natgillin/translations-raw huggingface dataset:
These rules shall ensure that transactions with these reserves shall not interfere with the monetary policy and exchange rate policy of the competent monetary authority of any Member State and shall be consistent with the objectives of the EM1 and the proper functioning of the Exchange Rate Mechanism of the EMS .
These rules shall ensure that transactions with these reserves shall not interfere with the monetary policy and exchange rate policy of the competent monetary authority of any Member State and shall be consistent with the objectives of the EM1 and the proper functioning of the Exchange Rate Mechanism of the EMS .
this principle and not to seek to influence the Council of the EM1 in the performance of its tasks .
this principle and not to seek to influence the Council of the EM1 in the performance of its tasks .
Article 9 Administration 9.1 .
Article 9 Administration 9.1 .
In accordance with Article 109f ( l ) of thn Treaty , the EM1 shall be directed and managed by the Council of the EMI .
In accordance with Article 109f ( l ) of thn Treaty , the EM1 shall be directed and managed by the Council of the EMI .
The Council of the EM1 shall consist of a President and the Governors of the national central banks , one of whom shall be Vice-President .
The Council of the EM1 shall consist of a President and the Governors of the national central banks , one of whom shall be Vice-President .
If a Governor is prevented from attending a meeting , he may nominate another representative of his institution .
If a Governor is prevented from attending a meeting , he may nominate another representative of his institution .
The President shall be appointed by common accord of the governments of the Member States at the level of Heads of State or of Government , on a recommendation from , as the case may be , the Committee of Governors or the Council of the EMI , and after consulting the European Parliament and the Council .
The President shall be appointed by common accord of the governments of the Member States at the level of Heads of State or of Government , on a recommendation from , as the case may be , the Committee of Governors or the Council of the EMI , and after consulting the European Parliament and the Council .
The President shall be selected from among persons of recognized standing and professional experience in monetary or banking marten .
The President shall be selected from among persons of recognized standing and professional experience in monetary or banking marten .
Onky nationals of Member States may be President of the EMI .
Onky nationals of Member States may be President of the EMI .
The President and VicePresident shall be appointed for a period of three years .
The President and VicePresident shall be appointed for a period of three years .
The President shall perform his duties on a full-time basis .
The President shall perform his duties on a full-time basis .
H e shall not engage in any occupation , whether gainful or not , unless exemption is exceptionally granted by the Council of the EMI .
H e shall not engage in any occupation , whether gainful or not , unless exemption is exceptionally granted by the Council of the EMI .
The President shall :
The President shall :
Once a year the EM1 shall address a repon to the Council on the state of the preparations for the third stage .
Once a year the EM1 shall address a repon to the Council on the state of the preparations for the third stage .
These reporrs shall include m assessment of the progress towards convergence in the Community , and cover in panicular the adaptation of monetary policy instruments and the preparation of the procedures n e c e s s q for carrying out a single monetary policy in the third stage , as well as the statutory requirements to be fulfilled for nat ~ onal central banks to become an integral pan of the ESCB .
These reporrs shall include m assessment of the progress towards convergence in the Community , and cover in panicular the adaptation of monetary policy instruments and the preparation of the procedures n e c e s s q for carrying out a single monetary policy in the third stage , as well as the statutory requirements to be fulfilled for nat ~ onal central banks to become an integral pan of the ESCB .
In accordance with the Council decisions referred to in Article 109f ( 7 ) of this Treary , the EM1 may perform other tasks for the preparation of the third stage .
In accordance with the Council decisions referred to in Article 109f ( 7 ) of this Treary , the EM1 may perform other tasks for the preparation of the third stage .
- prepare and chair the meetings of the Council of the EMI ;
- prepare and chair the meetings of the Council of the EMI ;
- without prejudice to Article 22 , present the views of the EM1 externally ;
- without prejudice to Article 22 , present the views of the EM1 externally ;
- be responsible for the day-to-day management of the EMI .
- be responsible for the day-to-day management of the EMI .
In the absence of the President , his duties shall be performed by the Vice-President .
In the absence of the President , his duties shall be performed by the Vice-President .
The terms and conditions of employment of the President , in panicular his salary , pension and other social security benefits , shall be the subject of a contact with the EM1 and shall be fixed by the Council of the EM1 on a proposal from a Committee comprising three members appointed by the Committee of Governors o r the Council of the EMI , as the case may be , and three members appointed by the Council .
The terms and conditions of employment of the President , in panicular his salary , pension and other social security benefits , shall be the subject of a contact with the EM1 and shall be fixed by the Council of the EM1 on a proposal from a Committee comprising three members appointed by the Committee of Governors o r the Council of the EMI , as the case may be , and three members appointed by the Council .
