Corrigendum to Council Regulation (EU) 2023/427 of 25 February 2023 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (Official Journal of the European Union L 59 I of 25 February 2023)

A corrigendum to Council Regulation (EU) 2023/427 which includes further trade and business restrictions with respect to Russia due to its continuous aggression towards Ukraine was published in the Official Journal (OJ) of the EU. The corrigendum primarily modifies a wrong date in Article 1, point (8) of the regulation stipulating new reporting requirements upon financial entities as defined in Article 4 of Regulation (EU) No 575/2013, insurance and reinsurance undertakings, and central securities depositories as regards Russian Central Bank engagements. The erroneous date reflects the first date upon which any such engagements must be first reported. Specifically, in point (8) for
‘4a. Notwithstanding the applicable rules concerning reporting, confidentiality and professional secrecy, natural and legal persons, entities and bodies, including the European Central Bank, national central banks, financial sector entities as defined in Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council (1), insurance and reinsurance undertakings as defined in Article 13 of Directive 2009/138/EC of the European Parliament and of the Council (2), central securities depositories as defined in Article 2 of Regulation (EU) No 909/2014 and central counterparties as defined in Article 2 of Regulation (EU) No 648/2012 of the European Parliament and of the Council (3) shall provide, no later than two weeks after 26 February 2023, to the competent authority of the Member State where they are resident or located, and simultaneously to the Commission, information on the assets and reserves referred to in paragraph 4 of this Article which they hold or control or are a counterparty to. Such information shall be updated every three months and shall at least cover the following: …’,
it shall read
‘4a. Notwithstanding the applicable rules concerning reporting, confidentiality and professional secrecy, natural and legal persons, entities and bodies, including the European Central Bank, national central banks, financial sector entities as defined in Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council (1), insurance and reinsurance undertakings as defined in Article 13 of Directive 2009/138/EC of the European Parliament and of the Council (2), central securities depositories as defined in Article 2 of Regulation (EU) No 909/2014 and central counterparties as defined in Article 2 of Regulation (EU) No 648/2012 of the European Parliament and of the Council (3) shall provide, no later than 2 weeks after 27 April 2023, to the competent authority of the Member State where they are resident or located, and simultaneously to the Commission, information on the assets and reserves referred to in paragraph 4 of this Article which they hold or control or are a counterparty to. Such information shall be updated every 3 months and shall at least cover the following: …’.
The modified terms are marked in bold.