2004/49/EC: Decision of the European Central Bank of 18 December 2003 amending Decision ECB/2001/15 of 6 December 2001 on the issue of euro banknotes (ECB/2003/23)

Decision of the European Central Bank
of 18 December 2003
amending Decision ECB/2001/15 of 6 December 2001 on the issue of euro banknotes
(ECB/2003/23)
(2004/49/EC)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK
,
Having regard to the Treaty establishing the European Community and in particular Article 106(1) thereof, and to the Statute of the European System of Central Banks and of the European Central Bank and in particular Article 16 thereof,
Having regard to Decision ECB/2001/15 of 6 December 2001 on the issue of euro banknotes(1),
Whereas:
(1) Article 1(c) of Decision ECB/2001/15 defines "subscribed capital key" by reference to Decision ECB/1998/13 of 1 December 1998 on the national central banks' percentage shares in the key for the capital of the European Central Bank(2).
(2) Article 1(d) of Decision ECB/2001/15 defines the "banknote allocation key" by reference to the Annex to Decision ECB/2001/15 which specifies the key applying on 1 January 2002.
(3) Decision ECB/2003/17 of 18 December 2003 on the national central banks' percentage shares in the key for subscription to the European Central Bank's capital(3) repeals Decision ECB/1998/13 with effect from 1 January 2004 and lays down the new weightings assigned to the national central banks (NCBs) in the key for subscription to the ECB's capital.
(4) Decision ECB/2001/15 needs to be amended accordingly in order to determine the banknote allocation key applying from 1 January 2004. The amendment should also introduce a general definition of the term "subscribed capital key" in order to avoid future amendments to Decision ECB/2001/15 each time the ECB's capital key is adjusted,