Article 13(1) shall ensure those overall holding limits to online digital euro payment accounts and offline digital euro devices.

Or. en

Amendment 936

Jonás Fernández, Aurore Lalucq, Carla Tavares, Thomas Bajada, César Luena, Costas Mavrides

Proposal for a regulation

Article 16 – paragraph 6

Text proposed by the Commission

Amendment

6. In case a digital euro user has multiple digital euro payment accounts, the holding limit shall be established by payment account.

Or. en

Amendment 937

Jonás Fernández, Aurore Lalucq, Carla Tavares, Thomas Bajada, César Luena, Costas Mavrides

Proposal for a regulation

Article 16 – paragraph 7

Text proposed by the Commission

Amendment

7. Where a digital euro payment account is held by more than one digital euro user, any holding limit on the related digital euro payment account adopted pursuant to paragraph 1 shall amount to the sum of the individual holding limits allocated to its users.

deleted

Or. en

Amendment 938

Sibylle Berg

Proposal for a regulation

Article 16 – paragraph 7

Text proposed by the Commission

Amendment

deleted

Or. en

Justification

No holding limits, like with cash

Amendment 939

Markus Ferber

Proposal for a regulation

Article 16 – paragraph 7

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 940

Engin Eroglu

Proposal for a regulation

Article 16 – paragraph 7

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 941

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 16 – paragraph 7

Text proposed by the Commission

Amendment

7. Where a digital euro user uses both an offline and online digital euro, the holding limit that applies to online digital euro shall be equal to the overall holding limit determined in paragraph 5 minus the holding limit for offline digital euro set by digital euro users. A digital euro user may set its offline holding limit at any amount between zero and the holding limit set in accordance with Article 37.

Or. en

Amendment 942

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 7

Text proposed by the Commission

Amendment

7. Where a digital euro payment account is held by more than one digital euro user, any holding limit shall amount to the sum of the individual holding limits allocated to its users.

Or. en

Amendment 943

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 16 – paragraph 7 a (new)

Text proposed by the Commission

Amendment

7a. Visitors and natural and legal persons referred to in Article 13(1), points (b), (d) and (e), shall be subject to holding limits as regards the use of the digital euro as a store of value that are not higher than those effectively implemented in the euro area for natural and legal persons residing or established in Member States whose currency is the euro. Those holding limits shall be applied in a non-discriminatory manner and uniformly across Member States whose currency is not the euro. When deciding on the holding limits and other limits, the Commission shall consult the European Central Bank and national central banks of Member States whose currency is not the euro.

Or. en

Amendment 944

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

Proposal for a regulation

Article 16 – paragraph 7 a (new)

Text proposed by the Commission

Amendment

7a. Payment service providers shall not impose additional holding, transaction or withdrawal limits on its digital euro accounts.

Or. en

Amendment 945

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 16 – paragraph 7 b (new)

Text proposed by the Commission

Amendment

7b. Where an online digital euro user has multiple online digital euro payment accounts, the digital euro user shall specify to the payment service providers with which the digital euro payment accounts are held how the individual holding limit is to be allocated between the different digital euro payment accounts.

Or. en

Amendment 946

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 16 – paragraph 7 c (new)

Text proposed by the Commission

Amendment

7c. Where an online digital euro payment account is held by more than one digital euro user, any holding limit on the related digital euro payment account adopted pursuant to paragraph 5 shall amount to the sum of the individual holding limits allocated to its users.

Or. en

Amendment 947

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 16 – paragraph 7 d (new)

Text proposed by the Commission

Amendment

7d. The Commission is empowered to adopt delegated acts, at the request of the European Central Bank, proposing additional limits to the use of the digital euro for the purpose of safeguarding financial stability and the stable funding of credit institutions and their lending capacity to the economy, while ensuring the usability and acceptance of the digital euro as a legal tender instrument and respecting the principle of proportionality.

Or. en

Amendment 948

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. For the purpose of Article 15 (1a), digital euro holdings may bear interest. The ECB shall determine any interest in accordance with the Treaties, in order to:

(a) support the transmission of monetary policy to the real economy;

(b) preserve the usability and attractiveness of the digital euro vis-a-vis other digital means of payment and digital store of value instruments;

Or. en

Amendment 949

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

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. Within the framework of this Regulation, the digital euro may bear interest.

For the purpose of Article 16(8), the ECB may remunerate the euro digital holdings at deposit facility rate.

Or. en

Amendment 950

Michalis Hadjipantela

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. The digital euro shall not bear interest.

Or. en

Amendment 951

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

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. The digital euro shall not bear interest.

Or. en

Amendment 952

Markus Ferber

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. The digital euro shall not bear interest.

Or. en

Amendment 953

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 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. The digital euro shall not bear interest.

Or. en

Amendment 954

Fabio De Masi

Proposal for a regulation

Article 16 – paragraph 8

Text proposed by the Commission

Amendment

8. Within the framework of this Regulation, the digital euro shall not bear interest.

8. Within the framework of this Regulation, the digital euro shall not bear interest. A negative interest shall not be possible.

Or. de

Amendment 955

Jonás Fernández, Aurore Lalucq, Carla Tavares, Thomas Bajada, César Luena, Costas Mavrides

Proposal for a regulation

Article 16 – paragraph 8 a (new)

Text proposed by the Commission

Amendment

8a. Without prejudice of the Article 16 (1), the ECB shall establish the same holding limit of any digital euro payment accounts to the coverage level for the aggregate deposits of each depositor established in the Directive 2014/79 on the deposit guarantee scheme Article 6(1), if after 36 months from the issuance of digital euros, the Commission proposal amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance is not in force.

Or. en

Amendment 956

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 16 a (new)

Text proposed by the Commission

Amendment

Article 16a

Overall ceiling for the holding limits

1. The holding limits referred to in Article 16(1)(a) shall be subject to an overall ceiling for legal persons and for natural persons as set in accordance with this article. Different ceilings may be set for legal and natural persons.

2. The European Central Bank shall publicly announce the envisaged date of the first issuance of the digital euro in accordance with Article 4 of this Regulation at least two years prior to such envisaged date. At least one year before the envisaged date of the first issuance of the digital euro, the European Central Bank shall publish a technical report on the limits for the use of the digital euro as a store of value set pursuant to Article 15(1) and shall submit to the Council, in agreement with the Commission, a recommendation for a Council implementing decision setting the overall ceiling for the holding limits referred to in Article 16.

3. The Council shall adopt the Council implementing decision within six months from the submission of the recommendation of the European Central Bank, acting by a qualified majority in accordance with Article 238(3)(b) TFEU, including when amending the recommendation. If the Council implementing decision has not been adopted at the end of the six-month period, the European Central Bank shall be able to set holding limits in accordance with its recommendation. The Council may adopt its implementing decision on the basis of that recommendation even after the expiry of the six-month period.

4. The overall ceiling shall be reviewed at least every two years. To that end, the Council implementing decision shall apply for a period of two years, without prejudice to paragraph 5. At least six months before the end of application of the Council implementing decision, the European Central Bank shall publish a new technical report concerning the holding limits and submit to the Council, in agreement with the Commission, a recommendation for a Council implementing decision on the overall ceiling.

5. The Council may adopt the Council implementing decision for the purpose of paragraph 4 within six months from the submission of the recommendation of the European Central Bank, acting by a qualified majority in accordance with Article 238(3)(b) TFEU, including when amending the recommendation. If the Council has not acted before the end of application of the Council implementing decision, the period of application of that Council implementing decision shall be tacitly extended by two years.

6. The European Central Bank shall without delay adjust the holding limits set in accordance with Article 16 to comply with the overall ceiling established in a Council implementing decision.

Or. en

Amendment 957

Paulius Saudargas, Sandra Kalniete, Liudas Mažylis

Proposal for a regulation

Article 16 a (new)

Text proposed by the Commission

Amendment

Article 16a

Procedure for Raising Offline Holding and Transaction Limits

1. In the circumstances referred to in Article 14(a), one or more Member States may submit to the European Commission a request for a temporary increase of the applicable offline digital euro payment transaction limits and offline digital euro holding limits. Such limits shall comply with the restrictions on the use of the digital euro as a store of value established pursuant to Article 16. The request shall specify the relevant territories and categories of users under the jurisdiction of the requesting Member State or Member States and shall set out the grounds justifying the measure as well as the precise envisaged timeframe for its application.

2. The European Central Bank and Member States other than those submitting the request may provide their opinion on the proposed measure without undue delay and, in any event, within [24] hours of notification by the European Commission.

3. Where the circumstances referred to in Article 14(a) are present and the conditions laid down in this Article are fulfilled, the European Commission shall adopt an implementing act establishing the temporary increase of the offline digital euro payment transaction and holding limits, without undue delay and, in any event, within [48] hours of receiving the request referred to in paragraph 1. In the event of a negative decision, the European Commission shall state the reasons therefor. In adopting the implementing act, the European Commission shall take into account the principles laid down in Article 37(6).

4. The European Commission may also adopt such a measure on its own initiative. Paragraph 2 shall apply mutatis mutandis.

The measure shall cease to apply upon expiry of the timeframe set out in the Commission implementing act. In duly justified cases, where the circumstances referred to in Article 14(a) continue, change or cease to exist, the European Commission shall, without undue delay, adopt a new implementing act pursuant to paragraph 3 amending or repealing the measure.

Or. en

Amendment 958

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 16 a (new)

Text proposed by the Commission

Amendment

Article 16a

Transitional period

1. For the purposes of ensuring a staged and secure rollout of the digital euro payment system, while immediately enhancing the resilience of the payment system and facilitating the uptake of digital euro payment accounts by payment service providers and users, the holding limit applicable to users holding a digital euro account with a private payment services provider shall be set at zero euros, for a transitional period of two years after the first issuance of the digital euro.

2. The temporary limit referred to in paragraph 1 shall not apply to the designated entities referred to in Article 14b.

It shall apply without prejudice to the deferred batch defunding for merchants or to the temporary reservation of funds to enable conditional payments.

3. After the completion of the two years transition period, the European Central Bank shall set the holding limits in accordance with Article 16.

Or. en

Justification

In the first two years of rollout, it is suggested that private payment service providers only serve a pass-through access point to the digital euro settlement infrastructure for the sole purpose of enabling the user to execute and receive online digital euro payment transactions. Access to holdings and offline functionality would be granted by public authorities or designated entities acting under service of general economic interest obligations. Such a phased roll-out would allow actors to adapt to the new product and promote user trust in the digital euro ecosystem.

Amendment 959

Paulius Saudargas, Sandra Kalniete, Liudas Mažylis

Proposal for a regulation

Article 16 b (new)

Text proposed by the Commission

Amendment

Article 16b

Enhancing the distribution of the digital euro in exceptional circumstances

In the exceptional circumstances referred to in Article 14(a), and only for as long as necessary, a Member State may decide that one or more of the authorities or entities designated under Article 14(3)—provide temporary digital euro payment services and payment instruments.

