L 68/54 Official Journal of the European Union 13.3.2015 DECISION (EU) 2015/425 OF THE EUROPEAN CENTRAL BANK of 15 December 2014 amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2014/55) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 26.2 thereof, Whereas: (1)  Decision ECB/2010/21 () lays down the rules for drawing up the annual accounts of the European Central Bank (ECB). (2)  There is a need to further clarify the valuation approach of securities held for monetary policy purposes. (3)  Technical clarifications need to be incorporated into Decision ECB[2010/21 following Decision ECB[2014/40 (%) and Decision ECB[2014/45 (%). (4)  Some further technical changes to Decision ECB/2010/21 are also required. (5)  Therefore Decision ECB/2010/21 should be amended accordingly, HAS ADOPTED THIS DECISION: Article 1 Amendment Decision ECB[2010/21 is amended as follows: 1. Article 8 is replaced by the following: ‘Article 8 Balance sheet valuation rules 1. Current market rates and prices shall be used for balance sheet valuation purposes unless specified otherwise in Annex L 2. The revaluation of gold, foreign currency instruments, securities (other than securities classified as held-to- maturity, non-marketable securities, and securities held for monetary policy purposes that are accounted for at amortised costs), as well as financial instruments, both on-balance-sheet and off-balance-sheet, shall be performed at the year-end at mid-market rates and prices. 3. No distinction shall be made between price and currency revaluation differences for gold, but a single gold revaluation difference shall be accounted for, based on the euro price per defined unit of weight of gold derived from the eurofUS dollar exchange rate on the quarterly revaluation date. For foreign exchange, including on-balance-sheet and off-balance-sheet transactions, revaluation shall take place on a currency-by-currency basis. For the purpose of this Article, holdings of SDRs, including designated individual foreign exchange holdings underlying the SDR basket, shall be treated as one holding. For securities, revaluation shall take place on a code-by-code basis, i.e. same ISIN number/type, while any embedded options will not be separated for valuation purposes. Securities held for monetary policy purposes or included in the items “Other financial assets” or “Sundry” shall be treated as separate holdings. () Decision ECB[2010/21 of 11 November 2010 on the annual accounts of the European Central Bank (OJ L 35, 9.2.2011, p. 1). (*) Decision ECB[2014[40 of 15 October 2014 on the implementation of the third covered bond purchase programme (O] L 335, 22.11.2014, p. 22). (*) Decision (EU) 2015/5 of the European Central Bank of 19 November 2014 on the implementation of the asset-backed securities purchase programme (ECB/2014/45) (OJ L1, 6.1.2015, p. 4).