Pending: 32010D0023

                                January 16, 2026                            

9.2.2011
EN
Official Journal of the European Union
L 35/17

(1)
Decision ECB/2001/16 of 6 December 2001 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002(1)has been substantially amended several times(2). Since further amendments are to be made, it should be recast in the interests of clarity.

(2)
Pursuant to Article 32.1 of the Statute of the ESCB, monetary income is the income accruing to the NCBs in the performance of the monetary policy function. Pursuant to Article 32.2 of the Statute of the ESCB, the amount of each NCB’s monetary income is equal to its annual income derived from its assets held against notes in circulation and deposit liabilities to credit institutions. These assets are to be earmarked by NCBs in accordance with the guidelines of the Governing Council. NCBs should earmark the assets ensuing from the performance of the monetary policy function as assets held against the notes in circulation and deposit liabilities to credit institutions. Pursuant to Article 32.4 of the Statute of the ESCB, the amount of each NCB’s monetary income is reduced by an amount equivalent to any interest paid by that NCB on its deposit liabilities to credit institutions in accordance with Article 19.

(3)
Pursuant to Article 32.5 of the Statute of the ESCB, the sum of the monetary income of the NCBs is allocated to them in proportion to their paid-up shares in the capital of the European Central Bank (ECB).

(4)
Pursuant to Articles 32.6 and 32.7 of the Statute of the ESCB, the Governing Council is empowered to establish guidelines for the clearing and settlement by the ECB of the balances arising from the allocation of monetary income and to take all other measures necessary for the application of Article 32.

(5)
Pursuant to Article 10 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro(3), the ECB and the NCBs put euro banknotes into circulation. Article 15 of this Regulation provides that banknotes denominated in national currency units remain legal tender within their territorial limits until 6 months from the respective cash changeover date at the latest. The cash changeover year should thus be regarded as a special year, since banknotes in circulation denominated in national currency units may still account for a considerable proportion of the banknotes in circulation.

(6)
Article 15(1) of Guideline ECB/2006/9 of 14 July 2006 on certain preparations for the euro cash changeover and on frontloading and sub-frontloading of euro banknotes and coins outside the euro area(4)provides that euro banknotes frontloaded to eligible counterparties are debited in those counterparties’ accounts with their NCB at their face value, in accordance with the following ‘linear debiting model’: the total amount of frontloaded euro banknotes are debited in three equal instalments, on the settlement date of the first, fourth and fifth Eurosystem main refinancing operations following the cash changeover date. The calculation of monetary income for the cash changeover year needs to take account of this ‘linear debiting model’.

(7)
This Decision is related to Decision ECB/2010/29 of 13 December 2010 on the issue of euro banknotes(5), which provides that the ECB and the NCBs issue euro banknotes. Decision ECB/2010/29 establishes the allocation of euro banknotes in circulation to the NCBs in proportion to their paid-up shares in the capital of the ECB. It also allocates to the ECB 8 % of the total value of euro banknotes in circulation. The allocation of euro banknotes among Eurosystem members gives rise to intra-Eurosystem balances. The remuneration of these intra-Eurosystem balances on euro banknotes in circulation has a direct effect on the income of each Eurosystem member, and therefore it should be regulated under this Decision. The income accruing to the ECB on the remuneration of its intra-Eurosystem claims on NCBs related to its share of euro banknotes in circulation should in principle be distributed to the NCBs in accordance with Decision ECB/2010/24 of 25 November 2010 on the interim distribution of the income of the European Central Bank on euro banknotes in circulation and arising from securities purchased under the securities markets programme(6)in proportion to their shares in the subscribed capital key in the same financial year it accrues.

(8)
The net balance of the intra-Eurosystem claims and liabilities on euro banknotes in circulation should be remunerated by applying an objective criterion defining the cost of money. In this context, the main refinancing operations rate used by the Eurosystem in its tenders for main refinancing operations is regarded as appropriate.

(9)
The net intra-Eurosystem liabilities on euro banknotes in circulation should be included in the liability base for the purposes of the calculation of the NCBs’ monetary income pursuant to Article 32.2 of the Statute of the ESCB as they are equivalent to banknotes in circulation. The settlement of interest on intra-Eurosystem balances on euro banknotes in circulation will therefore result in the distribution of a substantial amount of the Eurosystem’s monetary income among NCBs in proportion to their paid-up shares in the capital of the ECB. These intra-Eurosystem balances should be adjusted to allow for a gradual adaptation of the NCBs’ balance sheets and profit and loss accounts. The adjustments should be based on the value of banknotes in circulation of each NCB during a period prior to the introduction of euro banknotes. These adjustments should apply on a yearly basis in accordance with a fixed formula for no more than 5 years thereafter.

(10)
The adjustments to the intra-Eurosystem balances on euro banknotes in circulation have been calculated in order to compensate for any significant changes in the NCBs’ income positions as a consequence of the introduction of euro banknotes and the subsequent allocation of monetary income.

(11)
The general rules laid down in Article 32 of the Statute of the ESCB also apply to the income resulting from the write-off of euro banknotes that have been withdrawn from circulation.

(12)
Article 32.5 of the Statute of the ESCB specifies that the sum of the NCBs’ monetary income is allocated to the NCBs in proportion to their paid up shares in the ECB’s capital. Pursuant to Article 32.7 of the Statute of the ESCB, the Governing Council is competent to take all other measures necessary for the application of Article 32. This includes the competence to take account of other factors when deciding on the allocation of income resulting from the write-off of euro banknotes that have been withdrawn from circulation. In this context, the principles of equal treatment and fairness require that account be taken of the time period during which the withdrawn euro banknotes were issued. The allocation key for this specific income must therefore reflect both the relevant share in the ECB’s capital and the length of the issue phase.

(13)
The withdrawal of euro banknotes needs to be regulated by separate decisions to be taken pursuant to Article 5 of Decision ECB/2003/4 of 20 March 2003 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes(7),

(a)
‘NCB’ means a national central bank of a Member State whose currency is the euro;

(b)
‘liability base’ means the amount of qualifying liabilities, within the balance sheet of each NCB, specified in accordance with Annex I to this Decision;

(c)
‘earmarkable assets’ means the amount of assets held against the liability base, within the balance sheet of each NCB, specified in accordance with Annex II to this Decision;

(d)
‘intra-Eurosystem balances on euro banknotes in circulation’ means the claims and liabilities arising between an NCB and the ECB and between an NCB and the other NCBs as a result of the application of Article 4 of Decision ECB/2010/29;

(e)
‘subscribed capital key’ means the NCBs’ shares, expressed as percentages, in the ECB’s subscribed capital that result from applying to the NCBs the weightings in the key referred to in Article 29.1 of the Statute of the ESCB and as applicable for the relevant financial year;

(f)
‘credit institution’ means either: (a) a credit institution within the meaning of Article 2 and Article 4(1)(a) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions(8), as implemented in national law, that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 123(2) of the Treaty on the Functioning of the European Union that is subject to scrutiny of a standard comparable to supervision by a competent authority;

(g)
‘HBS’ means the harmonised balance sheet as set out in Annex VIII to the Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(9);

(h)
‘reference rate’ means the latest available marginal interest rate used by the Eurosystem in its tenders for main refinancing operations under paragraph 3.1.2 of Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem(10). Where more than one main refinancing operation is conducted for settlement on the same day, a simple average of the marginal rates of the operations conducted in parallel is used;

(i)
‘cash changeover date’ means the date on which euro banknotes and coins acquire the status of legal tender in a Member State whose currency is the euro;

(j)
‘reference period’ means a period of 24 months starting 30 months before the cash changeover date;

(k)
‘cash changeover year’ means a period of 12 months starting on the cash changeover date;

(l)
‘daily foreign exchange reference rate’ means the daily foreign exchange reference rate that is based on the regular daily concertation procedure between central banks within and outside the European System of Central Banks, which normally takes place at 14.15 Central European Time;

(m)
‘withdrawn euro banknotes’ means any euro banknote type or series that has been withdrawn from circulation by a decision of the Governing Council taken pursuant to Article 5 of Decision ECB/2003/4;

(n)
‘issue key’ means the average subscribed capital key during the issue phase of a type or series of withdrawn euro banknotes;

(o)
‘issue phase’, in relation to a euro banknote type or series, means the period starting on the date on which the first issue of a euro banknote of this type or series is recorded in the liability base and ending on the date on which the last issue of a euro banknote of this type or series is recorded in the liability base;

(p)
‘to write off’ means to eliminate withdrawn euro banknotes from the balance sheet item ‘banknotes in circulation’.

C
is the compensatory amount,

K
is the euro amount for each NCB that results from the application of the subscribed capital key to the average value of banknotes in circulation during the reference period, whereby the amount of banknotes in circulation denominated in the national currency of a Member State that adopts the euro shall be translated into euro at the daily foreign exchange reference rate during the reference period,

A
is the average euro value for each NCB of banknotes in circulation during the reference period, translated into euro at the daily foreign exchange reference rate during the reference period,

S
is the following coefficient for each financial year, starting with the cash changeover date:Financial yearCoefficientCash changeover year1Cash changeover year plus 1 year0,8606735Cash changeover year plus 2 years0,7013472Cash changeover year plus 3 years0,5334835Cash changeover year plus 4 years0,3598237Cash changeover year plus 5 years0,1817225
Financial year
Coefficient
Cash changeover year
1
Cash changeover year plus 1 year
0,8606735
Cash changeover year plus 2 years
0,7013472
Cash changeover year plus 3 years
0,5334835
Cash changeover year plus 4 years
0,3598237
Cash changeover year plus 5 years
0,1817225

Financial year
Coefficient

Cash changeover year
1

Cash changeover year plus 1 year
0,8606735

Cash changeover year plus 2 years
0,7013472

Cash changeover year plus 3 years
0,5334835

Cash changeover year plus 4 years
0,3598237

Cash changeover year plus 5 years
0,1817225

Financial year
Coefficient

Cash changeover year
1

Cash changeover year plus 1 year
0,8606735

Cash changeover year plus 2 years
0,7013472

Cash changeover year plus 3 years
0,5334835

Cash changeover year plus 4 years
0,3598237

Cash changeover year plus 5 years
0,1817225

(a)
On the write-off date, the ECB’s and the NCBs’ balance sheet items ‘Banknotes in circulation’ shall be reduced by the total amount of withdrawn euro banknotes still in circulation. For this purpose, the actual amounts of withdrawn euro banknotes that were put into circulation shall be adjusted to their pro-rata amounts calculated in accordance with the issue key, and the differences shall be settled among the ECB and the NCBs.

(b)
The adjusted amount of withdrawn euro banknotes shall be written off from the balance sheet item ‘Banknotes in circulation’ to the NCBs’ profit and loss accounts.

(c)
Each NCB shall establish a provision for withdrawn euro banknotes that are still expected to be exchanged. The provision shall be equivalent to the relevant NCB’s share in the total amount of the provision calculated using the issue key.

A.
The liability base includes, to the exclusion of any other items:1.Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.2.Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).3.Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.4.Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).5.Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).6.Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).
1.
Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.
(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and
(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).
2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).
(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);
(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);
(c)
fixed-term deposits (liability item 2.3 of the HBS);
(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);
(e)
deposits related to margin calls (liability item 2.5 of the HBS).
3.
Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.
4.
Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).
5.
Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).
6.
Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).

1.
Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.
(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and
(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and

(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).
(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);
(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);
(c)
fixed-term deposits (liability item 2.3 of the HBS);
(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);
(e)
deposits related to margin calls (liability item 2.5 of the HBS).

(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);

(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);

(c)
fixed-term deposits (liability item 2.3 of the HBS);

(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);

(e)
deposits related to margin calls (liability item 2.5 of the HBS).

3.
Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.

4.
Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).

5.
Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).

6.
Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).

1.
Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.
(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and
(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and

(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

(a)
includes banknotes issued by the NCB and denominated in its national currency unit; and

(b)
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).
(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);
(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);
(c)
fixed-term deposits (liability item 2.3 of the HBS);
(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);
(e)
deposits related to margin calls (liability item 2.5 of the HBS).

(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);

(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);

(c)
fixed-term deposits (liability item 2.3 of the HBS);

(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);

(e)
deposits related to margin calls (liability item 2.5 of the HBS).

(a)
current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);

(b)
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);

(c)
fixed-term deposits (liability item 2.3 of the HBS);

(d)
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);

(e)
deposits related to margin calls (liability item 2.5 of the HBS).

3.
Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.

4.
Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).

5.
Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).

6.
Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).

B.
The amount of each NCB’s liability base is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.

A.
Earmarkable assets include, with the exclusion of any other items:1.Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).2.Securities held for monetary policy purposes (asset item 7.1 of the HBS).3.Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).4.Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).5.Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).6.Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.7.Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.8.Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).
1.
Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).
2.
Securities held for monetary policy purposes (asset item 7.1 of the HBS).
3.
Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).
4.
Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).
5.
Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).
6.
Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.
7.
Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.
8.
Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

1.
Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).

2.
Securities held for monetary policy purposes (asset item 7.1 of the HBS).

3.
Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).

4.
Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).

5.
Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).

6.
Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.

7.
Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.

8.
Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

1.
Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).

2.
Securities held for monetary policy purposes (asset item 7.1 of the HBS).

3.
Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).

4.
Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).

5.
Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).

6.
Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.

7.
Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.

8.
Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

B.
The value of each NCB’s earmarkable assets is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.

Decision ECB/2001/16
OJ L 337, 20.12.2001, p. 55.

Decision ECB/2003/22
OJ L 9, 15.1.2004, p. 39.

Decision ECB/2006/7
OJ L 148, 2.6.2006, p. 56.

Decision ECB/2007/15
OJ L 333, 19.12.2007, p. 86.

Decision ECB/2009/27
OJ L 339, 22.12.2009, p. 55.

Decision ECB/2001/16
This Decision

Article 5a
Article 6

Article 6
Article 7

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 32 thereof,

(1) Decision ECB/2001/16 of 6 December 2001 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002(1)has been substantially amended several times(2). Since further amendments are to be made, it should be recast in the interests of clarity.

(2) Pursuant to Article 32.1 of the Statute of the ESCB, monetary income is the income accruing to the NCBs in the performance of the monetary policy function. Pursuant to Article 32.2 of the Statute of the ESCB, the amount of each NCB’s monetary income is equal to its annual income derived from its assets held against notes in circulation and deposit liabilities to credit institutions. These assets are to be earmarked by NCBs in accordance with the guidelines of the Governing Council. NCBs should earmark the assets ensuing from the performance of the monetary policy function as assets held against the notes in circulation and deposit liabilities to credit institutions. Pursuant to Article 32.4 of the Statute of the ESCB, the amount of each NCB’s monetary income is reduced by an amount equivalent to any interest paid by that NCB on its deposit liabilities to credit institutions in accordance with Article 19.

(3) Pursuant to Article 32.5 of the Statute of the ESCB, the sum of the monetary income of the NCBs is allocated to them in proportion to their paid-up shares in the capital of the European Central Bank (ECB).

(4) Pursuant to Articles 32.6 and 32.7 of the Statute of the ESCB, the Governing Council is empowered to establish guidelines for the clearing and settlement by the ECB of the balances arising from the allocation of monetary income and to take all other measures necessary for the application of Article 32.

(5) Pursuant to Article 10 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro(3), the ECB and the NCBs put euro banknotes into circulation. Article 15 of this Regulation provides that banknotes denominated in national currency units remain legal tender within their territorial limits until 6 months from the respective cash changeover date at the latest. The cash changeover year should thus be regarded as a special year, since banknotes in circulation denominated in national currency units may still account for a considerable proportion of the banknotes in circulation.

(6) Article 15(1) of Guideline ECB/2006/9 of 14 July 2006 on certain preparations for the euro cash changeover and on frontloading and sub-frontloading of euro banknotes and coins outside the euro area(4)provides that euro banknotes frontloaded to eligible counterparties are debited in those counterparties’ accounts with their NCB at their face value, in accordance with the following ‘linear debiting model’: the total amount of frontloaded euro banknotes are debited in three equal instalments, on the settlement date of the first, fourth and fifth Eurosystem main refinancing operations following the cash changeover date. The calculation of monetary income for the cash changeover year needs to take account of this ‘linear debiting model’.

(7) This Decision is related to Decision ECB/2010/29 of 13 December 2010 on the issue of euro banknotes(5), which provides that the ECB and the NCBs issue euro banknotes. Decision ECB/2010/29 establishes the allocation of euro banknotes in circulation to the NCBs in proportion to their paid-up shares in the capital of the ECB. It also allocates to the ECB 8 % of the total value of euro banknotes in circulation. The allocation of euro banknotes among Eurosystem members gives rise to intra-Eurosystem balances. The remuneration of these intra-Eurosystem balances on euro banknotes in circulation has a direct effect on the income of each Eurosystem member, and therefore it should be regulated under this Decision. The income accruing to the ECB on the remuneration of its intra-Eurosystem claims on NCBs related to its share of euro banknotes in circulation should in principle be distributed to the NCBs in accordance with Decision ECB/2010/24 of 25 November 2010 on the interim distribution of the income of the European Central Bank on euro banknotes in circulation and arising from securities purchased under the securities markets programme(6)in proportion to their shares in the subscribed capital key in the same financial year it accrues.

(8) The net balance of the intra-Eurosystem claims and liabilities on euro banknotes in circulation should be remunerated by applying an objective criterion defining the cost of money. In this context, the main refinancing operations rate used by the Eurosystem in its tenders for main refinancing operations is regarded as appropriate.

(9) The net intra-Eurosystem liabilities on euro banknotes in circulation should be included in the liability base for the purposes of the calculation of the NCBs’ monetary income pursuant to Article 32.2 of the Statute of the ESCB as they are equivalent to banknotes in circulation. The settlement of interest on intra-Eurosystem balances on euro banknotes in circulation will therefore result in the distribution of a substantial amount of the Eurosystem’s monetary income among NCBs in proportion to their paid-up shares in the capital of the ECB. These intra-Eurosystem balances should be adjusted to allow for a gradual adaptation of the NCBs’ balance sheets and profit and loss accounts. The adjustments should be based on the value of banknotes in circulation of each NCB during a period prior to the introduction of euro banknotes. These adjustments should apply on a yearly basis in accordance with a fixed formula for no more than 5 years thereafter.

(10) The adjustments to the intra-Eurosystem balances on euro banknotes in circulation have been calculated in order to compensate for any significant changes in the NCBs’ income positions as a consequence of the introduction of euro banknotes and the subsequent allocation of monetary income.

(11) The general rules laid down in Article 32 of the Statute of the ESCB also apply to the income resulting from the write-off of euro banknotes that have been withdrawn from circulation.

(12) Article 32.5 of the Statute of the ESCB specifies that the sum of the NCBs’ monetary income is allocated to the NCBs in proportion to their paid up shares in the ECB’s capital. Pursuant to Article 32.7 of the Statute of the ESCB, the Governing Council is competent to take all other measures necessary for the application of Article 32. This includes the competence to take account of other factors when deciding on the allocation of income resulting from the write-off of euro banknotes that have been withdrawn from circulation. In this context, the principles of equal treatment and fairness require that account be taken of the time period during which the withdrawn euro banknotes were issued. The allocation key for this specific income must therefore reflect both the relevant share in the ECB’s capital and the length of the issue phase.

(13) The withdrawal of euro banknotes needs to be regulated by separate decisions to be taken pursuant to Article 5 of Decision ECB/2003/4 of 20 March 2003 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes(7),

HAS ADOPTED THIS DECISION:
Definitions

Article 1

For the purposes of this Decision:

(a)

‘NCB’ means a national central bank of a Member State whose currency is the euro;

(b)

‘liability base’ means the amount of qualifying liabilities, within the balance sheet of each NCB, specified in accordance with Annex I to this Decision;

(c)

‘earmarkable assets’ means the amount of assets held against the liability base, within the balance sheet of each NCB, specified in accordance with Annex II to this Decision;

(d)

‘intra-Eurosystem balances on euro banknotes in circulation’ means the claims and liabilities arising between an NCB and the ECB and between an NCB and the other NCBs as a result of the application of Article 4 of Decision ECB/2010/29;

(e)

‘subscribed capital key’ means the NCBs’ shares, expressed as percentages, in the ECB’s subscribed capital that result from applying to the NCBs the weightings in the key referred to in Article 29.1 of the Statute of the ESCB and as applicable for the relevant financial year;

(f)

‘credit institution’ means either: (a) a credit institution within the meaning of Article 2 and Article 4(1)(a) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions(8), as implemented in national law, that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 123(2) of the Treaty on the Functioning of the European Union that is subject to scrutiny of a standard comparable to supervision by a competent authority;

(g)

‘HBS’ means the harmonised balance sheet as set out in Annex VIII to the Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(9);

(h)

‘reference rate’ means the latest available marginal interest rate used by the Eurosystem in its tenders for main refinancing operations under paragraph 3.1.2 of Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem(10). Where more than one main refinancing operation is conducted for settlement on the same day, a simple average of the marginal rates of the operations conducted in parallel is used;

(i)

‘cash changeover date’ means the date on which euro banknotes and coins acquire the status of legal tender in a Member State whose currency is the euro;

(j)

‘reference period’ means a period of 24 months starting 30 months before the cash changeover date;

(k)

‘cash changeover year’ means a period of 12 months starting on the cash changeover date;

(l)

‘daily foreign exchange reference rate’ means the daily foreign exchange reference rate that is based on the regular daily concertation procedure between central banks within and outside the European System of Central Banks, which normally takes place at 14.15 Central European Time;

(m)

‘withdrawn euro banknotes’ means any euro banknote type or series that has been withdrawn from circulation by a decision of the Governing Council taken pursuant to Article 5 of Decision ECB/2003/4;

(n)

‘issue key’ means the average subscribed capital key during the issue phase of a type or series of withdrawn euro banknotes;

(o)

‘issue phase’, in relation to a euro banknote type or series, means the period starting on the date on which the first issue of a euro banknote of this type or series is recorded in the liability base and ending on the date on which the last issue of a euro banknote of this type or series is recorded in the liability base;

(p)

‘to write off’ means to eliminate withdrawn euro banknotes from the balance sheet item ‘banknotes in circulation’.
Intra-Eurosystem balances on euro banknotes in circulation

Article 2

1.   The intra-Eurosystem balances on euro banknotes in circulation shall be calculated on a monthly basis and shall be recorded in the books of the ECB and the NCBs on the first business day of the month with a value date of the last business day of the preceding month.

Where a Member State adopts the euro, the calculation of the intra-Eurosystem balances on euro banknotes in circulation under the first subparagraph shall be recorded in the books of the ECB and the NCBs with a value date of the cash changeover date.

The intra-Eurosystem balances on euro banknotes in circulation shall, for the period from 1 to 31 January of the first year with effect from which each quinquennial adjustment pursuant to Article 29.3 of the Statute of the ESCB applies, be calculated on the basis of the adjusted subscribed capital key applied to balances on the total euro banknotes in circulation on 31 December of the previous year.

2.   The intra-Eurosystem balances on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision, shall be remunerated at the reference rate.

3.   The remuneration referred to in paragraph 2 shall be settled by TARGET2 payments on a quarterly basis.
Method for measuring monetary income

Article 3

1.   The amount of each NCB’s monetary income shall be determined by measuring the actual income that derives from the earmarkable assets recorded in its books. As exceptions thereto, gold shall not be considered to generate income, and securities held for monetary policy purposes under Decision ECB/2009/16 of 2 July 2009 on the implementation of the covered bond purchase programme(11)shall be considered to generate income at the reference rate.

2.   Where the value of an NCB’s earmarkable assets exceeds or falls short of the value of its liability base, the difference shall be offset by applying the reference rate to the value of the difference.
Adjustments to intra-Eurosystem balances

Article 4

1.   For the purposes of monetary income calculation, each NCB’s intra-Eurosystem balances on euro banknotes in circulation shall be adjusted by a compensatory amount determined in accordance with the following formula:

C = (K – A) × S

where:

C

is the compensatory amount,

K

is the euro amount for each NCB that results from the application of the subscribed capital key to the average value of banknotes in circulation during the reference period, whereby the amount of banknotes in circulation denominated in the national currency of a Member State that adopts the euro shall be translated into euro at the daily foreign exchange reference rate during the reference period,

A

is the average euro value for each NCB of banknotes in circulation during the reference period, translated into euro at the daily foreign exchange reference rate during the reference period,

S

is the following coefficient for each financial year, starting with the cash changeover date:

2.   The sum of the compensatory amounts of the NCBs shall be zero.

3.   Compensatory amounts shall be calculated each time a Member State adopts the euro or when the ECB’s subscribed capital key changes.

4.   When an NCB joins the Eurosystem, its compensatory amount shall be allocated to the other NCBs in proportion to the respective shares of the other NCBs in the subscribed capital key, with the sign (+/–) reversed, and shall be in addition to any compensatory amounts already in force for the other NCBs.

5.   The compensatory amounts and the accounting entries to balance those compensatory amounts shall be recorded on separate intra-Eurosystem accounts in the books of each NCB with a value date of the cash changeover date and the same value date of each following year of the adjustment period. The accounting entries to balance the compensatory amounts shall not be remunerated.

6.   By derogation from paragraph 1, on the occurrence of specific events relating to changes in patterns of banknote circulation, as set out in Annex III to this Decision, each NCB’s intra-Eurosystem balances on euro banknotes in circulation shall be adjusted in accordance with the provisions set out in that Annex.

7.   The adjustments to intra-Eurosystem balances provided for in this Article shall cease to apply from the first day of the sixth year following the relevant cash changeover year.
Calculation and allocation of monetary income

Article 5

1.   The calculation of each NCB’s monetary income shall be effected by the ECB on a daily basis. The calculation shall be based on accounting data reported by NCBs to the ECB. The ECB shall inform the NCBs of the cumulative amounts on a quarterly basis.

2.   The amount of each NCB’s monetary income shall be reduced by an amount equivalent to any interest accrued or paid on liabilities included within the liability base, and in accordance with any decision of the Governing Council under the second subparagraph of Article 32.4 of the Statute of the ESCB.

3.   The allocation of the sum of each NCB’s monetary income in proportion to the subscribed capital key shall take place at the end of each financial year.
Calculation and allocation of income resulting from the write-off of euro banknotes

Article 6

1.   Withdrawn euro banknotes shall remain part of the liability base until they are exchanged or written off, whichever event occurs first.

2.   The Governing Council may decide to write off withdrawn euro banknotes, in which case it shall specify the write-off date and the total amount of the provision to be made for those withdrawn euro banknotes that are still expected to be exchanged.

3.   Withdrawn euro banknotes shall be written off as follows:

(a)

On the write-off date, the ECB’s and the NCBs’ balance sheet items ‘Banknotes in circulation’ shall be reduced by the total amount of withdrawn euro banknotes still in circulation. For this purpose, the actual amounts of withdrawn euro banknotes that were put into circulation shall be adjusted to their pro-rata amounts calculated in accordance with the issue key, and the differences shall be settled among the ECB and the NCBs.

(b)

The adjusted amount of withdrawn euro banknotes shall be written off from the balance sheet item ‘Banknotes in circulation’ to the NCBs’ profit and loss accounts.

(c)

Each NCB shall establish a provision for withdrawn euro banknotes that are still expected to be exchanged. The provision shall be equivalent to the relevant NCB’s share in the total amount of the provision calculated using the issue key.

4.   Withdrawn euro banknotes that are exchanged after the write-off date shall be recorded in the books of the NCB that has accepted them. The inflow of withdrawn euro banknotes shall be redistributed among NCBs at least once a year by applying the issue key, and the differences shall be settled between them. Each NCB shall set off the pro-rata amount against its provision or, in the event that the inflow exceeds the provision, record a corresponding expense in its profit and loss account.

5.   The Governing Council shall review the total amount of the provision on an annual basis.
Repeal

Article 7

Decision ECB/2001/16 is hereby repealed. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Entry into force

Article 8

This Decision shall enter into force on 31 December 2010.
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 32 thereof,

(1) Decision ECB/2001/16 of 6 December 2001 on the allocation of monetary income of the national central banks of participating Member States from the financial year 2002(1)has been substantially amended several times(2). Since further amendments are to be made, it should be recast in the interests of clarity.

(2) Pursuant to Article 32.1 of the Statute of the ESCB, monetary income is the income accruing to the NCBs in the performance of the monetary policy function. Pursuant to Article 32.2 of the Statute of the ESCB, the amount of each NCB’s monetary income is equal to its annual income derived from its assets held against notes in circulation and deposit liabilities to credit institutions. These assets are to be earmarked by NCBs in accordance with the guidelines of the Governing Council. NCBs should earmark the assets ensuing from the performance of the monetary policy function as assets held against the notes in circulation and deposit liabilities to credit institutions. Pursuant to Article 32.4 of the Statute of the ESCB, the amount of each NCB’s monetary income is reduced by an amount equivalent to any interest paid by that NCB on its deposit liabilities to credit institutions in accordance with Article 19.

(3) Pursuant to Article 32.5 of the Statute of the ESCB, the sum of the monetary income of the NCBs is allocated to them in proportion to their paid-up shares in the capital of the European Central Bank (ECB).

(4) Pursuant to Articles 32.6 and 32.7 of the Statute of the ESCB, the Governing Council is empowered to establish guidelines for the clearing and settlement by the ECB of the balances arising from the allocation of monetary income and to take all other measures necessary for the application of Article 32.

(5) Pursuant to Article 10 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro(3), the ECB and the NCBs put euro banknotes into circulation. Article 15 of this Regulation provides that banknotes denominated in national currency units remain legal tender within their territorial limits until 6 months from the respective cash changeover date at the latest. The cash changeover year should thus be regarded as a special year, since banknotes in circulation denominated in national currency units may still account for a considerable proportion of the banknotes in circulation.

(6) Article 15(1) of Guideline ECB/2006/9 of 14 July 2006 on certain preparations for the euro cash changeover and on frontloading and sub-frontloading of euro banknotes and coins outside the euro area(4)provides that euro banknotes frontloaded to eligible counterparties are debited in those counterparties’ accounts with their NCB at their face value, in accordance with the following ‘linear debiting model’: the total amount of frontloaded euro banknotes are debited in three equal instalments, on the settlement date of the first, fourth and fifth Eurosystem main refinancing operations following the cash changeover date. The calculation of monetary income for the cash changeover year needs to take account of this ‘linear debiting model’.

(7) This Decision is related to Decision ECB/2010/29 of 13 December 2010 on the issue of euro banknotes(5), which provides that the ECB and the NCBs issue euro banknotes. Decision ECB/2010/29 establishes the allocation of euro banknotes in circulation to the NCBs in proportion to their paid-up shares in the capital of the ECB. It also allocates to the ECB 8 % of the total value of euro banknotes in circulation. The allocation of euro banknotes among Eurosystem members gives rise to intra-Eurosystem balances. The remuneration of these intra-Eurosystem balances on euro banknotes in circulation has a direct effect on the income of each Eurosystem member, and therefore it should be regulated under this Decision. The income accruing to the ECB on the remuneration of its intra-Eurosystem claims on NCBs related to its share of euro banknotes in circulation should in principle be distributed to the NCBs in accordance with Decision ECB/2010/24 of 25 November 2010 on the interim distribution of the income of the European Central Bank on euro banknotes in circulation and arising from securities purchased under the securities markets programme(6)in proportion to their shares in the subscribed capital key in the same financial year it accrues.

(8) The net balance of the intra-Eurosystem claims and liabilities on euro banknotes in circulation should be remunerated by applying an objective criterion defining the cost of money. In this context, the main refinancing operations rate used by the Eurosystem in its tenders for main refinancing operations is regarded as appropriate.

(9) The net intra-Eurosystem liabilities on euro banknotes in circulation should be included in the liability base for the purposes of the calculation of the NCBs’ monetary income pursuant to Article 32.2 of the Statute of the ESCB as they are equivalent to banknotes in circulation. The settlement of interest on intra-Eurosystem balances on euro banknotes in circulation will therefore result in the distribution of a substantial amount of the Eurosystem’s monetary income among NCBs in proportion to their paid-up shares in the capital of the ECB. These intra-Eurosystem balances should be adjusted to allow for a gradual adaptation of the NCBs’ balance sheets and profit and loss accounts. The adjustments should be based on the value of banknotes in circulation of each NCB during a period prior to the introduction of euro banknotes. These adjustments should apply on a yearly basis in accordance with a fixed formula for no more than 5 years thereafter.

(10) The adjustments to the intra-Eurosystem balances on euro banknotes in circulation have been calculated in order to compensate for any significant changes in the NCBs’ income positions as a consequence of the introduction of euro banknotes and the subsequent allocation of monetary income.

(11) The general rules laid down in Article 32 of the Statute of the ESCB also apply to the income resulting from the write-off of euro banknotes that have been withdrawn from circulation.

(12) Article 32.5 of the Statute of the ESCB specifies that the sum of the NCBs’ monetary income is allocated to the NCBs in proportion to their paid up shares in the ECB’s capital. Pursuant to Article 32.7 of the Statute of the ESCB, the Governing Council is competent to take all other measures necessary for the application of Article 32. This includes the competence to take account of other factors when deciding on the allocation of income resulting from the write-off of euro banknotes that have been withdrawn from circulation. In this context, the principles of equal treatment and fairness require that account be taken of the time period during which the withdrawn euro banknotes were issued. The allocation key for this specific income must therefore reflect both the relevant share in the ECB’s capital and the length of the issue phase.

(13) The withdrawal of euro banknotes needs to be regulated by separate decisions to be taken pursuant to Article 5 of Decision ECB/2003/4 of 20 March 2003 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes(7),

HAS ADOPTED THIS DECISION:
DefinitionsFor the purposes of this Decision:

(a)

‘NCB’ means a national central bank of a Member State whose currency is the euro;

(b)

‘liability base’ means the amount of qualifying liabilities, within the balance sheet of each NCB, specified in accordance with Annex I to this Decision;

(c)

‘earmarkable assets’ means the amount of assets held against the liability base, within the balance sheet of each NCB, specified in accordance with Annex II to this Decision;

(d)

‘intra-Eurosystem balances on euro banknotes in circulation’ means the claims and liabilities arising between an NCB and the ECB and between an NCB and the other NCBs as a result of the application of Article 4 of Decision ECB/2010/29;

(e)

‘subscribed capital key’ means the NCBs’ shares, expressed as percentages, in the ECB’s subscribed capital that result from applying to the NCBs the weightings in the key referred to in Article 29.1 of the Statute of the ESCB and as applicable for the relevant financial year;

(f)

‘credit institution’ means either: (a) a credit institution within the meaning of Article 2 and Article 4(1)(a) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions(8), as implemented in national law, that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 123(2) of the Treaty on the Functioning of the European Union that is subject to scrutiny of a standard comparable to supervision by a competent authority;

(g)

‘HBS’ means the harmonised balance sheet as set out in Annex VIII to the Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(9);

(h)

‘reference rate’ means the latest available marginal interest rate used by the Eurosystem in its tenders for main refinancing operations under paragraph 3.1.2 of Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem(10). Where more than one main refinancing operation is conducted for settlement on the same day, a simple average of the marginal rates of the operations conducted in parallel is used;

(i)

‘cash changeover date’ means the date on which euro banknotes and coins acquire the status of legal tender in a Member State whose currency is the euro;

(j)

‘reference period’ means a period of 24 months starting 30 months before the cash changeover date;

(k)

‘cash changeover year’ means a period of 12 months starting on the cash changeover date;

(l)

‘daily foreign exchange reference rate’ means the daily foreign exchange reference rate that is based on the regular daily concertation procedure between central banks within and outside the European System of Central Banks, which normally takes place at 14.15 Central European Time;

(m)

‘withdrawn euro banknotes’ means any euro banknote type or series that has been withdrawn from circulation by a decision of the Governing Council taken pursuant to Article 5 of Decision ECB/2003/4;

(n)

‘issue key’ means the average subscribed capital key during the issue phase of a type or series of withdrawn euro banknotes;

(o)

‘issue phase’, in relation to a euro banknote type or series, means the period starting on the date on which the first issue of a euro banknote of this type or series is recorded in the liability base and ending on the date on which the last issue of a euro banknote of this type or series is recorded in the liability base;

(p)

‘to write off’ means to eliminate withdrawn euro banknotes from the balance sheet item ‘banknotes in circulation’.
Intra-Eurosystem balances on euro banknotes in circulation1.   The intra-Eurosystem balances on euro banknotes in circulation shall be calculated on a monthly basis and shall be recorded in the books of the ECB and the NCBs on the first business day of the month with a value date of the last business day of the preceding month.

