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Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central BankRecitalsArticle 1 DefinitionsArticle 2 Right to exempt institutionsArticle 3 Basis for minimum reservesArticle 4 Reserve ratiosArticle 5 Regulatory powerArticle 6 Right to collect and verify informationArticle 7 Sanctions in cases of non-complianceArticle 8 Final provisionsDone at
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 1999 - onwards
Version 2 of 2

Article 2 Right to exempt institutions

The ECB may, on a non-discriminatory basis, exempt institutions from minimum reserves in accordance with criteria established by the ECB.

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