Regulation BCL 2009/N°5 of 23 December 2009 amending Regulation BCL 2008/N°1 of 28 November 2008 containing temporary modifications to collateral eligibility rules

BANQUE CENTRALE DU LUXEMBOURG
Regulation of the Banque centrale du Luxembourg 2009/N° 5 of 23 December 2009 amending the Regulation of the Banque centrale du Luxembourg 2008/N° 1 of 28 November 2008 containing temporary modifications to the rules applicable to collateral eligibility

Domain: Implementation of monetary policy in the euro area

The Directorate of the Banque centrale du Luxembourg,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 127(2);

Having regard to Article 108bis of the Constitution;

Having regard to the amended Law of 23 December 1998 on the monetary status and the Banque centrale du Luxembourg, in particular Article 2(2) and Article 34(1) as amended by the Law of 24 October 2008;

Having regard to the European Central Bank Guideline of 10 December 2009 amending ECB/2008/18 containing temporary modifications to the rules applicable to collateral eligibility (ECB/2009/24);

Considering that the modifications contained in the said Guideline apply from 1 January 2010;

Hereby decides:

Art. 1.

Article 8 of the Regulation of the Banque centrale du Luxembourg 2008/N° 1 of 28 November 2008 containing temporary modifications to the rules applicable to collateral eligibility is amended as follows:

"This Regulation shall enter into force on 1 December 2008 and shall cease to be in force on 31 December 2010 or on the date of maturity of the last twelve-month refinancing operation launched before 31 December 2010, if that date is later."

Art. 2.

This Regulation shall enter into force on 1 January 2010.

Art. 3.

This Regulation shall be published in the Mémorial and on the website of the Banque centrale du Luxembourg.

BANQUE CENTRALE DU LUXEMBOURG
The Directorate