Where a Member State adopts the euro, the calculation of the intra-Eurosystem balances on euro banknotes in circulation under the first subparagraph shall be recorded in the books of the ECB and the NCBs with a value date of the cash changeover date.

The intra-Eurosystem balances on euro banknotes in circulation shall, for the period from 1 to 31 January of the first year with effect from which each quinquennial adjustment pursuant to Article 29.3 of the Statute of the ESCB applies, be calculated on the basis of the adjusted subscribed capital key applied to balances on the total euro banknotes in circulation on 31 December of the previous year.

2.   The intra-Eurosystem balances on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision, shall be remunerated at the reference rate.

3.   The remuneration referred to in paragraph 2 shall be settled by TARGET2 payments on a quarterly basis.
Method for measuring monetary income1.   The amount of each NCB’s monetary income shall be determined by measuring the actual income that derives from the earmarkable assets recorded in its books. As exceptions thereto, gold shall not be considered to generate income, and securities held for monetary policy purposes under Decision ECB/2009/16 of 2 July 2009 on the implementation of the covered bond purchase programme(11)shall be considered to generate income at the reference rate.

2.   Where the value of an NCB’s earmarkable assets exceeds or falls short of the value of its liability base, the difference shall be offset by applying the reference rate to the value of the difference.
Adjustments to intra-Eurosystem balances1.   For the purposes of monetary income calculation, each NCB’s intra-Eurosystem balances on euro banknotes in circulation shall be adjusted by a compensatory amount determined in accordance with the following formula:

C = (K – A) × S

where:

C

is the compensatory amount,

K

is the euro amount for each NCB that results from the application of the subscribed capital key to the average value of banknotes in circulation during the reference period, whereby the amount of banknotes in circulation denominated in the national currency of a Member State that adopts the euro shall be translated into euro at the daily foreign exchange reference rate during the reference period,

A

is the average euro value for each NCB of banknotes in circulation during the reference period, translated into euro at the daily foreign exchange reference rate during the reference period,

S

is the following coefficient for each financial year, starting with the cash changeover date:

2.   The sum of the compensatory amounts of the NCBs shall be zero.

3.   Compensatory amounts shall be calculated each time a Member State adopts the euro or when the ECB’s subscribed capital key changes.

4.   When an NCB joins the Eurosystem, its compensatory amount shall be allocated to the other NCBs in proportion to the respective shares of the other NCBs in the subscribed capital key, with the sign (+/–) reversed, and shall be in addition to any compensatory amounts already in force for the other NCBs.

5.   The compensatory amounts and the accounting entries to balance those compensatory amounts shall be recorded on separate intra-Eurosystem accounts in the books of each NCB with a value date of the cash changeover date and the same value date of each following year of the adjustment period. The accounting entries to balance the compensatory amounts shall not be remunerated.

6.   By derogation from paragraph 1, on the occurrence of specific events relating to changes in patterns of banknote circulation, as set out in Annex III to this Decision, each NCB’s intra-Eurosystem balances on euro banknotes in circulation shall be adjusted in accordance with the provisions set out in that Annex.

7.   The adjustments to intra-Eurosystem balances provided for in this Article shall cease to apply from the first day of the sixth year following the relevant cash changeover year.
Calculation and allocation of monetary income1.   The calculation of each NCB’s monetary income shall be effected by the ECB on a daily basis. The calculation shall be based on accounting data reported by NCBs to the ECB. The ECB shall inform the NCBs of the cumulative amounts on a quarterly basis.

2.   The amount of each NCB’s monetary income shall be reduced by an amount equivalent to any interest accrued or paid on liabilities included within the liability base, and in accordance with any decision of the Governing Council under the second subparagraph of Article 32.4 of the Statute of the ESCB.

3.   The allocation of the sum of each NCB’s monetary income in proportion to the subscribed capital key shall take place at the end of each financial year.
Calculation and allocation of income resulting from the write-off of euro banknotes1.   Withdrawn euro banknotes shall remain part of the liability base until they are exchanged or written off, whichever event occurs first.

2.   The Governing Council may decide to write off withdrawn euro banknotes, in which case it shall specify the write-off date and the total amount of the provision to be made for those withdrawn euro banknotes that are still expected to be exchanged.

3.   Withdrawn euro banknotes shall be written off as follows:

(a)

On the write-off date, the ECB’s and the NCBs’ balance sheet items ‘Banknotes in circulation’ shall be reduced by the total amount of withdrawn euro banknotes still in circulation. For this purpose, the actual amounts of withdrawn euro banknotes that were put into circulation shall be adjusted to their pro-rata amounts calculated in accordance with the issue key, and the differences shall be settled among the ECB and the NCBs.

(b)

The adjusted amount of withdrawn euro banknotes shall be written off from the balance sheet item ‘Banknotes in circulation’ to the NCBs’ profit and loss accounts.

(c)

Each NCB shall establish a provision for withdrawn euro banknotes that are still expected to be exchanged. The provision shall be equivalent to the relevant NCB’s share in the total amount of the provision calculated using the issue key.

4.   Withdrawn euro banknotes that are exchanged after the write-off date shall be recorded in the books of the NCB that has accepted them. The inflow of withdrawn euro banknotes shall be redistributed among NCBs at least once a year by applying the issue key, and the differences shall be settled between them. Each NCB shall set off the pro-rata amount against its provision or, in the event that the inflow exceeds the provision, record a corresponding expense in its profit and loss account.

5.   The Governing Council shall review the total amount of the provision on an annual basis.
RepealDecision ECB/2001/16 is hereby repealed. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Entry into forceThis Decision shall enter into force on 31 December 2010.
COMPOSITION OF THE LIABILITY BASEANNEX I

 | A. | The liability base includes, to the exclusion of any other items:1.Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.2.Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).3.Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.4.Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).5.Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).6.Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS). | 1. | Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions. | (a) | includes banknotes issued by the NCB and denominated in its national currency unit; and | (b) | must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS). | 2. | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS). | (a) | current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS); | (b) | amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS); | (c) | fixed-term deposits (liability item 2.3 of the HBS); | (d) | liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS); | (e) | deposits related to margin calls (liability item 2.5 of the HBS). | 3. | Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS. | 4. | Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS). | 5. | Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS). | 6. | Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).

1. | Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions. | (a) | includes banknotes issued by the NCB and denominated in its national currency unit; and | (b) | must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

(a) | includes banknotes issued by the NCB and denominated in its national currency unit; and

(b) | must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

2. | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS). | (a) | current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS); | (b) | amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS); | (c) | fixed-term deposits (liability item 2.3 of the HBS); | (d) | liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS); | (e) | deposits related to margin calls (liability item 2.5 of the HBS).

(a) | current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);

(b) | amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);

(c) | fixed-term deposits (liability item 2.3 of the HBS);

(d) | liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);

(e) | deposits related to margin calls (liability item 2.5 of the HBS).

3. | Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.

4. | Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2000/7 (liability item 10.2 of the HBS).

5. | Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).

6. | Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).

 | B. | The amount of each NCB’s liability base is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.
EARMARKABLE ASSETSANNEX II

 | A. | Earmarkable assets include, with the exclusion of any other items:1.Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).2.Securities held for monetary policy purposes (asset item 7.1 of the HBS).3.Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).4.Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).5.Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).6.Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.7.Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.8.Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS). | 1. | Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS). | 2. | Securities held for monetary policy purposes (asset item 7.1 of the HBS). | 3. | Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS). | 4. | Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS). | 5. | Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS). | 6. | Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002. | 7. | Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions. | 8. | Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

1. | Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).

2. | Securities held for monetary policy purposes (asset item 7.1 of the HBS).

3. | Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).

4. | Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).

5. | Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).

6. | Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.

7. | Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.

8. | Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

 | B. | The value of each NCB’s earmarkable assets is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.
A.   First contingent adjustmentANNEX IIIIf the average total value of banknotes in circulation in a cash changeover year is lower than the average total euro value of banknotes in circulation during the reference period (including those denominated in the national currency of the Member State that has adopted the euro and translated into euro at the daily foreign exchange reference rate during the reference period), then the coefficient ‘S’ applying to the cash changeover year in accordance with Article 4(1) is reduced with retroactive effect in the same proportion as the decrease in the total average of banknotes in circulation.

The reduction may not result in a coefficient lower than 0,8606735. If this derogation is applied, one quarter of the resulting reduction in the NCBs’ compensatory amounts (C) applicable in the cash changeover year must be added to each NCB’s compensatory amount applicable in the second to fifth year following the cash changeover year pursuant to Article 4(1).

B.   Second contingent adjustmentIf those NCBs for which the compensatory amount referred to in Article 4(1) is a positive figure pay net remuneration on intra-Eurosystem balances on banknotes in circulation that results in a net expense when added to the item ‘net result of pooling of monetary income’ in their profit and loss account at the end of the year, then the coefficient ‘S’ applying to the cash changeover year in accordance with Article 4(1) is reduced to the extent necessary to eliminate this condition.

The reduction may not result in a coefficient lower than 0,8606735. If this derogation is applied, one quarter of the resulting reduction in the NCBs’ compensatory amounts (C) applicable in the cash changeover year is added to each NCB’s compensatory amount applicable in the second to fifth year following the cash changeover year pursuant to Article 4(1).
ANNEX IV

REPEALED DECISION AND SUCCESSIVE AMENDMENTS
Decision ECB/2001/16 | OJ L 337, 20.12.2001, p. 55.

Decision ECB/2003/22 | OJ L 9, 15.1.2004, p. 39.

Decision ECB/2006/7 | OJ L 148, 2.6.2006, p. 56.

Decision ECB/2007/15 | OJ L 333, 19.12.2007, p. 86.

Decision ECB/2009/27 | OJ L 339, 22.12.2009, p. 55.
ANNEX V

CORRELATION TABLE
Decision ECB/2001/16 | This Decision

Article 5a | Article 6

Article 6 | Article 7

Pending: 32010D0022

                                January 16, 2026                            

15.12.2010
EN
Official Journal of the European Union
L 330/14

(1)
Article 128(1) of the Treaty and Article 16 of the Statute of the ESCB provide that the European Central Bank (ECB) has the exclusive right to authorise the issue of euro banknotes within the Union. This right includes the competence to take measures to protect the integrity of euro banknotes as a means of payment.

(2)
Producing euro banknotes and euro banknote raw materials according to identical quality standards is of paramount importance to guaranteeing their quality, wherever they are produced.

(3)
A quality accreditation procedure should therefore be put in place to ensure that only manufacturers conforming with minimum quality requirements are accredited to produce euro banknotes and euro banknote raw materials,

(a)
‘quality accreditation’ means the status, the scope of which is set out in Articles 3 and 4, granted by the ECB to a manufacturer confirming that it is in conformity with the quality requirements;

(b)
‘euro banknote production activity’ means the production of euro banknotes or of any euro banknote raw materials;

(c)
‘manufacturer’ means any entity that is, or wishes to be, involved in a euro banknote production activity;

(d)
‘manufacturing site’ means any premises that a manufacturer uses, or wishes to use, for a euro banknote production activity;

(e)
‘quality requirements’ means the substantive rules to be conformed with by a manufacturer seeking quality accreditation, as separately laid down by the ECB;

(f)
‘quality arrangements’ means the measures taken by a manufacturer at a manufacturing site to conform with the quality requirements;

(g)
‘certification authority’ means an independent certification authority which evaluates manufacturers’ quality management systems and is entitled to certify that a manufacturer fulfils the requirements of the ISO 9001 series of standards;

(h)
‘euro banknote raw materials’ means paper, ink, foil and thread used to produce euro banknotes;

(i)
‘euro secure items’ and ‘euro secure activity’ have the meaning given to them in Decision ECB/2008/3 of 15 May 2008 on security accreditation procedures for manufacturers of euro secure items for euro banknotes(1);

(j)
‘ECB working day’ means a day from Monday to Friday, excluding ECB public holidays;

(k)
‘NCB’ means the national central bank of a Member State whose currency is the euro;

(l)
‘pre-audit questionnaire’ means a form used by the quality audit team to collect information from a manufacturer on the specificities of a manufacturing site and on any changes that have been made to the quality arrangements since the last quality audit.

(a)
it has been involved in a euro banknote production activity in the 24 months preceding the request for full quality accreditation or has been granted temporary quality accreditation as laid down in Article 4 and has started a euro banknote production activity in accordance with Article 10(3);

(b)
it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a particular euro banknote production activity and a certification authority has issued a certificate to that effect;

(c)
it conforms with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(d)
if it produces euro secure items, it has full security accreditation at the abovementioned manufacturing site for the abovementioned euro secure activity pursuant to Decision ECB/2008/3;

(e)
if it is a printing works, its manufacturing site is located in a Member State; and

(f)
if it is not a printing works, its manufacturing site is located in a Member State or in a European Free Trade Association (EFTA) Member State.

(a)
it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a planned euro banknote production activity and a certification authority has issued a certificate to that effect;

(b)
it has established the procedures and the infrastructure necessary to conform with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(c)
if it plans to produce a euro secure item, it has been granted security accreditation at the abovementioned manufacturing site for a planned euro secure activity pursuant to Decision ECB/2008/3;

(d)
if it is a printing works, its manufacturing site is located in a Member State; and

(e)
if it is not a printing works, its manufacturing site is located in a Member State or in an EFTA Member State.

(a)
a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks full quality accreditation;

(b)
information on the euro banknote production activity carried out;

(c)
a copy of the certificate referred to in Article 3(2)(b).

(a)
the manufacturer fails to provide the information required pursuant to paragraph 1;

(b)
it fails to supply any additional information requested by the ECB pursuant to paragraph 2 within a reasonable period to be mutually agreed;

(c)
the ECB has revoked the manufacturer’s full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)
the location of the manufacturing site does not meet the requirements laid down in Article 3(2)(e) or (f);

(e)
the manufacturer produces euro secure items and the ECB has not granted it security accreditation as referred to in Article 3(2)(d).

(a)
the quality arrangements in place at the manufacturing site that conform with the quality requirements;

(b)
any instances of non-conformity with the quality requirements that the quality audit team has identified;

(c)
any action taken by the manufacturer during the quality audit;

(d)
any improvements proposed by the manufacturer and, in cases where a follow-up quality audit is carried out, the quality audit team’s assessment of whether such improvements have been carried out;

(e)
the quality audit team’s assessment of whether full quality accreditation should be granted.

(a)
the manufacturer;

(b)
the euro banknote production activity and the manufacturing site for which full quality accreditation is granted;

(c)
the date of expiry of the full quality accreditation;

(d)
any specific conditions relating to points (a) to (c).

(i)
has not carried out a euro banknote production activity in the 24 months preceding the request for temporary quality accreditation; or

(ii)
has not carried out any euro banknote production activity but has been requested by an NCB or a printing works to start a euro banknote production activity;

(a)
a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks temporary quality accreditation;

(b)
information on the euro banknote production activity to be carried out;

(c)
a copy of the certificate referred to in Article 4(2)(a).

(a)
the manufacturer fails to provide the information required pursuant to paragraphs 1 and 2;

(b)
it fails to supply any additional information requested by the ECB pursuant to paragraph 3 within a reasonable period to be mutually agreed;

(c)
the ECB has revoked its temporary or full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)
the location of the manufacturing site does not meet the requirements laid down in Article 4(2)(d) and (e);

(e)
the manufacturer plans to produce euro secure items and the ECB has not granted it security accreditation as referred to in Article 4(2)(c).

(a)
the quality arrangements already in place at the manufacturing site that conform with the quality requirements;

(b)
any quality arrangements that the manufacturer still needs to put in place in order to conform with the quality requirements;

(c)
the quality pre-audit team’s assessment of whether temporary quality accreditation should be granted.

(a)
the manufacturer;

(b)
the euro banknote production activity and the manufacturing site for which temporary quality accreditation is granted;

(c)
the date of expiry of the temporary quality accreditation;

(d)
any specific conditions relating to points (a) to (c).

(a)
the commencement of any procedure for its winding-up or reorganisation or any analogous procedure;

(b)
the appointment of a liquidator, receiver, administrator or similar officer;

(c)
any intention to involve third parties in a euro banknote production activity, including through subcontracting;

(d)
any change made after quality accreditation has been granted that affects, or may affect, the fulfilment of the requirements for quality accreditation;

(e)
any change of control of the manufacturer following a change in its ownership structure or for any other reason.

(a)
assess the non-conformity, taking into account the (pre-)audit report; and

(b)
inform the manufacturer in writing of the observation made or decision taken within 30 ECB working days from receipt of the manufacturer’s comments on the draft (pre-)audit report, specifying: (i) the non-conformity; (ii) the manufacturing site and euro banknote production activity to which the observation or decision relates; (iii) the date of the observation or the date on which the decision will become effective; and (iv) the reasons for the observation or decision.

(a)
laying down, in consultation with the manufacturer, a time limit for the manufacturer to remedy the non-conformity;

(b)
specifying that the manufacturer may not accept new orders for the relevant euro banknote production activity, including participation in relevant tender procedures, if the non-conformity has not been remedied by the expiry of the time limit referred to in point (a).

(a)
rejecting a request to initiate the full or temporary quality accreditation procedure;

(b)
refusing to grant full or temporary quality accreditation;

(c)
pursuant to Articles 14 to 17;

(a)
listing the manufacturers which have been granted full or temporary quality accreditation and their manufacturing sites;

(b)
indicating in respect of each manufacturing site the euro banknote production activity for which quality accreditation has been granted;

(c)
recording the expiry of any quality accreditation.

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(1) thereof,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 16 thereof,

(1) Article 128(1) of the Treaty and Article 16 of the Statute of the ESCB provide that the European Central Bank (ECB) has the exclusive right to authorise the issue of euro banknotes within the Union. This right includes the competence to take measures to protect the integrity of euro banknotes as a means of payment.

(2) Producing euro banknotes and euro banknote raw materials according to identical quality standards is of paramount importance to guaranteeing their quality, wherever they are produced.

(3) A quality accreditation procedure should therefore be put in place to ensure that only manufacturers conforming with minimum quality requirements are accredited to produce euro banknotes and euro banknote raw materials,

HAS ADOPTED THIS DECISION:
Definitions

Article 1

For the purposes of this Decision:

(a)

‘quality accreditation’ means the status, the scope of which is set out in Articles 3 and 4, granted by the ECB to a manufacturer confirming that it is in conformity with the quality requirements;

(b)

‘euro banknote production activity’ means the production of euro banknotes or of any euro banknote raw materials;

(c)

‘manufacturer’ means any entity that is, or wishes to be, involved in a euro banknote production activity;

(d)

‘manufacturing site’ means any premises that a manufacturer uses, or wishes to use, for a euro banknote production activity;

(e)

‘quality requirements’ means the substantive rules to be conformed with by a manufacturer seeking quality accreditation, as separately laid down by the ECB;

(f)

‘quality arrangements’ means the measures taken by a manufacturer at a manufacturing site to conform with the quality requirements;

(g)

‘certification authority’ means an independent certification authority which evaluates manufacturers’ quality management systems and is entitled to certify that a manufacturer fulfils the requirements of the ISO 9001 series of standards;

(h)

‘euro banknote raw materials’ means paper, ink, foil and thread used to produce euro banknotes;

(i)

‘euro secure items’ and ‘euro secure activity’ have the meaning given to them in Decision ECB/2008/3 of 15 May 2008 on security accreditation procedures for manufacturers of euro secure items for euro banknotes(1);

(j)

‘ECB working day’ means a day from Monday to Friday, excluding ECB public holidays;

(k)

‘NCB’ means the national central bank of a Member State whose currency is the euro;

(l)

‘pre-audit questionnaire’ means a form used by the quality audit team to collect information from a manufacturer on the specificities of a manufacturing site and on any changes that have been made to the quality arrangements since the last quality audit.
General principles

Article 2

1.   A manufacturer shall apply for and receive quality accreditation from the ECB before starting or continuing its euro banknote production activity.

2.   An accredited manufacturer may only carry out a euro banknote production activity at the manufacturing sites for which it has been granted quality accreditation under this Decision.

3.   The ECB requirements for quality accreditation shall be minimum requirements. Manufacturers may adopt and implement stricter quality standards, which shall be laid down in their quality plan, as defined in the quality requirements.

4.   The Executive Board shall be competent to take all decisions relating to a manufacturer’s quality accreditation, taking into account the views of the Banknote Committee, and shall inform the Governing Council thereof.

5.   Any costs and associated losses that a manufacturer incurs in connection with the application of this Decision shall be borne by the manufacturer.

6.   The provisions of this Decision are without prejudice to any full or temporary quality accreditation granted before the entry into force of this Decision.
Full quality accreditation

Article 3

1.   A manufacturer may only carry out a euro banknote production activity if the ECB grants it full quality accreditation for that activity.

2.   A manufacturer may be granted full quality accreditation for a euro banknote production activity provided that it fulfils all of the following conditions:

(a)

it has been involved in a euro banknote production activity in the 24 months preceding the request for full quality accreditation or has been granted temporary quality accreditation as laid down in Article 4 and has started a euro banknote production activity in accordance with Article 10(3);

(b)

it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a particular euro banknote production activity and a certification authority has issued a certificate to that effect;

(c)

it conforms with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(d)

if it produces euro secure items, it has full security accreditation at the abovementioned manufacturing site for the abovementioned euro secure activity pursuant to Decision ECB/2008/3;

(e)

if it is a printing works, its manufacturing site is located in a Member State; and

(f)

if it is not a printing works, its manufacturing site is located in a Member State or in a European Free Trade Association (EFTA) Member State.

3.   The Executive Board may grant exemptions to the location requirement set out in points (e) and (f) on a case-by-case basis, taking into account the views of the Banknote Committee. Any such decision shall be promptly notified to the Governing Council. The Executive Board shall abide by any decision of the Governing Council on this issue.

4.   Full quality accreditation shall be granted to a manufacturer for 24 months, subject to a decision taken pursuant to Articles 15, 16 or 17. Full quality accreditation may be renewed every 24 months.

5.   The ECB’s prior written consent shall be required for an accredited manufacturer to outsource the production of euro banknotes or euro banknote raw materials to another manufacturing site or to any third party, including the manufacturer’s subsidiaries and associated companies.
Temporary quality accreditation

Article 4

1.   If a manufacturer has not been involved in a euro banknote production activity in the 24 months preceding the request for full quality accreditation as described in Article 3(2)(a), it may be granted temporary quality accreditation for a planned euro banknote production activity.

2.   A manufacturer may be granted temporary quality accreditation for a planned euro banknote production activity provided that it fulfils all of the following conditions:

(a)

it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a planned euro banknote production activity and a certification authority has issued a certificate to that effect;

(b)

it has established the procedures and the infrastructure necessary to conform with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(c)

if it plans to produce a euro secure item, it has been granted security accreditation at the abovementioned manufacturing site for a planned euro secure activity pursuant to Decision ECB/2008/3;

(d)

if it is a printing works, its manufacturing site is located in a Member State; and

(e)

if it is not a printing works, its manufacturing site is located in a Member State or in an EFTA Member State.

3.   Temporary quality accreditation shall be granted to a manufacturer for one year, subject to a decision taken pursuant to Articles 15, 16 or 17. If the manufacturer tenders for or is commissioned to carry out a euro banknote production activity within this period, its temporary quality accreditation may be extended as necessary until the ECB has taken a decision on whether to grant it full quality accreditation.
Initiation request and appointment of a quality audit team

Article 5

1.   A manufacturer with temporary quality accreditation for a planned euro banknote production activity who wishes to carry out this activity, or who has carried out a euro banknote production activity in the last 24 months and wishes to continue carrying out this activity, shall make a written request to the ECB to initiate the procedure for full quality accreditation. This request shall include all of the following:

(a)

a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks full quality accreditation;

(b)

information on the euro banknote production activity carried out;

(c)

a copy of the certificate referred to in Article 3(2)(b).

2.   The ECB shall check whether the manufacturer has conformed with the requirements laid down in paragraph 1 and inform the manufacturer of the outcome of this evaluation within 30 ECB working days from the date of receipt of the initiation request. The ECB may extend this time limit once, with written notice to the manufacturer. While the ECB is carrying out this evaluation, it may request additional information from the manufacturer in relation to the requirements listed in paragraph 1. If the ECB requests additional information, it shall inform the manufacturer of the outcome of the evaluation within 20 ECB working days from the date of receipt of the additional information. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

3.   In the event of a positive evaluation, the ECB shall inform the manufacturer that a quality audit will be carried out at the manufacturer’s premises. The ECB shall appoint a quality audit team composed of experts from the ECB and NCBs. Such appointments shall avoid conflicts of interest. If a conflict of interest arises after an appointment, the ECB shall immediately replace the expert in question with an expert who does not have a conflict of interest.

4.   The ECB shall reject the initiation request and inform the manufacturer in writing of its decision to do so and the reasons if any of the following applies:

(a)

the manufacturer fails to provide the information required pursuant to paragraph 1;

(b)

it fails to supply any additional information requested by the ECB pursuant to paragraph 2 within a reasonable period to be mutually agreed;

(c)

the ECB has revoked the manufacturer’s full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)

the location of the manufacturing site does not meet the requirements laid down in Article 3(2)(e) or (f);

(e)

the manufacturer produces euro secure items and the ECB has not granted it security accreditation as referred to in Article 3(2)(d).

5.   If an accredited manufacturer wishes to have its quality accreditation renewed, and provided it re-applies for full quality accreditation before the date established in accordance with Article 7(2)(c), its quality accreditation shall remain valid until the ECB has taken a decision pursuant to Article 7(1).
Quality audit

Article 6

1.   The quality audit shall commence on a date that has been mutually agreed between the manufacturer and the ECB. If the manufacturer is a printing works, the quality audit shall take place during euro banknote production.

2.   At the latest two weeks before the quality audit, the ECB shall provide the manufacturer with a pre-audit questionnaire which it shall complete and send back to the ECB at least one week before the quality audit.

3.   The quality audit shall take place at the manufacturing site for which the manufacturer seeks quality accreditation.

4.   The quality audit team shall assess whether the manufacturer’s quality arrangements conform with the quality requirements. If the manufacturer proposes improvements to conform with the quality requirements, quality accreditation shall not be granted until such improvements are in place. The quality audit team may conduct a follow-up quality audit to verify whether, following such improvements, the quality arrangements conform with the quality requirements, before submitting to the manufacturer the draft audit report referred to in paragraph 6.

5.   On completion of the quality audit, and, where applicable, the follow-up quality audit, and before leaving the manufacturing site, the quality audit team shall set out its findings, including any non-conformity with the quality requirements and any improvements proposed by the manufacturer, in a preliminary summary, agreed and signed by both the quality audit team and the manufacturer.

6.   The quality audit team shall prepare a draft audit report based on the preliminary summary. This report shall in particular contain details of:

(a)

the quality arrangements in place at the manufacturing site that conform with the quality requirements;

(b)

any instances of non-conformity with the quality requirements that the quality audit team has identified;

(c)

any action taken by the manufacturer during the quality audit;

(d)

any improvements proposed by the manufacturer and, in cases where a follow-up quality audit is carried out, the quality audit team’s assessment of whether such improvements have been carried out;

(e)

the quality audit team’s assessment of whether full quality accreditation should be granted.

7.   The draft audit report shall be sent to the manufacturer within 30 ECB working days from the date of completion of the quality audit or, where applicable, the follow-up quality audit. The manufacturer may comment on the draft audit report within 30 ECB working days from receipt. The ECB shall finalise the draft audit report taking into account the manufacturer’s comments before taking a decision pursuant to Article 7. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

8.   Notwithstanding the provisions of this Article, in the event of a quality problem affecting the quality of euro banknotes or of euro banknote raw materials, the ECB may organise an ad hoc quality audit to investigate the issue. Paragraphs 5 to 7 shall apply accordingly.
Decision on full quality accreditation

Article 7

1.   The ECB shall notify the manufacturer in writing of its decision on the request for full quality accreditation within 30 ECB working days from receipt of the manufacturer’s comments on the draft audit report, or from the expiry of the time limit for providing such comments.

2.   In the event of a positive decision, the ECB shall grant the manufacturer full quality accreditation. The decision shall clearly identify:

(a)

the manufacturer;

(b)

the euro banknote production activity and the manufacturing site for which full quality accreditation is granted;

(c)

the date of expiry of the full quality accreditation;

(d)

any specific conditions relating to points (a) to (c).

The decision shall be based on the information set out in the final audit report, which shall be attached to the decision.

3.   If full quality accreditation is not granted to the manufacturer, the ECB shall specify the reasons and the manufacturer may initiate the review procedure laid down in Article 18.
Initiation request and appointment of a quality pre-audit team

Article 8

1.   If a manufacturer:

(i)

has not carried out a euro banknote production activity in the 24 months preceding the request for temporary quality accreditation; or

(ii)

has not carried out any euro banknote production activity but has been requested by an NCB or a printing works to start a euro banknote production activity;

it shall make a written request to the ECB to initiate the procedure for temporary quality accreditation.

This request shall include all of the following:

(a)

a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks temporary quality accreditation;

(b)

information on the euro banknote production activity to be carried out;

(c)

a copy of the certificate referred to in Article 4(2)(a).

2.   A manufacturer whose temporary quality accreditation has expired may apply for a new temporary quality accreditation. In addition to the information required under paragraph 1, it shall specify in the written request to the ECB the reasons for not having (a) tendered for; or (b) been commissioned to carry out a euro banknote production activity as referred to in Article 4(3).

3.   The ECB shall check whether the manufacturer has conformed with the requirements laid down in paragraphs 1 and 2 and inform the manufacturer of the outcome of this evaluation within 30 ECB working days from the date of receipt of the initiation request. The ECB may extend this time limit once with written notice to the manufacturer. While the ECB is carrying out this evaluation, it may request additional information from the manufacturer in relation to the requirements listed in paragraphs 1 and 2. If the ECB requests additional information, it shall inform the manufacturer of the outcome of the evaluation within 20 ECB working days from the date of receipt of the additional information. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

4.   In the event of a positive evaluation, the ECB shall inform the manufacturer that a quality pre-audit will be carried out at the manufacturer’s premises. The quality pre-audit team shall be appointed as laid down in Article 5(3).

5.   The ECB shall reject the initiation request and inform the manufacturer in writing of its rejection and the reasons if any of the following applies:

(a)

the manufacturer fails to provide the information required pursuant to paragraphs 1 and 2;

(b)

it fails to supply any additional information requested by the ECB pursuant to paragraph 3 within a reasonable period to be mutually agreed;

(c)

the ECB has revoked its temporary or full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)

the location of the manufacturing site does not meet the requirements laid down in Article 4(2)(d) and (e);

(e)

the manufacturer plans to produce euro secure items and the ECB has not granted it security accreditation as referred to in Article 4(2)(c).

6.   Subject to paragraph 2, if an accredited manufacturer wishes to have its quality accreditation renewed, and provided it re-applies for temporary quality accreditation before the date established in accordance with Article 10(2)(c), its quality accreditation shall remain valid until the ECB has taken a decision pursuant to Article 10(1).
Quality pre-audit

Article 9

1.   The quality pre-audit shall commence on a date that has been mutually agreed between the manufacturer and the ECB.

2.   The quality pre-audit shall take place at the manufacturing site for which the manufacturer seeks quality accreditation.

3.   The quality pre-audit team shall assess whether the quality arrangements that the manufacturer has in place will conform with the quality requirements as soon as the manufacturer starts a euro banknote production activity.

4.   The quality pre-audit team shall set out its findings in a draft pre-audit report. This draft pre-audit report shall in particular contain details of all of the following:

(a)

the quality arrangements already in place at the manufacturing site that conform with the quality requirements;

(b)

any quality arrangements that the manufacturer still needs to put in place in order to conform with the quality requirements;

(c)

the quality pre-audit team’s assessment of whether temporary quality accreditation should be granted.

5.   The draft pre-audit report shall be sent to the manufacturer within 30 ECB working days from the date of completion of the quality pre-audit. The manufacturer may comment within 30 ECB working days from receipt of the draft pre-audit report. The ECB shall finalise the draft pre-audit report taking into account the manufacturer’s comments before taking a decision pursuant to Article 10. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.
Decision on temporary quality accreditation

Article 10

1.   The ECB shall notify the manufacturer in writing of its decision on the request for temporary quality accreditation within 30 ECB working days from receipt of the manufacturer’s comments on the draft pre-audit report, or from the expiry of the time limit for providing such comments.

2.   In the event of a positive decision, the ECB shall grant the manufacturer temporary quality accreditation. The ECB decision shall clearly identify:

(a)

the manufacturer;

(b)

the euro banknote production activity and the manufacturing site for which temporary quality accreditation is granted;

(c)

the date of expiry of the temporary quality accreditation;

(d)

any specific conditions relating to points (a) to (c).

The decision shall be based on the information set out in the final pre-audit report referred to in Article 9(5), which shall be attached to the decision.

3.   A manufacturer that has been granted temporary quality accreditation may tender for or be commissioned to carry out a euro banknote production activity. Once the manufacturer starts a euro banknote production activity, it shall immediately make a written request to the ECB to initiate the procedure for full quality accreditation pursuant to Section II. The quality audit referred to in Article 6 shall commence no later than 12 months from the date on which the manufacturer has been granted temporary quality accreditation.

4.   The ECB shall specify the reasons for not granting temporary quality accreditation. The manufacturer may initiate the review procedure laid down in Article 18.
Continuing obligations of quality accredited manufacturers and of the ECB

Article 11

1.   An accredited manufacturer shall, for the relevant manufacturing site, provide the ECB with a copy of the certificate for its quality management system each time the initial certificate referred to in Articles 3(2)(b) and 4(2)(a) is renewed.