The President shall not have the right to vote on matters referred to in this paragraph .
The President shall not have the right to vote on matters referred to in this paragraph .
If the President no longer fulfils the conditions required for the performance of his duties or if he has been guilty of serious misconduct , the Court of Justice
If the President no longer fulfils the conditions required for the performance of his duties or if he has been guilty of serious misconduct , the Court of Justice
The members of the Council of the EM1 who are the representatives of their institutions shall , with respect to their activities , act according to their own responsibilities .
The members of the Council of the EM1 who are the representatives of their institutions shall , with respect to their activities , act according to their own responsibilities .
In exercising the powers and performing the tasks and duties conferred upon them by this Treaty and this Statute , the Council of the EM1 may not seek or take any instructions from Community institutions or bodies or governmenu of Member States .
In exercising the powers and performing the tasks and duties conferred upon them by this Treaty and this Statute , the Council of the EM1 may not seek or take any instructions from Community institutions or bodies or governmenu of Member States .
The Community institutions and bodies as well as the governments of the Member States undertake to respect
The Community institutions and bodies as well as the governments of the Member States undertake to respect
No C 191/82
No C 191/82
Official Journa ) of the European Communities
Official Journa ) of the European Communities
may , on application by the Council of the EMI , compulsorily retire him .
may , on application by the Council of the EMI , compulsorily retire him .
The Rules of Procedure of the EM1 shall be adopted by the Council of the EMI .
The Rules of Procedure of the EM1 shall be adopted by the Council of the EMI .
The operations of the EMI shall be expressed in ECUs .
The operations of the EMI shall be expressed in ECUs .
M +
M +
of chr C 4 of the EM1 ~ d voIin6 prOcOdurn Before the end of 1992 , the decision a to where the seat s of the EM1 will be e d l i h e d shall be taken by common accord of the govemmentc of the Member States at the level of Heads of State or of Government .
of chr C 4 of the EM1 ~ d voIin6 prOcOdurn Before the end of 1992 , the decision a to where the seat s of the EM1 will be e d l i h e d shall be taken by common accord of the govemmentc of the Member States at the level of Heads of State or of Government .
The Council of the EM1 shall meet at least ten times a year .
The Council of the EM1 shall meet at least ten times a year .
The proceedings of Council meetings shall be confidential .
The proceedings of Council meetings shall be confidential .
The Council of the EM1 may , acting unanimously , decide to make the oumme of itc deliberations public .
The Council of the EM1 may , acting unanimously , decide to make the oumme of itc deliberations public .
Each member of the Council of the EM1 or his nominee shall have one vote .
Each member of the Council of the EM1 or his nominee shall have one vote .
Save a otherwise provided for in this Statute , the s Council of the EM1 shall m by a simple majority of iu members .
Save a otherwise provided for in this Statute , the s Council of the EM1 shall m by a simple majority of iu members .
Decisions to be taken in the conten of Articles 4.2 , 04 5.4 , 6.2 and 6.3 shall require unanimity of the memben of the Council of the EMI .
Decisions to be taken in the conten of Articles 4.2 , 04 5.4 , 6.2 and 6.3 shall require unanimity of the memben of the Council of the EMI .
The adoption of opinions and rcwmmendations under Articles 5 1 and 5.2 , the adoption of decisions under .
The adoption of opinions and rcwmmendations under Articles 5 1 and 5.2 , the adoption of decisions under .
Articles 6.4 , 16 and 23.6 and the adoption of guidelines under Article 15.3 shall require a qualified majority of two thirds of the memben of the Council of the EMI .
Articles 6.4 , 16 and 23.6 and the adoption of guidelines under Article 15.3 shall require a qualified majority of two thirds of the memben of the Council of the EMI .
The EMI , which in accordance with Article 109f ( l ) of this Treaty shall have legal personality , shall enjoy in each of the Member States thc most extensive legal capacity accorded to legal persons under their law ;
The EMI , which in accordance with Article 109f ( l ) of this Treaty shall have legal personality , shall enjoy in each of the Member States thc most extensive legal capacity accorded to legal persons under their law ;
it may , in particular , aquire or dispose of movable or immovable property and may be a party to legal proceedings .
it may , in particular , aquire or dispose of movable or immovable property and may be a party to legal proceedings .
Article l ></p>
Article l ></p>
In the perfomance of itc tasks , and under the conditions laid down in this Statute , the EM1 shall : 11.1 .
In the perfomance of itc tasks , and under the conditions laid down in this Statute , the EM1 shall : 11.1 .
The President of the Council and a member of the Commission may participate , without having the right to vote , in meetings of the Council of the EMI .
The President of the Council and a member of the Commission may participate , without having the right to vote , in meetings of the Council of the EMI .
