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2014 applies ⬅️ | ➑️ Article 16 – Temporary suspension of transparency obligations

Article 15 - Transactions to which the exemption in Article 1(6) of Regulation (EU) No 600/2014 does not apply

2014 shall not apply to the following types of transactions entered into by a member of the ESCB for the performance of an investment operation that is unconnected with that member’s performance of one of the tasks referred to in Article 14:

(a)

transactions entered into for the management of its own funds;

(b)

transactions entered into for administrative purposes or for the staff of the member of the ESCB which include transactions conducted in the capacity as administrator of a pension scheme for its staff;

(c)

transactions entered into for its investment portfolio pursuant to obligations under national law.