Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) (c. 1745)

Article 14 U.K. Transitional provisions

1. The maintenance period starting on 24 January 2004 shall end on 9 March 2004.

2. The minimum reserves for this transitional maintenance period shall be calculated using the reserve base at 31 December 2003. The reserve base at 30 September 2003 shall be used for institutions reporting on a quarterly basis.

3. The procedures for calculation, notification, confirmation, revision and acknowledgment set out in Article 5(3), (4) and (6) of Regulation (EC) No 2818/98 (ECB/1998/15) shall apply to this transitional maintenance period.