natgillin/translations-raw huggingface dataset:
All other operations in foreign reserve assets remaining with the national central banks afur the transfers referred to in Arricle 30 , and Member States » transactions with their foreign exchange working balances shall , above a certain limit to be established within the framework of Article 31.3 , be subject to approval by the ECB in order to ensure consistency with the exchange rate and monetaly policies of the Community .
All other operations in foreign reserve assets remaining with the national central banks afur the transfers referred to in Arricle 30 , and Member States » transactions with their foreign exchange working balances shall , above a certain limit to be established within the framework of Article 31.3 , be subject to approval by the ECB in order to ensure consistency with the exchange rate and monetaly policies of the Community .
The Governing Council shall issue guidelines with a view to facilitating such operations .
The Governing Council shall issue guidelines with a view to facilitating such operations .
Atticle 32
Atticle 32
The sum of the national central banks » monetaly income shall be allocated to the national central banks in proponion to their paid-up shares in the capital of the ECB , subject to any decision taken by the Governing Council pursuant to Article 33.2 .
The sum of the national central banks » monetaly income shall be allocated to the national central banks in proponion to their paid-up shares in the capital of the ECB , subject to any decision taken by the Governing Council pursuant to Article 33.2 .
The clearing and settlement of the balances arising from the allocation of monemy income shall be carried out by the ECB in accordance with guidelines established by the Governing Council .
The clearing and settlement of the balances arising from the allocation of monemy income shall be carried out by the ECB in accordance with guidelines established by the Governing Council .
The Governing Council shall take all other measures necessaly for the application of this Anicle .
The Governing Council shall take all other measures necessaly for the application of this Anicle .
Allocation of net profits aad losses of the ECB 33.1 .
Allocation of net profits aad losses of the ECB 33.1 .
The net profit of the ECB shall be mnsferred in the following order : ( a ) an amount W be determined by the Governing Council , which may not exceed 20 % of the net ~ profit , shall be transferred to the general reserve fund subject W a limit equal to 100 % of the capital ;
The net profit of the ECB shall be mnsferred in the following order : ( a ) an amount W be determined by the Governing Council , which may not exceed 20 % of the net ~ profit , shall be transferred to the general reserve fund subject W a limit equal to 100 % of the capital ;
( b ) the remaining net profit shall be distributed to the shareholders of the ECB in proportion to their paid-up shares .
( b ) the remaining net profit shall be distributed to the shareholders of the ECB in proportion to their paid-up shares .
In the event of a loss incurred by the ECB , the shortfall may be offset against the general reserve fund of the ECB and , if necessaly , following a decision by the Governing Council , against the monetaly inwme of the relevant financial year in proponion and up to the amounts allocated t the national central banks in o accordance with Article 32.5 .
In the event of a loss incurred by the ECB , the shortfall may be offset against the general reserve fund of the ECB and , if necessaly , following a decision by the Governing Council , against the monetaly inwme of the relevant financial year in proponion and up to the amounts allocated t the national central banks in o accordance with Article 32.5 .
Allocation of monetary income of national cenbal b
Allocation of monetary income of national cenbal b
The income accming to the national central banks in the performance of the ESCB 's monetaly policy function ( hereinafter referred to as « monetaly income ') shall be allocated at the end of each financial year in acwrdance with the provisions of this Article .
The income accming to the national central banks in the performance of the ESCB 's monetaly policy function ( hereinafter referred to as « monetaly income ') shall be allocated at the end of each financial year in acwrdance with the provisions of this Article .
Subject W Anicle 32.3 , the amount of each national central bank 's monetary income shall be equal to its annual inwme derived from its assets held against notes in circulation and deposit liabilities to credit institutions .
Subject W Anicle 32.3 , the amount of each national central bank 's monetary income shall be equal to its annual inwme derived from its assets held against notes in circulation and deposit liabilities to credit institutions .
These assets shall be earmarked by national cenml banks in accordance with guidelines to be established by the Governing Council .
These assets shall be earmarked by national cenml banks in accordance with guidelines to be established by the Governing Council .
If , a f u r the start of the third stage , the balance sheet structures of the national central banks do not , in the judgment of the Governing Council , permit the application of Anicle 32.2 , the Governing Council , acting by a qualified majority , may decide that , by way of derogation from Article 32.2 , monetaly income shall be measured according W an alternative method for a period of not mote than five years .