The President of the EMI shall be invited to participate in Council meetings when the Council is discussing maners relating to the objectives and tasks of the EMI .
The President of the EMI shall be invited to participate in Council meetings when the Council is discussing maners relating to the objectives and tasks of the EMI .
At a date to be established in the Rules of Procedure , the EM1 shall prepare an annual report on itc activities and on monetary and financial conditions in the Community .
At a date to be established in the Rules of Procedure , the EM1 shall prepare an annual report on itc activities and on monetary and financial conditions in the Community .
The annual repon , togerher with the annual accountc of the EMI , shall be addressed to the European Parliament , the Council and the Commission and also to the European Council .
The annual repon , togerher with the annual accountc of the EMI , shall be addressed to the European Parliament , the Council and the Commission and also to the European Council .
- deliver opinions ;
- deliver opinions ;
- make recommendations ;
- make recommendations ;
- adopt guidelines , and take decisions , which shall be addressed to the national central banks .
- adopt guidelines , and take decisions , which shall be addressed to the national central banks .
Opinions and recommendations of the EM1 shall have no binding force .
Opinions and recommendations of the EM1 shall have no binding force .
The Council of the EM1 may adopt guidelines laying down the methods for the implementation of the conditions necessary for the ESCB to perform itc functions in the third stage .
The Council of the EM1 may adopt guidelines laying down the methods for the implementation of the conditions necessary for the ESCB to perform itc functions in the third stage .
EM1 guidelines shall have no binding force ;
EM1 guidelines shall have no binding force ;
they shall be submitted for decision to the ECB .
they shall be submitted for decision to the ECB .
Without prejudice to Article 3.1 , a decision of the EM1 shall be binding in itc entirety upon those to whom it is addressed .
Without prejudice to Article 3.1 , a decision of the EM1 shall be binding in itc entirety upon those to whom it is addressed .
Articles 190 and 191 of this Treaty shall apply to these decisions .
Articles 190 and 191 of this Treaty shall apply to these decisions .
The President of the EM1 may , at the request of the European Parliament or on his own initiative , be heard by the compmnt Commitues of the European Parliament .
The President of the EM1 may , at the request of the European Parliament or on his own initiative , be heard by the compmnt Commitues of the European Parliament .
Repom published by the EM1 shall be made available W intercad parties free of charge .
Repom published by the EM1 shall be made available W intercad parties free of charge .
No C 1 9 1 0 3
No C 1 9 1 0 3
of the EMI .
of the EMI .
Any remaining shortfall shall be made goad by contributions from the national central b m h , in accordance with the locy as refemd to in Article 16.2 .
Any remaining shortfall shall be made goad by contributions from the national central b m h , in accordance with the locy as refemd to in Article 16.2 .
The EM1 shall be endowed with its own resource .
The EM1 shall be endowed with its own resource .
The size of the resources of the EM1 shall be determined by the Council of the EM1 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 .
The size of the resources of the EM1 shall be determined by the Council of the EM1 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 .
The resources of the EM1 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 .
The resources of the EM1 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 .
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 .
The Council of the EM1 shall determine the form in which contributions shall be paid up .
The Council of the EM1 shall determine the form in which contributions shall be paid up .
Article 1 7
Article 1 7
The Council of the EM1 shall lay down the conditions of employment of the staff of the E M .
The Council of the EM1 shall lay down the conditions of employment of the staff of the E M .
The C o u n of Justice shall have jurisdiction in any dispute between the EM1 and its servants within - the limits and under the conditions laid down in the conditions of employment .
The C o u n of Justice shall have jurisdiction in any dispute between the EM1 and its servants within - the limits and under the conditions laid down in the conditions of employment .
Judicial control and & tcd
Judicial control and & tcd
mnnm
mnnm
The a m or omissions of the EM1 shall be open to review o r interpretation by the C o u n of Justice in the cases and under the conditions laid down in this Treaty .
The a m or omissions of the EM1 shall be open to review o r interpretation by the C o u n of Justice in the cases and under the conditions laid down in this Treaty .
The EM1 may instituu proceedings in the cases and under the conditions laid down in this Treaty .
The EM1 may instituu proceedings in the cases and under the conditions laid down in this Treaty .
Disputes between the EMI , on the one hand , and its creditors , debtors or any other person , on the other , shall fall within the jurisdiction of the competent national courts , save where jurisdiction has been conferred upon the C o u n of Justice .
Disputes between the EMI , on the one hand , and its creditors , debtors or any other person , on the other , shall fall within the jurisdiction of the competent national courts , save where jurisdiction has been conferred upon the C o u n of Justice .
The EM1 shall be subject to the liability regime provided for in Article 215 of this Treaty .
