General terms and conditions
Article 6
1. The GTC shall apply to any borrowing and debt management activity carried out by the Commission under the borrowing programmes under this Decision. 2. The GTC shall, in accordance with this Decision: (a) establish the details of the obligations for the duration of the participation in the primary dealer network and the details of the eligibility criteria for lead and co-lead mandates; (b) establish the content of and procedure for the annual review; (c) establish the detailed rules for reporting obligations; (d) establish rules on controls; (e) establish the details of the rules and procedure for the suspension of membership, lifting of that suspension, and exclusion from the primary dealer network; and (f) regulate the possibility to withdraw from the primary dealer network; (g) establish the detailed rules for the quoting arrangements, including the observation period and requirements and the process for recognition of interdealer platform; 3. Any time limit shall be calculated as follows: (a) where a time limit is expressed in days or months from a certain date or event, the day or month on which that date falls or that event occurs is not to be counted as falling within the time limit; (b) time limits expressed in days shall include business days only. Business days are to be determined in accordance with Luxembourgish calendar of public and bank holidays (https://www.abbl.lu/fr/topic/bank-holidays/); (c) a time limit expressed in months is to end with the expiry of the day in the last month corresponding to the same day on which the date or the event, from which the time-limit is calculated, fell or occurred; (d) if, in a time limit expressed in months, the day on which it should expire does not occur in the last month, the time limit is to end with the expiry of the last day of that month; (e) if a time expressed in months expires on a public or bank holiday day, it is to be extended until the end of the first subsequent business day.