If , a f u r the start of the third stage , the balance sheet structures of the national central banks do not , in the judgment of the Governing Council , permit the application of Anicle 32.2 , the Governing Council , acting by a qualified majority , may decide that , by way of derogation from Article 32.2 , monetaly income shall be measured according W an alternative method for a period of not mote than five years .
The amount of each national central bank 's monetaly income shall be reduced by an amount equivalent to any interest paid by that cenml bank on its deposit liabilities to credit institutions in accordance with Article 19 .
The amount of each national central bank 's monetaly income shall be reduced by an amount equivalent to any interest paid by that cenml bank on its deposit liabilities to credit institutions in accordance with Article 19 .
The Governing Council may decide that national cenml banks shall be indemnified against costs incurred in connection with the issue of bank n o u s o r in exceptional circumstances for specific losses vising from monemy policy operations undertaken for the ESCB .
The Governing Council may decide that national cenml banks shall be indemnified against costs incurred in connection with the issue of bank n o u s o r in exceptional circumstances for specific losses vising from monemy policy operations undertaken for the ESCB .
Indemnification shall be in a form deemed appropriate in the judgment of the Governing Council ;
Indemnification shall be in a form deemed appropriate in the judgment of the Governing Council ;
these amounts may be offset against the national cenml banks » monetary income .
these amounts may be offset against the national cenml banks » monetary income .
GENERAL PROVlSlONS Article 34
GENERAL PROVlSlONS Article 34
acts
acts
In acwrdance with Anicle lO8a of this Treaty , the ECB shall :
In acwrdance with Anicle lO8a of this Treaty , the ECB shall :
- make regulations to the extent necessary
- make regulations to the extent necessary
implement the tasks defined in Article 3.1 , first indent , Arricles 19.1 , 22 or 25.2 and in cases which shall be laid down in the acts of the Council referred to in Arricle 42 ;
implement the tasks defined in Article 3.1 , first indent , Arricles 19.1 , 22 or 25.2 and in cases which shall be laid down in the acts of the Council referred to in Arricle 42 ;
- take decisions necessaly for carrying out the tasks enwusted Statute ;
- take decisions necessaly for carrying out the tasks enwusted Statute ;
the ESCB under this Treaty and this
the ESCB under this Treaty and this
No C 191/76
No C 191/76
observations .
observations .
If the national central bank concerned does not comply with the opinion within the period laid down by the ECB , the latter may bring the matter before the Coun of Justice .
If the national central bank concerned does not comply with the opinion within the period laid down by the ECB , the latter may bring the matter before the Coun of Justice .
Article 36 Recommendations and opinions shall have no binding force .
Article 36 Recommendations and opinions shall have no binding force .
A decision shall be binding in its entirety upon those m
A decision shall be binding in its entirety upon those m
w i c k s 190 to 192 of this Treaty shall apply lations and decisions adopted by the ECB .
w i c k s 190 to 192 of this Treaty shall apply lations and decisions adopted by the ECB .
The Governing Council , on a proposal from the Executive Board , shall lay down the conditions of employment of the staff of the ECB .
The Governing Council , on a proposal from the Executive Board , shall lay down the conditions of employment of the staff of the ECB .
The C o u n of Justice shall have jurisdiction in any dispute between the ECB and irs servants within the limits and under the conditions laid down in the wnditions of employment .
The C o u n of Justice shall have jurisdiction in any dispute between the ECB and irs servants within the limits and under the conditions laid down in the wnditions of employment .
regu -
regu -
Within the limits and under the wnditions adopted by the Council under the procedure laid down in Anicle 42 , the ECB shall be entitled W impose fines or periodic penalty payments on undertakings for failure to comply with obligations under its regulations and decisions .
Within the limits and under the wnditions adopted by the Council under the procedure laid down in Anicle 42 , the ECB shall be entitled W impose fines or periodic penalty payments on undertakings for failure to comply with obligations under its regulations and decisions .
Sat Before the end of 1992 , the decision u to where the seat of the ECB will be established shall be uken by common accord of the governments of the Member States at the « level of Heads of State or of Government .
