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1.4.2011 Official
Journal
of
the
European
Union L
86/77
GUIDELINE OF THE EUROPEAN CENTRAL BANK
of 18 March 2011
amending Guideline ECB/2004/18 on the procurement of euro banknotes
(ECB/2011/3)
(2011/206/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
HAS ADOPTED THIS GUIDELINE:
Article 1
Having regard to the Treaty on the Functioning of the European
Amendment to Guideline ECB/2004/18
Union, and in particular Article 128(1) thereof,
Guideline ECB/2004/18 is amended as follows:
Having regard to the Statute of the European System of Central
1. Article 1(12) is replaced by the following:
Banks and of the European Central Bank, and in particular
Article 16 thereof,
‘12. “transitional period” shall mean the period starting at
the earliest on 1 January 2008 or on a date thereafter,
decided by the Governing Council once it has ascer
tained, acting on a proposal from the Executive
Whereas:
Board, that the production of at least half of the total
annual Eurosystem euro banknote production
requirement will be tendered and at least half of all
NCBs will tender the production of euro banknotes
(1) Pursuant
to
Article
21
of
Guideline
ECB/2004/18
of
allocated to them. The transitional period shall end, at
16 September 2004 on the procurement of euro
the latest, on the day before the start date of the single
banknotes ( 1 ), the Governing Council is to review
Eurosystem tender procedure laid down in Article 2(1).’.
Guideline ECB/2004/18 at the beginning of 2008 and
every 2 years thereafter.
2. Article 2(1) is replaced by the following:
(2) Article
2(1)
of
Guideline
ECB/2004/18
states
that
the
‘1. The
single
Eurosystem
tender
procedure
shall
start
at
single Eurosystem tender procedure (SETP) will start at
the latest on 1 January 2014, unless the Governing Council
the latest on 1 January 2012. The assumptions upon
decides on a different start date.’.
which the SETP start date was based have changed;
therefore it is necessary to amend Article 2 of
Guideline ECB/2004/18 to reflect the new SETP start
Article 2
date.
Entry into force
This Guideline shall enter into force 2 days after its adoption.
(3) The
expected
SETP
start
date
may
be
changed
by
a
Governing Council decision, in the context of the
Article 3
review of Guideline ECB/2004/18, in particular where
Addressees
more than half of the national central banks (NCBs)
representing more than half of the Eurosystem’s total
This Guideline is addressed to all Eurosystem central banks.
banknote printing requirement choose not to participate
in the SETP.
Done at Frankfurt am Main, 18 March 2011.
For the Governing Council of the ECB
(4) In
view
of
the
amendment
to
the
expected
start
date
of
the SETP, an amendment to the definition of the transi
The President of the ECB
tional period is also necessary,
Jean-Claude TRICHET
( 1 ) OJ L 320, 21.10.2004, p. 21.

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