2.   An accredited manufacturer shall inform the ECB in writing and without undue delay of any of the following:

(a)

the commencement of any procedure for its winding-up or reorganisation or any analogous procedure;

(b)

the appointment of a liquidator, receiver, administrator or similar officer;

(c)

any intention to involve third parties in a euro banknote production activity, including through subcontracting;

(d)

any change made after quality accreditation has been granted that affects, or may affect, the fulfilment of the requirements for quality accreditation;

(e)

any change of control of the manufacturer following a change in its ownership structure or for any other reason.

3.   An accredited manufacturer shall keep the quality requirements confidential.

4.   The ECB shall inform accredited manufacturers of any update of the quality requirements.
Decision-making procedure

Article 12

1.   In making an observation or taking a decision as referred to in Articles 14 to 17, the ECB shall:

(a)

assess the non-conformity, taking into account the (pre-)audit report; and

(b)

inform the manufacturer in writing of the observation made or decision taken within 30 ECB working days from receipt of the manufacturer’s comments on the draft (pre-)audit report, specifying: (i) the non-conformity; (ii) the manufacturing site and euro banknote production activity to which the observation or decision relates; (iii) the date of the observation or the date on which the decision will become effective; and (iv) the reasons for the observation or decision.

2.   In all cases where the ECB makes an observation or takes a decision pursuant to Articles 14 to 17, it shall be proportionate to the seriousness of the non-conformity. The ECB shall inform the NCBs and all manufacturers of the observation made or decision taken, and its scope and duration. It shall also specify that the NCBs will be notified of any change in the non-conforming manufacturer’s status.
Instances of non-conformity

Article 13

1.   Non-conformity by a manufacturer with the quality requirements, the other requirements for quality accreditation, or the obligations laid down in Article 11, shall be classified by the quality (pre-)audit team in one of the categories listed in paragraphs 2 to 5.

2.   Non-conformity that the quality (pre-)audit team deems to have an immediate and serious impact on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials shall qualify as a major non-conformity and the ECB shall take a decision pursuant to Article 16.

3.   Non-conformity that the quality (pre-)audit team deems not to have an immediate and serious impact on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials but that may have a direct adverse effect on the quality of such production shall qualify as a standard non-conformity and the ECB shall take a decision pursuant to Article 15.

4.   Non-conformity that the quality (pre-)audit team deems not to have a direct adverse effect on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials but that has to be remedied before the next quality audit shall be referred to in the (pre-)audit report as an observation and the ECB shall make a written observation pursuant to Article 14.

5.   Non-conformity that is not of a type referred to in paragraphs 2 to 4 shall be referred to in the (pre-) audit report as a note but shall not give rise to any further action pursuant to Articles 14 to 17.
Written observation

Article 14

1.   The ECB shall make a written observation to the manufacturer in the event of non-conformity of the type referred to in Article 13(4), which may be added to the (pre-)audit report.

2.   The written observation shall state that if the non-conformity has not been remedied when the next (pre-)audit takes place, the ECB shall take a decision under Article 15.
Corrective measures and suspension of quality accreditation in relation to new orders

Article 15

If non-conformity of the type referred to in Article 13(3) is identified, but the manufacturer puts forward a reasonable case that it will be able to correct the non-conformity, the ECB shall take a decision:

(a)

laying down, in consultation with the manufacturer, a time limit for the manufacturer to remedy the non-conformity;

(b)

specifying that the manufacturer may not accept new orders for the relevant euro banknote production activity, including participation in relevant tender procedures, if the non-conformity has not been remedied by the expiry of the time limit referred to in point (a).
Suspension of euro banknote production activity

Article 16

1.   If non-conformity referred to in Article 13(2) is identified, the quality (pre-)audit team may recommend to the ECB suspension of the relevant euro banknote production activity with immediate effect until the non-conformity has been remedied. The manufacturer shall provide the quality (pre-)audit team with information concerning any other manufacturer which may be affected as a customer or supplier by the suspension.

2.   As soon as possible after suspension takes effect pursuant to paragraph 1, the quality (pre-)audit team shall, in a follow-up quality audit, assess whether the non-conformity has been remedied. If the quality (pre-)audit team decides that the non-conformity has been remedied, the ECB shall lift the suspension. If the manufacturer does not rectify the non-conformity, the ECB shall take a decision pursuant to Article 17.
Revocation of quality accreditation

Article 17

1.   The ECB shall revoke a manufacturer’s quality accreditation if it is not able to rectify non-conformity of a type referred to in Article 13(2).

2.   In its revocation decision, the ECB shall specify the date from which the manufacturer may reapply for quality accreditation.
Review procedure

Article 18

1.   If the ECB takes any of the following decisions:

(a)

rejecting a request to initiate the full or temporary quality accreditation procedure;

(b)

refusing to grant full or temporary quality accreditation;

(c)

pursuant to Articles 14 to 17;

the manufacturer may, within 30 ECB working days of notification of such a decision, submit a written request to the Governing Council to review the decision. The manufacturer shall include its reasons for such a request and all supporting information.

2.   If the manufacturer explicitly so requests, and gives reasons, the Governing Council may suspend the application of the decision that is to be reviewed.

3.   The Governing Council shall review the decision and communicate its reasoned decision in writing to the manufacturer within two months of receipt of the request.

4.   The application of paragraphs 1 to 3 shall be without prejudice to any rights under Articles 263 and 265 of the Treaty.
ECB quality accreditation register

Article 19

1.   The ECB shall keep a register of quality accreditations:

(a)

listing the manufacturers which have been granted full or temporary quality accreditation and their manufacturing sites;

(b)

indicating in respect of each manufacturing site the euro banknote production activity for which quality accreditation has been granted;

(c)

recording the expiry of any quality accreditation.

2.   If the ECB takes a decision under Article 16, it shall record the duration of the suspension.

3.   If the ECB takes a decision under Article 17, it shall remove the name of the manufacturer from the register.

4.   The ECB shall make available to NCBs and accredited manufacturers a list of all manufacturers contained in the register and any updates thereof.
Entry into force

Article 20

This Decision shall enter into force on the day following its publication in theOfficial Journal of the European Union.

It shall apply from 1 May 2011.
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(1) thereof,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 16 thereof,

(1) Article 128(1) of the Treaty and Article 16 of the Statute of the ESCB provide that the European Central Bank (ECB) has the exclusive right to authorise the issue of euro banknotes within the Union. This right includes the competence to take measures to protect the integrity of euro banknotes as a means of payment.

(2) Producing euro banknotes and euro banknote raw materials according to identical quality standards is of paramount importance to guaranteeing their quality, wherever they are produced.

(3) A quality accreditation procedure should therefore be put in place to ensure that only manufacturers conforming with minimum quality requirements are accredited to produce euro banknotes and euro banknote raw materials,

HAS ADOPTED THIS DECISION:
DefinitionsFor the purposes of this Decision:

(a)

‘quality accreditation’ means the status, the scope of which is set out in Articles 3 and 4, granted by the ECB to a manufacturer confirming that it is in conformity with the quality requirements;

(b)

‘euro banknote production activity’ means the production of euro banknotes or of any euro banknote raw materials;

(c)

‘manufacturer’ means any entity that is, or wishes to be, involved in a euro banknote production activity;

(d)

‘manufacturing site’ means any premises that a manufacturer uses, or wishes to use, for a euro banknote production activity;

(e)

‘quality requirements’ means the substantive rules to be conformed with by a manufacturer seeking quality accreditation, as separately laid down by the ECB;

(f)

‘quality arrangements’ means the measures taken by a manufacturer at a manufacturing site to conform with the quality requirements;

(g)

‘certification authority’ means an independent certification authority which evaluates manufacturers’ quality management systems and is entitled to certify that a manufacturer fulfils the requirements of the ISO 9001 series of standards;

(h)

‘euro banknote raw materials’ means paper, ink, foil and thread used to produce euro banknotes;

(i)

‘euro secure items’ and ‘euro secure activity’ have the meaning given to them in Decision ECB/2008/3 of 15 May 2008 on security accreditation procedures for manufacturers of euro secure items for euro banknotes(1);

(j)

‘ECB working day’ means a day from Monday to Friday, excluding ECB public holidays;

(k)

‘NCB’ means the national central bank of a Member State whose currency is the euro;

(l)

‘pre-audit questionnaire’ means a form used by the quality audit team to collect information from a manufacturer on the specificities of a manufacturing site and on any changes that have been made to the quality arrangements since the last quality audit.
General principles1.   A manufacturer shall apply for and receive quality accreditation from the ECB before starting or continuing its euro banknote production activity.

2.   An accredited manufacturer may only carry out a euro banknote production activity at the manufacturing sites for which it has been granted quality accreditation under this Decision.

3.   The ECB requirements for quality accreditation shall be minimum requirements. Manufacturers may adopt and implement stricter quality standards, which shall be laid down in their quality plan, as defined in the quality requirements.

4.   The Executive Board shall be competent to take all decisions relating to a manufacturer’s quality accreditation, taking into account the views of the Banknote Committee, and shall inform the Governing Council thereof.

5.   Any costs and associated losses that a manufacturer incurs in connection with the application of this Decision shall be borne by the manufacturer.

6.   The provisions of this Decision are without prejudice to any full or temporary quality accreditation granted before the entry into force of this Decision.
Full quality accreditation1.   A manufacturer may only carry out a euro banknote production activity if the ECB grants it full quality accreditation for that activity.

2.   A manufacturer may be granted full quality accreditation for a euro banknote production activity provided that it fulfils all of the following conditions:

(a)

it has been involved in a euro banknote production activity in the 24 months preceding the request for full quality accreditation or has been granted temporary quality accreditation as laid down in Article 4 and has started a euro banknote production activity in accordance with Article 10(3);

(b)

it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a particular euro banknote production activity and a certification authority has issued a certificate to that effect;

(c)

it conforms with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(d)

if it produces euro secure items, it has full security accreditation at the abovementioned manufacturing site for the abovementioned euro secure activity pursuant to Decision ECB/2008/3;

(e)

if it is a printing works, its manufacturing site is located in a Member State; and

(f)

if it is not a printing works, its manufacturing site is located in a Member State or in a European Free Trade Association (EFTA) Member State.

3.   The Executive Board may grant exemptions to the location requirement set out in points (e) and (f) on a case-by-case basis, taking into account the views of the Banknote Committee. Any such decision shall be promptly notified to the Governing Council. The Executive Board shall abide by any decision of the Governing Council on this issue.

4.   Full quality accreditation shall be granted to a manufacturer for 24 months, subject to a decision taken pursuant to Articles 15, 16 or 17. Full quality accreditation may be renewed every 24 months.

5.   The ECB’s prior written consent shall be required for an accredited manufacturer to outsource the production of euro banknotes or euro banknote raw materials to another manufacturing site or to any third party, including the manufacturer’s subsidiaries and associated companies.
Temporary quality accreditation1.   If a manufacturer has not been involved in a euro banknote production activity in the 24 months preceding the request for full quality accreditation as described in Article 3(2)(a), it may be granted temporary quality accreditation for a planned euro banknote production activity.

2.   A manufacturer may be granted temporary quality accreditation for a planned euro banknote production activity provided that it fulfils all of the following conditions:

(a)

it conforms with the quality management series of standards ISO 9001 at a particular manufacturing site for a planned euro banknote production activity and a certification authority has issued a certificate to that effect;

(b)

it has established the procedures and the infrastructure necessary to conform with the quality requirements at the abovementioned manufacturing site for the abovementioned euro banknote production activity;

(c)

if it plans to produce a euro secure item, it has been granted security accreditation at the abovementioned manufacturing site for a planned euro secure activity pursuant to Decision ECB/2008/3;

(d)

if it is a printing works, its manufacturing site is located in a Member State; and

(e)

if it is not a printing works, its manufacturing site is located in a Member State or in an EFTA Member State.

3.   Temporary quality accreditation shall be granted to a manufacturer for one year, subject to a decision taken pursuant to Articles 15, 16 or 17. If the manufacturer tenders for or is commissioned to carry out a euro banknote production activity within this period, its temporary quality accreditation may be extended as necessary until the ECB has taken a decision on whether to grant it full quality accreditation.
Initiation request and appointment of a quality audit team1.   A manufacturer with temporary quality accreditation for a planned euro banknote production activity who wishes to carry out this activity, or who has carried out a euro banknote production activity in the last 24 months and wishes to continue carrying out this activity, shall make a written request to the ECB to initiate the procedure for full quality accreditation. This request shall include all of the following:

(a)

a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks full quality accreditation;

(b)

information on the euro banknote production activity carried out;

(c)

a copy of the certificate referred to in Article 3(2)(b).

2.   The ECB shall check whether the manufacturer has conformed with the requirements laid down in paragraph 1 and inform the manufacturer of the outcome of this evaluation within 30 ECB working days from the date of receipt of the initiation request. The ECB may extend this time limit once, with written notice to the manufacturer. While the ECB is carrying out this evaluation, it may request additional information from the manufacturer in relation to the requirements listed in paragraph 1. If the ECB requests additional information, it shall inform the manufacturer of the outcome of the evaluation within 20 ECB working days from the date of receipt of the additional information. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

3.   In the event of a positive evaluation, the ECB shall inform the manufacturer that a quality audit will be carried out at the manufacturer’s premises. The ECB shall appoint a quality audit team composed of experts from the ECB and NCBs. Such appointments shall avoid conflicts of interest. If a conflict of interest arises after an appointment, the ECB shall immediately replace the expert in question with an expert who does not have a conflict of interest.

4.   The ECB shall reject the initiation request and inform the manufacturer in writing of its decision to do so and the reasons if any of the following applies:

(a)

the manufacturer fails to provide the information required pursuant to paragraph 1;

(b)

it fails to supply any additional information requested by the ECB pursuant to paragraph 2 within a reasonable period to be mutually agreed;

(c)

the ECB has revoked the manufacturer’s full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)

the location of the manufacturing site does not meet the requirements laid down in Article 3(2)(e) or (f);

(e)

the manufacturer produces euro secure items and the ECB has not granted it security accreditation as referred to in Article 3(2)(d).

5.   If an accredited manufacturer wishes to have its quality accreditation renewed, and provided it re-applies for full quality accreditation before the date established in accordance with Article 7(2)(c), its quality accreditation shall remain valid until the ECB has taken a decision pursuant to Article 7(1).
Quality audit1.   The quality audit shall commence on a date that has been mutually agreed between the manufacturer and the ECB. If the manufacturer is a printing works, the quality audit shall take place during euro banknote production.

2.   At the latest two weeks before the quality audit, the ECB shall provide the manufacturer with a pre-audit questionnaire which it shall complete and send back to the ECB at least one week before the quality audit.

3.   The quality audit shall take place at the manufacturing site for which the manufacturer seeks quality accreditation.

4.   The quality audit team shall assess whether the manufacturer’s quality arrangements conform with the quality requirements. If the manufacturer proposes improvements to conform with the quality requirements, quality accreditation shall not be granted until such improvements are in place. The quality audit team may conduct a follow-up quality audit to verify whether, following such improvements, the quality arrangements conform with the quality requirements, before submitting to the manufacturer the draft audit report referred to in paragraph 6.

5.   On completion of the quality audit, and, where applicable, the follow-up quality audit, and before leaving the manufacturing site, the quality audit team shall set out its findings, including any non-conformity with the quality requirements and any improvements proposed by the manufacturer, in a preliminary summary, agreed and signed by both the quality audit team and the manufacturer.

6.   The quality audit team shall prepare a draft audit report based on the preliminary summary. This report shall in particular contain details of:

(a)

the quality arrangements in place at the manufacturing site that conform with the quality requirements;

(b)

any instances of non-conformity with the quality requirements that the quality audit team has identified;

(c)

any action taken by the manufacturer during the quality audit;

(d)

any improvements proposed by the manufacturer and, in cases where a follow-up quality audit is carried out, the quality audit team’s assessment of whether such improvements have been carried out;

(e)

the quality audit team’s assessment of whether full quality accreditation should be granted.

7.   The draft audit report shall be sent to the manufacturer within 30 ECB working days from the date of completion of the quality audit or, where applicable, the follow-up quality audit. The manufacturer may comment on the draft audit report within 30 ECB working days from receipt. The ECB shall finalise the draft audit report taking into account the manufacturer’s comments before taking a decision pursuant to Article 7. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

8.   Notwithstanding the provisions of this Article, in the event of a quality problem affecting the quality of euro banknotes or of euro banknote raw materials, the ECB may organise an ad hoc quality audit to investigate the issue. Paragraphs 5 to 7 shall apply accordingly.
Decision on full quality accreditation1.   The ECB shall notify the manufacturer in writing of its decision on the request for full quality accreditation within 30 ECB working days from receipt of the manufacturer’s comments on the draft audit report, or from the expiry of the time limit for providing such comments.

2.   In the event of a positive decision, the ECB shall grant the manufacturer full quality accreditation. The decision shall clearly identify:

(a)

the manufacturer;

(b)

the euro banknote production activity and the manufacturing site for which full quality accreditation is granted;

(c)

the date of expiry of the full quality accreditation;

(d)

any specific conditions relating to points (a) to (c).

The decision shall be based on the information set out in the final audit report, which shall be attached to the decision.

3.   If full quality accreditation is not granted to the manufacturer, the ECB shall specify the reasons and the manufacturer may initiate the review procedure laid down in Article 18.
Initiation request and appointment of a quality pre-audit team1.   If a manufacturer:

(i)

has not carried out a euro banknote production activity in the 24 months preceding the request for temporary quality accreditation; or

(ii)

has not carried out any euro banknote production activity but has been requested by an NCB or a printing works to start a euro banknote production activity;

it shall make a written request to the ECB to initiate the procedure for temporary quality accreditation.

This request shall include all of the following:

(a)

a specification of the manufacturing site and its location and the euro banknote production activity for which the manufacturer seeks temporary quality accreditation;

(b)

information on the euro banknote production activity to be carried out;

(c)

a copy of the certificate referred to in Article 4(2)(a).

2.   A manufacturer whose temporary quality accreditation has expired may apply for a new temporary quality accreditation. In addition to the information required under paragraph 1, it shall specify in the written request to the ECB the reasons for not having (a) tendered for; or (b) been commissioned to carry out a euro banknote production activity as referred to in Article 4(3).

3.   The ECB shall check whether the manufacturer has conformed with the requirements laid down in paragraphs 1 and 2 and inform the manufacturer of the outcome of this evaluation within 30 ECB working days from the date of receipt of the initiation request. The ECB may extend this time limit once with written notice to the manufacturer. While the ECB is carrying out this evaluation, it may request additional information from the manufacturer in relation to the requirements listed in paragraphs 1 and 2. If the ECB requests additional information, it shall inform the manufacturer of the outcome of the evaluation within 20 ECB working days from the date of receipt of the additional information. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.

4.   In the event of a positive evaluation, the ECB shall inform the manufacturer that a quality pre-audit will be carried out at the manufacturer’s premises. The quality pre-audit team shall be appointed as laid down in Article 5(3).

5.   The ECB shall reject the initiation request and inform the manufacturer in writing of its rejection and the reasons if any of the following applies:

(a)

the manufacturer fails to provide the information required pursuant to paragraphs 1 and 2;

(b)

it fails to supply any additional information requested by the ECB pursuant to paragraph 3 within a reasonable period to be mutually agreed;

(c)

the ECB has revoked its temporary or full quality accreditation and the period of prohibition on reapplication specified in the revocation decision has not elapsed;

(d)

the location of the manufacturing site does not meet the requirements laid down in Article 4(2)(d) and (e);

(e)

the manufacturer plans to produce euro secure items and the ECB has not granted it security accreditation as referred to in Article 4(2)(c).

6.   Subject to paragraph 2, if an accredited manufacturer wishes to have its quality accreditation renewed, and provided it re-applies for temporary quality accreditation before the date established in accordance with Article 10(2)(c), its quality accreditation shall remain valid until the ECB has taken a decision pursuant to Article 10(1).
Quality pre-audit1.   The quality pre-audit shall commence on a date that has been mutually agreed between the manufacturer and the ECB.

2.   The quality pre-audit shall take place at the manufacturing site for which the manufacturer seeks quality accreditation.

3.   The quality pre-audit team shall assess whether the quality arrangements that the manufacturer has in place will conform with the quality requirements as soon as the manufacturer starts a euro banknote production activity.

4.   The quality pre-audit team shall set out its findings in a draft pre-audit report. This draft pre-audit report shall in particular contain details of all of the following:

(a)

the quality arrangements already in place at the manufacturing site that conform with the quality requirements;

(b)

any quality arrangements that the manufacturer still needs to put in place in order to conform with the quality requirements;

(c)

the quality pre-audit team’s assessment of whether temporary quality accreditation should be granted.

5.   The draft pre-audit report shall be sent to the manufacturer within 30 ECB working days from the date of completion of the quality pre-audit. The manufacturer may comment within 30 ECB working days from receipt of the draft pre-audit report. The ECB shall finalise the draft pre-audit report taking into account the manufacturer’s comments before taking a decision pursuant to Article 10. The ECB may agree with the manufacturer to extend the deadlines mentioned in this paragraph.
Decision on temporary quality accreditation1.   The ECB shall notify the manufacturer in writing of its decision on the request for temporary quality accreditation within 30 ECB working days from receipt of the manufacturer’s comments on the draft pre-audit report, or from the expiry of the time limit for providing such comments.

2.   In the event of a positive decision, the ECB shall grant the manufacturer temporary quality accreditation. The ECB decision shall clearly identify:

(a)

the manufacturer;

(b)

the euro banknote production activity and the manufacturing site for which temporary quality accreditation is granted;

(c)

the date of expiry of the temporary quality accreditation;

(d)

any specific conditions relating to points (a) to (c).

The decision shall be based on the information set out in the final pre-audit report referred to in Article 9(5), which shall be attached to the decision.

3.   A manufacturer that has been granted temporary quality accreditation may tender for or be commissioned to carry out a euro banknote production activity. Once the manufacturer starts a euro banknote production activity, it shall immediately make a written request to the ECB to initiate the procedure for full quality accreditation pursuant to Section II. The quality audit referred to in Article 6 shall commence no later than 12 months from the date on which the manufacturer has been granted temporary quality accreditation.

4.   The ECB shall specify the reasons for not granting temporary quality accreditation. The manufacturer may initiate the review procedure laid down in Article 18.
Continuing obligations of quality accredited manufacturers and of the ECB1.   An accredited manufacturer shall, for the relevant manufacturing site, provide the ECB with a copy of the certificate for its quality management system each time the initial certificate referred to in Articles 3(2)(b) and 4(2)(a) is renewed.

2.   An accredited manufacturer shall inform the ECB in writing and without undue delay of any of the following:

(a)

the commencement of any procedure for its winding-up or reorganisation or any analogous procedure;

(b)

the appointment of a liquidator, receiver, administrator or similar officer;

(c)

any intention to involve third parties in a euro banknote production activity, including through subcontracting;

(d)

any change made after quality accreditation has been granted that affects, or may affect, the fulfilment of the requirements for quality accreditation;

(e)

any change of control of the manufacturer following a change in its ownership structure or for any other reason.

3.   An accredited manufacturer shall keep the quality requirements confidential.

4.   The ECB shall inform accredited manufacturers of any update of the quality requirements.
Decision-making procedure1.   In making an observation or taking a decision as referred to in Articles 14 to 17, the ECB shall:

(a)

assess the non-conformity, taking into account the (pre-)audit report; and

(b)

inform the manufacturer in writing of the observation made or decision taken within 30 ECB working days from receipt of the manufacturer’s comments on the draft (pre-)audit report, specifying: (i) the non-conformity; (ii) the manufacturing site and euro banknote production activity to which the observation or decision relates; (iii) the date of the observation or the date on which the decision will become effective; and (iv) the reasons for the observation or decision.

2.   In all cases where the ECB makes an observation or takes a decision pursuant to Articles 14 to 17, it shall be proportionate to the seriousness of the non-conformity. The ECB shall inform the NCBs and all manufacturers of the observation made or decision taken, and its scope and duration. It shall also specify that the NCBs will be notified of any change in the non-conforming manufacturer’s status.
Instances of non-conformity1.   Non-conformity by a manufacturer with the quality requirements, the other requirements for quality accreditation, or the obligations laid down in Article 11, shall be classified by the quality (pre-)audit team in one of the categories listed in paragraphs 2 to 5.

2.   Non-conformity that the quality (pre-)audit team deems to have an immediate and serious impact on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials shall qualify as a major non-conformity and the ECB shall take a decision pursuant to Article 16.

3.   Non-conformity that the quality (pre-)audit team deems not to have an immediate and serious impact on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials but that may have a direct adverse effect on the quality of such production shall qualify as a standard non-conformity and the ECB shall take a decision pursuant to Article 15.

4.   Non-conformity that the quality (pre-)audit team deems not to have a direct adverse effect on the quality of the manufacturer’s production of euro banknotes or euro banknote raw materials but that has to be remedied before the next quality audit shall be referred to in the (pre-)audit report as an observation and the ECB shall make a written observation pursuant to Article 14.

5.   Non-conformity that is not of a type referred to in paragraphs 2 to 4 shall be referred to in the (pre-) audit report as a note but shall not give rise to any further action pursuant to Articles 14 to 17.
Written observation1.   The ECB shall make a written observation to the manufacturer in the event of non-conformity of the type referred to in Article 13(4), which may be added to the (pre-)audit report.

2.   The written observation shall state that if the non-conformity has not been remedied when the next (pre-)audit takes place, the ECB shall take a decision under Article 15.
Corrective measures and suspension of quality accreditation in relation to new ordersIf non-conformity of the type referred to in Article 13(3) is identified, but the manufacturer puts forward a reasonable case that it will be able to correct the non-conformity, the ECB shall take a decision:

(a)

laying down, in consultation with the manufacturer, a time limit for the manufacturer to remedy the non-conformity;

(b)

specifying that the manufacturer may not accept new orders for the relevant euro banknote production activity, including participation in relevant tender procedures, if the non-conformity has not been remedied by the expiry of the time limit referred to in point (a).
Suspension of euro banknote production activity1.   If non-conformity referred to in Article 13(2) is identified, the quality (pre-)audit team may recommend to the ECB suspension of the relevant euro banknote production activity with immediate effect until the non-conformity has been remedied. The manufacturer shall provide the quality (pre-)audit team with information concerning any other manufacturer which may be affected as a customer or supplier by the suspension.

2.   As soon as possible after suspension takes effect pursuant to paragraph 1, the quality (pre-)audit team shall, in a follow-up quality audit, assess whether the non-conformity has been remedied. If the quality (pre-)audit team decides that the non-conformity has been remedied, the ECB shall lift the suspension. If the manufacturer does not rectify the non-conformity, the ECB shall take a decision pursuant to Article 17.
Revocation of quality accreditation1.   The ECB shall revoke a manufacturer’s quality accreditation if it is not able to rectify non-conformity of a type referred to in Article 13(2).

2.   In its revocation decision, the ECB shall specify the date from which the manufacturer may reapply for quality accreditation.
Review procedure1.   If the ECB takes any of the following decisions:

(a)

rejecting a request to initiate the full or temporary quality accreditation procedure;

(b)

refusing to grant full or temporary quality accreditation;

(c)

pursuant to Articles 14 to 17;

the manufacturer may, within 30 ECB working days of notification of such a decision, submit a written request to the Governing Council to review the decision. The manufacturer shall include its reasons for such a request and all supporting information.

2.   If the manufacturer explicitly so requests, and gives reasons, the Governing Council may suspend the application of the decision that is to be reviewed.

3.   The Governing Council shall review the decision and communicate its reasoned decision in writing to the manufacturer within two months of receipt of the request.

4.   The application of paragraphs 1 to 3 shall be without prejudice to any rights under Articles 263 and 265 of the Treaty.
ECB quality accreditation register1.   The ECB shall keep a register of quality accreditations:

(a)

listing the manufacturers which have been granted full or temporary quality accreditation and their manufacturing sites;

(b)

indicating in respect of each manufacturing site the euro banknote production activity for which quality accreditation has been granted;

(c)

recording the expiry of any quality accreditation.

2.   If the ECB takes a decision under Article 16, it shall record the duration of the suspension.

3.   If the ECB takes a decision under Article 17, it shall remove the name of the manufacturer from the register.

4.   The ECB shall make available to NCBs and accredited manufacturers a list of all manufacturers contained in the register and any updates thereof.
Entry into forceThis Decision shall enter into force on the day following its publication in theOfficial Journal of the European Union.

It shall apply from 1 May 2011.

Pending: 32010D0021

                                January 16, 2026                            

9.2.2011
EN
Official Journal of the European Union
L 35/1

(1)
Decision ECB/2006/17 of 10 November 2006 on the annual accounts of the European Central Bank(1)has been substantially amended several times. Since further amendments are to be made, in particular with regard to the hedging of interest rate risk, it should be recast in the interests of clarity.

(2)
Guideline ECB/2006/16 of 10 November 2006 on the legal framework for accounting and financial reporting in the European System of Central Banks(2)to which Decision ECB/2006/17 refers has been recast and repealed by Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(3),

(a)
if the quantity sold is considered not significant in comparison with the total amount of the held-to-maturity securities portfolio;

(b)
if the securities are sold during the month of the maturity date;

(c)
under exceptional circumstances, such as a significant deterioration of the issuer’s creditworthiness, or following an explicit monetary policy decision of the Governing Council.

Balance sheet item
Categorisation of contents of balance sheet items
Valuation principle

1Gold and gold receivables
1
Gold and gold receivables
Physical gold, i.e. bars, coins, plates, nuggets, in storage or ‘under way’. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than one business day between release and receipt
Market value

1
Gold and gold receivables

2Claims on non-euro area residents denominated in foreign currency
2
Claims on non-euro area residents denominated in foreign currency
Claims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency

2
Claims on non-euro area residents denominated in foreign currency

2.1Receivables from the International Monetary Fund (IMF)
2.1
Receivables from the International Monetary Fund (IMF)
(a)Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’
(a)
Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’
(a)Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate
(a)
Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate

2.1
Receivables from the International Monetary Fund (IMF)

(a)
Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’

(a)
Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate

(b)SDRsHoldings of SDRs (gross)
(b)
SDRsHoldings of SDRs (gross)
(b)SDRsNominal value, translation at the foreign exchange market rate
(b)
SDRsNominal value, translation at the foreign exchange market rate

(b)
SDRsHoldings of SDRs (gross)

(b)
SDRsNominal value, translation at the foreign exchange market rate

(c)Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF
(c)
Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF
(c)Other claimsNominal value, translation at the foreign exchange market rate
(c)
Other claimsNominal value, translation at the foreign exchange market rate

(c)
Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF

(c)
Other claimsNominal value, translation at the foreign exchange market rate

2.2Balances with banks and security investments, external loans and other external assets
2.2
Balances with banks and security investments, external loans and other external assets
(a)Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions
(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions
(a)Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate
(a)
Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate

2.2
Balances with banks and security investments, external loans and other external assets

(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions

(a)
Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate

(b)Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents
(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents
(b)(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(b)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents

(b)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(c)External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’
(c)
External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’
(c)External loansDeposits at nominal value, translated at the foreign exchange market rate
(c)
External loansDeposits at nominal value, translated at the foreign exchange market rate

(c)
External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c)
External loansDeposits at nominal value, translated at the foreign exchange market rate

(d)Other external assetsNon-euro area banknotes and coins
(d)
Other external assetsNon-euro area banknotes and coins
(d)Other external assetsNominal value, translation at the foreign exchange market rate
(d)
Other external assetsNominal value, translation at the foreign exchange market rate

(d)
Other external assetsNon-euro area banknotes and coins

(d)
Other external assetsNominal value, translation at the foreign exchange market rate

3Claims on euro area residents denominated in foreign currency
3
Claims on euro area residents denominated in foreign currency
(a)Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents
(a)
Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents
(a)(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(a)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

3
Claims on euro area residents denominated in foreign currency

(a)
Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents

(a)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(b)Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending
(b)
Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending
(b)Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate
(b)
Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate

(b)
Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending

(b)
Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate

4Claims on non-euro area residents denominated in euro
4
Claims on non-euro area residents denominated in euro

4
Claims on non-euro area residents denominated in euro

4.1Balances with banks, security investments and loans
4.1
Balances with banks, security investments and loans
(a)Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro
(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro
(a)Balances with banks outside the euro areaNominal value
(a)
Balances with banks outside the euro areaNominal value

4.1
Balances with banks, security investments and loans

(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro

(a)
Balances with banks outside the euro areaNominal value

(b)Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents
(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents
(b)(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price
(b)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price

(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents

(b)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price

(c)Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’
(c)
Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’
(c)Loans outside the euro areaDeposits at nominal value
(c)
Loans outside the euro areaDeposits at nominal value

(c)
Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c)
Loans outside the euro areaDeposits at nominal value

(d)Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location
(d)
Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location
(d)(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(d)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(d)
Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location

(d)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

4.2Claims arising from the credit facility under ERM II
4.2
Claims arising from the credit facility under ERM II
Lending in accordance with the ERM II conditions
Nominal value

4.2
Claims arising from the credit facility under ERM II

5Lending to euro area credit institutions related to monetary policy operations denominated in euro
5
Lending to euro area credit institutions related to monetary policy operations denominated in euro
Items 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem(1)

5
Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1Main refinancing operations
5.1
Main refinancing operations
Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of 1 week
Nominal value or repo cost

5.1
Main refinancing operations

5.2Longer-term refinancing operations
5.2
Longer-term refinancing operations
Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of 3 months
Nominal value or repo cost

5.2
Longer-term refinancing operations

5.3Fine-tuning reverse operations
5.3
Fine-tuning reverse operations
Reverse transactions, executed as ad hoc transactions for fine-tuning purposes
Nominal value or repo cost

5.3
Fine-tuning reverse operations

5.4Structural reverse operations
5.4
Structural reverse operations
Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector
Nominal value or repo cost

5.4
Structural reverse operations

5.5Marginal lending facility
5.5
Marginal lending facility
Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility)
Nominal value or repo cost

5.5
Marginal lending facility

5.6Credits related to margin calls
5.6
Credits related to margin calls
Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions
Nominal value or cost

5.6
Credits related to margin calls

6Other claims on euro area credit institutions denominated in euro
6
Other claims on euro area credit institutions denominated in euro
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 ‘Securities of euro area residents denominated in euro’, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem
Nominal value or cost

6
Other claims on euro area credit institutions denominated in euro

7Securities of euro area residents denominated in euro
7
Securities of euro area residents denominated in euro

7
Securities of euro area residents denominated in euro

7.1Securities held for monetary policy purposes
7.1
Securities held for monetary policy purposes
Securities issued in the euro area held for monetary policy purposes. ECB debt certificates purchased for fine-tuning purposes
(a)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(b)Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised(c)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(b)
Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised
(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

7.1
Securities held for monetary policy purposes

(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b)
Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised

(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

7.2Other securities
7.2
Other securities
Securities other than those under asset item 7.1 ‘Securities held for monetary policy purposes’ and under asset item 11.3 ‘Other financial assets’: notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro. Equity instruments
(a)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(b)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(c)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(d)Marketable equity instrumentsMarket price
(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(b)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(d)
Marketable equity instrumentsMarket price