Sat Before the end of 1992 , the decision u to where the seat of the ECB will be established shall be uken by common accord of the governments of the Member States at the « level of Heads of State or of Government .
Article 31
Article 31
Article 38 35.1 .
Article 38 35.1 .
The acts or omissions of the ECB shall be open to
The acts or omissions of the ECB shall be open to
review or interpretation by the C o u n of Justice in the u s e s and under the conditions laid down in this Treaty .
review or interpretation by the C o u n of Justice in the u s e s and under the conditions laid down in this Treaty .
The ECB may institute proceedings in the cases and under the conditions laid down in this Treaty .
The ECB may institute proceedings in the cases and under the conditions laid down in this Treaty .
Disputes between the ECB , on the one hand , and its creditors , debtors or any other person , on the other , shall be decided by the competent national couns , save where jurisdiction has been conferred upon the C o u n of Justice .
Disputes between the ECB , on the one hand , and its creditors , debtors or any other person , on the other , shall be decided by the competent national couns , save where jurisdiction has been conferred upon the C o u n of Justice .
The ECB shall be subject to the liability regime provided for in Arricle 215 of this Treaty .
The ECB shall be subject to the liability regime provided for in Arricle 215 of this Treaty .
The national central banks shall be liable according to their respective national laws .
The national central banks shall be liable according to their respective national laws .
The C o u n of Justice shall have jurisdiction W give judgment pursuant m any arbitration clause contained in a contract concluded by o r on behalf of the ECB , whether that contract be governed by public o r private law .
The C o u n of Justice shall have jurisdiction W give judgment pursuant m any arbitration clause contained in a contract concluded by o r on behalf of the ECB , whether that contract be governed by public o r private law .
A decision of the ECB to bring an action before the Coun of Justice shall be taken by the Governing Council .
A decision of the ECB to bring an action before the Coun of Justice shall be taken by the Governing Council .
The C o u n of Justice shall have jurisdiction in disputes concerning the fulfilment by a national cenual bank of obligations under this Statute .
The C o u n of Justice shall have jurisdiction in disputes concerning the fulfilment by a national cenual bank of obligations under this Statute .
If the ECB considers that a national central bank has failed to fulfil an obligation under this Statute , it shall deliver a reasoned opinion on the matter afrer giving the national central bank concerned the opponunity to submit its
If the ECB considers that a national central bank has failed to fulfil an obligation under this Statute , it shall deliver a reasoned opinion on the matter afrer giving the national central bank concerned the opponunity to submit its
Members of the governing bodies and the staff of the ECB and the national central banks shall be required , even afrer their dudes have ceased , not to disclose information of the kind covered by the obligation of professional secrecy .
Members of the governing bodies and the staff of the ECB and the national central banks shall be required , even afrer their dudes have ceased , not to disclose information of the kind covered by the obligation of professional secrecy .
Persons having access to data covered by Community legislation imposing an obligation of secrecy shall be subject to such legislation .
Persons having access to data covered by Community legislation imposing an obligation of secrecy shall be subject to such legislation .
Article 39
Article 39
The ECB shall be legally committed W third parties by the President or by two members of the Executive Board or by the signatures of two members of the staff of the ECB who have been duly authorized by the President W sign on behalf of the ECB .
The ECB shall be legally committed W third parties by the President or by two members of the Executive Board or by the signatures of two members of the staff of the ECB who have been duly authorized by the President W sign on behalf of the ECB .
The ECB shall enjoy in the territories of the Member States such privileges and immuniues as are necessary for the performance of its tuks , under the conditions laid down in the Protocol on the Privileges and Immunities of the European Communities annexed to the Treaty establishing a Single Council and a Single Commission of the European Communities .
The ECB shall enjoy in the territories of the Member States such privileges and immuniues as are necessary for the performance of its tuks , under the conditions laid down in the Protocol on the Privileges and Immunities of the European Communities annexed to the Treaty establishing a Single Council and a Single Commission of the European Communities .