Or. en

Amendment 960

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 17 – title

Text proposed by the Commission

Amendment

Fees on digital euro payment services

Fees and charges for the provision of digital euro payment services

Or. en

Amendment 961

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

Proposal for a regulation

Article 17 – paragraph -1 (new)

Text proposed by the Commission

Amendment

-1. No fees shall be charged to payers or payees. The zero-fee clause applies to both online and offline digital euro payment transactions and is essential to the legal tender status of the digital euro. Payment service providers may offer value-added services on commercial terms provided that basic digital euro payment functionality remains accessible without charge.

Or. en

Amendment 962

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

Proposal for a regulation

Article 17 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of ensuring an effective use of the digital euro as a legal tender means of payment, payment services providers shall not charge fees for the provision of mandatory digital euro payment services referred to in Annex II to natural persons referred to in Article 12a(1), points (a), (c) and (f), where such persons are using digital euro payment account services exclusively in their capacity as consumers. This is without prejudice to fees that the payment service providers may charge for the provision of other digital euro payment services.

Or. en

Amendment 963

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 17 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(2), without prejudice to any possible fees charged on other digital euro payment services, payment services providers shall not charge fees to natural persons as referred to in Article 13(1), points (a), (b) and (c), for the provision of the basic digital euro payment services referred to in Annexes II and IIa. To prevent the use of natural persons’ digital euro payment accounts for business purposes from being covered under the basic digital euro payment services in Annexes II and IIa, payment services providers shall be allowed to establish a proportionate limit on the number of received and issued payment transactions that are free-of-charge, and they shall be allowed to charge the exceeding ones according to paragraph 2 of this Article.

Or. en

Amendment 964

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 17 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(2), payment service providers shall not charge any fees, whether direct, indirect or bundled, to natural persons for the provision or use of the basic digital euro payment services referred to in Annex 2.

Or. en

Justification

This amendment strengthens the fee provisions by ensuring that all natural persons have free access to basic digital euro services, prohibiting both direct and indirect charges. It prevents financial exclusion, preserves the public-good character of the digital euro and ensures cost neutrality for citizens.

Amendment 965

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

Proposal for a regulation

Article 17 – paragraph 1

Text proposed by the Commission

Amendment

1. For the purpose of Article 15(2), without prejudice to any possible fees charged on value added digital euro payment services, payment services providers shall not charge fees to natural persons as referred to in Article 13(1), points (a), (b) and (c), for the provision of the basic digital euro payment services referred to in Annex 2.

Or. en

Amendment 966

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 17 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 967

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 1

Text proposed by the Commission

Amendment

Or. en

Amendment 968

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

Proposal for a regulation

Article 17 – paragraph 1 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

By derogation from the first subparagraph, payment service providers may charge a reasonable fee for the provision of an additional payment instrument that is provided upon request of the user as referred to in Annex II(g). This reasonable fee shall only cover those functionalities that are already provided by the other payment instruments provided free of charge. Payment service providers may also charge reasonable fees for the mandatory services referred to in the first subparagraph insofar as they are provided as part of any additional digital euro payment account with the same payment service provider.

Or. en

Amendment 969

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

Proposal for a regulation

Article 17 – paragraph 1 – subparagraph 2 (new)

Text proposed by the Commission

Amendment

By derogation from the first subparagraph, payment service providers may charge a reasonable fee for funding and defunding digital euros from or into euro cash banknotes and coins. Such a charge shall not exceed the lowest amount charged by the payment service provider to the respective consumer for funding and defunding a non-digital euro payment account from or to euro banknotes and coins.

Or. en

Amendment 970

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

Proposal for a regulation

Article 17 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. No additional services shall be added in the future to the list of basic digital euro services.

Or. en

Amendment 971

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

Proposal for a regulation

Article 17 – paragraph 2

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality. Any merchant service charge or inter-PSP fee shall not exceed the lowest of the following two amounts:

deleted

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

(b) fees or charges requested for comparable digital means of payment.

Or. en

Amendment 972

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 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-payment service provider fee in relation to online digital euro payment transactions shall comply with the principle of proportionality. Any inter-payment service provider fee or merchant service charge levied by a payment service provider on a payment service provider or merchant in respect to online digital euro payment services shall not be higher than the inter-payment service provider fee or merchant service charge levied by that payment service provider on that specific payment service provider or merchant for the most price competitive comparable mean of payment.

Or. en

Amendment 973

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

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. During a transitional period, merchant service charges and inter-PSP fees shall be subject to caps, pursuant to Article 15(2), and these caps shall be governed by Article 17a. After the end of the transitional period, when the Commission adopts an implementing decision pursuant to Article 17c(2) or no later than ten years after the first issuance of the digital euro, these caps shall be governed by paragraph 2a to 4.

Or. en

Amendment 974

Markus Ferber

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality.

Or. en

Amendment 975

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality.

Or. en

Amendment 976

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality and non-discrimination. Any merchant service charge or inter-PSP fee shall be lower by a reasonable amount than the lowest of the following two amounts:

Or. en

Amendment 977

Regina Doherty

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality. Merchant service charges shall be set in direct negotiations between PSPs and merchants and shall not exceed the lowest of the following two amounts:

Or. en

Amendment 978

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 17 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. For the purpose of Article 15(2), any merchant service charge or inter-PSP fee in relation to digital euro payment transactions shall comply with the principle of proportionality and non-discrimination. Any merchant service charge or inter-PSP fee shall be uniformly applied in the euro area and not exceed the lowest of the following two amounts:

Or. en

Amendment 979

Markus Ferber

Proposal for a regulation

Article 17 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

deleted

Or. en

Amendment 980

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

deleted

Or. en

Amendment 981

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 17 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

deleted

Or. en

Amendment 982

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

Proposal for a regulation

Article 17 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

deleted

Or. en

Amendment 983

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

Proposal for a regulation

Article 17 – paragraph 2 – point a

Text proposed by the Commission

Amendment

(a) the relevant costs incurred by payment services providers for the provision of digital euro payments, including a reasonable margin of profit;

deleted

Or. en

Amendment 984

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

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

deleted

Or. en

Amendment 985

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

deleted

Or. en

Amendment 986

Markus Ferber

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

deleted

Or. en

Amendment 987

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 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

deleted

Or. en

Amendment 988

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

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

deleted

Or. en

Amendment 989

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

(b) fees or charges requested for international and domestic debit cards as well as instant payments usable at the point of interaction. The Commission, with the technical assistance of the European Central Bank, shall adopt delegated acts in accordance with Article 38 to set the reasonable amount referred to in this article. In determining such amount, the Commission shall take into account the level of scheme and settlement fees for international and domestic card schemes that are usable by consumers at the point of sale and in e-commerce. In so doing, the methodology should ensure that the compensation framework remains transparent, harmonised and proportionate to market conditions, while reflecting the absence of scheme and processing fees due to the public provision of the digital euro infrastructure.

Or. en

Amendment 990

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 2 – point b

Text proposed by the Commission

Amendment

(b) fees or charges requested for comparable digital means of payment.

(b) the fees or charges requested for international and domestic debit card transactions and for instant payment transactions usable at the point of interaction;

Or. en

Amendment 991

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 17 – paragraph 2 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

For the purpose of Article 15(2), any merchant service charge in relation to offline digital euro payment transactions shall comply with the principle of proportionality. Merchant service charges levied by a payment service provider on a merchant in respect of offline digital euro payment services shall not be higher than merchant service charges levied by that payment service provider on that merchant, with regard to the most price competitive comparable mean of payment.

Or. en

Amendment 992

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

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. By way of derogation from paragraph 2, no merchant service charge nor inter-PSP fee shall apply to low-value digital euro payment transactions made at physical points of sale for a transitional period of five years from the date of application of this Regulation. The Commission shall be empowered to adopt delegated acts pursuant to Article [Delegated Acts provision] to specify the monetary threshold or thresholds below which a digital euro payment shall be considered low-value for the purposes of this Article. When determining such threshold or thresholds, the Commission shall take the utmost account of:

(a) market data and the statistical distribution of transaction values in retail payments across the Union;

(b) consumer payment patterns, including the frequency and typical value of everyday purchases;

(c) the objectives of financial inclusion and cost-efficient acceptance of the digital euro by merchants, in particular micro and small enterprises; and

(d) the need to ensure that the acceptance of low-value digital euro payments is at least as economically advantageous for merchants as existing retail payment instruments.

The delegated acts shall establish one or more quantitative thresholds or criteria ensuring legal certainty, technical feasibility and full interoperability across the euro area.

Or. en

Amendment 993

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

The Commission shall be empowered to adopt delegated acts to specify the monetary threshold or thresholds below which a digital euro payment shall be considered low-value for the purposes of this Article.

When determining such threshold or thresholds, the Commission shall take the utmost account of:

(a) market data and the statistical distribution of transaction values in retail payments across the Union;

(b) consumer payment patterns, including the frequency and typical value of everyday purchases;

(c) the objectives of financial inclusion and cost-efficient acceptance of the digital euro by merchants, in particular micro and small enterprises; and

(d) the need to ensure that the acceptance of low-value digital euro payments is at least as economically advantageous for merchants as existing retail payment instruments. The delegated acts shall establish one or more quantitative thresholds or criteria ensuring legal certainty, technical feasibility and full interoperability across the euro area.

Or. en

Amendment 994

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. By way of derogation from paragraph 2, payment service providers shall not apply any merchant service charge nor inter-PSP fees to legal entities for low-value digital euro payment transactions executed at the physical point of interaction. This derogation shall apply for an initial period of three years from the date of application of this Regulation. For this purpose, the European Central Bank shall specify a monetary threshold below which a digital euro payment transaction shall be considered low-value. The European Central Bank may revise that threshold and may extend the duration of the derogation, where justified in light of market developments and user needs.

Or. en

Amendment 995

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

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. The zero-fee clause established in Article 17(1) shall ensure that:

(a) natural persons and legal entities can hold, transfer, and receive digital euros without direct transaction costs;

(b) merchants accepting digital euro payments bear no acquiring fees for basic payment acceptance;

(c) payment service providers may not impose indirect charges through account maintenance fees, minimum balance requirements, or similar mechanisms tied to digital euro usage.

Or. en

Amendment 996

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

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. After the end of the transitional period, any merchant service charge and inter-PSP fee shall not exceed the relevant costs incurred by payment services providers for the provision of digital euro payment services, including a reasonable margin of profit. These limits shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 997

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. The total Merchant Service Charge (MSC) shall not exceed 0,1% of the transaction value, capped at 0.04 EUR per transaction and the inter-PSP fee shall be half of the total MSC.

