commission implementing decision eu euratom 20251709-FXL2501709EN.pdf

The European Commission has adopted an implementing decision to amend Implementing Decision (EU) 2023/1602 regarding non-competitive auction allocations. The key points are:

• The amendment introduces a new type of transaction, non-competitive auction allocation, which allows primary dealers to request additional amounts of Union and Euratom debt securities at a set price.
• Primary dealers will be excluded from the minimum auction participation requirements for purchases made through non-competitive auction allocations.
• Detailed rules for the use and functioning of auctions and non-competitive auction allocations will be established in the General Terms and Conditions for Union primary dealers (GTC).
• The amendments will enter into force on the day following publication in the Official Journal.