7.2
Other securities

(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(d)
Marketable equity instrumentsMarket price

8General government debt denominated in euro
8
General government debt denominated in euro
Claims on government stemming from before EMU (non-marketable securities, loans)
Deposits/loans at nominal value, non-marketable securities at cost

8
General government debt denominated in euro

9Intra-Eurosystem claims
9
Intra-Eurosystem claims

9
Intra-Eurosystem claims

9.1Claims related to the issuance of ECB debt certificates
9.1
Claims related to the issuance of ECB debt certificates
Intra-Eurosystem claims vis-à-vis NCBs, arising from the issuance of ECB debt certificates
Cost

9.1
Claims related to the issuance of ECB debt certificates

9.2Claims related to the allocation of euro banknotes within the Eurosystem
9.2
Claims related to the allocation of euro banknotes within the Eurosystem
Claims related to the ECB's banknote issue, in accordance with Decision ECB/2010/29 of 13 December 2010 on the issue of euro banknotes(2)
Nominal value

9.2
Claims related to the allocation of euro banknotes within the Eurosystem

9.3Other claims within the Eurosystem (net)
9.3
Other claims within the Eurosystem (net)
Net position of the following sub-items:

9.3
Other claims within the Eurosystem (net)

(a)net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’
(a)
net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’
(a)Nominal value
(a)
Nominal value

(a)
net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’

(a)
Nominal value

(b)other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs
(b)
other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs
(b)Nominal value
(b)
Nominal value

(b)
other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b)
Nominal value

10Items in course of settlement
10
Items in course of settlement
Settlement account balances (claims), including the float of cheques in collection
Nominal value

10
Items in course of settlement

11Other assets
11
Other assets

11
Other assets

11.1Coins of euro area
11.1
Coins of euro area
Euro coins
Nominal value

11.1
Coins of euro area

11.2Tangible and intangible fixed assets
11.2
Tangible and intangible fixed assets
Land and buildings, furniture and equipment including computer equipment, software
Cost less depreciationDepreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The useful life is the period over which a fixed asset is expected to be available for use by the entity. Useful lives of individual material fixed assets may be reviewed on a systematic basis, if expectations differ from previous estimates. Major assets may comprise components with different useful lives. The lives of such components should be assessed individuallyThe cost of intangible assets includes the price for the acquisition of the intangible asset. Other direct or indirect costs are to be expensedCapitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation)

11.2
Tangible and intangible fixed assets

11.3Other financial assets
11.3
Other financial assets
—Participating interests and investments in subsidiaries, equities held for strategic/policy reasons—Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio—Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item
—
Participating interests and investments in subsidiaries, equities held for strategic/policy reasons
—
Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio
—
Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item
(a)Marketable equity instrumentsMarket price(b)Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment(c)Investment in subsidiaries or significant interestsNet asset value(d)Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised(e)Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised(f)Non-marketable securitiesCost subject to impairment(g)Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies
(a)
Marketable equity instrumentsMarket price
(b)
Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment
(c)
Investment in subsidiaries or significant interestsNet asset value
(d)
Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised
(e)
Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised
(f)
Non-marketable securitiesCost subject to impairment
(g)
Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies

11.3
Other financial assets

—
Participating interests and investments in subsidiaries, equities held for strategic/policy reasons

—
Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio

—
Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item

(a)
Marketable equity instrumentsMarket price

(b)
Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment

(c)
Investment in subsidiaries or significant interestsNet asset value

(d)
Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised

(e)
Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised

(f)
Non-marketable securitiesCost subject to impairment

(g)
Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies

11.4Off-balance-sheet instruments revaluation differences
11.4
Off-balance-sheet instruments revaluation differences
Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date
Net position between forward and spot, at the foreign exchange market rate

11.4
Off-balance-sheet instruments revaluation differences

11.5Accruals and prepaid expenditure
11.5
Accruals and prepaid expenditure
Income not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid, i.e. accrued interest purchased with a security
Nominal value, foreign exchange translated at market rate

11.5
Accruals and prepaid expenditure

11.6Sundry
11.6
Sundry
(a)Advances, loans and other minor items. Loans on a trust basis
(a)
Advances, loans and other minor items. Loans on a trust basis
(a)Nominal value or cost
(a)
Nominal value or cost

11.6
Sundry

(a)
Advances, loans and other minor items. Loans on a trust basis

(a)
Nominal value or cost

(b)Investments related to customer gold deposits
(b)
Investments related to customer gold deposits
(b)Market value
(b)
Market value

(b)
Investments related to customer gold deposits

(b)
Market value

(c)Net pension assets
(c)
Net pension assets
(c)As per Article 24(2)
(c)
As per Article 24(2)

(c)
Net pension assets

(c)
As per Article 24(2)

(d)Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations
(d)
Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations
(d)Nominal/recoverable value (before/after settlement of losses)
(d)
Nominal/recoverable value (before/after settlement of losses)

(d)
Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations

(d)
Nominal/recoverable value (before/after settlement of losses)

(e)Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default
(e)
Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default
(e)Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)
(e)
Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)

(e)
Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default

(e)
Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)

12Loss for the year
12
Loss for the year

Nominal value

12
Loss for the year

1
Gold and gold receivables

2
Claims on non-euro area residents denominated in foreign currency

2.1
Receivables from the International Monetary Fund (IMF)

(a)
Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’

(a)
Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate

(b)
SDRsHoldings of SDRs (gross)

(b)
SDRsNominal value, translation at the foreign exchange market rate

(c)
Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF

(c)
Other claimsNominal value, translation at the foreign exchange market rate

2.2
Balances with banks and security investments, external loans and other external assets

(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions

(a)
Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate

(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents

(b)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(c)
External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c)
External loansDeposits at nominal value, translated at the foreign exchange market rate

(d)
Other external assetsNon-euro area banknotes and coins

(d)
Other external assetsNominal value, translation at the foreign exchange market rate

3
Claims on euro area residents denominated in foreign currency

(a)
Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents

(a)
(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate
(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(i)
Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price and foreign exchange market rate

(b)
Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending

(b)
Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate

4
Claims on non-euro area residents denominated in euro

4.1
Balances with banks, security investments and loans

(a)
Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro

(a)
Balances with banks outside the euro areaNominal value

(b)
Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents

(b)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(iv)
Marketable equity instrumentsMarket price

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(iv)
Marketable equity instrumentsMarket price

(c)
Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c)
Loans outside the euro areaDeposits at nominal value

(d)
Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location

(d)
(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised
(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised
(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised
(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(i)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

4.2
Claims arising from the credit facility under ERM II

5
Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1
Main refinancing operations

5.2
Longer-term refinancing operations

5.3
Fine-tuning reverse operations

5.4
Structural reverse operations

5.5
Marginal lending facility

5.6
Credits related to margin calls

6
Other claims on euro area credit institutions denominated in euro

7
Securities of euro area residents denominated in euro

7.1
Securities held for monetary policy purposes

(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b)
Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised

(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

7.2
Other securities

(a)
Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b)
Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(c)
Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(d)
Marketable equity instrumentsMarket price

8
General government debt denominated in euro

9
Intra-Eurosystem claims

9.1
Claims related to the issuance of ECB debt certificates

9.2
Claims related to the allocation of euro banknotes within the Eurosystem

9.3
Other claims within the Eurosystem (net)

(a)
net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’

(a)
Nominal value

(b)
other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b)
Nominal value

10
Items in course of settlement

11
Other assets

11.1
Coins of euro area

11.2
Tangible and intangible fixed assets

11.3
Other financial assets

—
Participating interests and investments in subsidiaries, equities held for strategic/policy reasons

—
Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio

—
Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item

(a)
Marketable equity instrumentsMarket price

(b)
Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment

(c)
Investment in subsidiaries or significant interestsNet asset value

(d)
Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised

(e)
Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised

(f)
Non-marketable securitiesCost subject to impairment

(g)
Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies

11.4
Off-balance-sheet instruments revaluation differences

11.5
Accruals and prepaid expenditure

11.6
Sundry

(a)
Advances, loans and other minor items. Loans on a trust basis

(a)
Nominal value or cost

(b)
Investments related to customer gold deposits

(b)
Market value

(c)
Net pension assets

(c)
As per Article 24(2)

(d)
Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations

(d)
Nominal/recoverable value (before/after settlement of losses)

(e)
Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default

(e)
Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)

12
Loss for the year

Balance sheet item
Categorisation of contents of balance sheet items
Valuation principle

1Banknotes in circulation
1
Banknotes in circulation
Euro banknotes issued by the ECB, in accordance with Decision ECB/2010/29
Nominal value

1
Banknotes in circulation

2Liabilities to euro area credit institutions related to monetary policy operations denominated in euro
2
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro
Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Annex I to Guideline ECB/2000/7

2
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1Current accounts (covering the minimum reserve system)
2.1
Current accounts (covering the minimum reserve system)
Euro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the ESCB. This item contains primarily accounts used in order to hold minimum reserves
Nominal value

2.1
Current accounts (covering the minimum reserve system)

2.2Deposit facility
2.2
Deposit facility
Overnight deposits at a pre-specified interest rate (standing facility)
Nominal value

2.2
Deposit facility

2.3Fixed-term deposits
2.3
Fixed-term deposits
Collection for liquidity absorption purposes owing to fine-tuning operations
Nominal value

2.3
Fixed-term deposits

2.4Fine-tuning reverse operations
2.4
Fine-tuning reverse operations
Monetary policy-related transactions with the aim of liquidity absorption
Nominal value or repo cost

2.4
Fine-tuning reverse operations

2.5Deposits related to margin calls
2.5
Deposits related to margin calls
Deposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions
Nominal value

2.5
Deposits related to margin calls

3Other liabilities to euro area credit institutions denominated in euro
3
Other liabilities to euro area credit institutions denominated in euro
Repo transactions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 7 ‘Securities of euro area residents denominated in euro’. Other operations unrelated to Eurosystem monetary policy operations. No current accounts of credit institutions
Nominal value or repo cost

3
Other liabilities to euro area credit institutions denominated in euro

4ECB debt certificates issued
4
ECB debt certificates issued
Debt certificates as described in Annex I to Guideline ECB/2000/7. Discount paper, issued with the aim of liquidity absorption
CostAny discounts are amortised

4
ECB debt certificates issued

5Liabilities to other euro area residents denominated in euro
5
Liabilities to other euro area residents denominated in euro

5
Liabilities to other euro area residents denominated in euro

5.1General government
5.1
General government
Current accounts, fixed-term deposits, deposits repayable on demand
Nominal value

5.1
General government

5.2Other liabilities
5.2
Other liabilities
Current accounts of staff, companies and clients including financial institutions listed as exempt from the obligation to hold minimum reserves (See liability item 2.1); fixed-term deposits, deposits repayable on demand
Nominal value

5.2
Other liabilities

6Liabilities to non-euro area residents denominated in euro
6
Liabilities to non-euro area residents denominated in euro
Current accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes: of other banks, central banks, international/supranational institutions including the European Commission; current accounts of other depositors. Repo transactions in connection with simultaneous reverse repo transactions for the management of securities denominated in euro. Balances of TARGET2 accounts of central banks of Member States whose currency is not the euro
Nominal value or repo cost

6
Liabilities to non-euro area residents denominated in euro

7Liabilities to euro area residents denominated in foreign currency
7
Liabilities to euro area residents denominated in foreign currency
Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold
Nominal value, translation at year-end foreign exchange market rate

7
Liabilities to euro area residents denominated in foreign currency

8Liabilities to non-euro area residents denominated in foreign currency
8
Liabilities to non-euro area residents denominated in foreign currency

8
Liabilities to non-euro area residents denominated in foreign currency

8.1Deposits, balances and other liabilities
8.1
Deposits, balances and other liabilities
Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold
Nominal value, translation at the year-end foreign exchange market rate

8.1
Deposits, balances and other liabilities

8.2Liabilities arising from the credit facility under ERM II
8.2
Liabilities arising from the credit facility under ERM II
Borrowing in accordance with the ERM II conditions
Nominal value, translation at the year-end foreign exchange market rate

8.2
Liabilities arising from the credit facility under ERM II

9Counterpart of special drawing rights allocated by the IMF
9
Counterpart of special drawing rights allocated by the IMF
SDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB
Nominal value, translation at the year-end foreign exchange market rate

9
Counterpart of special drawing rights allocated by the IMF

10Intra-Eurosystem liabilities
10
Intra-Eurosystem liabilities

10
Intra-Eurosystem liabilities

10.1Liabilities equivalent to the transfer of foreign reserves
10.1
Liabilities equivalent to the transfer of foreign reserves
ECB balance sheet item, denominated in euro
Nominal value

10.1
Liabilities equivalent to the transfer of foreign reserves

10.2Other liabilities within the Eurosystem (net)
10.2
Other liabilities within the Eurosystem (net)
Net position of the following sub-items:

10.2
Other liabilities within the Eurosystem (net)

(a)net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’
(a)
net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’
(a)Nominal value
(a)
Nominal value

(a)
net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’

(a)
Nominal value

(b)other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs
(b)
other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs
(b)Nominal value
(b)
Nominal value

(b)
other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b)
Nominal value

11Items in course of settlement
11
Items in course of settlement
Settlement account balances (liabilities), including the float of giro transfers
Nominal value

11
Items in course of settlement

12Other liabilities
12
Other liabilities

12
Other liabilities

12.1Off-balance-sheet instruments revaluation differences
12.1
Off-balance-sheet instruments revaluation differences
Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date
Net position between forward and spot, at the foreign exchange market rate

12.1
Off-balance-sheet instruments revaluation differences

12.2Accruals and income collected in advance
12.2
Accruals and income collected in advance
Expenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period
Nominal value, foreign exchange translated at market rate

12.2
Accruals and income collected in advance

12.3Sundry
12.3
Sundry
(a)Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis
(a)
Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis
(a)Nominal value or (repo) cost
(a)
Nominal value or (repo) cost

12.3
Sundry

(a)
Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis

(a)
Nominal value or (repo) cost

(b)Customer gold deposits
(b)
Customer gold deposits
(b)Market value
(b)
Market value

(b)
Customer gold deposits

(b)
Market value

(c)Net pension liabilities
(c)
Net pension liabilities
(c)As per Article 24(2)
(c)
As per Article 24(2)

(c)
Net pension liabilities

(c)
As per Article 24(2)

13Provisions
13
Provisions
(a)For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated
(a)
For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated
(a)Cost/nominal value
(a)
Cost/nominal value

13
Provisions

(a)
For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated

(a)
Cost/nominal value

(b)For counterparty or credit risks arising from monetary policy operations
(b)
For counterparty or credit risks arising from monetary policy operations
(b)Nominal value (based on a valuation at year end by the Governing Council of the ECB)
(b)
Nominal value (based on a valuation at year end by the Governing Council of the ECB)

(b)
For counterparty or credit risks arising from monetary policy operations

(b)
Nominal value (based on a valuation at year end by the Governing Council of the ECB)

14Revaluation accounts
14
Revaluation accounts
(a)Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs(b)Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)
(a)
Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs
(b)
Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)
Revaluation difference between average cost and market value, foreign exchange translated at market rate

14
Revaluation accounts

(a)
Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs

(b)
Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)

15Capital and reserves
15
Capital and reserves

15
Capital and reserves

15.1Capital
15.1
Capital
Paid-up capital
Nominal value

15.1
Capital

15.2Reserves
15.2
Reserves
Legal reserves, in accordance with Article 33 of the Statute of the ESCB and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated
Nominal value

15.2
Reserves

16Profit for the year
16
Profit for the year

Nominal value

16
Profit for the year

1
Banknotes in circulation

2
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1
Current accounts (covering the minimum reserve system)

2.2
Deposit facility

2.3
Fixed-term deposits

2.4
Fine-tuning reverse operations

2.5
Deposits related to margin calls

3
Other liabilities to euro area credit institutions denominated in euro

4
ECB debt certificates issued

5
Liabilities to other euro area residents denominated in euro

5.1
General government

5.2
Other liabilities

6
Liabilities to non-euro area residents denominated in euro

7
Liabilities to euro area residents denominated in foreign currency

8
Liabilities to non-euro area residents denominated in foreign currency

8.1
Deposits, balances and other liabilities

8.2
Liabilities arising from the credit facility under ERM II

9
Counterpart of special drawing rights allocated by the IMF

10
Intra-Eurosystem liabilities

10.1
Liabilities equivalent to the transfer of foreign reserves

10.2
Other liabilities within the Eurosystem (net)

(a)
net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’

(a)
Nominal value

(b)
other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b)
Nominal value

11
Items in course of settlement

12
Other liabilities

12.1
Off-balance-sheet instruments revaluation differences

12.2
Accruals and income collected in advance

12.3
Sundry

(a)
Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis

(a)
Nominal value or (repo) cost

(b)
Customer gold deposits

(b)
Market value

(c)
Net pension liabilities

(c)
As per Article 24(2)

13
Provisions

(a)
For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated

(a)
Cost/nominal value

(b)
For counterparty or credit risks arising from monetary policy operations

(b)
Nominal value (based on a valuation at year end by the Governing Council of the ECB)

14
Revaluation accounts

(a)
Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs

(b)
Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)

15
Capital and reserves

15.1
Capital

15.2
Reserves

16
Profit for the year

(EUR million)

Assets(2)
Reporting year
Previous year
Liabilities
Reporting year
Previous year

1.Gold and gold receivables2.Claims on non-euro area residents denominated in foreign currency2.1.Receivables from the IMF2.2.Balances with banks and security investments, external loans and other external assets3.Claims on euro area residents denominated in foreign currency4.Claims on non-euro area residents denominated in euro4.1.Balances with banks, security investments and loans4.2.Claims arising from the credit facility under ERM II5.Lending to euro area credit institutions related to monetary policy operations denominated in euro5.1.Main refinancing operations5.2.Longer-term refinancing operations5.3.Fine-tuning reverse operations5.4.Structural reverse operations5.5.Marginal lending facility5.6.Credits related to margin calls6.Other claims on euro area credit institutions denominated in euro7.Securities of euro area residents denominated in euro7.1.Securities held for monetary policy purposes7.2.Other securities8.General government debt denominated in euro9.Intra-Eurosystem claims9.1.Claims related to the issuance of ECB debt certificates9.2.Claims related to the allocation of euro banknotes within the Eurosystem9.3.Other claims within the Eurosystem (net)10.Items in course of settlement11.Other assets11.1.Coins of euro area11.2.Tangible and intangible fixed assets11.3.Other financial assets11.4.Off-balance-sheet instruments revaluation differences11.5.Accruals and prepaid expenses11.6.Sundry12.Loss for the year
1.
Gold and gold receivables
2.
Claims on non-euro area residents denominated in foreign currency
2.1.
Receivables from the IMF
2.2.
Balances with banks and security investments, external loans and other external assets
3.
Claims on euro area residents denominated in foreign currency
4.
Claims on non-euro area residents denominated in euro
4.1.
Balances with banks, security investments and loans
4.2.
Claims arising from the credit facility under ERM II
5.
Lending to euro area credit institutions related to monetary policy operations denominated in euro
5.1.
Main refinancing operations
5.2.
Longer-term refinancing operations
5.3.
Fine-tuning reverse operations
5.4.
Structural reverse operations
5.5.
Marginal lending facility
5.6.
Credits related to margin calls
6.
Other claims on euro area credit institutions denominated in euro
7.
Securities of euro area residents denominated in euro
7.1.
Securities held for monetary policy purposes
7.2.
Other securities
8.
General government debt denominated in euro
9.
Intra-Eurosystem claims
9.1.
Claims related to the issuance of ECB debt certificates
9.2.
Claims related to the allocation of euro banknotes within the Eurosystem
9.3.
Other claims within the Eurosystem (net)
10.
Items in course of settlement
11.
Other assets
11.1.
Coins of euro area
11.2.
Tangible and intangible fixed assets
11.3.
Other financial assets
11.4.
Off-balance-sheet instruments revaluation differences
11.5.
Accruals and prepaid expenses
11.6.
Sundry
12.
Loss for the year

1.Banknotes in circulation2.Liabilities to euro area credit institutions related to monetary policy operations denominated in euro2.1.Current accounts (covering the minimum reserve system)2.2.Deposit facility2.3.Fixed-term deposits2.4.Fine-tuning reverse operations2.5.Deposits related to margin calls3.Other liabilities to euro area credit institutions denominated in euro4.ECB debt certificates issued5.Liabilities to other euro area residents denominated in euro5.1.General government5.2.Other liabilities6.Liabilities to non-euro area residents denominated in euro7.Liabilities to euro area residents denominated in foreign currency8.Liabilities to non-euro area residents denominated in foreign currency8.1.Deposits, balances and other liabilities8.2.Liabilities arising from the credit facility under ERM II9.Counterpart of special drawing rights allocated by the IMF10.Intra-Eurosystem liabilities10.1.Liabilities equivalent to the transfer of foreign reserves10.2.Other liabilities within the Eurosystem (net)11.Items in course of settlement12.Other liabilities12.1.Off-balance-sheet instruments revaluation differences12.2.Accruals and income collected in advance12.3.Sundry13.Provisions14.Revaluation accounts15.Capital and reserves15.1.Capital15.2.Reserves16.Profit for the year
1.
Banknotes in circulation
2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro
2.1.
Current accounts (covering the minimum reserve system)
2.2.
Deposit facility
2.3.
Fixed-term deposits
2.4.
Fine-tuning reverse operations
2.5.
Deposits related to margin calls
3.
Other liabilities to euro area credit institutions denominated in euro
4.
ECB debt certificates issued
5.
Liabilities to other euro area residents denominated in euro
5.1.
General government
5.2.
Other liabilities
6.
Liabilities to non-euro area residents denominated in euro
7.
Liabilities to euro area residents denominated in foreign currency
8.
Liabilities to non-euro area residents denominated in foreign currency
8.1.
Deposits, balances and other liabilities
8.2.
Liabilities arising from the credit facility under ERM II
9.
Counterpart of special drawing rights allocated by the IMF
10.
Intra-Eurosystem liabilities
10.1.
Liabilities equivalent to the transfer of foreign reserves
10.2.
Other liabilities within the Eurosystem (net)
11.
Items in course of settlement
12.
Other liabilities
12.1.
Off-balance-sheet instruments revaluation differences
12.2.
Accruals and income collected in advance
12.3.
Sundry
13.
Provisions
14.
Revaluation accounts
15.
Capital and reserves
15.1.
Capital
15.2.
Reserves
16.
Profit for the year

1.
Gold and gold receivables

2.
Claims on non-euro area residents denominated in foreign currency

2.1.
Receivables from the IMF

2.2.
Balances with banks and security investments, external loans and other external assets

3.
Claims on euro area residents denominated in foreign currency

4.
Claims on non-euro area residents denominated in euro

4.1.
Balances with banks, security investments and loans

4.2.
Claims arising from the credit facility under ERM II

5.
Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1.
Main refinancing operations

5.2.
Longer-term refinancing operations

5.3.
Fine-tuning reverse operations

5.4.
Structural reverse operations

5.5.
Marginal lending facility

5.6.
Credits related to margin calls

6.
Other claims on euro area credit institutions denominated in euro

7.
Securities of euro area residents denominated in euro

7.1.
Securities held for monetary policy purposes

7.2.
Other securities

8.
General government debt denominated in euro

9.
Intra-Eurosystem claims

9.1.
Claims related to the issuance of ECB debt certificates

9.2.
Claims related to the allocation of euro banknotes within the Eurosystem

9.3.
Other claims within the Eurosystem (net)

10.
Items in course of settlement

11.
Other assets

11.1.
Coins of euro area

11.2.
Tangible and intangible fixed assets

11.3.
Other financial assets

11.4.
Off-balance-sheet instruments revaluation differences

11.5.
Accruals and prepaid expenses

11.6.
Sundry

12.
Loss for the year

1.
Banknotes in circulation

2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1.
Current accounts (covering the minimum reserve system)

2.2.
Deposit facility

2.3.
Fixed-term deposits

2.4.
Fine-tuning reverse operations

2.5.
Deposits related to margin calls

3.
Other liabilities to euro area credit institutions denominated in euro

4.
ECB debt certificates issued

5.
Liabilities to other euro area residents denominated in euro

5.1.
General government

5.2.
Other liabilities

6.
Liabilities to non-euro area residents denominated in euro

7.
Liabilities to euro area residents denominated in foreign currency

8.
Liabilities to non-euro area residents denominated in foreign currency

8.1.
Deposits, balances and other liabilities

8.2.
Liabilities arising from the credit facility under ERM II

9.
Counterpart of special drawing rights allocated by the IMF

10.
Intra-Eurosystem liabilities

10.1.
Liabilities equivalent to the transfer of foreign reserves

10.2.
Other liabilities within the Eurosystem (net)

11.
Items in course of settlement

12.
Other liabilities

12.1.
Off-balance-sheet instruments revaluation differences

12.2.
Accruals and income collected in advance

12.3.
Sundry

13.
Provisions

14.
Revaluation accounts

15.
Capital and reserves

15.1.
Capital

15.2.
Reserves

16.
Profit for the year

Total assets
Total liabilities

1.
Gold and gold receivables

2.
Claims on non-euro area residents denominated in foreign currency

2.1.
Receivables from the IMF

2.2.
Balances with banks and security investments, external loans and other external assets

3.
Claims on euro area residents denominated in foreign currency

4.
Claims on non-euro area residents denominated in euro

4.1.
Balances with banks, security investments and loans

4.2.
Claims arising from the credit facility under ERM II

5.
Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1.
Main refinancing operations

5.2.
Longer-term refinancing operations

5.3.
Fine-tuning reverse operations

5.4.
Structural reverse operations

5.5.
Marginal lending facility

5.6.
Credits related to margin calls

6.
Other claims on euro area credit institutions denominated in euro

7.
Securities of euro area residents denominated in euro

7.1.
Securities held for monetary policy purposes

7.2.
Other securities

8.
General government debt denominated in euro

9.
Intra-Eurosystem claims

9.1.
Claims related to the issuance of ECB debt certificates

9.2.
Claims related to the allocation of euro banknotes within the Eurosystem

9.3.
Other claims within the Eurosystem (net)

10.
Items in course of settlement

11.
Other assets

11.1.
Coins of euro area

11.2.
Tangible and intangible fixed assets

11.3.
Other financial assets

11.4.
Off-balance-sheet instruments revaluation differences

11.5.
Accruals and prepaid expenses

11.6.
Sundry

12.
Loss for the year

1.
Banknotes in circulation

2.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1.
Current accounts (covering the minimum reserve system)

2.2.
Deposit facility

2.3.
Fixed-term deposits

2.4.
Fine-tuning reverse operations

2.5.
Deposits related to margin calls

3.
Other liabilities to euro area credit institutions denominated in euro

4.
ECB debt certificates issued

5.
Liabilities to other euro area residents denominated in euro

5.1.
General government

5.2.
Other liabilities

6.
Liabilities to non-euro area residents denominated in euro

7.
Liabilities to euro area residents denominated in foreign currency

8.
Liabilities to non-euro area residents denominated in foreign currency

8.1.
Deposits, balances and other liabilities

8.2.
Liabilities arising from the credit facility under ERM II

9.
Counterpart of special drawing rights allocated by the IMF

10.
Intra-Eurosystem liabilities

10.1.
Liabilities equivalent to the transfer of foreign reserves

10.2.
Other liabilities within the Eurosystem (net)

11.
Items in course of settlement

12.
Other liabilities

12.1.
Off-balance-sheet instruments revaluation differences

12.2.
Accruals and income collected in advance

12.3.
Sundry

13.
Provisions

14.
Revaluation accounts

15.
Capital and reserves

15.1.
Capital

15.2.
Reserves

16.
Profit for the year

(EUR million)

Profit and loss account for the year ending 31 December …
Reporting year
Previous year

1.1.1.Interest income on foreign reserve assets
1.1.1.
Interest income on foreign reserve assets

1.1.1.
Interest income on foreign reserve assets

1.1.2.Interest income arising from the allocation of euro banknotes within the Eurosystem
1.1.2.
Interest income arising from the allocation of euro banknotes within the Eurosystem

1.1.2.
Interest income arising from the allocation of euro banknotes within the Eurosystem

1.1.3.Other interest income
1.1.3.
Other interest income

1.1.3.
Other interest income

1.1.Interest income
1.1.
Interest income

1.1.
Interest income

1.2.1.Remuneration of NCBs’ claims in respect of foreign reserves transferred
1.2.1.
Remuneration of NCBs’ claims in respect of foreign reserves transferred

1.2.1.
Remuneration of NCBs’ claims in respect of foreign reserves transferred

1.2.2.Other interest expense
1.2.2.
Other interest expense

1.2.2.
Other interest expense

1.2.Interest expense
1.2.
Interest expense

1.2.
Interest expense

1.Net interest income
1.
Net interest income

1.
Net interest income

2.1.Realised gains/losses arising from financial operations
2.1.
Realised gains/losses arising from financial operations

2.1.
Realised gains/losses arising from financial operations

2.2.Write-downs on financial assets and positions
2.2.
Write-downs on financial assets and positions

2.2.
Write-downs on financial assets and positions

2.3.Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks
2.3.
Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks

2.3.
Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks

2.Net result of financial operations, write downs and risk provisions
2.
Net result of financial operations, write downs and risk provisions

2.
Net result of financial operations, write downs and risk provisions

3.1.Fees and commissions income
3.1.
Fees and commissions income

3.1.
Fees and commissions income

3.2.Fees and commissions expense
3.2.
Fees and commissions expense

3.2.
Fees and commissions expense

3.Net income/expense from fees and commissions(2)
3.
Net income/expense from fees and commissions(2)

3.
Net income/expense from fees and commissions(2)

4.Income from equity shares and participating interests
4.
Income from equity shares and participating interests

4.
Income from equity shares and participating interests

5.Other income
5.
Other income

5.
Other income

Total net income

6.Staff costs(3)
6.
Staff costs(3)

6.
Staff costs(3)

7.Administrative expenses(3)
7.
Administrative expenses(3)

7.
Administrative expenses(3)

8.Depreciation of tangible and intangible fixed assets
8.
Depreciation of tangible and intangible fixed assets

8.
Depreciation of tangible and intangible fixed assets

9.Banknote production services(4)
9.
Banknote production services(4)

9.
Banknote production services(4)

10.Other expenses
10.
Other expenses

10.
Other expenses

(Loss)/profit for the year

1.1.1.
Interest income on foreign reserve assets

1.1.2.
Interest income arising from the allocation of euro banknotes within the Eurosystem

1.1.3.
Other interest income

1.1.
Interest income

1.2.1.
Remuneration of NCBs’ claims in respect of foreign reserves transferred

1.2.2.
Other interest expense

1.2.
Interest expense

1.
Net interest income

2.1.
Realised gains/losses arising from financial operations

2.2.
Write-downs on financial assets and positions

2.3.
Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks

2.
Net result of financial operations, write downs and risk provisions

3.1.
Fees and commissions income

3.2.
Fees and commissions expense

3.
Net income/expense from fees and commissions(2)

4.
Income from equity shares and participating interests

5.
Other income

6.
Staff costs(3)

7.
Administrative expenses(3)

8.
Depreciation of tangible and intangible fixed assets

9.
Banknote production services(4)

10.
Other expenses

Decision ECB/2006/17
OJ L 348, 11.12.2006, p. 38.

Decision ECB/2007/21
OJ L 42, 16.2.2008, p. 83.

Decision ECB/2008/22
OJ L 36, 5.2.2009, p. 22.

Decision ECB/2009/19
OJ L 202, 4.8.2009, p. 54.

Decision ECB/2009/29
OJ L 348, 29.12.2009, p. 57.

Decision ECB/2006/17
This Decision

—
Article 11

Article 10a
Article 12

Article 11
Article 13

Article 12
Article 14

Article 13
Article 15

Article 14
Article 16

Article 15
Article 17

Article 16
Article 18

Article 17
Article 19

Article 18
Article 20

Article 19
Article 21

Article 20
Article 22

Article 21
Article 23

Article 22
Article 24

Article 23
Article 25

Article 24
Article 26

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 26.2 thereof,

(1) Decision ECB/2006/17 of 10 November 2006 on the annual accounts of the European Central Bank(1)has been substantially amended several times. Since further amendments are to be made, in particular with regard to the hedging of interest rate risk, it should be recast in the interests of clarity.

(2) Guideline ECB/2006/16 of 10 November 2006 on the legal framework for accounting and financial reporting in the European System of Central Banks(2)to which Decision ECB/2006/17 refers has been recast and repealed by Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(3),

HAS ADOPTED THIS DECISION:
Definitions

Article 1

1.   The terms defined in Article 1 of Guideline ECB/2010/20 shall have the same meaning when used in this Decision.

2.   Other technical terms used in this Decision shall have the same meaning as in Annex II to Guideline ECB/2010/20.
Scope of application

Article 2

The rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off-balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB.
Basic accounting assumptions

Article 3

The basic accounting assumptions defined in Article 3 of Guideline ECB/2010/20 shall also apply for the purposes of this Decision.
Recognition of assets and liabilities

Article 4

A financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 4 of Guideline ECB/2010/20.
Economic and cash/settlement approaches

Article 5

The rules set out in Article 5 of Guideline ECB/2010/20 shall apply to this Decision.
Composition of the balance sheet

Article 6

The composition of the balance sheet shall be based on the structure set out in Annex I.
Provision for foreign exchange rate, interest rate, credit and gold price risks

Article 7

Taking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for foreign exchange rate, interest rate, credit and gold price risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposures.
Balance sheet valuation rules

Article 8

1.   Current market rates and prices shall be used for balance sheet valuation purposes unless specified otherwise in Annex I.

2.   The revaluation of gold, foreign currency instruments, securities other than those classified as held-to-maturity and non-marketable securities, as well as financial instruments, both on-balance-sheet and off-balance-sheet, shall be performed at the year-end at mid-market rates and prices.

3.   No distinction shall be made between price and currency revaluation differences for gold, but a single gold revaluation difference shall be accounted for, based on the euro price per defined unit of weight of gold derived from the euro/US dollar exchange rate on the quarterly revaluation date. For foreign exchange, including on-balance-sheet and off-balance-sheet transactions, revaluation shall take place on a currency-by-currency basis. For the purpose of this Article, holdings of SDRs, including designated individual foreign exchange holdings underlying the SDR basket, shall be treated as one holding. For securities, revaluation shall take place on a code-by-code basis, i.e. same ISIN number/type. Securities held for monetary policy purposes or included in the items ‘Other financial assets’ or ‘Sundry’ shall be treated as separate holdings.

