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15.5.2012 Official
Journal
of
the
European
Union L
126/13
DECISION OF THE EUROPEAN CENTRAL BANK
of 26 April 2012
amending Decision ECB/2010/22 on the quality accreditation procedure for manufacturers of euro
banknotes
(ECB/2012/7)
(2012/258/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
(4) Decision
ECB/2010/22
should
therefore
be
amended
accordingly,
Having regard to the Treaty on the Functioning of the European
Union, and in particular Article 128(1) thereof,
HAS ADOPTED THIS DECISION:
Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Article 16 thereof,
Article 1
Amendment
Having regard to Decision ECB/2010/22 of 25 November 2010
on the quality accreditation procedure for manufacturers of
Article 2(4) of Decision ECB/2010/22 is replaced by the
euro banknotes (
following:

1 ), and in particular Article 2(4) and Articles
7 and 10 thereof,
‘4. The
Executive
Board
shall
be
competent
to
take
all
Whereas:
decisions relating to a manufacturer’s quality accreditation,
taking into account the views of the Banknote Committee,
(1) The
Executive
Board’s
competence
to
decide
on
accredi
and shall inform the Governing Council thereof. The
tations under Article 2(4) of Decision ECB/2010/22 is
Executive Board may decide to sub-delegate the powers to
delegated to it by the Governing Council in accordance
grant, renew or extend such accreditation pursuant to
with Article 12.1, second paragraph of the Statute of the
Article 3(4), and Article 4(3) and Articles 7 and 10, to one
European System of Central Banks and of the European
or more of its members.’.
Central Bank.
(2) The procedure for granting, renewing and extending
Article 2
quality accreditation laid down in Decision ECB/2010/22
should be amended to allow for faster processing of
Entry into force
quality accreditation requests, thereby ensuring the
This Decision shall enter into force on the day following its
timely grant, renewal or extension of accreditation, and
publication in the Official Journal of the European Union.
to alleviate the administrative burden on the Executive
Board of the European Central Bank (ECB).
(3) To
this
end,
it
should
be
made
possible
for
the
Executive Done at Frankfurt am Main, 26 April 2012.
Board to sub-delegate the competence to take decisions
relating to routine accreditation to one or more of its
members. The sub-delegation will, however, not cover
the competence to grant exemptions, reject accreditation
The President of the ECB
requests, suspend or revoke accreditations.
Mario DRAGHI
( 1 ) OJ L 330, 15.12.2010, p. 14.

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Document Outline

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