Proposal for a COUNCIL REGULATION (EU) No …/… concerning the extension of the scope of Regulation (EU) of the European Parliament and of the Council No xx/yy on the professional cross border transportation of euro cash by road between euro-area Member States
Date: 2010-07-14
Institutions: European Commission
Subjects: EU Member State, EU action, European currency, common transport policy, cross-border transport, paper money

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EUROPEAN COMMISSION 

Brussels, 14.7.2010 
COM(2010)376 final 

2010/0206 (APP) 

Proposal for a 

COUNCIL REGULATION (EU) No …/… 

concerning the extension of the scope of Regulation (EU) of the European Parliament 
and of the Council No xx/yy on the professional cross-border transportation of euro cash 
by road between euro-area Member States 

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EXPLANATORY MEMORANDUM 

The purpose of the present proposal is to extend the scope of the Proposal for a Regulation on 
the cross-border transportation of euro cash by road between euro-area Member States to the 
territory of a Member State that is about to introduce the euro, since there will normally be an 
increased need for cross-border euro cash transportation in the run-up to the changeover. 

The extension of the Regulation should be automatic and take effect as from the date when 
the Council decides to lift the derogation of a Member State from its participation in the euro. 

The main proposal is based on Article 133 where voting rights in the Council are limited to 
Member  States  that  have  already  adopted  the  euro.  Since  this  proposal  concerns  Member 
States that have not yet adopted the euro, it is based on Article 352. This is appropriate since 
action by the Union is necessary in order to facilitate a smooth changeover to the euro. 

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2010/0206 (APP) 

Proposal for a 

COUNCIL REGULATION (EU) No …/… 

concerning the extension of the scope of Regulation (EU) of the European Parliament 
and of the Council No xx/yy on the professional cross-border transportation of euro cash 
by road between euro-area Member States 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  on  the  Functioning  of  the  European  Union,  and  in  particular 
Article 352 thereof, 

Having regard to the proposal from the European Commission1,  

Having regard to the consent of the European Parliament2, 

After transmission of the draft legislative act to the national Parliaments, 

Acting in accordance with a special legislative procedure, 

Whereas: 

(1) 

(2) 

(3) 

Regulation (EU) of the European Parliament and of the Council No xx/yy3 applies to 
the  territory  of  those  Member  States  which  have  adopted  the  euro  as  their  single 
currency. 

There  is  a  need  for  transportation  of  euro cash  in  the  run-up  to  the  euro  changeover 
since  the  euro  banknotes  needed  for  the  changeover  are  usually  transported  from 
existing euro area stocks and since euro coins are often fully or partly minted abroad.  

It  is  therefore  necessary  that  Regulation  xx/yy  applies  to  Member  States  that  are 
preparing to adopt the euro as from the date of the decision by the Council to lift their 
derogation from participating in the euro. 

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2 
3 

OJ …, p. … 
OJ …., p. … 
OJ …., p. … 

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HAS ADOPTED THIS REGULATION: 

Article 1 

Council Regulation (EC) xx/yy shall apply to the territory of a Member State that has not yet 
adopted  the  euro  as  from  the  date  of  the  decision  of  the  Council  taken  in  accordance  with 
Article 140(2) of the Treaty to abrogate its derogation from participating in the euro. 

This Regulation shall enter into force six months after its publication in the Official Journal of 
the European Union.  

Article 2 

It shall be binding in its entirety and directly applicable in all Member States. 

Done at Brussels, […] 

For the Council 
The President 
[…] 

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