C251 Official Journal

C251 Official Journal

Official Journal C 251 of the European Union Volume 63 English edition Information and Notices 31 July 2020 Contents I Resolutions, recommendations and opinions RECOMMENDATIONS European Central Bank 2020/C 251/01 Recommendation of the European Central Bank of 27 July 2020 on dividend distributions during the COVID-19 pandemic and repealing Recommendation ECB/2020/19 (ECB/2020/35) . 1 IV Notices NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES Council 2020/C 251/02 Notice for the attention of the persons subject to the restrictive measures provided for in Council Decision (CFSP) 2016/849, as amended by Council Decision (CFSP) 2020/1136, and in Council Regulation (EU) 2017/1509, as implemented by Council Implementing Regulation (EU) 2020/1129 concerning restrictive measures against the Democratic People’s Republic of Korea . 4 2020/C 251/03 Notice for the attention of the data subjects to whom the restrictive measures provided for in Council Decision (CFSP) 2016/849 and Council Regulation (EU) 2017/1509 concerning restrictive measures against the Democratic People’s Republic of Korea apply . 6 2020/C 251/04 Notice for the attention of the persons, groups and entities included on the list subject to Articles 2, 3 and 4 of Council Common Position 2001/931/CFSP on the application of specific measures to combat terrorism, as updated by Council Decision (CFSP) 2020/1132, and to Article 2(3) of Council Regulation (EC) No 2580/2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism, as implemented by Council Implementing Regulation (EU) 2020/1128 . 7 2020/C 251/05 Notice for the attention of the data subjects included on the list of persons, groups and entities subject to Articles 2, 3 and 4 of Council Common Position 2001/931/CFSP on the application of specific measures to combat terrorism, as updated by Council Decision (CFSP) 2020/1132, and to Article 2(3) of Council Regulation (EC) No 2580/2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism, as implemented by Council Implementing Regulation (EU) 2020/1128 . 8 2020/C 251/06 Notice for the attention of persons and entities subject to the restrictive measures provided for in Council Decision (CFSP) 2015/1333, as implemented by Council Implementing Decision (CFSP) 2020/1137, and in Council Regulation (EU) 2016/44, as implemented by Council Implementing Regulation (EU) EN 2020/1130, concerning restrictive measures in view of the situation in Libya . 9 2020/C 251/07 Notice for the attention of the data subjects to whom the restrictive measures provided for in Council Decision (CFSP) 2015/1333 and Council Regulation (EU) 2016/44 concerning restrictive measures in view of the situation in Libya apply . 10 2020/C 251/08 Notice for the attention of the persons subject to the restrictive measures provided for in Council Decision (CFSP) 2019/797, as amended by Council Decision (CFSP) 2020/1127, and in Council Regulation 2019/796, as implemented by Council Implementing Regulation (EU) 2020/1125 concerning restrictive measures against cyber-attacks threatening the Union or its Member States . 11 2020/C 251/09 Notice for the attention of the data subjects to whom the restrictive measures provided for in Council Decision (CFSP) 2019/797 and Council Regulation (EU) 2019/796 concerning restrictive measures against cyber-attacks threatening the Union or its Member States . 12 2020/C 251/10 Notice for the attention of the person subject to restrictive measures provided for in Council Decision (CFSP) 2016/1693, as amended by Council Decision (CFSP) 2020/1126, and Council Regulation (EU) 2016/1686, as implemented by Council Implementing Regulation (EU) 2020/1124 concerning restrictive measures against ISIL (Da'esh) and Al-Qaeda and persons, groups, undertakings and entities associated with them . 13 2020/C 251/11 Notice for the attention of the data subjects to whom the restrictive measures provided for in Council Decision (CFSP) 2016/1693 and Council Regulation (EU) 2016/1686 concerning restrictive measures against ISIL (Da'esh) and Al-Qaeda and persons, groups, undertakings and entities associated with them apply . 14 European Commission 2020/C 251/12 Euro exchange rates — 30 July 2020 . 15 NOTICES FROM MEMBER STATES 2020/C 251/13 National exemptions for gambling service providers from national provisions transposing Directive (EU) 2015/849 (AMLD) List of Member States who have decided to exempt providers of certain gambling services from national provisions transposing Directive (EU) 2015/849 of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (This text annuls and replaces the text published in OJ C 170, 18.5.2020, p. 23) . 16 2020/C 251/14 Liquidation procedures Decision to open bankruptcy proceedings for ‘Societatea CERTASIG – Societate de Asigurare și Reasigurare – S.A.’ (Publication made in accordance with Article 14 of Directive 2001/17/EC of the European Parliament and of the Council on the reorganisation and winding-up of insurance undertakings (Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance)) . 19 V Announcements PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY European Commission 2020/C 251/15 Prior notification of a concentration (Case M.9899 — KKR/Koos Holding Cooperatief) Candidate case for simplified procedure (1) . 20 OTHER ACTS European Commission 2020/C 251/16 Publication of an application for approval of non-minor amendments to a product specification pursuant to Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs . 22 (1) Text with EEA relevance. 31.7.2020 EN Offi cial Jour nal of the European Union C 251/1 I (Resolutions, recommendations and opinions) RECOMMENDATIONS EUROPEAN CENTRAL BANK RECOMMENDATION OF THE EUROPEAN CENTRAL BANK of 27 July 2020 on dividend distributions during the COVID-19 pandemic and repealing Recommendation ECB/2020/19 (ECB/2020/35) (2020/C 251/01) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, Having regard to the Treaty on the Functioning of the European Union, Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (1), and in particular Article 4 (3) thereof, Whereas: (1) On 27 March 2020, the European Central Bank (ECB) adopted Recommendation ECB/2020/19 of the European Central Bank (2) which recommended that at least until 1 October 2020 no dividends are paid out and no irrevocable commitment to pay out dividends is undertaken by credit institutions for the financial years 2019 and 2020 and that credit institutions refrain from share buy-backs aimed at remunerating shareholders. This recommendation was based on the consideration that it is crucial that credit institutions continue to fulfil their role of funding households, small and medium-sized businesses and corporations amid the COVID-19-related economic shock. Therefore it was considered essential that credit institutions conserve capital to retain their capacity to support the economy in an environment of heightened uncertainty caused by the COVID-19 pandemic. To this end, conserving capital resources to support the real economy and absorb losses was considered as needing to take priority over discretionary dividend distributions and share buy-backs. (2) In connection with Recommendation ECB/2020/19, the ECB has undertaken work to further evaluate the economic situation and consider whether further suspension of dividends is advisable after 1 October 2020. In this context, the ECB considers that the level of economic uncertainty due to the COVID-19 pandemic remains elevated and, consequently, that credit institutions face difficulties in forecasting accurately their medium-term capital needs. The ECB also considers that there is an ongoing need in this environment of exceptional systemic uncertainty and stressed economic conditions for prudent capital planning, which includes preserving credit institutions’ capital position by postponing or cancelling distributions. Therefore, the ECB considers it necessary to extend the dividend recommendation until 1 January 2021 and repeal Recommendation ECB/2020/19. This approach is also consistent with Recommendation ESRB/2020/7 of the European Systemic Risk Board (3). (1) OJ L 287, 29.10.2013, p. 63. (2) Recommendation ECB/2020/19 of the European Central Bank of 27 March 2020 on dividend distributions during the COVID-19 pandemic and repealing Recommendation ECB/2020/1 (OJ C 102I, 30.3.2020, p. 1). (3) Recommendation ESRB/2020/7 of the European Systemic Risk Board of 27 May 2020 on restriction of distributions during the COVID-19 pandemic (OJ C 212, 26.6.2020, p. 1). C 251/2 EN Offi cial Jour nal of the European Union 31.7.2020 (3) Having full regard to the unity and integrity of the internal market, the ECB sees the need to engage in discussions with the relevant authorities of concerned Member States to determine whether it is appropriate that dividends are paid out to a parent institution, parent financial holding company or parent mixed financial holding company located in a Member State which is not a participating Member State. These discussions should be guided, inter alia, by the principles of equivalence and reciprocity with a view to supporting the smooth functioning of the internal market of the Union as a whole, to preserving a sound capital position of a credit institution from a prudential perspective and to contributing to the stability of the financial system within the Union and each Member State. (4) In order to maximise support to the real economy, it is also appropriate that discretionary dividend distributions should also not be made by less significant credit institutions.

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