The EM1 shall be subject to the liability regime provided for in Article 215 of this Treaty .
The C o u n of Justice shall have jurisdiction to give judgment pursuant to m y arbitration clause contained in a contract concluded by or on behalf of the EMI , whether that contract be governed by public or private law .
The C o u n of Justice shall have jurisdiction to give judgment pursuant to m y arbitration clause contained in a contract concluded by or on behalf of the EMI , whether that contract be governed by public or private law .
A decision of the EM1 to bring an action before the C o u n of Justice shall be taken by the Council of the EMI .
A decision of the EM1 to bring an action before the C o u n of Justice shall be taken by the Council of the EMI .
Annual accounts and auditing 17.1 .
Annual accounts and auditing 17.1 .
The financial year of the EM1 shall begin on the first day of January and end on the last day of December .
The financial year of the EM1 shall begin on the first day of January and end on the last day of December .
The Council of the EM1 shall adopt an annual budget before the beginning of each financial year .
The Council of the EM1 shall adopt an annual budget before the beginning of each financial year .
The annual accounts shall be drawn up in accordance with the principles established by the Council of the EMI .
The annual accounts shall be drawn up in accordance with the principles established by the Council of the EMI .
The annual accounts shall be approved by the Council of the EM1 and shall thereafter be published .
The annual accounts shall be approved by the Council of the EM1 and shall thereafter be published .
The annual accounts shall be audited by independent external auditors approved by the Council of the EMI .
The annual accounts shall be audited by independent external auditors approved by the Council of the EMI .
The auditors shall have full power to examine all books and accounrs of the EM1 and to obtain full information about its transactions .
The auditors shall have full power to examine all books and accounrs of the EM1 and to obtain full information about its transactions .
The provisions of Article l88c of this Treaty shall only apply to an examination of the operational efficiency of the management of the EMI .
The provisions of Article l88c of this Treaty shall only apply to an examination of the operational efficiency of the management of the EMI .
Any surplus of the EM1 shall be transferred in the following order : ( a ) an amount to be determined by the Council of the EM1 shall be transferred to the general reserve fund of the EMI ;
Any surplus of the EM1 shall be transferred in the following order : ( a ) an amount to be determined by the Council of the EM1 shall be transferred to the general reserve fund of the EMI ;
( b ) any remaining surplus shall be distributed to the national central banks in accordance with the key referred to in Article 16.2 .
( b ) any remaining surplus shall be distributed to the national central banks in accordance with the key referred to in Article 16.2 .
In the event of a loss incurred by the EMI , the shortfall shall be offset against the general reserve fund
In the event of a loss incurred by the EMI , the shortfall shall be offset against the general reserve fund
Pmfeuional secrecy 20.1 .
Pmfeuional secrecy 20.1 .
Members of the Council of the EM1 and the staff of the EM1 shall be required , even after their duties have ceased , not to disclose information of the kind covered by the obligation of professional secrecy .
Members of the Council of the EM1 and the staff of the EM1 shall be required , even after their duties have ceased , not to disclose information of the kind covered by the obligation of professional secrecy .
P d e g e s and immunitia The EM1 shall enjoy in the territories of the Member States such privileges m d immunities as are necessaly for
P d e g e s and immunitia The EM1 shall enjoy in the territories of the Member States such privileges m d immunities as are necessaly for
No C 191/84
No C 191/84
the p f o r m a n c e of irs ush , under the conditions laid down in the Prowwl on the Privileges and Immunities of the Eumpean Communities annexed w the Treaty establishing a Single Council and a Single Commission of the European Communities .
the p f o r m a n c e of irs ush , under the conditions laid down in the Prowwl on the Privileges and Immunities of the Eumpean Communities annexed w the Treaty establishing a Single Council and a Single Commission of the European Communities .
The mechanism for the creation of ECUs against gold and US dollars as provided for by Anicle 17 of the EMS Agreement shall be unwound by the first day of the third stage in accordance with Anicle 20 of the said Agreement .
The mechanism for the creation of ECUs against gold and US dollars as provided for by Anicle 17 of the EMS Agreement shall be unwound by the first day of the third stage in accordance with Anicle 20 of the said Agreement .
All claims and liabilities arising from the very short-term financing mechanism and the short-term monetary suppon mechanism , under the Agreements referred to in Arricle 6.1 , shall be settled by the first day of the third stage .
All claims and liabilities arising from the very short-term financing mechanism and the short-term monetary suppon mechanism , under the Agreements referred to in Arricle 6.1 , shall be settled by the first day of the third stage .
All remaining assets of the EM1 shall be disposed of and all remaining liabilities of the EM1 shall be settled .
All remaining assets of the EM1 shall be disposed of and all remaining liabilities of the EM1 shall be settled .