Final provisions

This Regulation shall enter into force on the twentieth day following the date of its publication in the Official Journal of the European Union .

This Regulation shall be binding in its entirety and directly applicable in the Member States in accordance with the Treaties.

Done at Frankfurt am Main, 15 July 2025.

For the Governing Council of the ECB

The President of the ECB

Christine LAGARDE

( 1 ) OJ L 287, 29.10.2013, p. 63 , ELI: http://data.europa.eu/eli/reg/2013/1024/oj .

( 2 ) Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor ( OJ L, 2024/1623, 19.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1623/oj ).

( 3 ) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 ( OJ L 176, 27.6.2013, p. 1 , ELI: http://data.europa.eu/eli/reg/2013/575/oj ).

( 4 ) Regulation (EU) 2016/445 of the European Central Bank of 14 March 2016 on the exercise of options and discretions available in Union law (ECB/2016/4) ( OJ L 78, 24.3.2016, p. 60 , ELI: http://data.europa.eu/eli/reg/2016/445/oj ).

ELI: http://data.europa.eu/eli/reg/2025/1520/oj

ISSN 1977-0677 (electronic edition)

REGULATION (EU) 2025/1520 OF THE EUROPEAN CENTRAL BANK of 15 July 2025 amending Regulation (EU) 2016/445 on the exercise of options and discretions available in Union law (ECB/2016/4)