4.   Securities classified as held-to-maturity shall be treated as separate holdings, valued at amortised costs and subject to impairment. The same treatment shall apply to non-marketable securities. Securities classified as held-to-maturity may be sold before their maturity in any of the following circumstances:

(a)

if the quantity sold is considered not significant in comparison with the total amount of the held-to-maturity securities portfolio;

(b)

if the securities are sold during the month of the maturity date;

(c)

under exceptional circumstances, such as a significant deterioration of the issuer’s creditworthiness, or following an explicit monetary policy decision of the Governing Council.
Reverse transactions

Article 9

Reverse transactions shall be accounted for in accordance with Article 8 of Guideline ECB/2010/20.
Marketable equity instruments

Article 10

Marketable equity instruments shall be accounted for in accordance with Article 9 of Guideline ECB/2010/20.
Hedging of interest rate risk on securities with derivatives

Article 11

The hedging of interest rate risk shall be accounted for in accordance with Article 10 of Guideline ECB/2010/20.
Synthetic instruments

Article 12

Synthetic instruments shall be accounted for in accordance with Article 11 of Guideline ECB/2010/20.
Income recognition

Article 13

1.   Article 13(1), (2), (3), (5) and (7) of Guideline ECB/2010/20 shall apply to income recognition.

2.   Holdings on special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States for which the derogation has been abrogated shall be used to offset unrealised losses when exceeding previous revaluation gains registered in the corresponding standard revaluation account as laid down by Article 13(1)(c) of Guideline ECB/2010/20, prior to the offsetting of such losses in accordance with Article 33.2 of the Statute of the ESCB. The holdings on special revaluation accounts for gold, currencies and securities shall be reduced pro rata in the event of a reduction in the holdings of the relevant assets.
Cost of transactions

Article 14

Article 14 of Guideline ECB/2010/20 shall apply to this Decision.
General rules

Article 15

Article 15 of Guideline ECB/2010/20 shall apply to this Decision.
Foreign exchange forward transactions

Article 16

Foreign exchange forward transactions shall be accounted for in accordance with Article 16 of Guideline ECB/2010/20.
Foreign exchange swaps

Article 17

Foreign exchange swaps shall be accounted for in accordance with Article 17 of Guideline ECB/2010/20.
Future contracts

Article 18

Future contracts shall be accounted for in accordance with Article 18 of Guideline ECB/2010/20.
Interest rate swaps

Article 19

Interest rate swaps shall be accounted for in accordance with Article 19 of Guideline ECB/2010/20. Unrealised losses taken to the profit and loss account at the year-end shall be amortised in subsequent years in accordance with the straight-line method. For forward interest rate swaps the amortisation shall begin from the value date of the transaction.
Forward rate agreements

Article 20

Forward rate agreements shall be accounted for in accordance with Article 20 of Guideline ECB/2010/20.
Forward transactions in securities

Article 21

Forward transactions in securities shall be accounted for in accordance with Method A in Article 21(1) of Guideline ECB/2010/20.
Options

Article 22

Options shall be accounted for in accordance with Article 22 of Guideline ECB/2010/20.
Formats

Article 23

1.   The format of the ECB’s published annual balance sheet shall follow the format in Annex II.

2.   The format of the ECB’s published profit and loss account shall comply with Annex III.
Development, application and interpretation of rules

Article 24

1.   In interpreting this Decision, account shall be taken of the preparatory work, the accounting principles harmonised by Union law and generally accepted international accounting standards.

2.   If a specific accounting treatment is not laid down in this Decision and in the absence of a decision to the contrary by the Governing Council, the ECB shall follow valuation principles in accordance with International Accounting Standards as adopted by the European Union, which are relevant to the ECB’s activities and accounts.
Repeal

Article 25

Decision ECB/2006/17 is hereby repealed. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Entry into force

Article 26

This Decision shall enter into force on 31 December 2010.
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), and in particular Article 26.2 thereof,

(1) Decision ECB/2006/17 of 10 November 2006 on the annual accounts of the European Central Bank(1)has been substantially amended several times. Since further amendments are to be made, in particular with regard to the hedging of interest rate risk, it should be recast in the interests of clarity.

(2) Guideline ECB/2006/16 of 10 November 2006 on the legal framework for accounting and financial reporting in the European System of Central Banks(2)to which Decision ECB/2006/17 refers has been recast and repealed by Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks(3),

HAS ADOPTED THIS DECISION:
Definitions1.   The terms defined in Article 1 of Guideline ECB/2010/20 shall have the same meaning when used in this Decision.

2.   Other technical terms used in this Decision shall have the same meaning as in Annex II to Guideline ECB/2010/20.
Scope of applicationThe rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off-balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB.
Basic accounting assumptionsThe basic accounting assumptions defined in Article 3 of Guideline ECB/2010/20 shall also apply for the purposes of this Decision.
Recognition of assets and liabilitiesA financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 4 of Guideline ECB/2010/20.
Economic and cash/settlement approachesThe rules set out in Article 5 of Guideline ECB/2010/20 shall apply to this Decision.
Composition of the balance sheetThe composition of the balance sheet shall be based on the structure set out in Annex I.
Provision for foreign exchange rate, interest rate, credit and gold price risksTaking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for foreign exchange rate, interest rate, credit and gold price risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposures.
Balance sheet valuation rules1.   Current market rates and prices shall be used for balance sheet valuation purposes unless specified otherwise in Annex I.

2.   The revaluation of gold, foreign currency instruments, securities other than those classified as held-to-maturity and non-marketable securities, as well as financial instruments, both on-balance-sheet and off-balance-sheet, shall be performed at the year-end at mid-market rates and prices.

3.   No distinction shall be made between price and currency revaluation differences for gold, but a single gold revaluation difference shall be accounted for, based on the euro price per defined unit of weight of gold derived from the euro/US dollar exchange rate on the quarterly revaluation date. For foreign exchange, including on-balance-sheet and off-balance-sheet transactions, revaluation shall take place on a currency-by-currency basis. For the purpose of this Article, holdings of SDRs, including designated individual foreign exchange holdings underlying the SDR basket, shall be treated as one holding. For securities, revaluation shall take place on a code-by-code basis, i.e. same ISIN number/type. Securities held for monetary policy purposes or included in the items ‘Other financial assets’ or ‘Sundry’ shall be treated as separate holdings.

4.   Securities classified as held-to-maturity shall be treated as separate holdings, valued at amortised costs and subject to impairment. The same treatment shall apply to non-marketable securities. Securities classified as held-to-maturity may be sold before their maturity in any of the following circumstances:

(a)

if the quantity sold is considered not significant in comparison with the total amount of the held-to-maturity securities portfolio;

(b)

if the securities are sold during the month of the maturity date;

(c)

under exceptional circumstances, such as a significant deterioration of the issuer’s creditworthiness, or following an explicit monetary policy decision of the Governing Council.
Reverse transactionsReverse transactions shall be accounted for in accordance with Article 8 of Guideline ECB/2010/20.
Marketable equity instrumentsMarketable equity instruments shall be accounted for in accordance with Article 9 of Guideline ECB/2010/20.
Hedging of interest rate risk on securities with derivativesThe hedging of interest rate risk shall be accounted for in accordance with Article 10 of Guideline ECB/2010/20.
Synthetic instrumentsSynthetic instruments shall be accounted for in accordance with Article 11 of Guideline ECB/2010/20.
Income recognition1.   Article 13(1), (2), (3), (5) and (7) of Guideline ECB/2010/20 shall apply to income recognition.

2.   Holdings on special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States for which the derogation has been abrogated shall be used to offset unrealised losses when exceeding previous revaluation gains registered in the corresponding standard revaluation account as laid down by Article 13(1)(c) of Guideline ECB/2010/20, prior to the offsetting of such losses in accordance with Article 33.2 of the Statute of the ESCB. The holdings on special revaluation accounts for gold, currencies and securities shall be reduced pro rata in the event of a reduction in the holdings of the relevant assets.
Cost of transactionsArticle 14 of Guideline ECB/2010/20 shall apply to this Decision.
General rulesArticle 15 of Guideline ECB/2010/20 shall apply to this Decision.
Foreign exchange forward transactionsForeign exchange forward transactions shall be accounted for in accordance with Article 16 of Guideline ECB/2010/20.
Foreign exchange swapsForeign exchange swaps shall be accounted for in accordance with Article 17 of Guideline ECB/2010/20.
Future contractsFuture contracts shall be accounted for in accordance with Article 18 of Guideline ECB/2010/20.
Interest rate swapsInterest rate swaps shall be accounted for in accordance with Article 19 of Guideline ECB/2010/20. Unrealised losses taken to the profit and loss account at the year-end shall be amortised in subsequent years in accordance with the straight-line method. For forward interest rate swaps the amortisation shall begin from the value date of the transaction.
Forward rate agreementsForward rate agreements shall be accounted for in accordance with Article 20 of Guideline ECB/2010/20.
Forward transactions in securitiesForward transactions in securities shall be accounted for in accordance with Method A in Article 21(1) of Guideline ECB/2010/20.
OptionsOptions shall be accounted for in accordance with Article 22 of Guideline ECB/2010/20.
Formats1.   The format of the ECB’s published annual balance sheet shall follow the format in Annex II.

2.   The format of the ECB’s published profit and loss account shall comply with Annex III.
Development, application and interpretation of rules1.   In interpreting this Decision, account shall be taken of the preparatory work, the accounting principles harmonised by Union law and generally accepted international accounting standards.

2.   If a specific accounting treatment is not laid down in this Decision and in the absence of a decision to the contrary by the Governing Council, the ECB shall follow valuation principles in accordance with International Accounting Standards as adopted by the European Union, which are relevant to the ECB’s activities and accounts.
RepealDecision ECB/2006/17 is hereby repealed. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Entry into forceThis Decision shall enter into force on 31 December 2010.
COMPOSITION AND VALUATION RULES FOR THE BALANCE SHEETANNEX INote: the numbering relates to the balance sheet format given in Annex II.

ASSETS

Balance sheet item | Categorisation of contents of balance sheet items | Valuation principle

1Gold and gold receivables | 1 | Gold and gold receivables | Physical gold, i.e. bars, coins, plates, nuggets, in storage or ‘under way’. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than one business day between release and receipt | Market value

1 | Gold and gold receivables

2Claims on non-euro area residents denominated in foreign currency | 2 | Claims on non-euro area residents denominated in foreign currency | Claims on counterparties resident outside the euro area including international and supranational institutions and central banks outside the euro area denominated in foreign currency | 

2 | Claims on non-euro area residents denominated in foreign currency

2.1Receivables from the International Monetary Fund (IMF) | 2.1 | Receivables from the International Monetary Fund (IMF) | (a)Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’ | (a) | Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’ | (a)Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate | (a) | Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate

2.1 | Receivables from the International Monetary Fund (IMF)

(a) | Drawing rights within the reserve tranche (net)National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the item ‘Liabilities to non-euro area residents denominated in euro’

(a) | Drawing rights within the reserve tranche (net)Nominal value, translation at the foreign exchange market rate

(b)SDRsHoldings of SDRs (gross) | (b) | SDRsHoldings of SDRs (gross) | (b)SDRsNominal value, translation at the foreign exchange market rate | (b) | SDRsNominal value, translation at the foreign exchange market rate

(b) | SDRsHoldings of SDRs (gross)

(b) | SDRsNominal value, translation at the foreign exchange market rate

(c)Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF | (c) | Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF | (c)Other claimsNominal value, translation at the foreign exchange market rate | (c) | Other claimsNominal value, translation at the foreign exchange market rate

(c) | Other claimsGeneral arrangements to borrow, loans under special borrowing arrangements, deposits made to trusts under the management of the IMF

(c) | Other claimsNominal value, translation at the foreign exchange market rate

2.2Balances with banks and security investments, external loans and other external assets | 2.2 | Balances with banks and security investments, external loans and other external assets | (a)Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions | (a) | Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions | (a)Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate | (a) | Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate

2.2 | Balances with banks and security investments, external loans and other external assets

(a) | Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions

(a) | Balances with banks outside the euro areaNominal value, translation at the foreign exchange market rate

(b)Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents | (b) | Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents | (b)(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (b) | (i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

(b) | Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by non-euro area residents

(b) | (i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

(i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

(c)External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ | (c) | External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ | (c)External loansDeposits at nominal value, translated at the foreign exchange market rate | (c) | External loansDeposits at nominal value, translated at the foreign exchange market rate

(c) | External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c) | External loansDeposits at nominal value, translated at the foreign exchange market rate

(d)Other external assetsNon-euro area banknotes and coins | (d) | Other external assetsNon-euro area banknotes and coins | (d)Other external assetsNominal value, translation at the foreign exchange market rate | (d) | Other external assetsNominal value, translation at the foreign exchange market rate

(d) | Other external assetsNon-euro area banknotes and coins

(d) | Other external assetsNominal value, translation at the foreign exchange market rate

3Claims on euro area residents denominated in foreign currency | 3 | Claims on euro area residents denominated in foreign currency | (a)Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents | (a) | Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents | (a)(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (a) | (i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

3 | Claims on euro area residents denominated in foreign currency

(a) | Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’Notes and bonds, bills, zero bonds, money market paper, equity instruments held as part of the foreign reserves, all issued by euro area residents

(a) | (i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate | (i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

(i) | Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised

(ii) | Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iii) | Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised

(iv) | Marketable equity instrumentsMarket price and foreign exchange market rate

(b)Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending | (b) | Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending | (b)Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate | (b) | Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate

(b) | Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’Loans, deposits, reverse repo transactions, sundry lending

(b) | Other claimsDeposits and other lending at nominal value, translated at the foreign exchange market rate

4Claims on non-euro area residents denominated in euro | 4 | Claims on non-euro area residents denominated in euro |  | 

4 | Claims on non-euro area residents denominated in euro

4.1Balances with banks, security investments and loans | 4.1 | Balances with banks, security investments and loans | (a)Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro | (a) | Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro | (a)Balances with banks outside the euro areaNominal value | (a) | Balances with banks outside the euro areaNominal value

4.1 | Balances with banks, security investments and loans

(a) | Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro

(a) | Balances with banks outside the euro areaNominal value

(b)Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents | (b) | Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents | (b)(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price | (b) | (i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price | (i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price

(b) | Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’Equity instruments, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents

(b) | (i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price | (i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (iv) | Marketable equity instrumentsMarket price

(i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(iv) | Marketable equity instrumentsMarket price

(c)Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ | (c) | Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ | (c)Loans outside the euro areaDeposits at nominal value | (c) | Loans outside the euro areaDeposits at nominal value

(c) | Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’

(c) | Loans outside the euro areaDeposits at nominal value

(d)Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location | (d) | Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location | (d)(i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (d) | (i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(d) | Securities issued by entities outside the euro area other than those under asset item 11.3‘Other financial assets’Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location

(d) | (i)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised | (iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(i) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(ii) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(iii) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

4.2Claims arising from the credit facility under ERM II | 4.2 | Claims arising from the credit facility under ERM II | Lending in accordance with the ERM II conditions | Nominal value

4.2 | Claims arising from the credit facility under ERM II

5Lending to euro area credit institutions related to monetary policy operations denominated in euro | 5 | Lending to euro area credit institutions related to monetary policy operations denominated in euro | Items 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem(1) | 

5 | Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1Main refinancing operations | 5.1 | Main refinancing operations | Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of 1 week | Nominal value or repo cost

5.1 | Main refinancing operations

5.2Longer-term refinancing operations | 5.2 | Longer-term refinancing operations | Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of 3 months | Nominal value or repo cost

5.2 | Longer-term refinancing operations

5.3Fine-tuning reverse operations | 5.3 | Fine-tuning reverse operations | Reverse transactions, executed as ad hoc transactions for fine-tuning purposes | Nominal value or repo cost

5.3 | Fine-tuning reverse operations

5.4Structural reverse operations | 5.4 | Structural reverse operations | Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector | Nominal value or repo cost

5.4 | Structural reverse operations

5.5Marginal lending facility | 5.5 | Marginal lending facility | Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility) | Nominal value or repo cost

5.5 | Marginal lending facility

5.6Credits related to margin calls | 5.6 | Credits related to margin calls | Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions | Nominal value or cost

5.6 | Credits related to margin calls

6Other claims on euro area credit institutions denominated in euro | 6 | Other claims on euro area credit institutions denominated in euro | Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 ‘Securities of euro area residents denominated in euro’, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem | Nominal value or cost

6 | Other claims on euro area credit institutions denominated in euro

7Securities of euro area residents denominated in euro | 7 | Securities of euro area residents denominated in euro |  | 

7 | Securities of euro area residents denominated in euro

7.1Securities held for monetary policy purposes | 7.1 | Securities held for monetary policy purposes | Securities issued in the euro area held for monetary policy purposes. ECB debt certificates purchased for fine-tuning purposes | (a)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(b)Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised(c)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (a) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (b) | Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised | (c) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

7.1 | Securities held for monetary policy purposes

(a) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b) | Marketable securities classified as held-to-maturityCost subject to impairment (cost when the impairment is covered by a provision under liability item 13(b) ‘Provisions’)Any premiums or discounts are amortised

(c) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

7.2Other securities | 7.2 | Other securities | Securities other than those under asset item 7.1 ‘Securities held for monetary policy purposes’ and under asset item 11.3 ‘Other financial assets’: notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro. Equity instruments | (a)Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised(b)Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised(c)Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised(d)Marketable equity instrumentsMarket price | (a) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised | (b) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised | (c) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised | (d) | Marketable equity instrumentsMarket price

7.2 | Other securities

(a) | Marketable securities other than held-to-maturityMarket priceAny premiums or discounts are amortised

(b) | Marketable securities classified as held-to-maturityCost subject to impairmentAny premiums or discounts are amortised

(c) | Non-marketable securitiesCost subject to impairmentAny premiums or discounts are amortised

(d) | Marketable equity instrumentsMarket price

8General government debt denominated in euro | 8 | General government debt denominated in euro | Claims on government stemming from before EMU (non-marketable securities, loans) | Deposits/loans at nominal value, non-marketable securities at cost

8 | General government debt denominated in euro

9Intra-Eurosystem claims | 9 | Intra-Eurosystem claims |  | 

9 | Intra-Eurosystem claims

9.1Claims related to the issuance of ECB debt certificates | 9.1 | Claims related to the issuance of ECB debt certificates | Intra-Eurosystem claims vis-à-vis NCBs, arising from the issuance of ECB debt certificates | Cost

9.1 | Claims related to the issuance of ECB debt certificates

9.2Claims related to the allocation of euro banknotes within the Eurosystem | 9.2 | Claims related to the allocation of euro banknotes within the Eurosystem | Claims related to the ECB’s banknote issue, in accordance with Decision ECB/2010/29 of 13 December 2010 on the issue of euro banknotes(2) | Nominal value

9.2 | Claims related to the allocation of euro banknotes within the Eurosystem

9.3Other claims within the Eurosystem (net) | 9.3 | Other claims within the Eurosystem (net) | Net position of the following sub-items: | 

9.3 | Other claims within the Eurosystem (net)

(a)net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’ | (a) | net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’ | (a)Nominal value | (a) | Nominal value

(a) | net claims arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also liability item 10.2 ‘Other liabilities within the Eurosystem (net)’

(a) | Nominal value

(b)other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs | (b) | other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs | (b)Nominal value | (b) | Nominal value

(b) | other intra-Eurosystem claims denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b) | Nominal value

10Items in course of settlement | 10 | Items in course of settlement | Settlement account balances (claims), including the float of cheques in collection | Nominal value

10 | Items in course of settlement

11Other assets | 11 | Other assets |  | 

11 | Other assets

11.1Coins of euro area | 11.1 | Coins of euro area | Euro coins | Nominal value

11.1 | Coins of euro area

11.2Tangible and intangible fixed assets | 11.2 | Tangible and intangible fixed assets | Land and buildings, furniture and equipment including computer equipment, software | Cost less depreciationDepreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The useful life is the period over which a fixed asset is expected to be available for use by the entity. Useful lives of individual material fixed assets may be reviewed on a systematic basis, if expectations differ from previous estimates. Major assets may comprise components with different useful lives. The lives of such components should be assessed individuallyThe cost of intangible assets includes the price for the acquisition of the intangible asset. Other direct or indirect costs are to be expensedCapitalisation of expenditure: limit based (below EUR 10 000  excluding VAT: no capitalisation)

11.2 | Tangible and intangible fixed assets

11.3Other financial assets | 11.3 | Other financial assets | —Participating interests and investments in subsidiaries, equities held for strategic/policy reasons—Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio—Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item | — | Participating interests and investments in subsidiaries, equities held for strategic/policy reasons | — | Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio | — | Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item | (a)Marketable equity instrumentsMarket price(b)Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment(c)Investment in subsidiaries or significant interestsNet asset value(d)Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised(e)Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised(f)Non-marketable securitiesCost subject to impairment(g)Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies | (a) | Marketable equity instrumentsMarket price | (b) | Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment | (c) | Investment in subsidiaries or significant interestsNet asset value | (d) | Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised | (e) | Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised | (f) | Non-marketable securitiesCost subject to impairment | (g) | Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies

11.3 | Other financial assets

— | Participating interests and investments in subsidiaries, equities held for strategic/policy reasons

— | Securities including equities, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio

— | Reverse repo transactions with credit institutions in connection with the management of securities portfolios under this item

(a) | Marketable equity instrumentsMarket price

(b) | Participating interests and illiquid equity shares, and any other equity instruments held as permanent investmentsCost subject to impairment

(c) | Investment in subsidiaries or significant interestsNet asset value

(d) | Marketable securities other than held to maturityMarket pricePremiums/discounts are amortised

(e) | Marketable securities classified as held-to-maturity or held as a permanent investmentCost subject to impairmentAny premiums or discounts are amortised

(f) | Non-marketable securitiesCost subject to impairment

(g) | Balances with banks and loansNominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies

11.4Off-balance-sheet instruments revaluation differences | 11.4 | Off-balance-sheet instruments revaluation differences | Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date | Net position between forward and spot, at the foreign exchange market rate

11.4 | Off-balance-sheet instruments revaluation differences

11.5Accruals and prepaid expenditure | 11.5 | Accruals and prepaid expenditure | Income not due in, but assignable to the reported period. Prepaid expenditure and accrued interest paid, i.e. accrued interest purchased with a security | Nominal value, foreign exchange translated at market rate

11.5 | Accruals and prepaid expenditure

11.6Sundry | 11.6 | Sundry | (a)Advances, loans and other minor items. Loans on a trust basis | (a) | Advances, loans and other minor items. Loans on a trust basis | (a)Nominal value or cost | (a) | Nominal value or cost

11.6 | Sundry

(a) | Advances, loans and other minor items. Loans on a trust basis

(a) | Nominal value or cost

(b)Investments related to customer gold deposits | (b) | Investments related to customer gold deposits | (b)Market value | (b) | Market value

(b) | Investments related to customer gold deposits

(b) | Market value

(c)Net pension assets | (c) | Net pension assets | (c)As per Article 24(2) | (c) | As per Article 24(2)

(c) | Net pension assets

(c) | As per Article 24(2)

(d)Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations | (d) | Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations | (d)Nominal/recoverable value (before/after settlement of losses) | (d) | Nominal/recoverable value (before/after settlement of losses)

(d) | Outstanding claims arising from the default of Eurosystem counterparties in the context of Eurosystem credit operations

(d) | Nominal/recoverable value (before/after settlement of losses)

(e)Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default | (e) | Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default | (e)Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies) | (e) | Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)

(e) | Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default

(e) | Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies)

12Loss for the year | 12 | Loss for the year |  | Nominal value

12 | Loss for the year

LIABILITIES

Balance sheet item | Categorisation of contents of balance sheet items | Valuation principle

1Banknotes in circulation | 1 | Banknotes in circulation | Euro banknotes issued by the ECB, in accordance with Decision ECB/2010/29 | Nominal value

1 | Banknotes in circulation

2Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Annex I to Guideline ECB/2000/7 | 

2 | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1Current accounts (covering the minimum reserve system) | 2.1 | Current accounts (covering the minimum reserve system) | Euro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the ESCB. This item contains primarily accounts used in order to hold minimum reserves | Nominal value

2.1 | Current accounts (covering the minimum reserve system)

2.2Deposit facility | 2.2 | Deposit facility | Overnight deposits at a pre-specified interest rate (standing facility) | Nominal value

2.2 | Deposit facility

2.3Fixed-term deposits | 2.3 | Fixed-term deposits | Collection for liquidity absorption purposes owing to fine-tuning operations | Nominal value

2.3 | Fixed-term deposits

2.4Fine-tuning reverse operations | 2.4 | Fine-tuning reverse operations | Monetary policy-related transactions with the aim of liquidity absorption | Nominal value or repo cost

2.4 | Fine-tuning reverse operations

2.5Deposits related to margin calls | 2.5 | Deposits related to margin calls | Deposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions | Nominal value

2.5 | Deposits related to margin calls

3Other liabilities to euro area credit institutions denominated in euro | 3 | Other liabilities to euro area credit institutions denominated in euro | Repo transactions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 7 ‘Securities of euro area residents denominated in euro’. Other operations unrelated to Eurosystem monetary policy operations. No current accounts of credit institutions | Nominal value or repo cost

3 | Other liabilities to euro area credit institutions denominated in euro

4ECB debt certificates issued | 4 | ECB debt certificates issued | Debt certificates as described in Annex I to Guideline ECB/2000/7. Discount paper, issued with the aim of liquidity absorption | CostAny discounts are amortised

4 | ECB debt certificates issued

5Liabilities to other euro area residents denominated in euro | 5 | Liabilities to other euro area residents denominated in euro |  | 

5 | Liabilities to other euro area residents denominated in euro

5.1General government | 5.1 | General government | Current accounts, fixed-term deposits, deposits repayable on demand | Nominal value

5.1 | General government

5.2Other liabilities | 5.2 | Other liabilities | Current accounts of staff, companies and clients including financial institutions listed as exempt from the obligation to hold minimum reserves (See liability item 2.1); fixed-term deposits, deposits repayable on demand | Nominal value

5.2 | Other liabilities

6Liabilities to non-euro area residents denominated in euro | 6 | Liabilities to non-euro area residents denominated in euro | Current accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes: of other banks, central banks, international/supranational institutions including the European Commission; current accounts of other depositors. Repo transactions in connection with simultaneous reverse repo transactions for the management of securities denominated in euro. Balances of TARGET2 accounts of central banks of Member States whose currency is not the euro | Nominal value or repo cost

6 | Liabilities to non-euro area residents denominated in euro

7Liabilities to euro area residents denominated in foreign currency | 7 | Liabilities to euro area residents denominated in foreign currency | Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold | Nominal value, translation at year-end foreign exchange market rate

7 | Liabilities to euro area residents denominated in foreign currency

8Liabilities to non-euro area residents denominated in foreign currency | 8 | Liabilities to non-euro area residents denominated in foreign currency |  | 

8 | Liabilities to non-euro area residents denominated in foreign currency

8.1Deposits, balances and other liabilities | 8.1 | Deposits, balances and other liabilities | Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold | Nominal value, translation at the year-end foreign exchange market rate

8.1 | Deposits, balances and other liabilities

8.2Liabilities arising from the credit facility under ERM II | 8.2 | Liabilities arising from the credit facility under ERM II | Borrowing in accordance with the ERM II conditions | Nominal value, translation at the year-end foreign exchange market rate

8.2 | Liabilities arising from the credit facility under ERM II

9Counterpart of special drawing rights allocated by the IMF | 9 | Counterpart of special drawing rights allocated by the IMF | SDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB | Nominal value, translation at the year-end foreign exchange market rate

9 | Counterpart of special drawing rights allocated by the IMF

10Intra-Eurosystem liabilities | 10 | Intra-Eurosystem liabilities |  | 

10 | Intra-Eurosystem liabilities

10.1Liabilities equivalent to the transfer of foreign reserves | 10.1 | Liabilities equivalent to the transfer of foreign reserves | ECB balance sheet item, denominated in euro | Nominal value

10.1 | Liabilities equivalent to the transfer of foreign reserves

10.2Other liabilities within the Eurosystem (net) | 10.2 | Other liabilities within the Eurosystem (net) | Net position of the following sub-items: | 

10.2 | Other liabilities within the Eurosystem (net)

(a)net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’ | (a) | net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’ | (a)Nominal value | (a) | Nominal value

(a) | net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’

(a) | Nominal value

(b)other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs | (b) | other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs | (b)Nominal value | (b) | Nominal value

(b) | other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs

(b) | Nominal value

11Items in course of settlement | 11 | Items in course of settlement | Settlement account balances (liabilities), including the float of giro transfers | Nominal value

11 | Items in course of settlement

12Other liabilities | 12 | Other liabilities |  | 

12 | Other liabilities

12.1Off-balance-sheet instruments revaluation differences | 12.1 | Off-balance-sheet instruments revaluation differences | Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date | Net position between forward and spot, at the foreign exchange market rate

12.1 | Off-balance-sheet instruments revaluation differences

12.2Accruals and income collected in advance | 12.2 | Accruals and income collected in advance | Expenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period | Nominal value, foreign exchange translated at market rate

12.2 | Accruals and income collected in advance

12.3Sundry | 12.3 | Sundry | (a)Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis | (a) | Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis | (a)Nominal value or (repo) cost | (a) | Nominal value or (repo) cost

12.3 | Sundry

(a) | Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis

(a) | Nominal value or (repo) cost

(b)Customer gold deposits | (b) | Customer gold deposits | (b)Market value | (b) | Market value

(b) | Customer gold deposits

(b) | Market value

(c)Net pension liabilities | (c) | Net pension liabilities | (c)As per Article 24(2) | (c) | As per Article 24(2)

(c) | Net pension liabilities

(c) | As per Article 24(2)

13Provisions | 13 | Provisions | (a)For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated | (a) | For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated | (a)Cost/nominal value | (a) | Cost/nominal value

13 | Provisions

(a) | For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated

(a) | Cost/nominal value

(b)For counterparty or credit risks arising from monetary policy operations | (b) | For counterparty or credit risks arising from monetary policy operations | (b)Nominal value (based on a valuation at year end by the Governing Council of the ECB) | (b) | Nominal value (based on a valuation at year end by the Governing Council of the ECB)

(b) | For counterparty or credit risks arising from monetary policy operations

(b) | Nominal value (based on a valuation at year end by the Governing Council of the ECB)

14Revaluation accounts | 14 | Revaluation accounts | (a)Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs(b)Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2) | (a) | Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs | (b) | Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2) | Revaluation difference between average cost and market value, foreign exchange translated at market rate

14 | Revaluation accounts

(a) | Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs

(b) | Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)

15Capital and reserves | 15 | Capital and reserves |  | 

15 | Capital and reserves

15.1Capital | 15.1 | Capital | Paid-up capital | Nominal value

15.1 | Capital

15.2Reserves | 15.2 | Reserves | Legal reserves, in accordance with Article 33 of the Statute of the ESCB and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated | Nominal value

15.2 | Reserves

16Profit for the year | 16 | Profit for the year |  | Nominal value

16 | Profit for the year

(1)  

            OJ L 310, 11.12.2000, p. 1.

(2)  See page 26 of this Official Journal. Decision ECB/2010/29 adopted before publication of Decision ECB/2010/21.
ANNEX II

ANNUAL BALANCE SHEET OF THE ECB
(EUR million)

Assets(2) | Reporting year | Previous year | Liabilities | Reporting year | Previous year

1.Gold and gold receivables2.Claims on non-euro area residents denominated in foreign currency2.1.Receivables from the IMF2.2.Balances with banks and security investments, external loans and other external assets3.Claims on euro area residents denominated in foreign currency4.Claims on non-euro area residents denominated in euro4.1.Balances with banks, security investments and loans4.2.Claims arising from the credit facility under ERM II5.Lending to euro area credit institutions related to monetary policy operations denominated in euro5.1.Main refinancing operations5.2.Longer-term refinancing operations5.3.Fine-tuning reverse operations5.4.Structural reverse operations5.5.Marginal lending facility5.6.Credits related to margin calls6.Other claims on euro area credit institutions denominated in euro7.Securities of euro area residents denominated in euro7.1.Securities held for monetary policy purposes7.2.Other securities8.General government debt denominated in euro9.Intra-Eurosystem claims9.1.Claims related to the issuance of ECB debt certificates9.2.Claims related to the allocation of euro banknotes within the Eurosystem9.3.Other claims within the Eurosystem (net)10.Items in course of settlement11.Other assets11.1.Coins of euro area11.2.Tangible and intangible fixed assets11.3.Other financial assets11.4.Off-balance-sheet instruments revaluation differences11.5.Accruals and prepaid expenses11.6.Sundry12.Loss for the year | 1. | Gold and gold receivables | 2. | Claims on non-euro area residents denominated in foreign currency | 2.1. | Receivables from the IMF | 2.2. | Balances with banks and security investments, external loans and other external assets | 3. | Claims on euro area residents denominated in foreign currency | 4. | Claims on non-euro area residents denominated in euro | 4.1. | Balances with banks, security investments and loans | 4.2. | Claims arising from the credit facility under ERM II | 5. | Lending to euro area credit institutions related to monetary policy operations denominated in euro | 5.1. | Main refinancing operations | 5.2. | Longer-term refinancing operations | 5.3. | Fine-tuning reverse operations | 5.4. | Structural reverse operations | 5.5. | Marginal lending facility | 5.6. | Credits related to margin calls | 6. | Other claims on euro area credit institutions denominated in euro | 7. | Securities of euro area residents denominated in euro | 7.1. | Securities held for monetary policy purposes | 7.2. | Other securities | 8. | General government debt denominated in euro | 9. | Intra-Eurosystem claims | 9.1. | Claims related to the issuance of ECB debt certificates | 9.2. | Claims related to the allocation of euro banknotes within the Eurosystem | 9.3. | Other claims within the Eurosystem (net) | 10. | Items in course of settlement | 11. | Other assets | 11.1. | Coins of euro area | 11.2. | Tangible and intangible fixed assets | 11.3. | Other financial assets | 11.4. | Off-balance-sheet instruments revaluation differences | 11.5. | Accruals and prepaid expenses | 11.6. | Sundry | 12. | Loss for the year |  |  | 1.Banknotes in circulation2.Liabilities to euro area credit institutions related to monetary policy operations denominated in euro2.1.Current accounts (covering the minimum reserve system)2.2.Deposit facility2.3.Fixed-term deposits2.4.Fine-tuning reverse operations2.5.Deposits related to margin calls3.Other liabilities to euro area credit institutions denominated in euro4.ECB debt certificates issued5.Liabilities to other euro area residents denominated in euro5.1.General government5.2.Other liabilities6.Liabilities to non-euro area residents denominated in euro7.Liabilities to euro area residents denominated in foreign currency8.Liabilities to non-euro area residents denominated in foreign currency8.1.Deposits, balances and other liabilities8.2.Liabilities arising from the credit facility under ERM II9.Counterpart of special drawing rights allocated by the IMF10.Intra-Eurosystem liabilities10.1.Liabilities equivalent to the transfer of foreign reserves10.2.Other liabilities within the Eurosystem (net)11.Items in course of settlement12.Other liabilities12.1.Off-balance-sheet instruments revaluation differences12.2.Accruals and income collected in advance12.3.Sundry13.Provisions14.Revaluation accounts15.Capital and reserves15.1.Capital15.2.Reserves16.Profit for the year | 1. | Banknotes in circulation | 2. | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro | 2.1. | Current accounts (covering the minimum reserve system) | 2.2. | Deposit facility | 2.3. | Fixed-term deposits | 2.4. | Fine-tuning reverse operations | 2.5. | Deposits related to margin calls | 3. | Other liabilities to euro area credit institutions denominated in euro | 4. | ECB debt certificates issued | 5. | Liabilities to other euro area residents denominated in euro | 5.1. | General government | 5.2. | Other liabilities | 6. | Liabilities to non-euro area residents denominated in euro | 7. | Liabilities to euro area residents denominated in foreign currency | 8. | Liabilities to non-euro area residents denominated in foreign currency | 8.1. | Deposits, balances and other liabilities | 8.2. | Liabilities arising from the credit facility under ERM II | 9. | Counterpart of special drawing rights allocated by the IMF | 10. | Intra-Eurosystem liabilities | 10.1. | Liabilities equivalent to the transfer of foreign reserves | 10.2. | Other liabilities within the Eurosystem (net) | 11. | Items in course of settlement | 12. | Other liabilities | 12.1. | Off-balance-sheet instruments revaluation differences | 12.2. | Accruals and income collected in advance | 12.3. | Sundry | 13. | Provisions | 14. | Revaluation accounts | 15. | Capital and reserves | 15.1. | Capital | 15.2. | Reserves | 16. | Profit for the year |  | 

1. | Gold and gold receivables

2. | Claims on non-euro area residents denominated in foreign currency

2.1. | Receivables from the IMF

2.2. | Balances with banks and security investments, external loans and other external assets

3. | Claims on euro area residents denominated in foreign currency

4. | Claims on non-euro area residents denominated in euro

4.1. | Balances with banks, security investments and loans

4.2. | Claims arising from the credit facility under ERM II

5. | Lending to euro area credit institutions related to monetary policy operations denominated in euro

5.1. | Main refinancing operations

5.2. | Longer-term refinancing operations

5.3. | Fine-tuning reverse operations

5.4. | Structural reverse operations

5.5. | Marginal lending facility

5.6. | Credits related to margin calls

6. | Other claims on euro area credit institutions denominated in euro

7. | Securities of euro area residents denominated in euro

7.1. | Securities held for monetary policy purposes

7.2. | Other securities

8. | General government debt denominated in euro

9. | Intra-Eurosystem claims

9.1. | Claims related to the issuance of ECB debt certificates

9.2. | Claims related to the allocation of euro banknotes within the Eurosystem

9.3. | Other claims within the Eurosystem (net)

10. | Items in course of settlement

11. | Other assets

11.1. | Coins of euro area

11.2. | Tangible and intangible fixed assets

11.3. | Other financial assets

11.4. | Off-balance-sheet instruments revaluation differences

11.5. | Accruals and prepaid expenses

11.6. | Sundry

12. | Loss for the year

1. | Banknotes in circulation

2. | Liabilities to euro area credit institutions related to monetary policy operations denominated in euro

2.1. | Current accounts (covering the minimum reserve system)

2.2. | Deposit facility

2.3. | Fixed-term deposits

2.4. | Fine-tuning reverse operations

2.5. | Deposits related to margin calls

3. | Other liabilities to euro area credit institutions denominated in euro

4. | ECB debt certificates issued

5. | Liabilities to other euro area residents denominated in euro

5.1. | General government

5.2. | Other liabilities

6. | Liabilities to non-euro area residents denominated in euro

7. | Liabilities to euro area residents denominated in foreign currency

8. | Liabilities to non-euro area residents denominated in foreign currency

8.1. | Deposits, balances and other liabilities

8.2. | Liabilities arising from the credit facility under ERM II

9. | Counterpart of special drawing rights allocated by the IMF

10. | Intra-Eurosystem liabilities

10.1. | Liabilities equivalent to the transfer of foreign reserves

10.2. | Other liabilities within the Eurosystem (net)

11. | Items in course of settlement

12. | Other liabilities

12.1. | Off-balance-sheet instruments revaluation differences

12.2. | Accruals and income collected in advance

12.3. | Sundry

13. | Provisions

14. | Revaluation accounts

15. | Capital and reserves

15.1. | Capital

15.2. | Reserves

16. | Profit for the year

Total assets | Total liabilities |  | 

(1)  The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner.

