CELEX: 11992M/PRO/IME/16
Language: en
Date: 1992-02-07 00:00:00
Title: Treaty on European Union - Protocol on the statute of the European Monetary Institute - Article 16: Financial resources

Avis juridique important

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11992M/PRO/IME/16

Treaty on European Union - Protocol on the statute of the European Monetary Institute - Article 16: Financial resources  

Official Journal C 191 , 29/07/1992 P. 0083

 Article 16  Financial resources 16.1. The EMI shall be endowed with its own resources. The size of the resources of the EMI shall be determined by the Council of the EMI with a view to ensuring the income deemed necessary to cover the administrative expenditure incurred in the performance of the tasks and functions of the EMI.  16.2. The resources of the EMI determined in accordance with Article 16.1 shall be provided out of contributions by the national central banks in accordance with the key referred to in Article 29.1 of the Statute of the ESCB and be paid up at the establishment of the EMI. For this purpose, the statistical data to be used for the determination of the key shall be provided by the Commission, in accordance with the rules adopted by the Council, acting by a qualified majority on a proposal from the Commission and after consulting the European Parliament, the Committee of Governors and the Committee referred to in Article 109c of this Treaty.  16.3. The Council of the EMI shall determine the form in which contributions shall be paid up.