Recital 27

(27) Decision (CFSP) 2026/1849 introduces a narrowly circumscribed derogation to allow the execution of transactions with a specific entity listed under entry number 4 in Annex XVIII to Decision 2014/512/CFSP only if necessary for the payment of a consideration due to a credit institution established in the Union carried out on the basis of a put option right contractually agreed and duly exercised before 28 February 2022. That derogation does not undermine the general objectives of Regulation (EU) No 833/2014, and is justified solely by the need to address an unintended adverse consequence for a Union operator. In line with the position of the Union, that derogation should not authorise the provision of a specialised financial messaging service, which should remain prohibited under any circumstance.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.