(2)  The table of assets may also be published above the table of liabilities.
ANNEX III

PUBLISHED PROFIT AND LOSS ACCOUNT OF THE ECB
(EUR million)

Profit and loss account for the year ending 31 December … | Reporting year | Previous year

1.1.1.Interest income on foreign reserve assets | 1.1.1. | Interest income on foreign reserve assets |  | 

1.1.1. | Interest income on foreign reserve assets

1.1.2.Interest income arising from the allocation of euro banknotes within the Eurosystem | 1.1.2. | Interest income arising from the allocation of euro banknotes within the Eurosystem |  | 

1.1.2. | Interest income arising from the allocation of euro banknotes within the Eurosystem

1.1.3.Other interest income | 1.1.3. | Other interest income |  | 

1.1.3. | Other interest income

1.1.Interest income | 1.1. | Interest income |  | 

1.1. | Interest income

1.2.1.Remuneration of NCBs’ claims in respect of foreign reserves transferred | 1.2.1. | Remuneration of NCBs’ claims in respect of foreign reserves transferred |  | 

1.2.1. | Remuneration of NCBs’ claims in respect of foreign reserves transferred

1.2.2.Other interest expense | 1.2.2. | Other interest expense |  | 

1.2.2. | Other interest expense

1.2.Interest expense | 1.2. | Interest expense |  | 

1.2. | Interest expense

1.Net interest income | 1. | Net interest income |  | 

1. | Net interest income

2.1.Realised gains/losses arising from financial operations | 2.1. | Realised gains/losses arising from financial operations |  | 

2.1. | Realised gains/losses arising from financial operations

2.2.Write-downs on financial assets and positions | 2.2. | Write-downs on financial assets and positions |  | 

2.2. | Write-downs on financial assets and positions

2.3.Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks | 2.3. | Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks |  | 

2.3. | Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks

2.Net result of financial operations, write downs and risk provisions | 2. | Net result of financial operations, write downs and risk provisions |  | 

2. | Net result of financial operations, write downs and risk provisions

3.1.Fees and commissions income | 3.1. | Fees and commissions income |  | 

3.1. | Fees and commissions income

3.2.Fees and commissions expense | 3.2. | Fees and commissions expense |  | 

3.2. | Fees and commissions expense

3.Net income/expense from fees and commissions(2) | 3. | Net income/expense from fees and commissions(2) |  | 

3. | Net income/expense from fees and commissions(2)

4.Income from equity shares and participating interests | 4. | Income from equity shares and participating interests |  | 

4. | Income from equity shares and participating interests

5.Other income | 5. | Other income |  | 

5. | Other income

Total net income |  | 

6.Staff costs(3) | 6. | Staff costs(3) |  | 

6. | Staff costs(3)

7.Administrative expenses(3) | 7. | Administrative expenses(3) |  | 

7. | Administrative expenses(3)

8.Depreciation of tangible and intangible fixed assets | 8. | Depreciation of tangible and intangible fixed assets |  | 

8. | Depreciation of tangible and intangible fixed assets

9.Banknote production services(4) | 9. | Banknote production services(4) |  | 

9. | Banknote production services(4)

10.Other expenses | 10. | Other expenses |  | 

10. | Other expenses

(Loss)/profit for the year |  | 

(1)  The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner.

(2)  The breakdown between income and expenses may alternatively be provided in the explanatory notes to the annual accounts.

(3)  This includes administrative provisions.

(4)  This item is used in the case of outsourced banknote production (for the cost of the services provided by external companies in charge of the production of banknotes on behalf of the central banks). It is recommended that the costs incurred in connection with the issue of euro banknotes should be taken to the profit and loss account as they are invoiced or otherwise incurred, see also Guideline ECB/2010/20.
ANNEX IV

REPEALED DECISION AND SUCCESSIVE AMENDMENTS
Decision ECB/2006/17 | OJ L 348, 11.12.2006, p. 38.

Decision ECB/2007/21 | OJ L 42, 16.2.2008, p. 83.

Decision ECB/2008/22 | OJ L 36, 5.2.2009, p. 22.

Decision ECB/2009/19 | OJ L 202, 4.8.2009, p. 54.

Decision ECB/2009/29 | OJ L 348, 29.12.2009, p. 57.
ANNEX V

CORRELATION TABLE
Decision ECB/2006/17 | This Decision

— | Article 11

Article 10a | Article 12

Article 11 | Article 13

Article 12 | Article 14

Article 13 | Article 15

Article 14 | Article 16

Article 15 | Article 17

Article 16 | Article 18

Article 17 | Article 19

Article 18 | Article 20

Article 19 | Article 21

Article 20 | Article 22

Article 21 | Article 23

Article 22 | Article 24

Article 23 | Article 25

Article 24 | Article 26

Pending: 32010D0018

                                January 16, 2026                            

13.1.2010
EN
Official Journal of the European Union
L 8/32

(1)
Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(2)
The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this decision.

(3)
Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

—
the reduction of impacts on habitats and associated resources,

—
the reduction of energy consumption,

—
the reduction of discharges of toxic or otherwise polluting substances into the environment,

—
the reduction of use of dangerous substances in the materials and in the finished products,

—
safety and absence of risk to health in the living environment,

—
information that will enable the consumer to use the product in an efficient way which minimises the whole environmental impact.

—
Until 30 June 2011, for wooden products placed on the market bearing the Ecolabel, at least 50 % of any solid wood and 20 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union(1)and further development thereof, or from recycled materials.

—
From 1 July 2011, until 31 December 2012 for wooden products placed on the market bearing the Ecolabel at least 60 % of any solid wood and 30 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union and further development thereof, or from recycled materials.

—
From 1 January 2013, for wooden products placed on the market bearing the Ecolabel at least 70 % of any solid wood and 40 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union and further development thereof, or from recycled materials.

Elements and compounds
Limit values(mg/kg of total dry panel)

Arsenic
25

Cadmium
50

Chromium
25

Copper
40

Lead
90

Mercury
25

Fluorine
100

Chlorine
1 000

Pentachlorophenol (PCP)
5

Tar oils (benzo(a)pyrene)
0,5

—
WHO recommended classification of pesticides by hazard classified as class 1a (extremely hazardous),

—
WHO recommended classification of pesticides by hazard classified as class 1b (highly hazardous).

(a)
No substances or preparations that are assigned, or may be assigned at the time of application, any of the following risk phrases (or combinations thereof) may be added to the wooden product:R23 (toxic by inhalation)R24 (toxic in contact with skin)R25 (toxic if swallowed)R26 (very toxic by inhalation)R27 (very toxic in contact with skin)R28 (very toxic if swallowed)R39 (danger of very serious irreversible effects)R40 (limited evidence of a carcinogenic effect)R42 (may cause sensitisation by inhalation)R43 (may cause sensitisation by skin contact)R45 (may cause cancer)R46 (may cause heritable genetic damage)R48 (danger or serious damage to health by prolonged exposure)R49 (may cause cancer by inhalation)R50 (very toxic to aquatic organisms)R51 (toxic to aquatic organisms)R52 (harmful to aquatic organisms)R53 (may cause long-term adverse effects in the aquatic environment)R60 (may impair fertility)R61 (may cause harm to the unborn child)R62 (possible risk of impaired fertility)R63 (possible risk of harm to the unborn child)R68 (possible risk of irreversible effects),as laid down in Council Directive 67/548/EEC of 27 June 1967 on the approximation of the laws, regulations and administrative provisions relating to the classification, packaging and labelling of dangerous substances(4)(Dangerous Substances Directive), and its subsequent amendments, and considering Directive 1999/45/EC of the European Parliament and of the Council(5)(Dangerous Preparations Directive).Alternatively, classification may be considered according to Regulation (EC) No 1272/2008 of the European Parliament and of the Council of 16 December 2008 on classification, labelling and packaging of substances and mixtures, amending and repealing directives 67/548/EEC and 1999/45/EC, and amending Regulation (EC) No 1907/2006(6). In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, any of the following hazard statements (or combinations thereof): H300, H301, H310, H311, H317 H330, H331, H334, H351, H350, H340, H350i, H400, H410, H411, H412, H413, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341, H370, H372.

R23 (toxic by inhalation)

R24 (toxic in contact with skin)

R25 (toxic if swallowed)

R26 (very toxic by inhalation)

R27 (very toxic in contact with skin)

R28 (very toxic if swallowed)

R39 (danger of very serious irreversible effects)

R40 (limited evidence of a carcinogenic effect)

R42 (may cause sensitisation by inhalation)

R43 (may cause sensitisation by skin contact)

R45 (may cause cancer)

R46 (may cause heritable genetic damage)

R48 (danger or serious damage to health by prolonged exposure)

R49 (may cause cancer by inhalation)

R50 (very toxic to aquatic organisms)

R51 (toxic to aquatic organisms)

R52 (harmful to aquatic organisms)

R53 (may cause long-term adverse effects in the aquatic environment)

R60 (may impair fertility)

R61 (may cause harm to the unborn child)

R62 (possible risk of impaired fertility)

R63 (possible risk of harm to the unborn child)

R68 (possible risk of irreversible effects),

R23 (toxic by inhalation)

R24 (toxic in contact with skin)

R25 (toxic if swallowed)

R26 (very toxic by inhalation)

R27 (very toxic in contact with skin)

R28 (very toxic if swallowed)

R39 (danger of very serious irreversible effects)

R40 (limited evidence of a carcinogenic effect)

R42 (may cause sensitisation by inhalation)

R43 (may cause sensitisation by skin contact)

R45 (may cause cancer)

R46 (may cause heritable genetic damage)

R48 (danger or serious damage to health by prolonged exposure)

R49 (may cause cancer by inhalation)

R50 (very toxic to aquatic organisms)

R51 (toxic to aquatic organisms)

R52 (harmful to aquatic organisms)

R53 (may cause long-term adverse effects in the aquatic environment)

R60 (may impair fertility)

R61 (may cause harm to the unborn child)

R62 (possible risk of impaired fertility)

R63 (possible risk of harm to the unborn child)

R68 (possible risk of irreversible effects),

R23 (toxic by inhalation)

R24 (toxic in contact with skin)

R25 (toxic if swallowed)

R26 (very toxic by inhalation)

R27 (very toxic in contact with skin)

R28 (very toxic if swallowed)

R39 (danger of very serious irreversible effects)

R40 (limited evidence of a carcinogenic effect)

R42 (may cause sensitisation by inhalation)

R43 (may cause sensitisation by skin contact)

R45 (may cause cancer)

R46 (may cause heritable genetic damage)

R48 (danger or serious damage to health by prolonged exposure)

R49 (may cause cancer by inhalation)

R50 (very toxic to aquatic organisms)

R51 (toxic to aquatic organisms)

R52 (harmful to aquatic organisms)

R53 (may cause long-term adverse effects in the aquatic environment)

R60 (may impair fertility)

R61 (may cause harm to the unborn child)

R62 (possible risk of impaired fertility)

R63 (possible risk of harm to the unborn child)

R68 (possible risk of irreversible effects),

(b)
The product must not contain halogenated organic binding agents, azidirin and polyaziridins as well as pigments and additives based on:—lead, cadmium, chrome (VI), mercury and their compounds,—arsenic, boron and copper,—organic tin.
—
lead, cadmium, chrome (VI), mercury and their compounds,
—
arsenic, boron and copper,
—
organic tin.

—
lead, cadmium, chrome (VI), mercury and their compounds,

—
arsenic, boron and copper,

—
organic tin.

—
lead, cadmium, chrome (VI), mercury and their compounds,

—
arsenic, boron and copper,

—
organic tin.

(a)
The requirements of part 2.1 on dangerous substances for the raw wood and plant treatments shall also apply for coating and surface treatments.

(b)
Chemical substances classified as harmful for the environment by the chemical manufacturer/supplier in accordance with EU classification system (28th Amendment to Directive 67/548/EEC) shall comply with the two following limits:—chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,—the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.Assessment and verification:the applicant shall provide a declaration of compliance with this criterion, together with documents to support this declaration, including:—a complete recipe with designation of quantities and CAS numbers for constituent substances,—the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,—a declaration stating that all constituent substances have been disclosed,—number of coats and quantity applied per coat per square metre of surface.The following standard degrees of effectiveness are used for the purpose of calculating the consumption of surface treatment product and of the applied quantity: spraying device without recycling 50 %, spraying device with recycling 70 %, electrostatic spraying 65 %, spraying, bell/disk 80 %, roller coating 95 %, blanket coating 95 %, vacuum coating 95 %, dipping 95 %, rinsing 95 %.
—
chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,
—
the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.
—
a complete recipe with designation of quantities and CAS numbers for constituent substances,
—
the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,
—
a declaration stating that all constituent substances have been disclosed,
—
number of coats and quantity applied per coat per square metre of surface.

—
chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,

—
the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.

—
a complete recipe with designation of quantities and CAS numbers for constituent substances,

—
the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,

—
a declaration stating that all constituent substances have been disclosed,

—
number of coats and quantity applied per coat per square metre of surface.

—
chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,

—
the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.

—
a complete recipe with designation of quantities and CAS numbers for constituent substances,

—
the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,

—
a declaration stating that all constituent substances have been disclosed,

—
number of coats and quantity applied per coat per square metre of surface.

(c)
The content of free formaldehyde in products or preparations used in the panels shall not exceed 0,3 % by weight.The content of free formaldehyde in binding agents, adhesives, and glues for plywood panels or laminated wood panels shall not exceed 0,5 % by weight.Assessment and verification:the applicant shall provide appropriate declarations verifying that the above requirements are respected. For the chemical products used in the production a SDS or equivalent documentation shall be presented containing information on health hazard classification.

(a)
The requirements of part 2.1 on dangerous substances for the raw wood and plant treatments shall also apply for adhesives.Assessment and verification:the applicant shall provide appropriate declarations verifying that the above requirements are met. For each chemical product used in the assembly of the product, a SDS or equivalent documentation shall be presented containing information on health hazard classification. Test reports or a declaration from the supplier shall be provided for the free formaldehyde content.

(b)
The VOC content of adhesives used in the assembly of the product shall not exceed 10 % by weight (w/w).Assessment and verification:a declaration shall be provided by the applicant indicating all adhesives used in the assembly the product, as well as the compliance with this criterion.

Product family
Limit(P)

Wood floor and bamboo coverings
10,5

Laminate floor coverings
12,5

Cork coverings
9

—
kind and quantity of waste recovered,

—
kind of disposal,

—
information about the reuse (internally or externally to the production process) of waste and secondary materials in the production of new products.

Substance
Requirement(after 3 days)

Total organic compounds within the retention rangeC6 — C16 (TVOC)
0,25 mg/m3air

Total organic compounds within the retention range> C16 — C22 (TSVOC)
0,03 mg/m3air

Total VOC without LCI(*1)
0,05 mg/m3air

—
easily recyclable material,

—
materials taken from renewable resources,

—
materials intended to be reusable.

(a)
information that the product has been awarded the EU Ecolabel together with a brief yet specific explanation as to what this means in addition to the general information provided by box 2 of the logo;

(b)
recommendations for the use and maintenance of the product. This information should highlight all relevant instructions particularly referring to the maintenance and use of products. As appropriate, reference should be made to the features of the product’s use under difficult conditions, for example, water absorption, stain resistance, resistance to chemicals, necessary preparation of the underlying surface, cleaning instructions and recommended types of cleaning agents and cleaning intervals. The information should also include any possible indication on the product’s potential life expectancy in technical terms, either as an average or as a range value;

(c)
an indication of the route of recycling or disposal (explanation in order to give the consumer information about the high possible performance of such a product);

(d)
information on the EU Ecolabel and its related product groups, including the following text (or equivalent): ‘for more information visit the EU Ecolabel website: http://ec.europa.eu/environment/ecolabel/’.

—
sustainable managed forests and reduced impact on habitats,

—
hazardous substance restricted,

—
production process energy saving,

—
lower risk to health in the living environment.

A
=
Wood from certified, sustainable forest (%)

B
=
Proportion of renewable fuels (%)

C
=
Electricity consumption (MJ/m2)

D
=
Fuel consumption (MJ/m2)

A
=
Cork, bamboo or wood from certified, sustainable forest (%)

B
=
Proportion of recycled wood raw materials (%)

C
=
Proportion of renewable fuels (%)

D
=
Electricity consumption (MJ/m2)

E
=
Fuel consumption (MJ/m2)

A
=
Proportion of recycled cork (%)

B
=
Proportion of renewable fuels (%)

C
=
Electricity consumption (MJ/m2)

D
=
Fuel consumption (MJ/m2)

Fuel
Quantity
Units
Conversion factor
Energy(MJ)

Straw (15 % W)

kg
14,5

Pellets (7 % W)

kg
17,5

Waste wood (20 % W)

kg
14,7

Wood chips (45 % W)

kg
9,4

Peat

kg
20

Natural gas

kg
54,1

Natural gas

Nm3
38,8

Butane

kg
49,3

Kerosene

kg
46,5

Gasoline

kg
52,7

Diesel

kg
44,6

Gas oil

kg
45,2

Heavy fuel oil

kg
42,7

Dry steam coal

kg
30,6

Anthracite

kg
29,7

Charcoal

kg
33,7

Industrial coke

kg
27,9

Electricity (from net)

kWh
3,6

Total energy (MJ)

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Regulation (EC) No 1980/2000 of the European Parliament and of the Council of 17 July 2000 on a revised Community eco-label award scheme(1), and in particular the second subparagraph of Article 6(1) thereof,

After consulting the European Union Eco-labelling Board,

(1) Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(2) The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this decision.

(3) Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

HAS ADOPTED THIS DECISION:
Article 1

The product group ‘wooden floor coverings’ shall comprise wood- and plant-based coverings: including wood and timber coverings, laminate floorings, cork coverings and bamboo floorings which are made, for more than 90 % in mass (in the final product), from wood, wood powder and/or wood/plant-based material. It does not apply to wall coverings, where properly indicated, or coverings for external use or for coverings with a structural function.

This product group will not include any covering treated with biocidal products at any stage of the production process, except where those biocidal products are included in Annex IA to Directive 98/8/EC of the European Parliament and of the Council(2)and where the active substance is authorised for the use in question according to Annex V to Directive 98/8/EC.
Article 2

In order to be awarded the Community Ecolabel under Regulation (EC) No 1980/2000, wooden floor coverings must fall within the product group ‘wooden floor coverings’ as defined in Article 1, and must comply with the ecological criteria set out in the Annex to this Decision.
Article 3

The ecological criteria for the product group ‘wooden floor coverings’, as well as the related assessment and verification requirements, shall be valid for four years from the date of notification of this decision.
Article 4

For administrative purposes the code number assigned to the product group ‘wooden floor coverings’ shall be ‘35’.
Article 5

This Decision is addressed to the Member States.
THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Regulation (EC) No 1980/2000 of the European Parliament and of the Council of 17 July 2000 on a revised Community eco-label award scheme(1), and in particular the second subparagraph of Article 6(1) thereof,

After consulting the European Union Eco-labelling Board,

(1) Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(2) The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this decision.

(3) Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

HAS ADOPTED THIS DECISION:
The product group ‘wooden floor coverings’ shall comprise wood- and plant-based coverings: including wood and timber coverings, laminate floorings, cork coverings and bamboo floorings which are made, for more than 90 % in mass (in the final product), from wood, wood powder and/or wood/plant-based material. It does not apply to wall coverings, where properly indicated, or coverings for external use or for coverings with a structural function.

This product group will not include any covering treated with biocidal products at any stage of the production process, except where those biocidal products are included in Annex IA to Directive 98/8/EC of the European Parliament and of the Council(2)and where the active substance is authorised for the use in question according to Annex V to Directive 98/8/EC.
In order to be awarded the Community Ecolabel under Regulation (EC) No 1980/2000, wooden floor coverings must fall within the product group ‘wooden floor coverings’ as defined in Article 1, and must comply with the ecological criteria set out in the Annex to this Decision.
The ecological criteria for the product group ‘wooden floor coverings’, as well as the related assessment and verification requirements, shall be valid for four years from the date of notification of this decision.
For administrative purposes the code number assigned to the product group ‘wooden floor coverings’ shall be ‘35’.
This Decision is addressed to the Member States.
FRAMEWORKANNEX

The aims of the criteria

These criteria aim in particular at promoting:
— | the reduction of impacts on habitats and associated resources,

— | the reduction of energy consumption,

— | the reduction of discharges of toxic or otherwise polluting substances into the environment,

— | the reduction of use of dangerous substances in the materials and in the finished products,

— | safety and absence of risk to health in the living environment,

— | information that will enable the consumer to use the product in an efficient way which minimises the whole environmental impact.The criteria are set at levels that promote the labelling of coverings that are produced with low environmental impact.
Assessment and verification requirements

The specific assessment and verification requirements are indicated within each criterion.

This product group includes ‘Wood and timber coverings’, ‘Laminate floorings’, ‘Cork coverings’ and ‘Bamboo floorings’;

Wood and timber coveringsare ‘wood floors or wall coverings made of one solid piece of wood that have tongue and groove sides or constructed from several wood plies that are glued together in a multilayer panel. A wood covering can be unfinished, and once installed sanded, then finished on site or pre-finished in a factory.’

Wood and timber coverings criteria can be applicable both for wall and floor coverings, if the production processes remain the same, using the same materials and the same manufacturing methods. The criteria are set for internal use only.

The industry producing wood floor coverings determines its technical position in the European Committee for Standardisation CEN/TC 112.

Laminate flooringsare ‘rigid floor covering with a surface layer consisting of one or more thin sheets of a fibrous material (usually paper), impregnated with aminoplastic thermosetting resins (usually melamine), pressed or bonded on a substrate, normally finished with a backer’.

Laminates coverings criteria can be applicable only for floor coverings and for indoor use.

The industry producing laminate floor coverings determines its technical position in the European Committee for Standardisation CEN/TC 134.

Cork coveringsare floor or wall coverings the main component of which is cork. The granulated cork is mixed with a binder, and then cured or several layers of cork (agglomerated/veneer) can be pressed together with glue.

The cork coverings can be divided into natural cork tiles (the main component of which is agglomerated composition cork, intended to be used with a finish) and in engineered cork panels (consisting of several layers including a fibreboard the main component of which is agglomerated cork or has cork as technical solution, intended to be used with a finishing wear layer).

Cork coverings criteria can be applicable both for wall and floor coverings, if the production processes remain the same, using the same materials and the same manufacturing methods. The criteria are set for indoor use only.

The European ‘cork’ floor covering industry determines its technical position in the European Committee for Standardisation CEN/TC134.

Bamboo floor coveringare made of bamboo in solid pieces or in agglomerates as a main component.

Bamboo coverings criteria can be applicable only for floor coverings and for indoor use.

The functional unit, to which inputs and outputs should be related, is 1 m2of finished product.

Where appropriate, test methods other than those indicated for each criterion may be used if their equivalence is accepted by the competent body assessing the application.

Where possible, testing should be performed by appropriately accredited laboratories or laboratories that meet the general requirements expressed in standard EN ISO 17025.

Where appropriate, competent bodies may require supporting documentation and may carry out independent verifications.
WOODEN FLOOR COVERINGS CRITERIA

1.   RAW MATERIALSAll cork, bamboo and virgin wood must originate from forests that are managed so as to implement the principles and measures aimed at certifying sustainable forest management.

1.1.   Sustainable forest management

The producer shall have a policy for sustainable wood procurement and a system to trace and verify the origin of wood and tracking it from forest to the first reception point.

The origin of all wood shall be documented. The producer must ensure that all wood originate from legal sources. The wood shall not come from protected areas or areas in the official process of designation for protection, old growth forests and high conservation value forests defined in national stakeholder processes unless the purchases are clearly in line with the national conservation regulations.
— | Until 30 June 2011, for wooden products placed on the market bearing the Ecolabel, at least 50 % of any solid wood and 20 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union(1)and further development thereof, or from recycled materials.

— | From 1 July 2011, until 31 December 2012 for wooden products placed on the market bearing the Ecolabel at least 60 % of any solid wood and 30 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union and further development thereof, or from recycled materials.

— | From 1 January 2013, for wooden products placed on the market bearing the Ecolabel at least 70 % of any solid wood and 40 % wood-based materials must originate either from sustainably managed forests which have been certified by independent third party schemes fulfilling the criteria listed in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union and further development thereof, or from recycled materials.Assessment and verification:for meeting these conditions, the applicant shall demonstrate that any of their wooden eco-labelled products, when first placed on the market after the dates shown in the criterion will meet the appropriate level of certified wood. If this cannot be demonstrated the competent body will only issue the Ecolabel licence for the period for which compliance can be demonstrated. The applicant shall provide appropriate documentation from the wood supplier indicating the types, quantities and precise origins of wood used in the production of floor coverings. The applicant shall provide appropriate certificate(s) showing that the certification scheme correctly fulfils the requirements as laid down in paragraph 15 of the Council Resolution of 15 December 1998 on a forestry strategy for the European Union.

Definition:Wood-based materials means material made by binding with adhesives and/or glues one or more of the following materials: wood fibres, and/or stripped or sheared wood sheets, and/or wood residues from forest, plantations, sawn wood, residues from pulp/paper industry, and/or recycled wood. Wood-based materials comprise: hardboard, fibreboard, medium density fibreboard, particleboard, OSB (oriented strand board), plywood, and panels in solid wood. The term ‘wood-based material’ also refers to composite materials made from wood-based panels coated by plastics, or laminated plastics, or metals, or other coating materials and finished/semi-finished wood-based panels.

1.2.   Recycled wood and plant materials (for laminate flooring and multilayer wood coverings)

Post-consumer wood, chips or fibres applied in the production of wood-based materials (input), shall at least comply with the provisions in the EPF industry standard, as reported in paragraph 6 of document ‘EPF standard for delivery conditions of recycled wood’ of 24 October 2002.

The total amount of the recycled material shall comply with the limits indicated in table below:
Elements and compounds | Limit values(mg/kg of total dry panel)

Arsenic | 25

Cadmium | 50

Chromium | 25

Copper | 40

Lead | 90

Mercury | 25

Fluorine | 100

Chlorine | 1 000

Pentachlorophenol (PCP) | 5

Tar oils (benzo(a)pyrene) | 0,5Assessment and verification:a declaration shall be provided that recycled wood or plant materials comply with limit values as laid down in text. If it can be proved that the substances indicated have not been used in any previous preparation or treatment, the application of test to demonstrate compliance with this requirement can be avoided.

1.3.   Impregnating substances and preservatives

Wooden flooring shall not be impregnated.

Solid wood, after logging, shall not be treated with substances or preparations containing substances that are included in any of the following lists:
— | WHO recommended classification of pesticides by hazard classified as class 1a (extremely hazardous),

— | WHO recommended classification of pesticides by hazard classified as class 1b (highly hazardous).Moreover, the treatment of wood shall be in accordance with the provisions of Council Directive 79/117/EEC(2)and Council Directive 76/769/EEC(3).

Assessment and verification:the applicant shall provide a declaration showing compliance to this criterion, a list of the substances which have been used and a data sheet for each of them.

1.4.   Genetically modified wood

The product shall not contain GMO wood.

Assessment and verification:the applicant shall provide a declaration that no GMO wood has been used.

2.   USE OF DANGEROUS SUBSTANCES2.1.   Dangerous substances for the raw wood and plant treatments
 | (a) | No substances or preparations that are assigned, or may be assigned at the time of application, any of the following risk phrases (or combinations thereof) may be added to the wooden product:R23 (toxic by inhalation)R24 (toxic in contact with skin)R25 (toxic if swallowed)R26 (very toxic by inhalation)R27 (very toxic in contact with skin)R28 (very toxic if swallowed)R39 (danger of very serious irreversible effects)R40 (limited evidence of a carcinogenic effect)R42 (may cause sensitisation by inhalation)R43 (may cause sensitisation by skin contact)R45 (may cause cancer)R46 (may cause heritable genetic damage)R48 (danger or serious damage to health by prolonged exposure)R49 (may cause cancer by inhalation)R50 (very toxic to aquatic organisms)R51 (toxic to aquatic organisms)R52 (harmful to aquatic organisms)R53 (may cause long-term adverse effects in the aquatic environment)R60 (may impair fertility)R61 (may cause harm to the unborn child)R62 (possible risk of impaired fertility)R63 (possible risk of harm to the unborn child)R68 (possible risk of irreversible effects),as laid down in Council Directive 67/548/EEC of 27 June 1967 on the approximation of the laws, regulations and administrative provisions relating to the classification, packaging and labelling of dangerous substances(4)(Dangerous Substances Directive), and its subsequent amendments, and considering Directive 1999/45/EC of the European Parliament and of the Council(5)(Dangerous Preparations Directive).Alternatively, classification may be considered according to Regulation (EC) No 1272/2008 of the European Parliament and of the Council of 16 December 2008 on classification, labelling and packaging of substances and mixtures, amending and repealing directives 67/548/EEC and 1999/45/EC, and amending Regulation (EC) No 1907/2006(6). In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, any of the following hazard statements (or combinations thereof): H300, H301, H310, H311, H317 H330, H331, H334, H351, H350, H340, H350i, H400, H410, H411, H412, H413, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341, H370, H372. |  | R23 (toxic by inhalation) |  | R24 (toxic in contact with skin) |  | R25 (toxic if swallowed) |  | R26 (very toxic by inhalation) |  | R27 (very toxic in contact with skin) |  | R28 (very toxic if swallowed) |  | R39 (danger of very serious irreversible effects) |  | R40 (limited evidence of a carcinogenic effect) |  | R42 (may cause sensitisation by inhalation) |  | R43 (may cause sensitisation by skin contact) |  | R45 (may cause cancer) |  | R46 (may cause heritable genetic damage) |  | R48 (danger or serious damage to health by prolonged exposure) |  | R49 (may cause cancer by inhalation) |  | R50 (very toxic to aquatic organisms) |  | R51 (toxic to aquatic organisms) |  | R52 (harmful to aquatic organisms) |  | R53 (may cause long-term adverse effects in the aquatic environment) |  | R60 (may impair fertility) |  | R61 (may cause harm to the unborn child) |  | R62 (possible risk of impaired fertility) |  | R63 (possible risk of harm to the unborn child) |  | R68 (possible risk of irreversible effects),

 | R23 (toxic by inhalation)

 | R24 (toxic in contact with skin)

 | R25 (toxic if swallowed)

 | R26 (very toxic by inhalation)

 | R27 (very toxic in contact with skin)

 | R28 (very toxic if swallowed)

 | R39 (danger of very serious irreversible effects)

 | R40 (limited evidence of a carcinogenic effect)

 | R42 (may cause sensitisation by inhalation)

 | R43 (may cause sensitisation by skin contact)

 | R45 (may cause cancer)

 | R46 (may cause heritable genetic damage)

 | R48 (danger or serious damage to health by prolonged exposure)

 | R49 (may cause cancer by inhalation)

 | R50 (very toxic to aquatic organisms)

 | R51 (toxic to aquatic organisms)

 | R52 (harmful to aquatic organisms)

 | R53 (may cause long-term adverse effects in the aquatic environment)

 | R60 (may impair fertility)

 | R61 (may cause harm to the unborn child)

 | R62 (possible risk of impaired fertility)

 | R63 (possible risk of harm to the unborn child)

 | R68 (possible risk of irreversible effects),

 | (b) | The product must not contain halogenated organic binding agents, azidirin and polyaziridins as well as pigments and additives based on:—lead, cadmium, chrome (VI), mercury and their compounds,—arsenic, boron and copper,—organic tin. | — | lead, cadmium, chrome (VI), mercury and their compounds, | — | arsenic, boron and copper, | — | organic tin.

