2012/458/EU: Decision of the European Central Bank of 17 July 2012 on the sub-delegation of powers to grant, renew or extend accreditations (ECB/2012/15)

4.8.2012 EN Official Journal of the European Union L 209/17
DECISION OF THE EUROPEAN CENTRAL BANK
of 17 July 2012
on the sub-delegation of powers to grant, renew or extend accreditations
(ECB/2012/15)
(2012/458/EU)
THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK
,
Having regard to Decision ECB/2011/8 of 21 June 2011 on the environmental and health and safety accreditation procedures for the production of euro banknotes (1) and in particular Article 2(3) thereof,
Having regard to Decision ECB/2010/22 of 25 November 2010 on the quality accreditation procedure for manufacturers of euro banknotes (2) and in particular Article 2(4) thereof,
Whereas:
(1) The Executive Board is competent to take all decisions relating to a manufacturer’s environmental and health and safety accreditation in accordance with Article 2(3) of Decision ECB/2011/8 and quality accreditation in accordance with Article 2(4) of Decision ECB/2010/22 (hereinafter collectively referred to as the ‘accreditations’) as well as to sub-delegate the powers to grant, renew or extend accreditations to one or more of its members.
(2) There are a large number of individual accreditations that are granted or renewed on an annual basis which are subject to Decisions ECB/2011/8 and ECB/2010/22. Therefore, to further streamline the accreditation procedure, the Executive Board considers it necessary and appropriate to sub-delegate the power to grant, renew or extend accreditations to the member of the Executive Board to whom the Directorate Banknotes reports.
(3) To safeguard the Executive Board’s collective responsibility, the member of the Executive Board to whom the sub-delegation is granted should provide an annual report on accreditation decisions to the Executive Board,