Decision (EU) 2021/1274 of the European Central Bank of 27 July 2021 on the sub-delegation of the powers to take certain decisions relating to a manufacturer’s accreditation and of certain powers regarding the accreditation procedures for accredited manufacturers and repealing Decision (EU) 2016/1975 (ECB/2021/32)
Sub-delegation of powers to accredit manufacturers and grant the ECB’s prior written consent
1. The Executive Board sub-delegates to the member of the Executive Board to whom the Directorate Banknotes reports the power to take all decisions relating to a manufacturer’s accreditation under Article 6(1), (3) and (7) and Article 7 of Decision (EU) 2020/637 (ECB/2020/24).
2. The Executive Board sub-delegates to the Director Banknotes and the Head of the Currency Management Division of the Directorate Banknotes the power to grant the ECB’s prior written consent in accordance with Article 10(1) of Decision (EU) 2020/637 (ECB/2020/24) in cases in which an accredited manufacturer has complied with all relevant accreditation requirements pursuant to Articles 3 and 4 of that Decision and all relevant obligations pursuant to Article 9 of the same Decision.
Sub-delegation of power to take decisions relating to an immediate stop of euro secure item activity
The Executive Board sub-delegates the power to take decisions to require an accredited manufacturer to stop the relevant euro secure item activity with immediate effect in accordance with Article 14(1) of Decision (EU) 2020/637 (ECB/2020/24) to two members of staff of the Directorate Banknotes, authorised to conduct inspections in accordance with Article 11 of that Decision.
Reporting obligation
1. The member of the Executive Board to whom the Directorate Banknotes reports shall submit an annual report to the Executive Board on the decisions taken pursuant to Article 1(1) during the preceding calendar year, unless no such decisions have been taken.
2. The Directorate Banknotes shall submit an annual report to the Executive Board on the decisions taken pursuant to Articles 1(2) and 2 during the preceding calendar year, unless no such decisions have been taken.
Repeal
Decision (EU) 2016/1975 (ECB/2016/39) is hereby repealed.
Taking effect
This Decision shall take effect on the day of its notification to the addressees.
Addressees
This Decision is addressed to manufacturers and accredited manufacturers of euro secure items and euro items.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