Or. en

Justification

With no scheme fees and no counterparty risk, the digital euro’s MSC should be well below that of private schemes. A flat fee offers possible economies of scale, avoids administrative burden, and align with the best eurozone rates. An affordable digital euro is a political commitment to small merchant empowerment and will drive adoption

Amendment 998

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

Proposal for a regulation

Article 17 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2b. Payment service providers may offer value-added services including but not limited to:

(a) enhanced transaction analytics and reporting beyond basic transaction history;

(b) expedited settlement guarantees beyond standard processing times;

(d) automated reconciliation and specialized accounting tools;

(e) premium customer support services beyond basic assistance.

Or. en

Amendment 999

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

Proposal for a regulation

Article 17 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2b. The Commission, with the technical assistance of the European Central Bank, shall be empowered, by means of implementing acts, to determine, publish and periodically review the caps referred to in paragraph 2a by applying the methodology set out in Article 17b. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 39.

Or. en

Amendment 1000

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 b (new)

Text proposed by the Commission

Amendment

2b. Offline digital euro transactions shall not exceed 0.05% of the transaction value, capped at 0.02 EUR per transaction.

Or. en

Justification

Since offline transactions are executed without the involvement of inter-PSP communication, no inter-PSP charge applies.

Amendment 1001

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 2 c (new)

Text proposed by the Commission

Amendment

2c. By way of derogation from paragraphs 2a and 2b, the European Central Bank may introduce a transitional period not exceeding two years during which the applicable fees may be set at a higher level than the level set in this Article.

Or. en

Amendment 1002

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The European Central Bank shall regularly monitor the information that is relevant for the purposes of the amounts referred to in paragraph 2, and publish periodically the amounts resulting from that monitoring with an explanatory report.

deleted

Or. en

Amendment 1003

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

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 1004

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

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The European Central Bank shall:

Or. en

Amendment 1005

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 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The Commission, in collaboration with the European Central Bank, shall regularly monitor the information on the fees or charges requested for comparable means of payment as well as the merchant service charges levied on digital euro transactions and publish periodically the amounts resulting from that monitoring with an explanatory report.

Or. en

Amendment 1006

Luděk Niedermayer

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The European Central Bank shall monitor the information that is relevant for the purposes of the amounts referred to in paragraph 2, and shall publish at least every two years the amounts resulting from that monitoring with an explanatory report.

Or. en

Amendment 1007

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The European Central Bank shall regularly monitor the information that is relevant for the purposes of calculating the amounts of the inter-PSP fees and the merchant service charges referred to in paragraph 2, collect the related data, including data on the merchant service charge applied to microenterprises and self-employed professionals, and publish periodically the amounts resulting from that monitoring with an explanatory report pursuant to Article 40.

Or. en

Amendment 1008

Regina Doherty

Proposal for a regulation

Article 17 – paragraph 3

Text proposed by the Commission

Amendment

3. The European Central Bank shall regularly monitor the information that is relevant for the purposes of the amounts referred to in paragraph 2, including the level of fees, and publish periodically the amounts resulting from that monitoring with an explanatory report.

Or. en

Amendment 1009

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

Proposal for a regulation

Article 17 – paragraph 3 – point a (new)

Text proposed by the Commission

Amendment

(a) regularly collect the information that is relevant for the purposes of calculating the caps referred to in paragraph 2a;

Or. en

Amendment 1010

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

Proposal for a regulation

Article 17 – paragraph 3 – point b (new)

Text proposed by the Commission

Amendment

(b) periodically provide the Commission with the data that are necessary for calculating the caps referred to in paragraph 2a; and

Or. en

Amendment 1011

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

Proposal for a regulation

Article 17 – paragraph 3 – point c (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 1012

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

Proposal for a regulation

Article 17 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. Any fees for value-added services shall be:

(a) clearly disclosed in advance and separately itemized from basic services;

(b) subject to negotiation between the payment service provider and customer;

(d) proportionate to the actual additional value provided.

Or. en

Amendment 1013

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

Proposal for a regulation

Article 17 – paragraph 4

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 1014

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 17 – paragraph 4

Text proposed by the Commission

Amendment

4. The Commission may require payment service providers to provide all information necessary for the application of this Article and to verify compliance with it. Any information requested shall be sent by payment service providers within the time limit set by the Commission. The Commission may require that such information is certified by an independent auditor.

Or. en

Amendment 1015

Regina Doherty

Proposal for a regulation

Article 17 – paragraph 4

Text proposed by the Commission

Amendment

4. The European Central Bank may require payment service providers to provide all information necessary for the application of this Article and to verify compliance with it. The information requested by the ECB must be proportionate and directly relevant for its monitoring of compliance. No specific pricing models and methodologies are to be requested by the ECB, in compliance with Union law. Any information requested shall be sent by payment service providers in a timely manner set by the European Central Bank. The European Central Bank may require that such information is certified by an independent auditor.

Or. en

Amendment 1016

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 4

Text proposed by the Commission

Amendment

4. The European Central Bank may require payment service providers to provide all information necessary for the application of this Article and to verify compliance with it. Any information requested shall be sent by payment service providers within the time limit set by the European Central Bank. The European Central Bank may also specify the format, frequency and technical standards for the transmission of the requested information. The European Central Bank may require that such information is certified by an independent auditor and may carry out further verifications, including off-site reviews.

Or. en

Amendment 1017

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 17 – paragraph 4

Text proposed by the Commission

Amendment

4. The Commission, with the technical assistance of the European Central Bank, may require payment service providers to provide all information necessary for the application of this Article and to verify compliance with it. Any information requested shall be sent by payment service providers within the time limit set by the Commission, with the technical assistance of the European Central Bank. The Commission, with the technical assistance of the European Central Bank, may require that such information is certified by an independent auditor

Or. en

Amendment 1018

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. Where the information referred to in paragraph 4 concerns personal data, the European Central Bank shall require only the data that is strictly necessary for the purposes of the processing, in full implementation of the principle of data minimisation.

The requests for information by the ECB shall always be in writing, reasoned and occasional, and shall not concern the entirety of a filing system or lead to the interconnection of filing systems.

Or. en

Amendment 1019

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(b) the reasonable margin of profit included in the maximum amount referred to in paragraph 2(a), shall be calculated on the basis of the margin of profit of the payment service providers charging the lowest margin of profit representing collectively one fourth of the digital euro distributed in the euro area in a given year, as reported to the European Central Bank by payment service providers;

(c) the amount of inter-PSPs fees and merchant service charges as referred to in paragraph 2(b) shall be based on a representative group of payment services providers providing comparable digital means of payment in the euro area;

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1020

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

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1021

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

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1022

Markus Ferber

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Justification

The ECB should not become the de-facto industry price-setter.

Amendment 1023

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1024

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

Proposal for a regulation

Article 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1025

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 17 – paragraph 5

Text proposed by the Commission

Amendment

5. The methodology to be developed by the European Central Bank for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3 shall be based on the following parameters:

deleted

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

Or. en

Amendment 1026

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

Proposal for a regulation

Article 17 – paragraph 5 – point a

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 1027

Fabio De Masi

Proposal for a regulation

Article 17 – paragraph 5 – point a

Text proposed by the Commission

Amendment

(a) the amount of inter-PSP fees and merchant service charges as referred to in paragraph 2(a) shall be based on the relevant costs incurred for providing digital euro payment services by the most cost-efficient payment service providers representing collectively one fourth of digital euro distributed across the euro area in a given year, as reported to the European Central Bank by payment service providers, including a reasonable margin of profit; The costs for retailers shall be significantly lower than those charged by established credit card providers. The Commission shall be responsible for ensuring that lower fees and merchant service charges are passed on to final consumers.

Or. de

Amendment 1028

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 5 – point a

Text proposed by the Commission

Amendment

Or. en

Amendment 1029

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

Proposal for a regulation

Article 17 – paragraph 5 – point b

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 1030

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 5 – point b

Text proposed by the Commission

Amendment

(b) the reasonable margin of profit included in the maximum amount referred to in paragraph 2(a), shall be calculated on the basis of the margin of profit of the payment service providers charging the lowest margin of profit representing collectively at least one fourth of the digital euro distributed in the euro area in a given year, as reported to the European Central Bank by payment service providers;

Or. en

Amendment 1031

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 17 – paragraph 5 – point b

Text proposed by the Commission

Amendment

(b) the reasonable margin of profit included in the maximum amount referred to in paragraph 2(a), shall be calculated on the basis of the margin of profit of the payment service providers charging the lowest margin of profit representing collectively at least one fourth of the digital euro distributed in the euro area in a given year, as reported to the European Central Bank by payment service providers;

Or. en

Amendment 1032

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

Proposal for a regulation

Article 17 – paragraph 5 – point c

Text proposed by the Commission

Amendment

deleted

Or. en

Amendment 1033

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 5 – point c

Text proposed by the Commission

Amendment

(c) the amount of inter-PSPs fees and merchant service charges as referred to in paragraph 2(b) shall be based on a representative group of payment services providers providing payment instruments offering equivalent point-of-interaction functionality, including debit card and instant payment transactions, in the euro area;

Or. en

Amendment 1034

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 17 – paragraph 5 – point c

Text proposed by the Commission

Amendment

(c) the amount of inter-PSPs fees and merchant service charges as referred to in paragraph 2(b) shall be based on a representative group of payment services providers providing international and domestic debit cards as well as instant payments usable at the point of interaction in the euro area;

Or. en

Amendment 1035

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

Proposal for a regulation

Article 17 – paragraph 5 – point d

Text proposed by the Commission

Amendment

(d) the amounts referred to in paragraph 2 shall be uniform and applied in a non-discriminatory manner across the euro area.

deleted

Or. en

Amendment 1036

Auke Zijlstra

Proposal for a regulation

Article 17 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. The European Central Bank in cooperation with payment service providers shall develop a methodology for the monitoring and the calculations of the amounts referred to in paragraphs 2 and 3. This methodology shall respect the principle of an open market economy with free competition, in accordance with Article 127(1) of the Treaty on the Functioning of the European Union.

Or. en

Amendment 1037

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

Proposal for a regulation

Article 17 – paragraph 6

Text proposed by the Commission

Amendment

6. The merchant service charge shall be the only charge per transaction that payment service providers may apply to merchants. Payment service providers shall not charge merchants for the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4). Payment service providers shall include costs associated with funding and defunding in the relevant costs referred to in paragraph 2(a).

deleted

Or. en

Amendment 1038

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 17 – paragraph 6

Text proposed by the Commission

Amendment

6. The merchant service charge shall incorporate all the fees and charges charged to the merchant in relation with the provision of acquiring services and, regardless of their price structure, be expressed as a percentage of the total monetary amount transacted in a given period of time. Payment service providers shall not charge merchants for the automatic defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4) when the defunding goes to a non-digital euro payment account held with the same payment service provider. Payment service providers shall not charge merchants for the front-end services included in Annexes II and IIa.

