Decision of the European Central Bank of 7 October 1999 amending the Rules of Procedure of the European Central Bank (ECB/1999/6)

DECISION OF THE EUROPEAN CENTRAL BANK
of 7 October 1999
amending the Rules of Procedure of the European Central Bank
(ECB/1999/6)
(1999/810/EC)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK
,
Having regard to the Statue of the European System of Central Banks and of the European Central Bank (hereinafter referred to as the "Statute") and in particular to Article 12.3 thereof;
Having regard to the proposal of the Executive Board of the European Central Bank (ECB);
(1) Whereas, to reinforce the means available for combating fraud and other illegal activities detrimental to the financial interests of the ECB, the ECB is to establish an independent anti-fraud comittee to monitor the activities of the ECB to this end;
(2) Whereas, to ensure the effectiveness of the activities of the ECB to this end, the anti-fraud committee needs to be able to carry out its task independently within the organisation of the ECB;
(3) Whereas the Rules of Procedure of the European Central Bank, as they stand, do not allow the establishment of an independent anti-fraud committee;
(4) Whereas the Rules of Procedure of the European Central Bank, as they stand, only empower the President of the ECB to sign Decisions of the Executive Board of the ECB; whereas in order to ensure flexibility it is necessary to enable members of the Executive Board other than the President to sign the Decisions of the Executive Board of the ECB;
(5) Whereas the Rules of Procedure of the European Central Bank need to be amended accordingly,