Officid Journal of the European Communities
Officid Journal of the European Communities
N o C 191/77
N o C 191/77
CHAF' TER W1 1 AhfENDMENT OF THE STATUTE AND COMPLEMENTARY LEGISLATION
CHAF' TER W1 1 AhfENDMENT OF THE STATUTE AND COMPLEMENTARY LEGISLATION
following Anicles o f this Statute : 9.2 , 10.1 , 10.3 , 12.1 , 16 , 17 , 18 , 22 , 23 , 27 , 30 , 31 , 32 , 33.2 and 52 .
following Anicles o f this Statute : 9.2 , 10.1 , 10.3 , 12.1 , 16 , 17 , 18 , 22 , 23 , 27 , 30 , 31 , 32 , 33.2 and 52 .
« Shwholders » 33.1 .
« Shwholders » 33.1 .
« Subscribed capital of the ECB » shall be read as « capital of the ECB subscribed by the c e n d banks of Member States without a derogation » in Articles 10.3 and 30.2 .
« Subscribed capital of the ECB » shall be read as « capital of the ECB subscribed by the c e n d banks of Member States without a derogation » in Articles 10.3 and 30.2 .
Amcle 41 Simplified mcndment procedure 41.1 .
Amcle 41 Simplified mcndment procedure 41.1 .
In accordance with Anicle 106 ( 5 ) of this Treaty , Anicles 5.1 , 5.2 , 5.3 , 17 , 18 , 19.1 , 22 , 23 , 24 , 26 , 32.2 , 32.3 , 32.4 , 32.6 , 33 .
In accordance with Anicle 106 ( 5 ) of this Treaty , Anicles 5.1 , 5.2 , 5.3 , 17 , 18 , 19.1 , 22 , 23 , 24 , 26 , 32.2 , 32.3 , 32.4 , 32.6 , 33 .
l ( a ) and 36 of this Statute may be
l ( a ) and 36 of this Statute may be
shall be read as « c e n d banks of Member States without a derogation » in Articles 10.3 and
shall be read as « c e n d banks of Member States without a derogation » in Articles 10.3 and
amended by the Council , acting either by a qualified majority on a recommendation from the ECB and after consulting the Commission , or unanimously on a proposal from the Commission and after consulting the ECB .
amended by the Council , acting either by a qualified majority on a recommendation from the ECB and after consulting the Commission , or unanimously on a proposal from the Commission and after consulting the ECB .
In either case the assent of the European Parliament shall be requ ~ red .
In either case the assent of the European Parliament shall be requ ~ red .
A recommendation made by the ECB under this
A recommendation made by the ECB under this
Amcle 44 Tnnsitional tasks of & c ECB The ECB shall cake over those tasks of the EM1 which , because of the derogations of one or more Member States , still have t be performed in the third stade .
Amcle 44 Tnnsitional tasks of & c ECB The ECB shall cake over those tasks of the EM1 which , because of the derogations of one or more Member States , still have t be performed in the third stade .
o The ECB shall give advice in the preparations for the abrogation of the derogations specified in Anicle 109k of this Treaty .
o The ECB shall give advice in the preparations for the abrogation of the derogations specified in Anicle 109k of this Treaty .
Amcle 4 ></p>
Amcle 4 ></p>
Anicle shall require a unanimous decision by the Governing Council .
Anicle shall require a unanimous decision by the Governing Council .
Article 42
Article 42
In accordance with Article 106 ( 6 ) of this Treaty , immediately after the decision on the date for the beginning of the third stage , the Council , acting by a qualified majority either on a proposd from the Commission and after consulting the » European Parliament and the ECB or on a recommendation from the ECB and after consulting the European Parliament and the Commission , shall adopt the provisions referred to in Articles 4 , 5.4 , 19.2 , 20 , 28.1 , 29.2 , 30.4 and 34.3 of this Statute .
In accordance with Article 106 ( 6 ) of this Treaty , immediately after the decision on the date for the beginning of the third stage , the Council , acting by a qualified majority either on a proposd from the Commission and after consulting the » European Parliament and the ECB or on a recommendation from the ECB and after consulting the European Parliament and the Commission , shall adopt the provisions referred to in Articles 4 , 5.4 , 19.2 , 20 , 28.1 , 29.2 , 30.4 and 34.3 of this Statute .
The General Council of the ECB 45.1 .
The General Council of the ECB 45.1 .
Without prejudice t Anicle 106 ( 3 ) of this Treaty , o the General Council shall be constituted as a third decision-making body of the ECB .