Or. en

Amendment 1039

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

Proposal for a regulation

Article 17 – paragraph 6

Text proposed by the Commission

Amendment

6. The merchant service charge shall be the only charge that payment service providers may apply to merchants for the provision of mandatory acquiring services included in Annex II(a), except dispute services. Payment service providers may charge a fee for dispute services as long as it does not exceed the fee charged for such service for a comparable means of payment. Payment service providers shall not charge merchants any additional fees for the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13a(3). Payment service providers shall include costs associated with funding and defunding in the relevant costs referred to in paragraph 2(a).

Or. en

Amendment 1040

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 6

Text proposed by the Commission

Amendment

Or. en

Amendment 1041

Auke Zijlstra

Proposal for a regulation

Article 17 – paragraph 6

Text proposed by the Commission

Amendment

6. For the purpose of implementing the ‘no worse off’ cap to the merchant service charge acquiring payment service providers shall disclose to their clients with acceptance obligations information on the fees charged for the provision of acquiring services with the most convenient comparable means of payment.

Or. en

Justification

Pricing methodologies for comparable means of payment may be different between payees, between payment service providers and between countries. Due to the existence of a wide range of fee structures for comparable means of payment, imposing a standardised methodology to calculate an equivalent merchant service charge seems inconsistent and might cause unintended consequences, ending up creating different pricing structures for comparable means of payment, including the digital euro, which is exactly what the clause is trying to avoid.

Amendment 1042

Pasquale Tridico

on behalf of The Left Group

Gaetano Pedulla'

Proposal for a regulation

Article 17 – paragraph 6

Text proposed by the Commission

Amendment

Or. en

Amendment 1043

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

Proposal for a regulation

Article 17 – paragraph 7

Text proposed by the Commission

Amendment

7. No inter-PSP fee shall apply to the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4).

deleted

Or. en

Amendment 1044

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 17 – paragraph 7

Text proposed by the Commission

Amendment

7. No inter-PSP fee shall apply to the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4).

deleted

Or. en

Justification

This service is free of charge in accordance with paragraph 1 of this Article.

Amendment 1045

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 17 – paragraph 7

Text proposed by the Commission

Amendment

7. No inter-PSP fee shall apply to the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4).

7. For the purposes of determining the compensation between payment service providers for offline digital euro transactions, a proxy-based allocation mechanism shall apply. Under this proxy-based allocation mechanism, acquiring payment service providers shall transfer the applicable inter-PSP fee to a common inter-PSP pool managed by the European Central Bank. The amounts accumulated in that pool shall be redistributed to distributing payment service providers in proportion to the funding and defunding services they provide in relation to offline digital euro transactions. The detailed methodology for the proxy-based allocation mechanism and for the calculation of the redistribution referred to in this paragraph shall be laid down in an implementing act adopted by the Commission, after consulting the European Central Bank.

Or. en

Amendment 1046

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

Proposal for a regulation

Article 17 – paragraph 7

Text proposed by the Commission

Amendment

7. No inter-PSP fee shall apply to the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4).

7. No inter-PSP fee shall apply to the funding and defunding from or to merchants’ digital euro payment account. For funding and defunding from and into cash, any fee that may be charged shall be objectively justified and proportionate and, in any event, shall not exceed the lowest amount charged by the payment service provider to the respective distributing payment service provider for funding and defunding a non-digital euro payment account from or to euro cash.

Or. en

Amendment 1047

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 17 – paragraph 7

Text proposed by the Commission

Amendment

7. No inter-PSP fee shall apply to the funding and defunding of the digital euro, including digital euro payment transactions referred to in Article 13(4).

7. No inter-payment service providers fee shall apply to offline digital euro transactions or to the funding and defunding of online digital euro accounts from or to a non-digital euro payment account held with the same payment service provider.

Or. en

Amendment 1048

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 17 – paragraph 7 a (new)

Text proposed by the Commission

Amendment

7a. Merchant fees for digital euro transactions shall not exceed those applicable to cash or debit card payments.

Or. en

Justification

This amendment protects merchants, particularly SMEs, from disproportionate or distortive fee structures and ensures that the digital euro remains a cost-effective payment method compared to widely used alternatives such as cash and debit cards.

Amendment 1049

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

Proposal for a regulation

Article 17 a (new)

Text proposed by the Commission

Amendment

Article 17a

Zero fees clause non circumvention

1. Payment service providers shall not impose, indicatively but not exclusively, account maintenance fees, inactivity fees, minimum balance requirements, or similar charges on digital euro accounts or offline digital euro devices used for basic payment services.

2. Payment service providers shall not bundle basic digital euro services with fee-bearing services in a manner that makes it impossible or unreasonably difficult for users to access basic services without charge.

3. Payment service providers shall not discriminate against users or merchants who utilize only basic zero-fee services through reduced service quality, delayed processing, or other means to prevent circumvention.

4. Member States' competent authorities shall monitor compliance and impose effective, proportionate, and dissuasive penalties for violations, including orders to refund improperly charged fees with interest.

5. Additional services beyond the basic digital euro services, shall be provided by common agreement of the Parties.

6. The cost of equipment and service levels shall be subject to the right to contract and subject to agreements between the transacting parties. No ad valorem charge shall be applied in relation to the provision of basic digital euro services. No ad valorem charge shall be applied with relation to any additional services, without an existing contractual agreement.

7. The European Central Bank may issue guidance on the distinction between basic services and value-added services to prevent circumvention.

8. The European Commission shall monitor compliance with the zero-fee clause.

Or. en

Amendment 1050

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

Proposal for a regulation

Article 17 a (new)

Text proposed by the Commission

Amendment

Article 17a

Fees on digital euro payment services during a transitional period

1. During a transitional period of a minimum of five years from the first issuance of the digital euro and or until the implementing decision provided for in Article 17c has been adopted by the Commission, the caps on the inter-PSP fee and on the merchant service charge applicable to the mandatory digital euro payment services shall be determined in accordance with this Article. In any event, the transitional period shall not exceed ten years from the first issuance of the digital euro.

2. The Commission, with the technical assistance of the European Central Bank, shall, by means of implementing acts, be empowered to determine, publish and periodically review the euro-area uniform caps for both the inter-PSP fee and the merchant service charge and the national caps for both the inter-PSP fee and of the merchant service charge based on fees for comparable means of payment in accordance with the methodology referred to in Article 17b. Those implementing acts shall be adopted in accordance with Article 39.

3. The European Central Bank shall:

(a) regularly collect, together with national central banks where appropriate, the information that is relevant for the purposes of calculating the caps referred to in paragraph 2;

(b) periodically provide the Commission with the data that are necessary for calculating the caps referred to in paragraph 2; and

4. The euro-area uniform caps referred to in paragraph 2 shall apply throughout the euro-area.

5. By way of derogation from paragraph 4, where a national cap for the inter-PSP fee or the merchant service charge, or for both, is lower than the euro area uniform cap, the national cap shall apply to transactions where the place of establishment of the payee is located in that Member State, provided that the deviation from the euro area uniform cap is statistically significant. The Commission shall define whether the difference is statistically significant with the technical assistance of the European Central Bank, in the framework of the methodology referred to in Article 17b.

Or. en

Amendment 1051

Dirk Gotink

Proposal for a regulation

Article 17 a (new)

Text proposed by the Commission

Amendment

Article 17a

Fees on digital euro payment services in the period of transition

1. During the period of transition of at least five years from first issuance of the digital euro and until the decision to move to the cost-based compensation model via the adoption of an implementing act, the caps on the inter-PSP fee and on the merchant service charge applicable to the mandatory digital euro payment services shall be determined in accordance with this Article.

2. The European Central Bank shall calculate, in accordance with the methodology referred to in Article 17, the uniform euro-area caps for the inter-PSP fee and the merchant service charge, and the national caps for the inter-PSP fee and the merchant service charge for comparable means of payment.

3. The uniform euro-area caps shall apply everywhere in the euro-area.

4. By way of derogation from paragraph 3, where a national cap for the inter-PSP fee and/or the merchant service charge is lower than the uniform euro-area cap, the national cap shall apply to transactions taking place in the respective Member State, provided that the deviation from the uniform euro-area cap is significant in statistical terms. The Commission shall, assisted by the ECB, define whether the difference is significant.

Or. en

Amendment 1052

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 17 a (new)

Text proposed by the Commission

Amendment

Article 17a

The compensation regime of Article 17 shall enter into force after a transitional period of three years, during which the relevant costs pursuant Article 17(2) point (a) shall be defined. During the first three years from the issuance of the digital euro the compensation regime for payment service providers involved in the digital euro distribution shall be based on a uniform cap to the average inter-PSP fee and the merchant service charge requested for comparable digital means of payment. The Commission, with the technical assistance of the ECB, shall adopt delegated acts in accordance with Article 38 to set the thresholds under which a digital euro payment shall be considered low value for the purposes of the paragraph above. In determining such threshold, the Commission shall take account of:

(a) market data and the statistical distribution of transaction values in retail payments across the Union;

(b) frequency and value of everyday purchases;

(c) the objectives of ensuring financial inclusion and promoting cost-efficient acceptance of the digital euro by merchants, in particular micro and small enterprises; and

(d) the need to guarantee that the acceptance of low value digital euro payments remains at least as, or more, economically convenient for merchants than existing comparable digital means of payment.

The Commission shall publish and periodically review the thresholds identifying the low value digital euro transactions.

Or. en

Amendment 1053

Auke Zijlstra

Proposal for a regulation

Article 17 a (new)

Text proposed by the Commission

Amendment

Article 17a

Derogation for national caps for the inter-PSP fee and merchant service charge which are lower than the euro-area uniform cap

1. The euro-area uniform caps for both the inter-PSP fee and the merchant service charge and the national caps for both the inter-PSP fee and of the merchant service charge for comparable means of payment shall be calculated by the European Central Bank in accordance with the methodology referred to in Article 17.

2. The euro-area uniform caps shall apply throughout the euro area.

3. By way of derogation from paragraph 2 where a national cap for the inter-PSP fee or the merchant service charge, or for both, is lower than the euro-area uniform cap, the national cap shall apply to transactions taking place in that Member State.

Or. en

Justification

The current payments landscape in the Euro area is heterogeneous and fragmented. Introducing only a Euro Area average cap would not provide the necessary protection to merchants in Member States for which average fees are lower than the Euro Area average cap. This could harm the support base amongst merchants in those Member States and the success of the digital euro during an initial phase. Lower national caps provides the necessary protection for merchant in this case.

