Banca Naţională a României

As of 13 November 2012, due to publication in the Official Gazette of Romania, Part I nr.763 of 13 November 2012, the following regulations have come into force:

• The National Bank of Romania Regulation No.14/2012 on the amendment of the National Bank of Romania Regulation No. 1/2000 on open market operations performed by National Bank of Romania and standing facilities granted to eligible participants, and
• The National Bank of Romania Order No.12/2012 on the amendment of the National Bank of Romania Order No. 8/2006 on working procedures for the National Bank of Romania open market operations and standing facilities granted to eligible participants.

The amendments envisaged by the National Bank of Romania repeal the restrictions limiting the number of options in the bids submitted by eligible participants for variable-rate tenders and fixed-rate tenders organised by National Bank of Romania for the purposes of open market operations, except for the fixed rate tenders for foreign exchange swaps and for the deposit-taken, in case of which the bids shall contain a single option.