Without prejudice t Anicle 106 ( 3 ) of this Treaty , o the General Council shall be constituted as a third decision-making body of the ECB .
The General Council shall comprise the President
The General Council shall comprise the President
and Vice-President of the ECB and the Governors of the national central banks .
and Vice-President of the ECB and the Governors of the national central banks .
The other members of the Executive Board may participate , without having the right to vote , in meetings of the General Council .
The other members of the Executive Board may participate , without having the right to vote , in meetings of the General Council .
The responsibilities of the General Council are listed in full in Anicle 47 of this Statute .
The responsibilities of the General Council are listed in full in Anicle 47 of this Statute .
TRANSITIONAL AND OTHER PROVISIONS FOR THE ESCB
TRANSITIONAL AND OTHER PROVISIONS FOR THE ESCB
Article 43 G e n d provisions
Article 43 G e n d provisions
Article 46 Rules of procedure of the General Council 46.1 .
Article 46 Rules of procedure of the General Council 46.1 .
The President or , in his absence , the VicePresident of the ECB shall chair the General Council of the ECB .
The President or , in his absence , the VicePresident of the ECB shall chair the General Council of the ECB .
The President of the Council and a member of the Commission may participate , without having the right to vote , in meetings of the General Council .
The President of the Council and a member of the Commission may participate , without having the right to vote , in meetings of the General Council .
The President shall prepare the meetings of the General Council .
The President shall prepare the meetings of the General Council .
By way of derogation from Anicle 12.3 , the General Council shall adopt its Rules of Procedure .
By way of derogation from Anicle 12.3 , the General Council shall adopt its Rules of Procedure .
The Secretariat of the General Council shall be provided by the ECB .
The Secretariat of the General Council shall be provided by the ECB .
A derogation as referred to in Anicle 109k ( l ) of this Treaty shall entail that the following Articles of this Statute shall not confer any rights or impose any obligations on the Member State concerned : 3 , 6 , 9.2 , 12.1 , 14.3 , 16 , 18 , 19 , 20 , 22 , 23 , 26.2 , 27 , 30 , 31 , 32 , 33 , 34 , 50 and 52 .
A derogation as referred to in Anicle 109k ( l ) of this Treaty shall entail that the following Articles of this Statute shall not confer any rights or impose any obligations on the Member State concerned : 3 , 6 , 9.2 , 12.1 , 14.3 , 16 , 18 , 19 , 20 , 22 , 23 , 26.2 , 27 , 30 , 31 , 32 , 33 , 34 , 50 and 52 .
The central banks of Member States with a derogation as specified in Anicle 109k ( l ) of this Treaty shall retain their powers in the field of monetary policy according to national law .
The central banks of Member States with a derogation as specified in Anicle 109k ( l ) of this Treaty shall retain their powers in the field of monetary policy according to national law .
In accordance with Article 109k ( 4 ) of this Treaty ,
In accordance with Article 109k ( 4 ) of this Treaty ,
« Member States » shall be read as « Member States without a derogation » in the following Anicles of this Statute : 3 , 11.2 , 19 , 34.2 and 50 .
« Member States » shall be read as « Member States without a derogation » in the following Anicles of this Statute : 3 , 11.2 , 19 , 34.2 and 50 .
« National central banks » shall be read as « central banks of Member States without a derogation » in the
« National central banks » shall be read as « central banks of Member States without a derogation » in the
N o C 191/78
N o C 191/78
Anick 4 7
Anick 4 7
Ruponsiiticr of the Gcnenl Council 47.1 .
Ruponsiiticr of the Gcnenl Council 47.1 .
The General Council shall :
The General Council shall :
- perform the tasks referred to in Anicle 44 ;
- perform the tasks referred to in Anicle 44 ;
- contribute to the advisory functions referred Articles 4 and 25.1 .
- contribute to the advisory functions referred Articles 4 and 25.1 .
The General Council shall contribute to :
The General Council shall contribute to :
share of the capital of the ECB to the same extent as the central banks of other Member States without a derogation , and shall transfer W the ECB foreign reserve assets in accordance with Anicle 30.1 .
share of the capital of the ECB to the same extent as the central banks of other Member States without a derogation , and shall transfer W the ECB foreign reserve assets in accordance with Anicle 30.1 .