Amendment 1054

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

Proposal for a regulation

Article 17 b (new)

Text proposed by the Commission

Amendment

Article 17b

Methodology for calculating the fee caps

1. A methodology for calculating caps for the purpose of Articles 17 and 17a and collecting the necessary data, also for the purpose of conducting the evaluation pursuant to Article 17c shall be established in accordance with the requirements in this Article.

2. The calculation of fee caps for the purpose of Article 17 shall be based on a statistically representative group of cost-efficient payment service providers representative of national payments market. The cost-efficiency shall be measured by reference to the average cost per transaction for the provision of digital euro services in accordance with Annex II and IIa.

3. The methodology for calculating the fee caps for the purpose of Article 17 and collecting the necessary data, also for the purpose of conducting the evaluation pursuant to Article 17c shall include the following accounting and reporting requirements:

(a) the information to be provided by payment service providers;

(b) accounting methods which ensure a transparent and reliable recording of costs and data transmission that can be attributed to the digital euro;

(d) the format and frequency of the reporting.

4. For the purpose of paragraph 3, the European Central Bank or, where appropriate, national central banks shall collect and aggregate the relevant unit cost data and profit margins from the statistically representative sample of cost-efficient PSPs referred to in paragraph 2. The European Central Bank shall aggregate such data and share the aggregated data with the Commission.

5. The methodology for calculating fee caps for the purpose of Article 17a shall:

(a) be based on means of payments covering both international and domestic debit card schemes that are usable at the point of sale and in e-commerce;

(b) provide that only consumer debit card schemes complying with the characteristics referred to in point (a) shall be included in the calculation;

(c) provide that the calculation shall be based on the weighted average fee level based on volume of the inter-PSP fee and the merchant service charge applied to the means of payment referred to in points (a) and (b) during the preceding twelve-month period, relative to the aggregate value of payment transactions in that period;

(d) ensure the equal distribution to payment service providers and users the gains for payment service providers arising from the Eurosystem not charging payment service providers for the costs it bears to support the provision of digital euro services to digital euro users;

(e) include the information to be provided by payment service providers; and

(f) include the format and frequency of the reporting to be provided.

The methodology shall include the criteria to assess the representativeness of payment service providers. To that end, the Commission shall consult the European Central Bank and the national competent authorities.

The methodology shall also include a definition of the threshold for determining the existence of a statistical significance for the purpose of Article 17a(4), ensuring that minor statistical deviations do not affect uniform application.

6. For the purpose of paragraph 5, the European Central Bank and national central banks shall collect and aggregate relevant fee data from a statistically representative sample of payment service providers offering services for the means of payment referred to in Article 17a(5) and the European Central Bank shall aggregate such data and may validate such data with merchants receiving those services.

The data collection shall take place on an annual basis to enable the regular recalibration of the fee caps. The European Central Bank shall publish aggregated data on fee levels annually to promote market transparency and support well-functioning market conditions.

7. Payment service providers shall provide to the European Central Bank and national central banks all information necessary for the application of this Article. Any information requested shall be sent by payment service providers within a reasonable time limit set by the European Central Bank or national central banks. The European Central Bank or national central banks may require that such information is certified by an independent auditor.

8. For the purpose of establishing uniform conditions of application of this Article, the Commission shall, no later than one year from the entry into force of this Regulation, adopt the methodology by means of implementing acts adopted in accordance Article 39(2). The Commission shall consult the European Central Bank on a draft of the methodology.

Or. en

Amendment 1055

Marco Falcone, Herbert Dorfmann, Fulvio Martusciello

Proposal for a regulation

Article 17 b (new)

Text proposed by the Commission

Amendment

Article 17b

1. By 10 years from the issuance of the digital euro, provided that sufficient and reliable cost data for digital euro transactions are available in an accurate, harmonised and verifiable manner, and that the average unit costs and volume of total digital euro transactions have stabilised after the consumers’ adoption period, the Commission, after consulting the European Central Bank, shall carry out a review and submit a report to the European Parliament and to the Council to evaluate whether the compensation model referred to in Article 17 shall be replaced with a cost-based compensation model.

2. If a cost-based compensation model is deemed to provide lower costs for merchants, greater efficiency and competition in the payment markets and avoids cross-subsidies among different merchants’ business models or within the European payments ecosystem, the Commission shall recalibrate the model of fees and charges for the provision of digital euro payment services.

3. The report referred to in paragraph 1 of this Article shall include a comparison between the fees and charges that could result in a cost-based compensation model, including a reasonable margin of profit, and the data collected pursuant to Article 17(3).

4. The reasonable margin of profit referred to in paragraph 3 shall be calculated based on the profit margin applied by those payment service providers charging the lowest margins distributed in the euro area in a given year, as reported to the Commission by a statistically representative sample of payment service providers.

5. The European Central Bank may require payment service providers to provide all information necessary for the application of this Article and to verify compliance with it. Any information requested shall be sent by payment service providers within the time limit set by the European Central Bank. The European Central Bank may require that such information is certified by an independent auditor.

Or. en

Amendment 1056

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

Proposal for a regulation

Article 17 c (new)

Text proposed by the Commission

Amendment

Article 17c

Evaluation

1. Five years after the first issuance of the digital euro, the Commission shall assess if the following conditions are met:

(a) sufficient and reliable data on payment service providers’ costs incurred for the provision of digital euro payment services are available;

(b) average unit costs are sufficiently stable; and

(c) the application of the fee cap based on actual costs can be expected to achieve the objectives set out in Article 15(2).

2. Where the conditions referred to in paragraph 1 are met, the Commission shall adopt an implementing act to that end in accordance with Article 39(2).

3. If, based on the evaluation, the Commission concludes that the conditions set out in paragraph 1 are not complied with, it shall provide the reasons for such conclusion.

4. If the conditions set out in paragraph 1 are not met, the Commission shall conduct the evaluation on a yearly basis, up to a maximum of five years. In any event, ten years after the first issuance of the digital euro, the caps in accordance with the first subparagraph of Article 17(2) shall apply automatically.

5. The European Central Bank shall provide technical assistance to the Commission by means of collecting, aggregating and validating data for the purposes of this Article. Such data shall be updated annually by the European Central Bank and published in aggregated form to promote transparency and well-functioning market conditions.

Or. en

Amendment 1057

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

Proposal for a regulation

Article 17 d (new)

Text proposed by the Commission

Amendment

Article 17d

Compensation for offline digital euro payment transactions

1. The merchant service charge and inter-PSP fee caps referred to in Articles 17 and 17a shall equally apply to offline digital euro payment transactions.

2. For the purposes of determining the compensation between payment service providers for offline digital euro payment transactions, a proxy-based allocation mechanism shall apply.

3. Under the mechanism referred to in paragraph 2, acquiring payment service providers shall transfer the applicable inter-PSP fee to a common inter-PSP pool managed by the European Central Bank. The amounts accumulated in that pool shall be redistributed to distributing payment service providers in proportion to the funding and defunding services they provide in relation to offline digital euro payment transactions.

4. The detailed methodology for the proxy-based allocation mechanism and for the calculation of the redistribution referred to in paragraph 3 shall be laid down in an implementing act adopted by the Commission in accordance with Article 39(2), after consulting the European Central Bank.

Or. en

Amendment 1058

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

Proposal for a regulation

Article 18 – paragraph 1

Text proposed by the Commission

Amendment

1. Payment service providers may only distribute the digital euro to natural and legal persons residing or established in a Member State whose currency is not the euro if the European Central Bank and the national central bank of that Member State have signed an arrangement to that effect.

Or. en

Amendment 1059

Luděk Niedermayer

Proposal for a regulation

Article 18 – paragraph 1

Text proposed by the Commission

Amendment

1. Payment service providers may distribute the digital euro only to natural and legal persons residing or established in a Member State whose currency is not the euro if the European Central Bank and the national central bank of that Member State have signed an arrangement to that effect.

Or. en

Amendment 1060

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

Proposal for a regulation

Article 18 – paragraph 2 – introductory part

Text proposed by the Commission

Amendment

2. The signing of the arrangement referred to in paragraph 1 shall be subject to all of the following conditions:

2. The signing of the agreement referred to in paragraph 1 shall be subject to all of the following conditions:

Or. en

Amendment 1061

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

Proposal for a regulation

Article 18 – paragraph 2 – point b – introductory part

Text proposed by the Commission

Amendment

(b) in its request, the Member State whose currency is not the euro has undertaken:

(b) in its request, the Member State whose currency is not the euro has undertaken to conclude an agreement with the European Central Bank that shall include at least the following requirements:

Or. en

Amendment 1062

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

Proposal for a regulation

Article 18 – paragraph 3

Text proposed by the Commission

Amendment

3. The agreement referred to in paragraph 1shall specify the necessary implementing measures and procedures, and the cases under which the agreement may be restricted, suspended, or terminated.

3. The agreement referred to in paragraph 1 shall specify the necessary implementing measures and procedures, and the cases under which the agreement may be restricted, suspended, or terminated, in particular where the third country has been identified as a third country with significant strategic deficiencies in its national anti-money laundering and combating the financing of terrorism regime as referred to in Article 23 of Regulation [please insert reference – proposal for Anti-Money Laundering Regulation - COM/2021/420 final] or as a third country with compliance weaknesses in its national anti-money laundering and combating the financing of terrorism regime as referred to in Article 24 of that Regulation or as a third country posing a threat to the Union’s financial system as referred to in Article 25 of that Regulation. That agreement shall be complemented by an arrangement between the European Central Bank and the national central bank and, where appropriate, the national competent authority of the third country.

Or. en

Amendment 1063

Luděk Niedermayer

Proposal for a regulation

Article 18 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. Where the European Central Bank refuses to sign the agreement referred to in paragraph 2, it shall provide the European Commission with a reasoned explanation of the grounds for such refusal. The European Commission shall assess whether those grounds are sufficient to justify the decision not to conclude the agreement. Member States whose currency is not the euro may decide not to sign the agreement referred to in paragraph 2.

Or. en

Amendment 1064

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

Proposal for a regulation

Article 19 – paragraph 2 – point c

Text proposed by the Commission

Amendment

(c) the third country ensures that intermediaries established or operating in the third country that distribute the digital euro are subject to supervisory and regulatory requirements, that are at least equivalent to those applied to payment service providers established in the Union.

Or. en

Amendment 1065

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

Proposal for a regulation

Article 20 – paragraph 2

Text proposed by the Commission

Amendment

2. Subject to further conditions that may be agreed upon between the Union and the third country or territory concerned, the distribution of the digital euro to natural and legal persons residing or established in third countries or territories governed by the monetary agreement referred to in paragraph 1 shall meet the requirements laid down in this Regulation.

2. Subject to further conditions that may be agreed upon between the Union and the third country or territory concerned, and subject to the conclusion of an agreement between the relevant third country’s central bank and the European Central Bank, the distribution of the digital euro to natural and legal persons residing or established in third countries or territories governed by the monetary agreement referred to in paragraph 1 shall meet the requirements laid down in this Regulation.

