Decision (EU) 2016/2247 (ECB/2016/35) is amended as follows:
in Article 25, the following paragraph 3 is added:
‘3.In extremely rare circumstances where the Governing Council concludes that compliance with a requirement of this Decision would not result in a fair presentation of the annual accounts, the ECB shall depart from that requirement and shall provide the reasons in the notes to the annual accounts.’;
Annex I is replaced by the Annex to this Decision.
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Done at Frankfurt am Main, 16 November 2017.
For the Governing Council of the ECB
The President of the ECB
Mario Draghi