— | lead, cadmium, chrome (VI), mercury and their compounds,

— | arsenic, boron and copper,

— | organic tin.2.2.   Dangerous substances in the coating and surface treatments
Generic requirements
 | (a) | The requirements of part 2.1 on dangerous substances for the raw wood and plant treatments shall also apply for coating and surface treatments.

 | (b) | Chemical substances classified as harmful for the environment by the chemical manufacturer/supplier in accordance with EU classification system (28th Amendment to Directive 67/548/EEC) shall comply with the two following limits:—chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,—the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.Assessment and verification:the applicant shall provide a declaration of compliance with this criterion, together with documents to support this declaration, including:—a complete recipe with designation of quantities and CAS numbers for constituent substances,—the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,—a declaration stating that all constituent substances have been disclosed,—number of coats and quantity applied per coat per square metre of surface.The following standard degrees of effectiveness are used for the purpose of calculating the consumption of surface treatment product and of the applied quantity: spraying device without recycling 50 %, spraying device with recycling 70 %, electrostatic spraying 65 %, spraying, bell/disk 80 %, roller coating 95 %, blanket coating 95 %, vacuum coating 95 %, dipping 95 %, rinsing 95 %. | — | chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values, | — | the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2. | — | a complete recipe with designation of quantities and CAS numbers for constituent substances, | — | the test method and test results for all substances present in the product, according to the Directive 67/548/EEC, | — | a declaration stating that all constituent substances have been disclosed, | — | number of coats and quantity applied per coat per square metre of surface.

— | chemical substances classified as harmful for the environment in accordance with the Directive 1999/45/EC must not be added to substances and preparations for surface treatment.Nevertheless the products may contain up to 5 % volatile organic compounds (VOC) as defined in Directive 1999/13/EC(7)(VOC shall mean any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use). If the product requires dilution, the contents of the diluted product must not exceed the abovementioned threshold values,

— | the applied quantity (wet paint/varnish) of environmentally harmful substances shall not exceed 14 g/m2surface area and applied quantity (wet paint/varnish) of VOC shall not exceed 35 g/m2.

— | a complete recipe with designation of quantities and CAS numbers for constituent substances,

— | the test method and test results for all substances present in the product, according to the Directive 67/548/EEC,

— | a declaration stating that all constituent substances have been disclosed,

— | number of coats and quantity applied per coat per square metre of surface.

 | (c) | The content of free formaldehyde in products or preparations used in the panels shall not exceed 0,3 % by weight.The content of free formaldehyde in binding agents, adhesives, and glues for plywood panels or laminated wood panels shall not exceed 0,5 % by weight.Assessment and verification:the applicant shall provide appropriate declarations verifying that the above requirements are respected. For the chemical products used in the production a SDS or equivalent documentation shall be presented containing information on health hazard classification.

Adhesives
 | (a) | The requirements of part 2.1 on dangerous substances for the raw wood and plant treatments shall also apply for adhesives.Assessment and verification:the applicant shall provide appropriate declarations verifying that the above requirements are met. For each chemical product used in the assembly of the product, a SDS or equivalent documentation shall be presented containing information on health hazard classification. Test reports or a declaration from the supplier shall be provided for the free formaldehyde content.

 | (b) | The VOC content of adhesives used in the assembly of the product shall not exceed 10 % by weight (w/w).Assessment and verification:a declaration shall be provided by the applicant indicating all adhesives used in the assembly the product, as well as the compliance with this criterion.

Formaldehyde

Formaldehyde emissions from substances and preparations for surface treatment liberating formaldehyde shall be less than 0,05 ppm.

Assessment and verification:the applicant and/or its supplier shall provide the Material Safety Data Sheet or an equivalent declaration for the compliance of this requirement, together with information on the formulation of the surface treatment.
Plasticisers

The requirements of part 2.1 on dangerous substances for the raw wood and plant treatments shall also apply for any phthalates used in the manufacturing process.

Additionally DNOP (di-n-octyl phthalate), DINP (di-isononyl phthalate), DIDP (di-isodecyl phthalate) are not permitted in the product.

Assessment and verification:the applicant shall provide a declaration of compliance with this criterion.
Biocides

Only biocidal products containing biocidal active substances included in Annex IA of Directive 98/8/EC, and authorised for use in floor coverings, shall be allowed for use.

Assessment and verification:the applicant shall provide a declaration that the requirements of this criterion have been met along with a list of biocidal products used.

3.   PRODUCTION PROCESS3.1.   Energy consumption

The energy consumption shall be calculated as the process energy used for the production of the coverings.

The process energy, calculated as indicated in the Technical Appendix, shall exceed the following limits (P = scoring point):
Product family | Limit(P)

Wood floor and bamboo coverings | 10,5

Laminate floor coverings | 12,5

Cork coverings | 9Assessment and verification:the applicant shall calculate the Energy consumption of the production process according to the Technical Appendix instructions providing the related results and supporting documentation.

3.2.   Waste management

The applicant shall provide an appropriate documentation on the procedures adopted for the recovery of the by-products originated from the process. The applicant shall provide a report including the following information:
— | kind and quantity of waste recovered,

— | kind of disposal,

— | information about the reuse (internally or externally to the production process) of waste and secondary materials in the production of new products.Assessment and verification:the applicant shall provide appropriate documentation based on, for example, mass balance sheets and/or environmental reporting systems showing the rates of recovery achieved whether externally or internally, for example, by means of recycling, reuse or reclamation/regeneration.

4.   USE PHASE4.1.   Release of dangerous substances

The release of formaldehyde from the panels of cork, bamboo or wood fibres constituting the covering shall not exceed 0,05 mg/m3.

Assessment and verification:the applicant shall provide appropriate documentation based on test following the chamber method according to EN 717-1 method.
Volatile organic compounds (VOC)

The finished products must not exceed the following emission values:
Substance | Requirement(after 3 days)

Total organic compounds within the retention rangeC6 — C16 (TVOC) | 0,25 mg/m3air

Total organic compounds within the retention range> C16 — C22 (TSVOC) | 0,03 mg/m3air

Total VOC without LCI(*1) | 0,05 mg/m3airAssessment and verification:the applicant shall present a test certificate according to emission tests prEN 15052 or EN ISO 16000-9.

5.   PACKAGINGPackaging must be made out of one of the following:
— | easily recyclable material,

— | materials taken from renewable resources,

— | materials intended to be reusable.Assessment and verification:a description of the product packaging shall be provided on application, together with a corresponding declaration of compliance with this criterion.

6.   FITNESS FOR USEThe product shall be fit for use. This evidence may include data from appropriate ISO, CEN or equivalent test methods, such as national procedures.

Assessment and verification:details of the test procedures and results shall be provided, together with a declaration that the product is fit for use based on all other information about the best application by the end-user. According to Directive 89/106/EEC(8)a product is presumed to be fit for use if it conforms to a harmonised standard, a European technical approval or a non-harmonised technical specification recognised at Community level. The EC conformity mark ‘CE’ for construction products provides producers with an attestation of conformity easily recognisable and may be considered as sufficient in this context.

7.   CONSUMER INFORMATIONThe product shall be sold with relevant user information, which provides advice on the product’s proper and best general and technical use as well as its maintenance. It shall bear the following information on the packaging and/or on documentation accompanying the product:
(a) | information that the product has been awarded the EU Ecolabel together with a brief yet specific explanation as to what this means in addition to the general information provided by box 2 of the logo;

(b) | recommendations for the use and maintenance of the product. This information should highlight all relevant instructions particularly referring to the maintenance and use of products. As appropriate, reference should be made to the features of the product’s use under difficult conditions, for example, water absorption, stain resistance, resistance to chemicals, necessary preparation of the underlying surface, cleaning instructions and recommended types of cleaning agents and cleaning intervals. The information should also include any possible indication on the product’s potential life expectancy in technical terms, either as an average or as a range value;

(c) | an indication of the route of recycling or disposal (explanation in order to give the consumer information about the high possible performance of such a product);

(d) | information on the EU Ecolabel and its related product groups, including the following text (or equivalent): ‘for more information visit the EU Ecolabel website: http://ec.europa.eu/environment/ecolabel/’.Assessment and verification:the applicant shall provide a sample of the packaging and/or texts enclosed.

8.   INFORMATION APPEARING ON THE ECOLABELBox 2 of the Ecolabel shall contain the following text:
— | sustainable managed forests and reduced impact on habitats,

— | hazardous substance restricted,

— | production process energy saving,

— | lower risk to health in the living environment.

(1)  

            OJ C 56, 26.2.1999, p. 1.

(2)  

            OJ L 33, 8.2.1979, p. 36.

(3)  

            OJ L 262, 27.9.1976, p. 201.

(4)  

            OJ 196, 16.8.1967, p. 1.

(5)  

            OJ L 200, 30.7.1999, p. 1.

(6)  

            OJ L 353, 31.12.2008, p. 1.

(7)  

            OJ L 85, 29.3.1999, p. 1.

(*1)  LCI = lowest concentration of interest; see ‘Health risk assessment process for emissions of volatile organic compounds (VOC) from building products’ (Federal Environmental Agency).

(8)  

            OJ L 40, 11.2.1989, p. 12.

Pending: 32010D0005

                                January 16, 2026                            

7.1.2010
EN
Official Journal of the European Union
L 3/19

(1)
Under Article 371 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax(2), certain Member States may continue to exempt certain transactions. These transactions must be taken into account for the determination of the VAT own resources base.

(2)
By virtue of Article 371 of Directive 2006/112/EC, Ireland may continue to exempt transactions listed in point 10 of Part B of Annex X to that Directive.

(3)
Ireland has requested authorisation from the Commission to use certain approximate estimates for the calculation of the VAT own resources base since it is unable to make the precise calculation of the VAT own resources base for transactions referred to in point 10 of Part B of Annex X to the VAT Directive. Such calculation is likely to involve an unjustified administrative burden in relation to the effect of these transactions on Ireland’s total VAT own resources base. Ireland is able to make a calculation using approximate estimates for this category of transactions. Ireland should therefore be authorised to calculate the VAT own resource base using approximate estimates in accordance with the second indent of Article 6(3) of Regulation (EEC, Euratom) No 1553/89.

(4)
For reasons of transparency and legal certainty it is appropriate to limit the applicability of the authorisation in time,

—
Transport of passengers (point 10).

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to the Treaty establishing the European Atomic Energy Community,

Having regard to Council Regulation (EEC, Euratom) No 1553/89 of 29 May 1989 on the definitive uniform arrangements for the collection of own resources accruing from value added tax(1), and in particular Article 6(3) thereof,

After consulting the Advisory Committee on Own Resources,

(1) Under Article 371 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax(2), certain Member States may continue to exempt certain transactions. These transactions must be taken into account for the determination of the VAT own resources base.

(2) By virtue of Article 371 of Directive 2006/112/EC, Ireland may continue to exempt transactions listed in point 10 of Part B of Annex X to that Directive.

(3) Ireland has requested authorisation from the Commission to use certain approximate estimates for the calculation of the VAT own resources base since it is unable to make the precise calculation of the VAT own resources base for transactions referred to in point 10 of Part B of Annex X to the VAT Directive. Such calculation is likely to involve an unjustified administrative burden in relation to the effect of these transactions on Ireland’s total VAT own resources base. Ireland is able to make a calculation using approximate estimates for this category of transactions. Ireland should therefore be authorised to calculate the VAT own resource base using approximate estimates in accordance with the second indent of Article 6(3) of Regulation (EEC, Euratom) No 1553/89.

(4) For reasons of transparency and legal certainty it is appropriate to limit the applicability of the authorisation in time,

HAS ADOPTED THIS DECISION:
Article 1

For the purpose of calculating the VAT own resources base from 1 January 2009, Ireland is authorised to use approximate estimates in respect of the following category of transactions referred to in part B of Annex X to Directive 2006/112/EC:

—

Transport of passengers (point 10).
Article 2

This Decision shall apply from 1 January 2009 to 31 December 2013.
Article 3

This Decision is addressed to Ireland.
THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to the Treaty establishing the European Atomic Energy Community,

Having regard to Council Regulation (EEC, Euratom) No 1553/89 of 29 May 1989 on the definitive uniform arrangements for the collection of own resources accruing from value added tax(1), and in particular Article 6(3) thereof,

After consulting the Advisory Committee on Own Resources,

(1) Under Article 371 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax(2), certain Member States may continue to exempt certain transactions. These transactions must be taken into account for the determination of the VAT own resources base.

(2) By virtue of Article 371 of Directive 2006/112/EC, Ireland may continue to exempt transactions listed in point 10 of Part B of Annex X to that Directive.

(3) Ireland has requested authorisation from the Commission to use certain approximate estimates for the calculation of the VAT own resources base since it is unable to make the precise calculation of the VAT own resources base for transactions referred to in point 10 of Part B of Annex X to the VAT Directive. Such calculation is likely to involve an unjustified administrative burden in relation to the effect of these transactions on Ireland’s total VAT own resources base. Ireland is able to make a calculation using approximate estimates for this category of transactions. Ireland should therefore be authorised to calculate the VAT own resource base using approximate estimates in accordance with the second indent of Article 6(3) of Regulation (EEC, Euratom) No 1553/89.

(4) For reasons of transparency and legal certainty it is appropriate to limit the applicability of the authorisation in time,

HAS ADOPTED THIS DECISION:
For the purpose of calculating the VAT own resources base from 1 January 2009, Ireland is authorised to use approximate estimates in respect of the following category of transactions referred to in part B of Annex X to Directive 2006/112/EC:

—

Transport of passengers (point 10).
This Decision shall apply from 1 January 2009 to 31 December 2013.
This Decision is addressed to Ireland.

Pending: 32009D1014

                                January 16, 2026                            

29.12.2009
EN XM XM
Official Journal of the European Union
L 348/22

(1)
Article 300(3) of the Treaty on the Functioning of the European Union requires that members or alternate members of the Committee of the Regions, besides being representatives of regional or local bodies, ‘either hold a regional or local authority electoral mandate or are politically accountable to an elected assembly’,

(2)
Article 305 of the Treaty on the Functioning of the European Union provides for the members of the Committee and an equal number of alternate members to be appointed by the Council for five years in accordance with the proposals made by each Member State,

(3)
Article 8 of the Protocol on Transitional Provisions sets out the allocation of members of the Committee of the Regions,

(4)
As the term of office of the members and alternate members of the Committee of the Regions is due to expire on 25 January 2010, new members and alternate members should be appointed to the Committee of the Regions.

(5)
This appointment will be followed at a later date by the appointment of the other members and alternate members whose nominations have not been communicated to the Council before 14 December 2009,

—
as members, the persons listed by Member State in Annex I,

—
as alternate members, the persons listed by Member State in Annex II.

De heer Geert BOURGEOISVlaams minister

De heer Jos CHABERTOpvolger in het Brussels Hoofdstedelijk Parlement

Monsieur Xavier DESGAINMembre du Parlement wallon

Mevrouw Mia DE VITSVlaams volksvertegenwoordiger

Monsieur Paul FICHEROULLEEchevin de la Ville de Charleroi

Monsieur Jean-François ISTASSEMembre du Parlement de la Communauté française

Herr Karl-Heinz LAMBERTZMinisterpräsident der Regierung der Deutschsprachigen Gemeinschaft

Monsieur Michel LEBRUNMembre du Parlement de la Communauté française

Monsieur Charles PICQUEMinistre-Président du Gouvernement de la Région de Bruxelles-Capitale

De heer Jan ROEGIERSVlaams volksvertegenwoordiger

De heer Johan SAUWENSVlaams volksvertegenwoordiger

De heer Luc VAN DEN BRANDEVoorzitter van het Vlaams-Europees Verbindingsagentschap

Mr. Hasan AZISMayor, Municipality of Karjali

Ms. Katya DOYCHEVAMayor, Municipality of Tvarditza

Ms. Dora IANKOVAMayor, Municipality of Smolyan

Mr. Vladimir KISSIOVMunicipal Councilor, Municipality of Sofia

Mr. Krasimir MIREVMayor, Municipality of Targovishte

Mr. Vladimir MOSKOVMayor, Municipality of Gotze Delchev

Mr. Orhan MUMUNMayor, Municipality of Mineralni Bani

Ms. Detelina NIKOLOVAMayor, Municipality of Dobrich

Ms. Penka PENKOVAMayor, Municipality of Lom

Mr. Georgi SLAVOVMayor, Municipality of Yambol

Mr. Bozhidar YOTOVMayor, Municipality of Ruse

Mr. Zlatko ZHIVKOVMayor, Municipality of Montana

Pan Pavel BÉMPrimátor hlavního města Prahy

RNDr. Jiří BYTELStarosta obce Velká Hleďsebe

Pan Stanislav EICHLERHejtman Libereckého kraje

Mgr. Jan KUBATAPrimátor města Ústí nad Labem

Paní Helena LANGŠÁDLOVÁMístostarostka města Černošce

Pan Roman LÍNEKNáměstek hejtmana Pardubického kraje

Pan Josef NOVOTNÝHejtman Karlovarského kraje

Ing. Petr OSVALDZastupitel města Plzeň

Pan Jaroslav PALASHejtman Moravskoslezského kraje

Mgr. Juraj THOMAPrimátor města České Budějovice

Paní Jana VAŇHOVÁHejtmanka Ústeckého kraje

Pan Jiří ZIMOLAHejtman Jihočeského kraje

Hr. Knud Elmer ANDERSENRegionsrådsmedlem

Hr. Per BØDKER ANDERSENByrådsmedlem

Hr. Jens Christian GJESINGBorgmester

Hr. Jens Arne HEDEGAARD JENSENByrådsmedlem

Hr. Henning JENSENBorgmester

Fru Tove LARSENBorgmester

Hr. Henrik Ringbæk MADSENRegionrådsmedlem

Hr. Jens Jørgen NYGAARDByrådsmedlem

Hr. Karsten Uno PETERSENRegionrådsmedlem

Frau Nicola BEERHessische Staatssekretärin für Europaangelegenheiten

Herr Ralf CHRISTOFFERSMinister für Wirtschaft und Europaangelegenheiten des Landes Brandenburg

Herr Wolfgang GIBOWSKIStaatssekretär, Bevollmächtigter des Landes Niedersachsen beim Bund

Herr Rolf HARLINGHAUSEN MdLMitglied der Hamburgischen Bürgerschaft (Landtag)

Frau Monika HELBIGBevollmächtigte beim Bund und Europabeauftragte des Landes Berlin

Herr Niclas HERBST MdLMitglied des Landtages von Schleswig-Holstein

Herr Helmut M. JAHNLandrat des Hohenlohekreises

Herr Werner JOSTMEIER MdLMitglied des Landtages von Nordrhein-Westfalen

Herr Norbert KARTMANN MdLMitglied des Hessischen Landtages

Dr. Kerstin KIESSLERStaatsrätin, Mitglied des Senats der Freien Hansestadt Bremen

Dr. Karl-Heinz KLÄRBevollmächtigter des Landes Rheinland-Pfalz beim Bund und für Europa

Herr Dieter KLÖCKNER MdLMitglied des Landtages Rheinland-Pfalz

Frau Uta-Maria KUDERJustizministerin des Landes Mecklenburg-Vorpommern

Herr Heinz LEHMANN MdLMitglied des Sächsischen Landtags

Dr. Jürgen MARTENSSächsischer Staatsminister der Justiz und für Europa

Herr Heinz MAURUSBevollmächtigter des Landes Schleswig-Holstein beim Bund, Staatssekretär

Frau Martina MICHELS MdLMitglied des Abgeordnetenhauses von Berlin

Frau Emilia MÜLLERBayerische Staatsministerin für Bundes- und Europaangelegenheiten

Herr Peter MÜLLER MdLMinisterpräsident des Saarlandes

Herr Dr. Holger POPPENHAEGERJustizminister des Freistaates Thüringen

Prof. Dr. Wolfgang REINHART MdLMitglied des Landtags von Baden-Württemberg

Dr. hc. Petra ROTHOberbürgermeisterin der Stadt Frankfurt am Main

Dr. Michael SCHNEIDERStaatssekretär, Bevollmächtigter des Landes Sachsen-Anhalt beim Bund

Herr Hans-Josef VOGELBürgermeister der Stadt Arnsberg

Mr. Väino HALLIKMÄGIMember of Pärnu City Council

Mr. Kaido KAASIKMayor of Valjala Rural Municipality Government

Mr. Teet KALLASVEEMember of Haapsalu City Council

Mr. Kurmet MÜÜRSEPPMember of Antsla Rural Municipality Council

Mr. Jüri PIHLVice- Mayor of Tallinn City Government

Mr. Uno SILBERGMember of Kose Rural Municipality Council

Mr. Toomas VITSUTChairman of Tallinn City Council

Θεόδωρος ΓΚΟΤΣΟΠΟΥΛΟΣΔημοτικός Σύμβουλος Παλλήνης Αττικής

Γρηγόριος ΖΑΦΕΙΡΟΠΟΥΛΟΣΔήμαρχος Χαλανδρίου Αττικής

Νικήτας ΚΑΚΛΑΜΑΝΗΣΔήμαρχος Αθηναίων

Γεώργιος ΠΑΠΑΣΤΕΡΓΙΟΥΝομάρχης Πιερίας

Ιωάννης ΣΓΟΥΡΟΣΝομάρχης Αθηνών

Κωνσταντίνος ΣΙΜΙΤΣΗΣΔήμαρχος Καβάλας

Ευαγγελία ΣΧΟΙΝΑΡΑΚΗ-ΗΛΙΑΚΗΝομάρχης Ηρακλείου Κρήτης

Κωνσταντίνος ΤΑΤΣΗΣΠρόεδρος Διευρυμένης Ν.Α. Ξάνθης-Δράμας-Καβάλας

Κωνσταντίνος ΤΖΑΤΖΑΝΗΣΝομαρχιακός Σύμβουλος Πειραιά

Δημήτριος ΤΣΙΓΚΟΥΝΗΣΔήμαρχος Λεωνιδίου Αρκαδίας

Ανδρέας ΦΟΥΡΑΣΔήμαρχος Πατρέων

Παναγιώτης ΨΩΜΙΑΔΗΣΝομάρχης Θεσσαλονίκης

D.aEsperanza AGUIRRE GIL DE BIEDMAPresidenta de la Comunidad Autónoma de Madrid

D. Vicente Alberto ÁLVAREZ ARECESPresidente de la Comunidad Autónoma del Principado de Asturias

D. Francesc ANTICH OLIVERPresidente de la Comunidad Autónoma de Illes Balears

D.aRita BARBERÁ NOLLAAlcaldesa de Valencia

D. José María BARREDA FONTESPresidente de la Comunidad Autónoma de Castilla-La Mancha

D. Francisco CAMPS ORTIZPresidente de la Comunitat Valenciana.

D. Pedro CASTRO VÁZQUEZAlcalde de Getafe

D. Guillermo FERNÁNDEZ VARAPresidente de la Junta de Extremadura

D.aDolores GOROSTIAGA SAIZVicepresidenta de la Comunidad Autónoma de Cantabria y Consejera de Empleo y Bienestar Social

D. Jose Antonio GRIÑÁN MARTÍNEZPresidente de la Junta de Andalucía

D. Jordi HEREU I BOHERAlcalde de Barcelona

D. Juan Vicente HERRERA CAMPOPresidente de la Comunidad Autónoma de Castilla y León

D. Marcelino IGLESIAS RICOUPresidente del Gobierno de Aragón

D. Francisco Javier LOPEZ ALVAREZLehendakari del Gobierno Vasco

D. José MONTILLA AGUILERAPresidente de la Generalitat de Catalunya

D. Alberto NÚÑEZ FEIJÓOPresidente de la Xunta de Galicia

D. Paulino RIVERO BAUTEPresidente del Gobierno de Canarias

D. Alberto RUIZ-GALLARDÓN JIMÉNEZMandato: Alcalde de Madrid

D. Pedro María SANZ ALONSOPresidente del Gobierno de La Rioja

D. Miguel SANZ SESMAPresidente del Gobierno de Navarra

D. Ramón Luis VALCÁRCEL SISOPresidente de la Comunidad Autónoma de la Región de Murcia

M. Jacques BLANCMaire de La Canourgue

Mme Danièle BOEGLINPremière Vice-présidente du Conseil général de l'Aube

M. Jean-Paul BOREPremier Vice-président du Conseil régional du Languedoc-Roussillon

M. Bruno BOURG-BROCMaire de Châlons en Champagne

Mme. Claudette BRUNET-LECHENAULTVice-présidente du Conseil général de Saône et Loire

M. François COMMEINHESMaire de Sète

M. Michel DELEBARREMaire de Dunkerque

M. Jean-Louis DESTANSPrésident du Conseil général de l'Eure

Mme Claude du GRANRUTConseillère régionale de Picardie

M. Pierre HUGONVice-président du Conseil général de la Lozère

M. Jean-Louis JOSEPHMaire de la Bastidonne

Mme Anne-Marie KEISERVice-présidente du Conseil général de Gironde

M. Jean-Yves LE DRIANPrésident du Conseil régional de Bretagne

M. Alain LE VERNPrésident du Conseil régional de Haute-Normandie

M. Pierre MAILLEPrésident du Conseil général du Finistère

M. Daniel PERCHERONPrésident du Conseil régional du Nord-Pas-de-Calais

M. Jean-Vincent PLACEConseiller régional de l'Ile-de-France

M. Jean PRORIOLConseiller régional d'Auvergne

M. Camille de ROCCA SERRAPrésident de l'Assemblée de Corse

M. Christophe ROUILLONMaire de Coulaines

M. Alain ROUSSETPrésident du Conseil régional d'Aquitaine

M. Ange SANTINIPrésident du Conseil exécutif de la Collectivité Territoriale de Corse

M. René SOUCHONPrésident du Conseil régional d'Auvergne

M. Bernard SOULAGEPremier Vice-président du Conseil régional de Rhône-Alpes

Sig. Antonio BASSOLINOPresidente della Regione Campania

Sig.ra Mercedes BRESSOPresidente della Regione Piemonte

Sig. Claudio BURLANDOPresidente della Regione Liguria

Sig. Ugo CAPPELLACCIPresidente della Regione Sardegna

Sig. Giuseppe CASTIGLIONEPresidente della Provincia di Catania

Sig. Luciano CAVERIConsigliere regionale della Regione Valle d'Aosta

Sig. Sergio CHIAMPARINOSindaco del Comune di Torino

Sig. Giovanni CHIODIPresidente della Regione Abruzzo

Sig.ra Maria Luisa COPPOLAAssessore e Consigliere regionale della Regione Veneto

Sig. Luis DURNWALDERConsigliere regionale/Presidente Provincia autonoma di Bolzano

Sig. Giorgio GRANELLOSindaco del Comune di Ponzano Veneto

Sig. Agazio LOIEROPresidente della Regione Calabria

Sig. Claudio MARTINIPresidente della Regione Toscana

Sig.ra Sonia MASINIPresidente della Provincia di Reggio Emilia

Sig. Graziano MILIAPresidente della Provincia di Cagliari

Sig. Francesco MUSOTTODeputato dell'Assemblea Regionale Siciliana

Sig. Roberto PELLAConsigliere del Comune di Valdengo

Sig. Massimo PINESCHIConsigliere della Regione Lazio

Sig. Savino Antonio SANTARELLASindaco del Comune di Candela

Sig. Vito SANTARSIEROSindaco del Comune di Potenza

Sig. Gian Mario SPACCAPresidente della Regione Marche

Sig. Nicola VENDOLAPresidente della Regione Puglia

Sig. Riccardo VENTREConsigliere del Comune di Caserta

Sig.ra Marta VINCENZISindaco del Comune di Genova

Γεώργιος ΓΕΩΡΓΙΟΥΔήμαρχος Κάτω Πολεμιδιών

Σάββας ΗΛΙΟΦΩΤΟΥΔήμαρχος Στροβόλου

Χριστόδουλος Κώστα ΚΑΤΤΙΡΤΖΗΠρόεδρος Κοινοτικού Συμβουλίου Κάτω Ζώδιας

Ελένη ΛΟΥΚΑΪΔΟΥΔημοτικός Σύμβουλος Λευκωσίας

Χρίστος ΜΕΣΗΣΔήμαρχος Μέσα Γειτονιάς

Ευγένιος ΜΙΧΑΗΛΠρόεδρος Κοινοτικού Συμβουλίου Ομόδους

Andris JAUNSLEINISLatvijas Pašvaldību savienības priekšsēdis

Guntars KRIEVIŅŠLiepājas pilsētas domes deputāts

Aleksandrs LIELMEŽSMālpils novada domes priekšsēdētājs

Jānis NEIMANISGrobiņas novada domes priekšsēdētāja vietnieks

Indra RASSASaldus novada domes priekšsēdētāja

Leonīds SALCEVIČSJēkabpils pilsētas domes priekšsēdētājs

Ainārs ŠLESERSRīgas domes priekšsēdētāja vietnieks

Arnoldas ABRAMAVIČIUSZarasų rajono savivaldybės tarybos narys (meras)

Vytas APUTISKazlų rūdos savivaldybės tarybos narys

Andrius KUPČINSKASKauno miesto savivaldybės tarybos narys (meras)

Virginijus KOMSKISPagėgių savivaldybės tarybos narys (meras)

Ričardas MALINAUSKASDruskininkų savivaldybės tarybos narys (meras)

Daiva MATONIENĖŠiaulių miesto savivaldybės tarybos narė (mero pavaduotoja)

Gediminas PAVIRŽISVilniaus rajono savivaldybės tarybos narys

Povilas ŽAGUNISPanevėžio rajono savivaldybės tarybos narys (meras)

Odeta ŽERLAUSKIENĖSkuodo rajono savivaldybės tarybos narė (mero pavaduotoja)

Mme Simone BEISSELEchevin de la Ville de Luxembourg

Mme Agnès DURDUMembre du conseil communal de Wincrange

M. Dan KERSCHBourgmestre de la commune de Mondercange

M. Albert LENTZEchevin de la commune de Mersch

M. Paul-Henri MEYERSMembre du conseil communal de Luxembourg

M. Marc SCHAEFERMembre du conseil communal de Vianden

Ferenc BENKŐTiszaladány község polgármestere

Gábor BIHARYBudapest Főváros Közgyűlésének tagja

György GÉMESI dr.Gödöllő város polgármestere

György IPKOVICH dr.Szombathely Megyei Jogú Város polgármestere

Attila JÓSZAISzigetszentmiklós város képviselő-testületének tagja

Csaba MOLNÁR dr.Győr-Moson-Sopron Megyei Közgyűlés tagja

Sándor NAGYKistelek város polgármestere

József RIBÁNYITamási város polgármestere

István SÉRTŐ-RADICS dr.Uszka község polgármestere

Gyula SZABÓHeves Megyei Közgyűlés tagja

András SZALAY dr.Veszprém Megyei Jogú Város Közgyűlésének tagja

Zoltán VARGABékés Megyei Közgyűlés tagja

Ms. Claudette ABELA BALDACCHINODeputy Mayor of Qrendi

Dr. Samuel AZZOPARDIMayor of Victoria, Gozo

Mr. Michael COHENMayor of Kalkara

Mr. Joseph CORDINAMayor of Xagħra, Gozo

Dr. Malcolm MIFSUDMayor of Pietà

Dhr A. (Ahmed) ABOUTALEBBurgemeester(mayor) of the city of Rotterdam

Dhr J.H. (Rob) BATSGedeputeerde(member of the Executive Council) of the Province of Drenthe

Dhr D. (Dick) BUURSINKGedeputeerde(member of the Executive Council) of the Province of Overijssel

Mevr. H.M.C. (Lenie) DWARSHUIS – VAN DE BEEKGedeputeerde(member of the Executive Council) of the Province of Zuid-Holland

Dhr L.J.P.M. (Léon) FRISSENCommissaris van de Koningin(Governor: chair of the Council and of the Executive Council) of the Province of Limburg

Mevr. A. (Annemarie) JORRITSMA-LEBBINKBurgemeester(mayor) of the city of Almere

Mevr. R. (Rinske) KRUISINGAGedeputeerde(member of the Executive Council) of the Province of Noord-Holland

Dhr C.H.J. (Cor) LAMERSBurgemeester(mayor) of the municipality of Houten

Mevr. K.M.H. (Karla) PEIJSCommissaris van de Koningin(Governor: chair of the council and of the executive council) of the province of Zeeland

Dhr A.G.J.M. (Ton) ROMBOUTSBurgemeester(mayor) of the city of 's Hertogenbosch

Dhr G.A.A. (Bas) VERKERKBurgemeester(mayor) of the city of Delft

Mevr. L.M.B.C. (Luzette) WAGENAAR-KROONWethouder(alderman: member of the executive council) of the municipality of Drechterland

Herr Gerhard DÖRFLERLandeshauptmann von Kärnten

Dr. Michael HÄUPLBürgermeister und Landeshauptmann von Wien

Herr Erwin MOHRMitglied des Gemeinderats von Wolfurt

Herr Hans NIESSLLandeshauptmann von Burgenland

Herr Johannes PEINSTEINERBürgermeister von St. Wolfgang im Salzkammergut

Dr. Erwin PRÖLLLandeshauptmann von Niederösterreich

Dr. Josef PÜHRINGERLandeshauptmann von Oberösterreich

Dr. Herbert SAUSGRUBERLandeshauptmann von Vorarlberg

Dr. Heinz SCHADENBürgermeister der Stadt Salzburg

Dr. Franz SCHAUSBERGERBeauftragter des Landes Salzburg für den Ausschuss der Regionen

DDr. Herwig VAN STAAPräsident des Landtags von Tirol

Mag. Franz VOVESLandeshauptmann der Steiermark

Jacek CZERNIAKPrzewodniczący Sejmiku Województwa Lubelskiego

Konstanty DOMBROWICZPrezydent Miasta Bydgoszcz

Marcin JABŁOŃSKIMarszałek Województwa Lubuskiego

Adam JARUBASMarszałek Województwa Świętokrzyskiego

Lech JAWORSKIRadny m.st. Warszawy

Maciej KOBYLIŃSKIPrezydent Miasta Słupsk

Jan KOZŁOWSKIMarszałek Województwa Pomorskiego

Witold KROCHMALBurmistrz Miasta i Gminy Wołów

Jerzy KROPIWNICKIPrezydent Miasta Łodzi

Marek NAWARAMarszałek Województwa Małopolskiego

Jacek PROTASMarszałek Województwa Warmińsko-Mazurskiego

Józef SEBESTAMarszałek Województwa Opolskiego

Adam STRUZIKMarszałek Województwa Mazowieckiego

Bogusław ŚMIGIELSKIMarszałek Województwa Śląskiego

Stanisław SZWABSKIPrzewodniczący Rady Miasta Gdynia

Leszek ŚWIĘTALSKIWójt Gminy Stare Bogaczowice

Marek TRAMŚStarosta Polkowicki

Ludwik WĘGRZYNRadny Powiatu Bocheńskiego

Marek WOŹNIAKMarszałek Województwa Wielkopolskiego

Tadeusz WRONAPrezydent Miasta Częstochowa

Jerzy ZAJĄKAŁAWójt Gminy Łubianka

Exmo. Sr. Manuel Joaquim BARATA FREXESPresidente da Câmara Municipal do Fundão

Exmo. Sr. Alberto João CARDOSO GONÇALVES JARDIMPresidente do Governo Regional da Madeira