Or. en

Amendment 1066

Luděk Niedermayer

Proposal for a regulation

Article 21 – paragraph 1

Text proposed by the Commission

Amendment

1. Cross-currency payments between the digital euro and other currencies shall be subject to prior agreements between, on the one hand, the European Central Bank and, on the other hand, the national central banks of the Member States whose currency is not the euro and the third countries.

Or. en

Amendment 1067

Regina Doherty

Proposal for a regulation

Article 21 – paragraph 2

Text proposed by the Commission

Amendment

2. The European Central Bank shall cooperate with national central banks of Member States whose currency is not the euro to enable interoperable payments between the digital euro and other currencies.

2. The European Central Bank shall cooperate with national central banks of Member States whose currency is not the euro to enable interoperable payments to the extent that is possible between the digital euro and other currencies.

Or. en

Amendment 1068

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 21 – paragraph 2

Text proposed by the Commission

Amendment

2. The European Central Bank shall actively cooperate with national central banks of Member States whose currency is not the euro to enable interoperable payments between the digital euro and other currencies.

Or. en

Amendment 1069

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

Proposal for a regulation

Article 22 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) have usage and service features that are simple and easy to handle, including for persons with disabilities, functional limitations or limited digital skills, and older persons;

(a) have usage and service features that are accessible, visible, simple, free of charge and easy to handle including for persons with disabilities, functional limitations or limited digital skills, and older persons;

Or. en

Amendment 1070

Dirk Gotink

Proposal for a regulation

Article 22 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) have usage and service features that are simple and easy to handle, including for persons with disabilities, functional limitations or limited digital skills, and older persons;

(a) have usage and service features that are simple, accessible and easy to handle, including for persons with disabilities, functional limitations or limited digital skills, and older persons;

Or. en

Amendment 1071

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

Proposal for a regulation

Article 22 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) be accessible for persons with disabilities by complying with the accessibility requirements laid down in Annex I of Directive 2019/882.

(b) be accessible, free of charge, for persons with disabilities by complying with the accessibility requirements laid down in Annex I of Directive 2019/882.

Or. en

Amendment 1072

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 22 – paragraph 1 – point b a (new)

Text proposed by the Commission

Amendment

(ba) be interoperable with any widely used payment functionalities, such as mobile wallets.

Or. en

Amendment 1073

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

Proposal for a regulation

Article 22 – paragraph 1 – point b a (new)

Text proposed by the Commission

Amendment

(ba) give consumers the choice to use an electronic hardware device or a physical card.

Or. en

Amendment 1074

Engin Eroglu

Proposal for a regulation

Article 22 – paragraph 2

Text proposed by the Commission

Amendment

2. In their relationships with their payment services providers for the provision of digital euro payment services, digital euro users shall not be required to have or open non-digital euro payment accounts or accept other non-digital euro products.

2. In their relationships with their payment services providers for the provision of digital euro payment services, digital euro users shall be required to have non-digital euro payment accounts.

Or. en

Amendment 1075

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 22 – paragraph 2

Text proposed by the Commission

Amendment

2. In their relationships with their payment services providers for the provision of digital euro payment services, digital euro users shall not be required to accept other non-digital euro products.

Or. en

Amendment 1076

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

Proposal for a regulation

Article 22 – paragraph 2

Text proposed by the Commission

Amendment

2. In their relationships with their payment services providers for the provision of digital euro payment services, digital euro users shall not be required or be faced with a default setting to have or open non-digital euro payment accounts or accept other non-digital euro products. The possibility to only use digital euro services without any other product or service from that same provider shall be offered in an accessible manner in line with paragraph 1.

Or. en

Amendment 1077

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 22 – paragraph 3

Text proposed by the Commission

Amendment

3. Each digital euro payment account shall have a unique digital euro payment account number.

3. Each digital euro payment account shall have a unique digital euro payment account number defined by the European Central Bank.

Or. en

Amendment 1078

Michalis Hadjipantela

Proposal for a regulation

Article 22 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. Payment service providers shall allow digital euro users that are natural persons acting as consumers the use of additional proxy aliases, upon request, in addition to the digital euro payment access number. The European Central Bank may facilitate the use of proxy aliases together with the unique digital euro payment access number, without having access to information on these proxy aliases. The European Central Bank may confer the task of facilitating the use of proxy aliases onto a provider of support services.

Or. en

Amendment 1079

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 22 – paragraph 4

Text proposed by the Commission

Amendment

4. Each digital euro payment account may be linked to one or more non-digital euro payment accounts that shall be designated by the digital euro user. For the purpose of Article 13(4), each digital euro payment account may only be linked to one non-digital payment account.

4. Each offline digital euro device may be linked to one or more non-digital euro payment accounts that shall be designated by the digital euro user.

Or. en

Amendment 1080

Christophe Gomart

Proposal for a regulation

Article 22 – paragraph 4

Text proposed by the Commission

Amendment

4. Each digital euro payment account may be linked to one or more non-digital euro payment accounts, held with the same payment service provider, that shall be designated by the digital euro user.

Or. fr

Amendment 1081

Engin Eroglu

Proposal for a regulation

Article 22 – paragraph 4

Text proposed by the Commission

Amendment

4. Each digital euro payment account may be linked to one non-digital euro payment account held by the same payment service provider that shall be designated by the digital euro user. For the purpose of Article 13(4), each digital euro payment account may only be linked to one non-digital payment account.

Or. en

Amendment 1082

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 22 – paragraph 4

Text proposed by the Commission

Amendment

4. Each online digital euro payment account may be linked to one or more non-digital euro payment accounts that shall be designated by the digital euro user. For the purpose of Article 13(4), each digital euro payment account may only be linked to one non-digital payment account.

Or. en

Amendment 1083

Michalis Hadjipantela

Proposal for a regulation

Article 22 – paragraph 4 a (new)

Text proposed by the Commission

Amendment

4a. Payment service providers may allow the use of digital euro payment account by more than one digital euro users.

Or. en

Amendment 1084

Markus Ferber

Proposal for a regulation

Article 22 – paragraph 5

Text proposed by the Commission

Amendment

5. Payment service providers shall allow the use of digital euro payment account by more than one digital euro users.

deleted

Or. en

Amendment 1085

Engin Eroglu

Proposal for a regulation

Article 22 – paragraph 5

Text proposed by the Commission

Amendment

5. Payment service providers shall allow the use of digital euro payment account by more than one digital euro users.

5. Payment service providers shall allow the use of digital euro payment account by more than one digital euro users, provided that each digital euro account is registered on the name of one user only.

Or. en

Amendment 1086

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

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Payment service providers that provide digital euro payment services shall make available to all digital euro users at least one physical and one non-physical mandatory payment instruments that allows them to make both online and offline digital euro payment transactions. Consumers shall be provided with one mandatory payment instrument free of charge. The consumer may choose which mandatory payment instrument shall be provided free of charge.

Or. en

Amendment 1087

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. The digital euro infrastructure shall include decentralised fallback mechanisms enabling continuity of payments in the event of central system failures, network outages or cyberattacks. Moreover, these fallback mechanisms should be able to mitigate dangers to the digital euro's cryptography aspect as this faces a constant danger due to sudden and rapid advancements in fast prime-factorization or the technology of quantum computers.

Or. en

Justification

Ensures robust payment resilience and operational continuity under adverse conditions by establishing decentralized fallback options. The inexplicable failure of the TARGET2 servers in February 2025 with two independent hardware components suddenly both failing, while never even one failed worldwide, is a clear warning. Moreover, the functioning of the cryptography aspect of CBDC heavily relies on mathematics not making major advances in the area of prime-factorization or quantum computers.

Amendment 1088

Dirk Gotink

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. The Commission shall develop guidelines to Member States on how to make sure that digital euro payment solutions are simple, accessible and easy to handle. These guidelines shall also cover communication about the digital euro to the users, to foster understanding and trust in the digital euro and the protection of privacy.

Or. en

Amendment 1089

Luděk Niedermayer, Dirk Gotink, Martine Kemp

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. The digital euro shall be introduced without unnecessary delay once it is technically ready and the relevant Union legislation is in place.

Or. en

Amendment 1090

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

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Digital euro users shall be able to choose whether their digital euro payments in proximity shall be online or offline by default.

Or. en

Amendment 1091

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Digital euro users shall be able to choose whether their digital euro payments in proximity shall be offline or online by default.

Or. en

Amendment 1092

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 22 – paragraph 5 a (new)

Text proposed by the Commission

Amendment

5a. Digital euro users shall have the possibility to determine whether proximity payments are, by default, executed offline or online.

Or. en

Amendment 1093

Luděk Niedermayer, Martine Kemp

Proposal for a regulation

Article 22 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. Before its full launch across the Union, including in Member States that have concluded an agreement pursuant to Article 18(2), the European Central Bank may carry out local or regional testing phases in order to confirm the robustness, security and operational readiness of the digital euro infrastructure.

Or. en

Amendment 1094

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 22 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. Digital euro users shall be able to establish an automated funding of their digital euro offline holdings, if the digital euro user’s device supports automated funding. Automated funding shall be without prejudice to the limits adopted pursuant to Article 37(5).

Or. en

Amendment 1095

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

Proposal for a regulation

Article 22 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. Digital euro users shall be able to establish an automated funding of their digital euro offline holding, if the digital euro user’s device supports automated funding. Automated funding shall be without prejudice to the limits adopted pursuant to Article 37.

Or. en

Amendment 1096

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 22 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. Digital euro users may enable automated funding of their offline digital euro holdings, provided that their device supports this functionality. Automated funding shall remain subject to the limits adopted pursuant to Article 37(5).

Or. en

Amendment 1097

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

Proposal for a regulation

Article 22 – paragraph 5 b (new)

Text proposed by the Commission

Amendment

5b. Digital euro users shall be able to choose whether their digital euro payments in proximity shall be online or offline by default.

Or. en

Amendment 1098

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

Proposal for a regulation

Article 22 – paragraph 5 c (new)

Text proposed by the Commission

Amendment

5c. Digital euro users shall be able to establish an automated funding of their digital euro offline holdings, if the digital euro user’s device supports automated funding. Automated funding shall be without prejudice to the limits adopted pursuant to Article 37(5).

Or. en

Amendment 1099

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 22 – paragraph 5 c (new)

Text proposed by the Commission

Amendment

5c. Payment service providers that provide digital euro payment services shall make available to all digital euro users mandatory payment instruments that allow them to make both online and offline digital euro payment transactions.

Or. en

Amendment 1100

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

Proposal for a regulation

Article 22 – paragraph 5 c (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 1101

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 22 – paragraph 5 c (new)

Text proposed by the Commission

Amendment

5c. Payment service providers that offer digital euro payment services shall provide all digital euro users with the mandatory payment instruments required for executing digital euro transactions in both online and offline modes.

