do-me/EUR-LEX huggingface dataset:
2011/788/EU: Decision of the European Central Bank of 3 November 2011 amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2011/18)
Date: 2011-11-03
Institutions: European Central Bank
Subjects: European System of Central Banks, central bank, euro area, redistribution of income, single monetary policy




L_2011319EN.01011601.xml










2.12.2011   


EN


Official Journal of the European Union


L 319/116








            DECISION OF THE EUROPEAN CENTRAL BANK
         
of 3 November 2011
         
amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro
(ECB/2011/18)
(2011/788/EU)


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 32 thereof,

Whereas:







(1)


Decision ECB/2010/23 of 25 November 2010 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (1) establishes a mechanism for the pooling and allocation of monetary income arising from monetary policy operations.












(2)


Decision ECB/2011/17 of 3 November 2011 on the implementation of the second covered bond purchase programme (2) provides for the establishment of a second programme for the purchase of covered bonds for monetary policy purposes.












(3)


The Governing Council considers that as with purchases under Decision ECB/2009/16 of 2 July 2009 on the implementation of the covered bond purchase programme (3), covered bonds purchased under Decision ECB/2011/17 should be deemed to generate income at the reference rate as defined in Decision ECB/2010/23.












(4)


Decision ECB/2010/23 should be amended accordingly,





HAS ADOPTED THIS DECISION:



Article 1

Amendment

Article 3(1) of Decision ECB/2010/23 is replaced by the following:

‘1.   The amount of each NCB’s monetary income shall be determined by measuring the actual income that derives from the earmarkable assets recorded in its books. As exceptions thereto, gold shall not be considered to generate income, and securities held for monetary policy purposes under Decision ECB/2009/16 of 2 July 2009 on the implementation of the covered bond purchase programme (*1) and under Decision ECB/2011/17 of 3 November 2011 on the implementation of the second covered bond purchase programme (*2) shall be considered to generate monetary income at the reference rate.


(*1)  
                           OJ L 175, 4.7.2009, p. 18."
                        

(*2)  
                           OJ L 297, 16.11.2011, p. 70.’
                        "
                        


Article 2

Final provision

This Decision shall enter into force on 31 December 2011.




Done at Frankfurt am Main, 3 November 2011.


The President of the ECB

Mario DRAGHI
            





(1)  
            OJ L 35, 9.2.2011, p. 17.

(2)  
            OJ L 297, 16.11.2011, p. 70.

(3)  
            OJ L 175, 4.7.2009, p. 18.
Case C-556/11: Reference for a preliminary ruling from the Juzgado Contencioso-Administrativo de Valladolid (Spain) lodged on 3 November 2011 — María Jesús Lorenzo Martínez v Dirección Provincial de Educación Valladolid
Date: 2011-11-03
Institutions: Court of Justice
Subjects: Spain, bonus payment, civil servant, education, wage determination








C_2012025EN.01003302.xml










28.1.2012   


EN


Official Journal of the European Union


C 25/33






Reference for a preliminary ruling from the Juzgado Contencioso-Administrativo de Valladolid (Spain) lodged on 3 November 2011 — María Jesús Lorenzo Martínez v Dirección Provincial de Educación Valladolid
(Case C-556/11)
(2012/C 25/62)
Language of the case: Spanish

Referring court

Juzgado Contencioso-Administrativo de Valladolid

Parties to the main proceedings


Applicant: María Jesús Lorenzo Martínez

Defendant: Dirección Provincial de Educación Valladolid

Question referred

Does the fact that an individual is an established (career) civil servant and, as such, belongs to one of the staff groups into which the public teaching service is organised constitute an objective ground sufficient to justify the individual ‘continuing-professional-education’ component of the special increment (also commonly referred to as the ‘sexenio’ or six-yearly increment) being paid — once it is demonstrated that they have satisfied the relevant requirements — only to established civil servants forming part of the public teaching service?
Case C-555/11: Reference for a preliminary ruling from the Simvoulio tis Epikrateias lodged on 3 November 2011 — Enosis Epangelmation Asfaliston Ellados (EEAE), Sillogos Asfalistikon Praktoron Nomou Attikis (SPATE), Panellinios Sillogos Asfalistikon Simboulon (PSAS), Sindesmos Ellinon Mesiton Asfaliseon (SEMA), Panellinios Sindesmos Sintoniston Asfalistikon Simboulon (PSAS) v Ipourgos Anaptixis and Omospondias Asfalistikon Sillogon Ellados
Date: 2011-11-03
Institutions: Court of Justice
Subjects: insurance company, insurance contract, labour relations, trade intermediary, white-collar worker








C_2012025EN.01003301.xml










28.1.2012   


EN


Official Journal of the European Union


C 25/33






Reference for a preliminary ruling from the Simvoulio tis Epikrateias lodged on 3 November 2011 — Enosis Epangelmation Asfaliston Ellados (EEAE), Sillogos Asfalistikon Praktoron Nomou Attikis (SPATE), Panellinios Sillogos Asfalistikon Simboulon (PSAS), Sindesmos Ellinon Mesiton Asfaliseon (SEMA), Panellinios Sindesmos Sintoniston Asfalistikon Simboulon (PSAS) v Ipourgos Anaptixis and Omospondias Asfalistikon Sillogon Ellados
(Case C-555/11)
(2012/C 25/61)
Language of the case: Greek

Referring court

Simvoulio tis Epikrateias (Council of State)

Parties to the main proceedings


Applicants: Enosis Epangelmation Asfaliston Ellados (Hellenic Association of Insurance Professionals, EEAE), Sillogos Asfalistikon Praktoron Nomou Attikis (Attica Association of Insurance Agents, SPATE), Panellinios Sillogos Asfalistikon Simboulon (Hellenic Association of Insurance Advisors, PSAS), Sindesmos Ellinon Mesiton Asfaliseon (Hellenic Insurance Broker Association, SEMA), Panellinios Sindesmos Sintoniston Asfalistikon Simboulon (Hellenic Association of Insurance Advisor Coordinators, PSAS).

Defendants: Ipourgos Anaptixis (Minister for Development), Omospondias Asfalistikon Sillogon Ellados (Federation of Hellenic Insurance Associations)

Question referred

Does the provision of the second subparagraph of Article 2(3) of Directive 2002/92/EC, which states: ‘These activities (those listed in the first subparagraph of that provision) when undertaken by an insurance undertaking or an employee of an insurance undertaking who is acting under the responsibility of the insurance undertaking shall not be considered as insurance mediation’, mean that an employee of an insurance undertaking who does not have the qualifications required under Article 4(1) of that directive is permitted to pursue the activity of insurance mediation on an incidental basis, and not as his main professional activity, even if that employee does not have an employment relationship with the undertaking, which however supervises his actions, or does the directive permit that activity to be pursued only within the framework of an employment relationship?