Article 12
Relationship between the Governing Council and the General Council 12.1. The General Council of the ECB shall be given the opportunity to submit observations before the Governing Council adopts: - opinions under Articles 4 and 25.1 of the Statute, - recommendations in the statistical field, under Article 42 of the Statute, - the annual report, - the rules on the standardisation of accounting rules and reporting of operations, - the measures for the application of Article 29 of the Statute, - the conditions of employment of the staff of the ECB, - in the context of the preparations for the irrevocable fixing of exchange rates, an ECB opinion either under Article 123(5) of the Treaty or concerning Community legal acts to be adopted when a derogation is abrogated. 12.2. Whenever the General Council is requested to submit observations under the first paragraph of this Article, it shall be given a reasonable period of time within which to do so, which may not be less than ten working days. In a case of urgency to be justified in the request, the period may be reduced to five working days. The President may decide to use the written procedure. 12.3. The President shall inform the General Council, in accordance with Article 47.4 of the Statute, of decisions adopted by the Governing Council.