Or. en

Amendment 1102

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

Proposal for a regulation

Article 22 – paragraph 5 d (new)

Text proposed by the Commission

Amendment

5d. Payment service providers that provide digital euro acquiring services shall enable their clients to accept digital euro payments via mandatory communication technologies. Payees subject to the mandatory acceptance of digital euro within the meaning of Article 7(3) shall not refuse digital euro payment transactions initiated via such communication technologies. The mandatory communication technologies shall be those that the European Central Bank prescribes as part of the detailed measures, rules and standards pursuant to Article 5(2) and in accordance with Article 28. This is without prejudice to additional, optional communication technologies that the European Central Bank may make available pursuant to Article 5(2).

Or. en

Amendment 1103

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 22 – paragraph 5 d (new)

Text proposed by the Commission

Amendment

Or. en

Amendment 1104

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 22 – paragraph 5 d (new)

Text proposed by the Commission

Amendment

5d. Payment service providers offering digital euro acquiring services shall ensure that their clients can accept digital euro payments through the mandatory communication technologies. Payees subject to the acceptance obligation under Article 7(3) shall not refuse digital euro transactions initiated through those technologies.

Or. en

Amendment 1105

Marco Falcone, Fulvio Martusciello

Proposal for a regulation

Article 22 – paragraph 5 e (new)

Text proposed by the Commission

Amendment

5e. The mandatory payment instruments and communication technologies referred to in paragraphs 8 and 9 shall be those that the European Central Bank prescribes as part of the detailed measures, rules and standards pursuant to Article 5(2). This is without prejudice to additional payment instruments and communication technologies that the European Central Bank may make available pursuant to Article 5(2).

Or. en

Amendment 1106

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 22 – paragraph 5 e (new)

Text proposed by the Commission

Amendment

5e. The mandatory payment instruments and communication technologies mentioned in paragraphs 8 and 9 shall correspond to those specified by the European Central Bank in the detailed measures, rules and standards adopted under Article 5(2). This does not affect the possibility for the European Central Bank to introduce further payment instruments or communication technologies pursuant to Article 5(2).

Or. en

Amendment 1107

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

Proposal for a regulation

Article 23 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be available for both online and offline digital euro payment transactions as of the first issuance of the digital euro.

deleted

Or. en

Amendment 1108

Luděk Niedermayer, Dirk Gotink, Martine Kemp

Proposal for a regulation

Article 23 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be available for both online and offline digital euro payment transactions as of the first issuance of the digital euro.

1. From its first issuance, the digital euro shall be available for both online and offline digital euro payment transactions at the same time.

Or. en

Amendment 1109

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 – paragraph 1

Text proposed by the Commission

Amendment

1. The digital euro shall be available for both online and offline digital euro payment transactions as of the first issuance of the digital euro.

1. The digital euro shall be available for online digital euro payment transactions as of the first issuance of the digital euro.

Or. en

Amendment 1110

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 – paragraph 1 – subparagraph 1 (new)

Text proposed by the Commission

Amendment

The digital euro shall be available for offline digital euro transactions when the technical infrastructure allows for it, but no later than 12 months following the first issuance of the digital euro.

Or. en

Amendment 1111

Dirk Gotink

Proposal for a regulation

Article 23 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. There shall be no conditionality, in the form of a market test or in any other form, to the availability of the online or offline version of the digital euro.

Or. en

Amendment 1112

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro, held online or offline, shall be convertible at par between each other, at the request of the digital euro users.

2. The digital euro, held online or offline, shall be convertible at par between each other.

Or. en

Amendment 1113

Regina Doherty

Proposal for a regulation

Article 23 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro, held online or offline, shall be convertible at par between each other, at the request of the digital euro users.

2. The digital euro, held online or offline, shall be convertible at par between each other, without undue delay, at the request of the digital euro users.

Or. en

Amendment 1114

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 – paragraph 2 a (new)

Text proposed by the Commission

Amendment

2a. The digital euro user shall be able to set a default mode in the application for payments, choosing either the online or the offline functionality.

Or. en

Amendment 1115

Michalis Hadjipantela

Proposal for a regulation

Article 23 – paragraph 3

Text proposed by the Commission

Amendment

3. Before initiating a digital euro payment transaction in a proximity payment, the payee and the payer shall be informed of whether the digital euro payment transaction will be offline or online.

3. The payee and the payer shall be able to identify whether a digital euro payment transaction takes place offline or online.

Or. en

Amendment 1116

Markus Ferber

Proposal for a regulation

Article 23 – paragraph 3

Text proposed by the Commission

Amendment

3. Before initiating a digital euro payment transaction in a proximity payment, the payee and the payer shall be informed of whether the digital euro payment transaction will be offline or online.

3. The payee and the payer shall be able to identify whether a digital euro payment transaction takes place offline or online.

Or. en

Amendment 1117

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

Proposal for a regulation

Article 23 – paragraph 3

Text proposed by the Commission

Amendment

3. Before initiating a digital euro payment transaction in a proximity payment, the payee and the payer shall be informed of whether the digital euro payment transaction will be offline or online.

3. Before initiating a digital euro payment transaction in a proximity payment, the payee and the payer shall have disclosure as to whether the digital euro payment transaction will be executed offline or online.

Or. en

Amendment 1118

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

Proposal for a regulation

Article 23 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. As regards digital euro payments made in physical proximity, digital euro users shall be able to set a default for the execution as offline or online digital euro payment transaction.

Or. en

Amendment 1119

Michalis Hadjipantela

Proposal for a regulation

Article 23 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. Digital euro users shall be able to choose whether their digital euro payments in proximity shall be offline or online by default.

Or. en

Amendment 1120

Markus Ferber

Proposal for a regulation

Article 23 – paragraph 3 a (new)

Text proposed by the Commission

Amendment

3a. Digital euro users shall be able to choose whether their digital euro payments in proximity shall be offline or online by default.

Or. en

Amendment 1121

Markus Ferber

Proposal for a regulation

Article 23 – paragraph 3 b (new)

Text proposed by the Commission

Amendment

3b. Digital euro users shall be able to establish an automated funding of their digital euro offline holdings, if the digital euro user’s device supports automated funding. Automated funding shall be without prejudice to the limits set out in this regulation.

Or. en

Amendment 1122

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

Proposal for a regulation

Article 23 – paragraph 3 b (new)

Text proposed by the Commission

Amendment

3b. Whenever the digital euro user’s device technically supports it, automated funding of digital euro offline holdings shall be available to the digital euro user.

Or. en

Amendment 1123

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 a (new)

Text proposed by the Commission

Amendment

Article 23a

Security requirements for offline digital euro payment transactions

The European Central Bank shall develop the technical security and integrity requirements, including the appropriate certification process, for local storage devices to ensure their resilience against fraud, counterfeiting, double spending, or data breaches, including state-of-the-art cryptographic protection and resilience against unauthorised use.

Payment service providers shall ensure that devices supporting the offline functionality comply with the technical standards established by the ECB.

Or. en

Amendment 1124

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 b (new)

Text proposed by the Commission

Amendment

Article 23b

Liability in case of technical failure

1. In the event of any system outage, technical malfunction, or disruption of the digital euro settlement infrastructure, the liability of European Central Bank to the user is unaffected. No loss of value shall be borne by the user as a result of such disruptions.

2. In the event of a failure, malfunction, or compromise of technical security and integrity feature of the certified local storage devices, including the protection against fraud, counterfeiting and double-spending or data breach, the payment service provider shall without undue delay notify the affected users and merchants. The payment service provider shall also promptly inform the ECB where the failure may require the suspension or withdrawal of devices or payment instruments from use, or where public communication is necessary to mitigate systemic or security risks.

3. The payment service provider shall immediately take all necessary measures to withdraw, suspend, or disable payment instruments or affected devices, and ensure they are replaced without undue delay.

4. The digital euro payment service provider shall compensate the affected user or merchant for losses directly caused by the failure of technical security functions and shall have a right of redress against the European Central Bank for the loss and direct cost of replacement of a certified device, provided the failure results from the technical specifications developed by the ECB in accordance with this Regulation.

Or. en

Amendment 1125

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 23 c (new)

Text proposed by the Commission

Amendment

Article 23c

State-of-the-art technology of the digital euro infrastructure

1. The design and operation of the settlement infrastructure for the digital euro shall rely on state-of-the-art technologies that:

(a) ensure the implementation of privacy-by-design and privacy-by-default principles, including zero-knowledge proof systems, advanced cryptography, and other state-of-the-art technologies, enabling the unlinkability and minimisation of data and the verification of transactions without the disclosure of personal data, while ensuring robust protection against data breaches and unauthorised access;

(b) ensure the security, continuity and integrity of the settlement infrastructure, its resilience against cyber-threats, while ensuring readiness of back-up solutions.

2. For the purpose of this Article the European Central Bank shall monitor technological developments, in particular state-of-the-art technologies designed to protect privacy, enhance data protection, cyber-security, operational resilience, and detection and prevention of fraud and money laundering.

The European Central Bank shall consider implementing new technological developments to the digital euro infrastructure, after assessing their scalability, interoperability with existing infrastructure, and their impact on:

(a) the safety, integrity, efficiency, innovation of the digital euro settlement infrastructure, with particular focus to new technologies that can strengthen privacy, while ensuring verification, compliance, and fraud-prevention capabilities;

(b) overall environmental and energy efficiency performance;

Or. en

Amendment 1126

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 24 – paragraph 1 – introductory part

Text proposed by the Commission

Amendment

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank may:

deleted

Or. en

Amendment 1127

Markus Ferber

Proposal for a regulation

Article 24 – paragraph 1 – introductory part

Text proposed by the Commission

Amendment

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank may:

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank, together with the governance platform for the digital euro, shall:

Or. en

Amendment 1128

Damian Boeselager

on behalf of the Verts/ALE Group

Proposal for a regulation

Article 24 – paragraph 1 – introductory part

Text proposed by the Commission

Amendment

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank may:

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank shall:

Or. en

Amendment 1129

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 24 – paragraph 1 – introductory part

Text proposed by the Commission

Amendment

1. To ensure that payment service providers and digital euro users can use conditional digital euro payment transactions, the European Central Bank may:

1. To ensure that payment service providers and online digital euro users can use conditional digital euro payment transactions, the European Central Bank may adopt the necessary measures. Such transactions shall not create, directly or indirectly, programmable restrictions on lawful spending, nor allow individual expiry dates or behaviour-dependent limitations. The freedom of users to dispose of their funds without external conditions shall be always guaranteed at all times.

Or. en

Justification

This amendment ensures that conditional payments cannot be used to introduce programmable restrictions on lawful spending. Individual expiry dates or behaviour-based limitations would undermine users’ freedom to dispose of their funds and erode trust in the digital euro. The provision therefore safeguards the non-programmable nature of the currency and protects fundamental rights and legal certainty.

Amendment 1130

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 24 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) adopt detailed measures, rules and standards in accordance with Article 5(2) that payment service providers can use to ensure interoperable conditional digital euro payment transactions;

deleted

Or. en

Justification

not needed as it was incorporated into amendment 10

Amendment 1131

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 24 – paragraph 1 – point a

Text proposed by the Commission

Amendment

(a) adopt detailed measures, rules and standards in accordance with Article 5(2) that payment service providers can use to ensure interoperable conditional digital euro payment transactions;

deleted

Or. en

Amendment 1132

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 24 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) provide the functionalities in the digital euro settlement infrastructure necessary for the execution of conditional digital euro payment transactions, including for the reservation of funds.

deleted

Or. en

Amendment 1133

Rada Laykova, Siegbert Frank Droese

on behalf of the ESN Group

Proposal for a regulation

Article 24 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) provide the functionalities in the digital euro settlement infrastructure necessary for the execution of conditional digital euro payment transactions, including for the reservation of funds.

deleted

Or. en

Justification

not needed as it was incorporated into amendment 10

Amendment 1134

Markus Ferber

Proposal for a regulation

Article 24 – paragraph 1 – point b

Text proposed by the Commission

Amendment

(b) provide the functionalities in the digital euro settlement infrastructure necessary for the execution of conditional digital euro payment transactions, including for the reservation of funds.

(b) provide the functionalities in the digital euro settlement infrastructure necessary for the execution of conditional digital euro payment transactions, including for the reservation of funds and payments via distributed ledgers;

Or. en

Amendment 1135

Markus Ferber

Proposal for a regulation

Article 24 – paragraph 1 – point b a (new)

Text proposed by the Commission

Amendment

(ba) enable European companies to make conditional payments using the digital euro in a business-to-business context;

Or. en

Amendment 1136

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 24 – paragraph 1 a (new)

Text proposed by the Commission

Amendment

1a. The European Central Bank shall monitor technological progress, including innovations specifically aimed at strengthening privacy, data protection, security, resilience, and the detection and prevention of fraud.

Or. en

Amendment 1137

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 24 – paragraph 1 b (new)

Text proposed by the Commission

Amendment

1b. The European Central Bank shall assess the possible integration of technological advances into the digital euro infrastructure, taking into account their intended purpose, large-scale deployability, and their implications for safety, efficiency and innovation, as well as any dependencies or risks arising from their use.

Or. en

Amendment 1138

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 24 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall not be programmable money.

deleted

Or. en

Amendment 1139

Luděk Niedermayer

Proposal for a regulation

Article 24 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall not be programmable money.

deleted

Or. en

Amendment 1140

Dirk Gotink

Proposal for a regulation

Article 24 – paragraph 2

Text proposed by the Commission

Amendment

2. The digital euro shall not be programmable money.

2. The digital euro shall not be programmable money and the privacy of digital euro users shall be protected and ensured at every instance.

Or. en

Amendment 1141

Sibylle Berg

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Bonus, point or loyalty schemes

1. Payment service providers may offer voluntary bonus, point or loyalty schemes linked to the use of the digital euro, provided that such schemes are fully compliant with Union data protection and data security rules and do not allow conclusions to be drawn on the payment or consumption behaviour of the user.

2. The conception of such schemes shall ensure that no transaction data, metadata or other personal information is shared with scheme operators or third parties that are not strictly necessary to credit the benefit. Such schemes shall be based on privacy enhancing technologies, including local processing, pseudonymisation, cryptographic proofs or similar technologies.

3. Bonus and loyalty schemes shall not impair or restrict the basic functionality, interoperability or use of the digital euro. Their use shall be voluntary and shall not be a precondition for the use of the digital euro.

4. It shall not be permitted to create central databases on users’ payment behaviour or to require personal transaction histories for participation in such schemes.

5. The European Central Bank shall publish guidelines on the technical interoperability of bonus and loyalty schemes using open and interoperable interfaces in accordance with the technical specifications of the European Central Bank. This shall be implemented in accordance with the interface requirements under Directive (EU) 2015/2366 or its successors.

Or. de

(see also new recital 56a)

Justification

The introduction of privacy-friendly bonus and loyalty schemes offers three key advantages. Firstly, this makes the digital euro immediately seem less like a bureaucratic project from the last century. Secondly, Europe gains something that, looked upon kindly, could be described as data sovereignty. Thirdly, we need to feel less dependent on global payment systems that know more about our way of life than our own families (although for some this may be preferable).

Amendment 1142

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

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Technological state-of-the-art

1. The European Central Bank shall monitor technological developments for the purpose mentioned in Article 24a(2), including new technologies which are in particular designed to protect privacy, enhance data protection, security, preparedness, resilience, and fraud detection and prevention.

2. The European Central Bank shall consider implementing new technological developments to the digital euro infrastructure, after assessing their purpose; availability at large scale; impact on resilience, preparedness, safety, efficiency and innovation; the dependencies which their adoption may entail; as well as potential risks posed by them.

3. As of the 1 January 2027 all newly produced payment terminals in Europe must be equipped with a scheme-agnostic kernel, in preparation to accept digital euro transactions. This open system shall be accessible to both regional and domestic European payment schemes, thereby allowing customers to make contactless payments throughout the euro area, irrespective of their payment service provider, at times of declared emergency.

Or. en

Amendment 1143

Eero Heinäluoma, Marina Kaljurand, Sven Mikser

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Technological state-of-the-art

Or. en

Amendment 1144

Katri Kulmuni

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Technological state-of-the-art

Or. en

Justification

The objective is to ensure that the digital euro remains technologically up to date, secure, and resilient. The European Central Bank must continuously monitor new technologies—especially those that improve privacy, security, fraud prevention, and system resilience—and assess whether they should be incorporated into the digital euro infrastructure.

Amendment 1145

Auke Zijlstra, Pierre Pimpie

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Technological state-of-the-art criterium

The European Central Bank shall monitor and use technological developments for the purpose mentioned in Article 24a(2), including new technologies which are in particular designed to protect privacy, enhance data protection, security preparedness, resilience, and fraud detection and prevention.

Or. en

Amendment 1146

Marco Falcone, Fulvio Martusciello, Herbert Dorfmann

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

1. The European Central Bank shall monitor technological developments, including new technologies which are in particular designed to protect privacy, enhance data protection, security, resilience, and fraud detection and prevention.

2. The European Central Bank shall consider implementing new technological developments to the digital euro infrastructure, after assessing their purpose; availability at large scale; impact on safety, efficiency and innovation; the dependencies which their adoption may entail; as well as potential risks posed by them.

Or. en

Amendment 1147

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

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Technological monitoring and assessment

The European Central Bank shall ensure continuous monitoring and assessment of technological developments relevant to the digital euro, particularly those enhancing privacy, data protection, resilience, preparedness and fraud detection.

The ECB shall evaluate emerging technologies regarding their potential contribution to the robustness and efficiency of the digital euro infrastructure, as well as the risks and technological dependencies they may involve.

Or. en

Amendment 1148

Jussi Saramo

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Implementing and monitoring technological developments

Where appropriate, the European Central Bank shall implement new technological developments in the digital euro infrastructure to improve inter alia privacy protection, preparedness and resilience, and introduce innovative functionalities, after assessing their purpose and costs. For this purpose, the European Central Bank shall actively monitor technological developments in the relevant technological fields.

Or. en

Amendment 1149

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

Proposal for a regulation

Article 24 b (new)

Text proposed by the Commission

Amendment

Article 24b

Resilience and preparedness

1. In the event of a severe or imminent disruption affecting the continuity of digital euro payment services, the Commission may, upon request of a Member State and after consultation of the European Central Bank, adopt temporary and proportionate exceptional measures to safeguard uninterrupted access for users.

2. Such exceptional measures may include:

(a) the temporary increase of limits for offline transactions or holdings;

(b) the activation of emergency switching, enabling users to access digital euro services through an alternative payment service provider where their designated provider is unable to ensure continuity;

3. Requests for exceptional measures shall include evidence of the disruption and its impact. The Commission shall assess the request and adopt a decision within an expedited timeframe not exceeding 48 hours from its submission.

4. Exceptional measures adopted under this Article shall be strictly limited in scope and duration, shall not exceed a period of three months, and may be renewed only where the conditions justifying their adoption persist. Such measures shall comply with the principles of necessity, proportionality, financial stability, and the applicable requirements on data protection and cybersecurity.

Or. en

Amendment 1150

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

Proposal for a regulation

Article 24 c (new)

Text proposed by the Commission

Amendment

Article 24c

Operational resilience of the digital euro settlement infrastructure

1. The digital euro settlement infrastructure shall consist of physically separate processing sites, which all together form a resilient digital euro payment system.

2. A processing site shall:

(a) be physically located in the Union within an appropriate geographical distance from another processing site;

(b) have adequate resources, capabilities, functions and staffing arrangements to ensure its operability; and

(c) be capable of ensuring the continuity of important or critical settlement functions in the event of a disruption, an incident or an attack compromising the security, availability, authenticity, integrity or confidentiality of data, or the services provided by another processing site.

3. The digital euro settlement infrastructure shall have in place documented policies, procedures and methods for 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.

4. The digital euro settlement infrastructure shall have in place processes to assess whether the disruption, incident or attack affecting a processing site has a significant impact on the operability of the digital euro settlement infrastructure and, without undue delay, inform relevant national and Union authorities of such significant disruption, indecent or attack.

5. 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 1151

Sirpa Pietikäinen

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Digital euro settlement infrastructure, recovery procedures, reporting and testing

1. The digital euro settlement infrastructure shall consist of physically separate processing sites, which all together form a resilient digital euro payment system.

2. A processing site shall:

(a) be physically located in the Union within an appropriate geographical distance from another processing site;

(b) have adequate resources, capabilities, functions and staffing arrangements to ensure its operability; and

Or. en

Amendment 1152

Pasquale Tridico

on behalf of The Left Group

Proposal for a regulation

Article 24 a (new)

Text proposed by the Commission

Amendment

Article 24a

Temporary adjustment of offline digital euro limits in exceptional circumstances

In duly justified exceptional circumstances that may jeopardise the continuity or proper functioning of the payment infrastructure, the holding limits of the offline functionality applicable pursuant to this Regulation may be temporarily adjusted in order to safeguard the stability and resilience of the payment system. The European Central Bank, after examining a proposal submitted by one or more Member States of the euro area or by the Commission, or acting on the basis of its own assessment, shall determine whether such a temporary adjustment is warranted and may decide to apply it for the period strictly necessary to address the exceptional situation.

Or. en