Exmo. Sr. José Macário Custódio CORREIAPresidente da Câmara Municipal de Faro

Exmo. Sr. Rui Fernando DA SILVA RIOPresidente da Câmara Municipal do Porto

Exmo. Sr. Fernando DE CARVALHO RUASPresidente da Câmara Municipal de Viseu

Exmo. Sr. Carlos Manuel MARTINS DO VALE CÉSARPresidente do Governo Regional dos Açores

Exmo. Sr. José Luís PEREIRA CARNEIROPresidente da Câmara Municipal de Baião

Exmo. Sr. Carlos Alberto PINTOPresidente da Câmara Municipal da Covilhã

Exmo. Sr. Joaquim Moreira RAPOSOPresidente da Câmara Municipal da Amadora

Exmo. Sr. Carlos Manuel RODRIGUES PINTO DE SÁPresidente da Câmara Municipal de Montemor-o-Novo

Exmo. Sr. António Luís SANTOS DA COSTAPresidente da Câmara Municipal de Lisboa

Exmo. Sr. Francisco SOARES MESQUITA MACHADOPresidente da Câmara Municipal de Braga

Dl Cristian ANGHELPrimarul municipiului Baia Mare, județul Maramureș

Dl Decebal ARNĂUTUPrimarul orașului Târgu Neamț, județul Neamț

Dl Mircea COSMAPreședintele Consiliului Județean Prahova

Dl Emil DRĂGHICIPrimarul comunei Vulcana Băi, județul Dâmbovița

Dl Gheorghe FALCĂPrimarul municipiului Arad, județul Arad

Dl Răducu George FILIPESCUPreședintele Consiliului Județean Călărași

Dna Veronica IONIȚĂPrimarul comunei Gorgota, județul Prahova

Dna Edita Emöke LOKODIPreședintele Consiliului Județean Mureș

Dl Alin Adrian NICAPrimarul comunei Dudeștii Noi, județul Timiș

Dl Constantin OSTAFICIUCPreședintele Consiliului Județean Timiș

Dl Tudor PENDIUCPrimarul municipiului Pitești, județul Argeș

Dl Ion PRIOTEASAPreședintele Consiliului Județean Dolj

Dl Emil PROȘCANPrimarul orașului Mizil, județul Prahova

Dl Vasile SAVAPrimarul orașului Țăndărei, județul Ialomița

Dl Gheorghe Bunea STANCUPreședintele Consiliului Județean Brăila

Mr Aleš ČERINPodžupan Mestne občine Ljubljana

Ms Irena MAJCENŽupanja Občine Slovenska Bistrica

Mr Franci ROKAVECŽupan Občine Litija

Mr Anton Tone SMOLNIKARŽupan Občine Kamnik

Mr Robert SMRDELJŽupan Občine Pivka

Ms Jasmina VIDMARČlanica mestnega sveta Mestne občine Maribor

Mr Franci VOVKŽupan Občine Dolenjske Toplice

Pán Milan BELICAPredseda Nitrianskeho samosprávneho kraja

Pán Juraj BLANÁRPredseda Žilinského samosprávneho kraja

Pán Andrej ĎURKOVSKÝPrimátor hl. mesta Bratislava

Pán Peter CHUDÍKPredseda Prešovského samosprávneho kraja

Pán František KNAPÍKPrimátor mesta Košice

Pán Ján ORAVECPrimátor mesta Štúrovo

Pán Pavol SEDLÁČEKPredseda Trenčianskeho samosprávneho kraja

Pán Zdenko TREBUĽAPredseda Košického samosprávneho kraja

Pán István ZACHARIÁŠPrimátor mesta Moldava nad Bodvou

Pauliina HAIJANENLaitilan kaupunginvaltuuston jäsen

Sirpa HERTELLEspoon kaupunginvaltuuston jäsen

Anne KARJALAINENKeravan kaupunginvaltuuston jäsen

Veikko KUMPUMÄKIKemin kaupunginvaltuuston jäsen

Antti LIIKKANENRovaniemen kaupunginvaltuuston jäsen

Markku MARKKULAEspoon kaupunginvaltuuston jäsen

Ossi MARTIKAINENLapinlahden kunnanvaltuuston jäsen

Folke SJÖLUNDAhvenanmaan maakuntapäivien jäsen

Satu TIETARISäkylän kunnanvaltuuston jäsen

Mr Uno ALDEGRENLedamot i regionfullmäktige, Skåne läns landsting

Ms Kristina ALVENDALLedamot i kommunfullmäktige, Stockholms kommun

Ms Lotta HÅKANSSON HARJULedamot av kommunfullmäktige, Järfälla kommun

Mr Kent JOHANSSONLedamot i regionfullmäktige, Västra Götalands läns landsting

Mr Anders KNAPELedamot i kommunfullmäktige, Karlstads kommun

Mr Paul LINDQUISTLedamot i kommunfullmäktige, Lidingö kommun

Ms Monalisa NORRMANLedamot i landstingsfullmäktige, Jämtlands läns landsting

Mr Ilmar REEPALULedamot i kommunfullmäktige, Malmö kommun

Ms Yoomi RENSTRÖMLedamot av kommunfullmäktige, Ovanåkers kommun

Ms Catarina SEGERSTEN-LARSSONLedamot i landstingsfullmäktige, Värmlands läns landsting

Ms Annelie STARKLedamot i regionfullmäktige, Västra Götalands läns landsting

Ms Maria WALLHAGER NECKMANLedamot av landstingsfullmäktige, Stockholms läns landsting

Cllr Doris ANSARIMember of Cornwall Council

Cllr Jonathan BELLMember of Ards Borough Council

Cllr Sir Albert BOREMember of Birmingham City Council

Cllr Robert BRIGHTMember of Newport City Council

Cllr Amanda BYRNEMember of Calderdale Metropolitan Borough Council

Christine CHAPMAN AMMember of the National Assembly for Wales

Cllr Flo CLUCASMember of Liverpool City Council

Sir Simon DAYMember of Devon County Council

Cllr Roger EVANS AMMember of the Greater London Assembly

Cllr Linda GILLHAMMember of Runneymede Borough Council

Cllr Gordon KEYMER CBEMember of Tandridge District Council

Cllr Roger KNOXMember of East Lothian Council

Cllr Iain MALCOLMMember of South Tyneside Metropolitan Borough Council

Mr Stewart MAXWELL MSPMember of the Scottish Parliament

Cllr Corrie MCCHORDMember of Stirling

Francie MOLLOY MLAMember of the Northern Ireland Assembly

Ms Irene OLDFATHER MSPMember of the Scottish Parliament

Cllr David PARSONSMember of Leicestershire County Council

Cllr Judith PEARCEMember of Wychavon District Council

Cllr David SIMMONDSMember of London Borough of Hillingdon

Cllr Neil SWANNICKMember of Manchester City Council

Cllr the Lord (Graham) TOPE CBEMember of the London Borough of Sutton

Cllr Kay TWITCHENMember of Essex County Council

Cllr Dave WILCOXMember of Derbyshire County Council

De heer Ludwig CALUWÉVlaams volksvertegenwoordiger

Monsieur Emmanuel DISABATOMembre du Parlement wallon

De heer Marc HENDRICKXVlaams volksvertegenwoordiger

Monsieur Alain HUTCHINSONMembre du Parlement de la Région de Bruxelles-Capitale

Monsieur Michel de LAMOTTEMembre du Parlement de la Communauté française

Mevrouw Fientje MOERMANVlaams volksvertegenwoordiger

Mevrouw Fatma PEHLIVANVlaams volksvertegenwoordiger

Monsieur Yaron PESZTATMembre du Parlement de la Région de Bruxelles-Capitale

Mevrouw Sabine POLEYNVlaams volksvertegenwoordiger

De heer Luckas VAN DER TAELENVlaams volksvertegenwoordiger

De heer Jean-Luc VANRAESMinister van de Brusselse Hoofdstedelijke Regering

Madame Olga ZRIHENMembre du Parlement wallon

Mr. Ahmed AHMEDOVMayor, Municipality of Tsar Kaloyan

Mr. Ivo ANDONOVMayor, Municipality of Silistra

Mr. Ivan ASPARUHOVMayor, Municipality of Mezdra

Mr. Stanislav BLAGOVMayor, Municipality of Svishtov

Ms. Shukran IDRIZMayor, Municipality of Kirkovo

Mr. Krasimir KOSTOVMayor, Municipality of Shumen

Ms. Malina LAZAROVAMunicipal Councilor, Municipality of Sofia

Mr. Veselin LICHEVMayor, Municipality of Sopot

Mr. Rumen RASHEVMayor, Municipality of Veliko Tarnovo

Mr. Emil NAYDENOVMayor, Municipality of Gorna Malina

Mr. Svetlin TANCHEVMayor, Municipality of Stara Zagora

Mr. Nayden ZELENOGORSKIMayor, Municipality of Pleven

Pan Jiří BĚHOUNEKHejtman kraje Vysočina

Bc. Jana ČERMÁKOVÁMístostarostka obce Proboštov

Ing. Ivana ČERVINKOVÁStarostka města Kostelec n. Orlicí

Mgr. Tomáš CHALUPAStarosta městské části Praha 6

Paní Milada EMMEROVÁHejtmanka Plzeňského kraje

Pan Lubomír FRANCHejtman Královéhradeckého kraje

Ing. Sylva KOVÁČIKOVÁStarostka města Bílovec

Pan Radko MARTÍNEKHejtman Pardubického kraje

Pan Stanislav MIŠÁKHejtman Zlínského kraje

Pan David RATHHejtman Středočeského kraje

Pan Martin TESAŘÍKHejtman Olomouckého kraje

Mgr. Tomáš ÚLEHLARadní města Zlín

Hr. Bo ANDERSENByrådsmedlem

Hr. Jan BOYEByrådsmedlem

Hr. Bent HANSENRegionrådsformand og Formand for Danske Regioner

Hr. Carl HOLSTRegionsrådsformand

Hr. Bent LARSENRegionrådsmedlem

Fru Jane Findahl LINDSKOVByrådsmedlem

Hr. Erik Bent NIELSENBorgmester

Hr. Simon Mønsted STRANGEByrådsmedlem

Hr. Johnny SØTRUPBorgmester

Herr Dietmar BROCKES MdLMitglied des Landtages von Nordrhein-Westfalen

Frau Hella DUNGER-LÖPERStaatssekretärin für Stadtentwicklung des Landes Berlin,

Herr Rolf FISCHER MdLMitglied des Landtages von Schleswig-Holstein

Herr Michael GWOSDZ MdLMitglied der Hamburgischen Bürgerschaft (Landtag)

Herr Heinz-Joachim HÖFERBürgermeister der Stadt Altenkirchen

Herr Wilhelm HOGREFE MdLMitglied des Landtages von Niedersachsen

Herr Dr. Ekkehard KLUGMinister für Bildung und Kultur des Landes Schleswig-Holstein,

Frau Jacqueline KRAEGEStaatssekretärin im Ministerium für Umwelt, Forsten und Verbraucherschutz des Landes Rheinland-Pfalz

Dr. Hermann KUHN MdBBMitglied der Bremischen Bürgerschaft (Landtag)

Herr Clemens LINDEMANNLandrat des Saarpfalz-Kreises

Prof. Ursula MÄNNLE MdLMitglied des Bayerischen Landtags

Frau Nicole MORSBLECH MdLMitglied des Landtages Rheinland-Pfalz

Frau Dagmar MÜHLENFELDOberbürgermeisterin der Stadt Mülheim an der Ruhr

Herr Detlef MÜLLER MdLMitglied des Landtages Mecklenburg-Vorpommern

Herr Manfred RICHTER MdLMitglied des Landtags von Brandenburg

Dr. Michael REUTER MdLMitglied des Hessischen Landtages

Herr Peter SCHOWTKA MdLMitglied des Sächsischen Landtags

Herr Peter STRAUB MdLPräsident des Landtags von Baden-Württemberg

Herr Tilman TÖGEL MdLMitglied des Landtages von Sachsen-Anhalt

Herr Stephan TOSCANI MdLMitglied des Landtages des Saarlandes

Herr Mark WEINMEISTERStaatssekretär im hessischen Ministerium für Umwelt, Energie, Landwirtschaft und Verbraucherschutz

Herr Roland WERNERStaatssekretär im sächsischen Ministerium für Wirtschaft und Arbeit,

Herr Frank ZIMMERMANN MdLMitglied des Abgeordnetenhauses von Berlin

Ms. Urve ERIKSONChairperson of Tudulinna Rural Municipality Council

Mr. Juri GOTMANSMember of Sõmerpalu Rural Municipality Council

Mr. Andres JAADLAVice- Chairman of Rakvere City Council

Ms. Saima KALEVMember of Jõgeva Rural Municipality Council

Ms. Kersti KÕOSAARMember of Võru City Council

Mrs. Kersti SARAPUUMayor of Paide City Government

Ms. Kadri TILLEMANNMayor of Keila Rural Municipality Government

ΔΡΑΚΟΣ ΔημήτριοςΝομάρχης Μεσσηνίας

ΚΑΛΟΓΕΡΟΠΟΥΛΟΣ ΔημήτριοςΔήμαρχος Αιγάλεω Αττικής

ΚΑΤΣΑΡΟΣ ΛουκάςΝομάρχης Λάρισας

ΚΛΑΠΑΣ ΜιλτιάδηςΔήμαρχος Πρέβεζας

ΚΟΝΤΟΓΙΩΡΓΟΣ ΚωνσταντίνοςΝομάρχης Ευρυτανίας

ΚΟΤΡΟΝΙΑΣ ΓεώργιοςΔήμαρχος Λαμιέων

ΚΟΥΡΑΚΗΣ ΙωάννηςΔήμαρχος Ηρακλείου Κρήτης

ΛΑΜΠΡΙΝΟΥΔΗΣ ΠολύδωροςΝομάρχης Χίου

ΜΑΧΑΙΡΙΔΗΣ ΙωάννηςΝομάρχης Δωδεκανήσου

ΟΙΚΟΝΟΜΙΔΗΣ ΠαναγιώτηςΔήμαρχος Άρτας

ΠΡΕΒΕΖΑΝΟΣ ΔημήτριοςΔημοτικός Σύμβουλος Δήμου Σκιάθου Νομού Μαγνησίας

ΣΠΥΡΙΔΩΝ ΣπύροςΝομαρχιακός Σύμβουλος Αθηνών — Πειραιώς

D. Gabriel AMER AMERDelegado del Gobierno de las Illes Balears en Bruselas

DaMaría Luisa ARAÚJO CHAMORROVicepresidenta de la Junta de Comunidades de Castilla-La Mancha y Consejera de Economía y Hacienda

D.aElsa María CASAS CABELLOComisionada de Acción Exterior del Gobierno de Canarias

D. Alberto CATALÁN HIGUERASConsejero de Educación, y de Relaciones Institucionales y Portavoz del Gobierno de Navarra

DaMaría DE DIEGO DURÁNTEZDirectora General de Relaciones Institucionales y Acción Exterior de la Comunidad Autónoma de Castilla y León

D. Francisco DE LA TORRE PRADOAlcalde de Málaga

D. Emilio DEL RÍO SANZConsejero de Presidencia del Gobierno de La Rioja

D. Guillermo ECHENIQUE GONZÁLEZSecretario General de Acción Exterior del Gobierno vasco

Da. Paz FERNÁNDEZ FELGUEROSOAlcaldesa de Gijón

D. Jesús María GAMALLO ALLERDirector General de Relaciones Exteriores y con la Unión Europea de la Xunta de Galicia

D. Alberto GARCIA CERVIÑODirector General de Asuntos Europeos y Cooperación al Desarrollo de la Comunidad Autónoma de Cantabria

D. Antonio GONZÁLEZ TEROLDirector General de Asuntos Europeos y Cooperación con el Estado de la Comunidad Autónoma de Madrid

D. Francisco Javier LEÓN DE LA RIVAAlcalde de Valladolid

D. Miguel LUCENA BARRANQUEROSecretario General de Acción Exterior de la Junta de Andalucía

D.aLucía MARTÍN DOMÍNGUEZDirectora General de Acción exterior de la Junta de Extremadura

D.aEsther MONTERRUBIO VILLARComisionada para las Relaciones Exteriores del Gabinete de la Presidencia del Gobierno de Aragón

D. Juan Antonio MORALES RODRÍGUEZDirector General de Relaciones Institucionales y Acción Exterior de la Comunidad Autónoma de la Región de Murcia

D. Andrés OCAÑA RABADÁNAlcalde de Córdoba

D. Rafael RIPOLL NAVARROSecretario Autonómico de Cohesión Territorial, de Relaciones con el Estado y con la Unión Europea de la Comunitat Valenciana

D.aAnna TERRÓN CUSÍSecretaria para la Unión Europea de la Generalitat de Catalunya

D. Javier VELASCO MANCEBODirector de la Oficina de Representación del Principado de Asturias en Bruselas

M. Jacques AUXIETTEPrésident du Conseil régional des Pays-de-la-Loire

M. Jean-Paul BACHYPrésident du Conseil régional de Champagne-Ardenne

M. Pierre BERTRANDVice-président du Conseil général du Bas-Rhin

M. Philippe BODARDMaire de Mûrs-Erigné

Mme Martine CALDEROLI-LOTZConseillère régionale d’Alsace

Mme Anne-Marie COMPARINIConseillère régionale de Rhône-Alpes

M. Jean-Michel DACLINAdjoint au maire de Lyon

Mme Nassimah DINDARPrésident du Conseil général de l’Ile de La Réunion

Mme Rose-Marie FALQUEMaire d’Azerailles

M. Jean-Jacques FRITZConseiller régional d'Alsace

M. Claude GEWERCPrésident du Conseil régional de Picardie

Mme Arlette GROSSKOSTVice-présidente du Conseil régional d’Alsace

M. Antoine KARAMPrésident du Conseil régional de Guyane

Mme Mireille LACOMBEConseillère générale du Puy-de-Dôme

Mme Claudine LEDOUXMaire de Charleville-Mézières

M. Martin MALVYPrésident du Conseil régional Midi-Pyrénées

M. Didier MARIEPrésident du Conseil général de Seine-Maritime

M. Michel NEUGNOTConseiller régional de Bourgogne

M. Yves PAGESMaire de Saint-Georges

Mme Rachel PAILLARDMaire de Bouzy

Mme Gisèle STIEVENARDVice présidente du Conseil général de Paris

Mme Elisabeth THEVENON-DURANTINConseillère régionale d’Auvergne

M. Jean-Louis TOURENNEPrésident du Conseil général d’Ille-et-Vilaine

M. Michel VAUZELLEPrésident du Conseil régional Provence-Alpes-Côte-D’azur

Sig. Alvaro ANCISIConsigliere del Comune di Ravenna

Sig. Roberto BOMBARDAConsigliere regionale e provinciale della Provincia autonoma di Trento

Sig.ra Barbara BONINOConsigliere della Provincia di Torino

Sig.ra Carmela CASILEConsigliere del Comune di Giaveno

Sig. Francesco CHIUCCHIURLOTTOConsigliere del Comune di Castiglione in Teverina

Sig. Vito DE FILIPPOPresidente della Regione Basilicata

Sig. Francesco DE MICHELIConsigliere del Comune di Roma

Sig. Mario Sisto FERRANTEConsigliere della Provincia di Roma

Sig. Vincenzo LODOVISIConsigliere della Provincia di Rieti

Sig.ra Maria Rita LORENZETTIPresidente della Regione Umbria

Sig. Salvatore MANGIAFICOAssessore della Provincia di Siracusa

Sig. Matteo MAURIConsigliere della Provincia di Milano

Sig. Luigi MONTANAROSindaco del Comune di Ginosa

Sig.ra Maria Giuseppina MUZZARELLIVice Presidente e Assessore della Regione Emilia-Romagna

Sig. Umberto OPPUSSindaco del Comune di Mandas

Sig. Aristide PELIAssessore della Provincia di Brescia

Sig.ra Alessia ROSOLENConsigliere e Assessore della Regione Friuli Venezia Giulia

Sig.ra Federica SEGANTIAssessore della Regione Friuli Venezia Giulia

Sig. Fiorenzo SILVESTRIConsigliere della Provincia di Treviso

Sig. Sergio SOAVESindaco del Comune di Savigliano

Sig. Giuseppe VARACALLIConsigliere del Comune di Gerace

Sig. Gianfranco VITAGLIANOAssessore della Regione Molise

Sig. Angelo ZUBBANISindaco del Comune di Carrara

Sig. Sante ZUFFADAConsigliere regionale della Regione Lombardia

Χριστοφής ΑΝΤΩΝΙΟΥΠρόεδρος Κοινοτικού Συμβουλίου Επισκοπής

Δήμος ΓΙΑΓΚΟΥΠρόεδρος Κοινοτικού Συμβουλίου Αγίας Ειρήνης Κερύνειας

Ανδρέας ΜΩΥΣΕΩΣΔήμαρχος Λάρνακας, Αναπληρωτής

Χαράλαμπος ΠΙΤΤΑΣΔήμαρχος Μόρφου

Κώστας ΧΑΤΖΗΚΑΚΟΥΔημοτικός Σύμβουλος Αμμοχώστου

Κυριάκος ΧΑΤΖΗΤΤΟΦΗΣΔήμαρχος Αγίου Αθανασίου

Edvīns BARTKEVIČS k-gsOgres novada domes priekšsēdētājs

Inesis BOĶIS k-gsValmieras pilsētas domes priekšsēdētājs

Sergejs DOLGOPOLOVS k-gsRīgas domes Pilsētas attīstības komitejas priekšsēdētājs

Ligita GINTERE k-dzeJaunpils novada domes priekšsēdētāja

Nellija KLEINBERGA k-dzeSkrundas novada domes priekšsēdētāja

Jānis TRUPOVNIEKS k-gsBalvu novada domes priekšsēdētājs

Jānis VĪTOLIŅŠ k-gsVentspils pilsētas domes priekšsēdētāja pirmais vietnieks

Gintautas BABRAVIČIUSVilniaus miesto savivaldybės tarybos narys (mero pavaduotojas)

Algirdas BAGUŠINSKASVilkaviškio rajono savivaldybės tarybos narys (meras)

Donatas KAUBRYSTelšių rajono savivaldybės tarybos narys

Bronislovas LIUTKUSJonavos rajono savivaldybės tarybos narys (meras)

Robertas PIEČIATauragės rajono savivaldybės tarybos narys (meras)

Stasė SKUTULIENĖŠilutės rajono savivaldybės tarybos narė (mero pavaduotoja)

Viktor TROFIMOVPanevėžio regiono plėtros tarybos pirmininkas

Vytautas VIGELISŠvenčionių rajono savivaldybės tarybos narys (meras)

Algirdas VRUBLIAUSKASAlytaus rajono savivaldybės tarybos narys (meras)

M. Roby BIWERBourgmestre de la commune de Bettembourg

M. Yves CRUCHTENMembre du conseil communal de Bascharage

M. Fernand ETGENBourgmestre de la commune de Feulen

M. Gusty GRAASMembre du conseil communal de Bettembourg

Mme Martine MERGENMembre du conseil communal de Luxembourg

M. Gilles ROTHBourgmestre de la commune de Mamer

László BÁKONYI dr.Debrecen Megyei Jogú Város Közgyűlésének tagja

István BÓKA dr.Balatonfüred város polgármestere

Attila KISSHajdúböszörmény város polgármestere

Károlyné KOCSISDunapataj község képviselő-testületének tagja

Helga MIHÁLYIBorsod-Abaúj-Zemplén Megyei Közgyűlés tagja

Árpád MOLNÁR dr.Balatonszabadi község polgármestere

Zoltán NAGYKomárom város képviselő-testületének tagja

József PAIZSSzigetvár város polgármestere

Imre SZAKÁCS dr.Győr-Moson-Sopron Megyei Közgyűlés elnöke

Szilárd SZÉKELYSásd város polgármestere

Kata Zsuzsanna TÜTTŐBudapest Főváros Közgyűlésének tagja

László József VÉCSEYSzada község polgármestere

Ms. Doris BORGDeputy Mayor of Birkirkara

Mr. Ian BORGMayor of Dingli

Mr. Fredrick CUTAJARMayor of Santa Luċija

Mr. Paul FARRUGIAMayor of Tarxien

Mr. Noel FORMOSAMayor of San Lawrenz, Gozo

Dhr J. (Joop) BINNEKAMPGedeputeerde(member of the Executive Council) of the Province of Utrecht

Dhr M.J. (Job) COHENBurgemeester(mayor) of the city of Amsterdam

Mevr. A.C. (Rinda) DEN BESTENWethouder(alderman: member of the executive council) of the city of Utrecht

Dhr H. (Harry) DIJKSMAGedeputeerde(member of the Executive Council) of the Province of Flevoland

Mevr. E.L.M. (Ellie) FRANSSENWethouder(alderman: member of the executive council) of the city of Voerendaal

Dhr S.H. (Sjoerd) GALEMAGedeputeerde(member of the Executive Council) of the Province of Fryslân

Dhr M.J. (Martin) JAGERGedeputeerde(member of the Executive Council) of the Province of Groningen

Dhr H. (Hans) KOKBurgemeester(mayor) of the municipality of 't Hof van Twente

Dhr H.P.M. (Henk) KOOLWethouder(alderman: member of the executive council) of the city of Den Haag

Dhr H.B.I. (Rik) DE LANGEWethouder(alderman: member of the executive council) of the municipality of Zutphen

Dhr Prof. Dr. W.B.H.J. VAN DE DONKCommissaris van de Koningin(Governor: chair of the council and of the executive council) of the Province of Brabant

Dhr J.C. (Co) VERDAASGedeputeerde(member of the Executive Council) of the Province of Gelderland

Mag. Renate BRAUNERVizebürgermeisterin und Landeshauptmann-Stellvertreterin von Wien

Mag. Gabriele BURGSTALLERLandeshauptfrau von Salzburg

Frau Marianne FÜGLVizebürgermeisterin der Marktgemeinde Traisen

Herr Markus LINHARTBürgermeister von Bregenz

Dr. Josef MARTINZMitglied der Kärntner Landesregierung

Mag. Johanna MIKL-LEITNERMitglied der niederösterreichischen Landesregierung

Herr Günther PLATTERLandeshauptmann von Tirol

Herr Walter PRIORPräsident des Burgenländischen Landtags

Herr Hermann SCHÜTZENHÖFERErster Landeshauptmann-Stellvertreter der Steiermark

Herr Viktor SIGLMitglied der Landesregierung von Oberösterreich

Frau Elisabeth VITOUCHMitglied des Gemeinderates von Wien

Mag. Markus WALLNERStellvertreter des Landeshauptmannes von Vorarlberg

Adam BANASZAKRadny Sejmiku Województwa Kujawsko-Pomorskiego

Jan BRONŚBurmistrz Miasta Oleśnicy

Lech DYMARSKIPrzewodniczący Sejmiku Województwa Wielkopolskiego

Jan DZIUBIŃSKIPrezydent Miasta Tarnobrzeg

Robert GODEKStarosta Strzyżowski

Władysław HUSEJKOMarszałek Województwa Zachodniopomorskiego

Michał KARALUSStarosta Pleszewski

Marzena KEMPIŃSKAStarosta Świecki

Józef KOTYŚRadny Sejmiku Województwa Opolskiego

Tadeusz KOWALCZYKPrzewodniczący Sejmiku Województwa Świętokrzyskiego

Andrzej KUNTBurmistrz Miasta Kostrzyn nad Odrą

Lucjan KUŹNIARRadny Sejmiku Województwa Podkarpackiego

Mirosław LECHWójt Gminy Korycin

Andrzej MATUSIEWICZPrzewodniczący Sejmiku Województwa Podkarpackiego

Marek OLSZEWSKIWójt Gminy Lubicz

Ewa PANASIUKRadna Sejmiku Województwa Lubelskiego

Elżbieta RUSIELEWICZRadna Miasta Bydgoszcz

Czesław SOBIERAJSKIRadny Sejmiku Województwa Śląskiego

Robert SOSZYŃSKIPrzewodniczący Sejmiku Województwa Mazowieckiego

Tadeusz TRUSKOLASKIPrezydent Miasta Białegostoku

Dariusz WRÓBELBurmistrz Opola Lubelskiego

Exmo. Sr. Américo Jaime AFONSO PEREIRAPresidente da Câmara Municipal de Vinhais

Exmo. Sr. Vítor Manuel CHAVES DE CARO PROENÇAPresidente da Câmara Municipal de Santiago do Cacém

Exmo. Sr. João Carlos CUNHA E SILVAVice-presidente do Governo Regional da Madeira

Exmo. Sr. Joaquim Carlos DIAS VALENTEPresidente da Câmara Municipal da Guarda

Exmo. Sr. André Jorge DIONÍSIO BRADFORDSecretário Regional da presidência do Governo Regional dos Açores

Exmo. Sr. Álvaro DOS SANTOS AMAROPresidente da Câmara Municipal de Gouveia

Exma. Sr.aDaIsaura Maria ELIAS CRISÓSTOMO BERNARDINO MORAISPresidente da Câmara Municipal de Rio Maior

Exmo. Sr. António Manuel LEITÃO BORGESPresidente da Câmara Municipal de Resende

Exmo. Sr. Carlos Manuel MARTA GONÇALVESPresidente da Câmara Municipal de Tondela

Exmo. Sr. António Jorge NUNESPresidente da Câmara Municipal de Bragança

Exmo. Sr. Jaime Carlos Marta SOARESPresidente da Câmara Municipal de Vila Nova de Poiares

Exmo. Sr. Aníbal SOUSA REIS COELHO DA COSTAPresidente da Câmara Municipal de Ferreira do Alentejo

Dl Silvian CIUPERCĂPreședintele Consiliului Județean Ialomița

Dl Árpád Szabolcs CSEHIPreședintele Consiliului Județean Satu Mare

Dl Alexandru DRĂGANPrimarul comunei Tașca, Județul Neamț

Dl Liviu Nicolae DRAGNEAPreședintele Consiliului Județean Teleorman

Dl Dumitru ENACHEPrimarul comunei Stejaru, Județul Tulcea

Dl Péter FERENCPrimarul orașului Sovata, Județul Mureș

Dl Gheorghe FLUTURPreședintele Consiliului Județean Suceava

Dna Mariana MIRCEAPrimarul orașului Cernavodă, Județul Constanța

Dl Mircea Ioan MOLOȚPreședintele Consiliului Județean Hunedoara

Dl Mircia MUNTEANPrimarul municipiului Deva, Județul Hunedoara

Dl Gheorghe NICHITAPrimarul municipiului Iași, Județul Iași

Dl Marian OPRIȘANPreședintele Consiliului Județean Vrancea

Dl George SCRIPCARUPrimarul municipiului Brașov, Județul Brașov

Dl Adrian Ovidiu TEBANPrimarul orașului Cugir, Județul Alba

Dna Ioana TRIFOIPrimarul comunei Botiza, Județul Maramureș

Dr. Štefan ČELANŽupan Mestne Občine Ptuj

Ga. Darja DELAČ FELDAPodžupanja Občine Kočevje

G. Siniša GERMOVŠEKČlan občinskega sveta Občine Bovec

G. Branko LEDINEKŽupan Občine Rače-Fram

Mag. Jure MEGLIČPodžupan Občine Tržič

G. Blaž MILAVECŽupan Občine Sodražica

G. Anton ŠTIHECŽupan Mestne Občine Murska Sobota

Pán Ján BLCHÁČPrimátor mesta Liptovský Mikuláš

Pán Remo CICUTTOPrimátor mesta Piešťany

Pán Pavol FREŠOPredseda Bratislavského samosprávneho kraja

Pán Milan FTÁČNIKStarosta mestskej časti Bratislava-Petržalka

Pán Pavel HAGYARIPrimátor mesta Prešov

Pán Andrej HRNČIARPrimátor mesta Martin

Pani Božena KOVÁČOVÁStarostka obce Janova Lehota

Pán Tibor MIKUŠPredseda Trnavského samosprávneho kraja

Pán Jozef PETUŠÍKStarosta obce Dolný Lopašov

Markus AALTONENSeinäjoen kaupunginvaltuuston jäsen

Ilpo HAALISTONousiaisten kunnanvaltuuston jäsen

Mårten JOHANSSONRaaseporin kaupunginjohtaja

Petri KALMINurmijärven kunnanvaltuuston jäsen

Britt LUNDBERGAhvenanmaan maakuntahallituksen jäsen

Hannele LUUKKAINENHelsingin kaupunginvaltuuston jäsen

Riitta MYLLERJoensuun kaupunginvaltuuston jäsen

Miikka SEPPÄLÄTampereen kaupunginvaltuuston jäsen

Katja SORRIJyväskylän kaupunginvaltuuston jäsen

Mr Carl Fredrik GRAFLedamot av kommunfullmäktige, Halmstads kommun

Ms Susanna HABYLedamot av kommunfullmäktige, Göteborgs kommun

Mr Tore HULTLedamot av kommunfullmäktige, Alingsås kommun

Mr Bernth JOHNSONLedamot i landstingsfullmäktige, Blekinge läns landsting

Ms Ewa-May KARLSSONLedamot i kommunfullmäktige, Vindelns kommun

Ms Ewa LINDSTRANDLedamot i kommunfullmäktige, Timrå Kommun

Ms Agneta LIPKINLedamot av landstingsfullmäktige, Norrbottens läns landsting

Mr Kenth LÖVGRENLedamot av kommunfullmäktige, Gävle kommun

Mr Jens NILSSONLedamot i kommunfullmäktige, Östersunds kommun

Ms Ingela NYLUND WATZLedamot av landstingsfullmäktige, Stockholms läns landsting

Mr Rolf SÄLLRYDLedamot av landstingsfullmäktige, Kronobergs läns landsting

Mr Carl-Johan SONESSONLedamot av regionfullmäktige, Skåne läns landsting

Ms Jennette ARNOLD AMMember of the Greater London Assembly

Cllr Paula BAKERMember of Basingstoke and Deane Council

Cllr Sandra BARNESMember of South Northamptonshire

Mr Ted BROCKLEBANK MSPMember of the Scottish Parliament

Cllr Nilgun CANVERMember of London Borough of Haringey

John DALLAT MLAMember of the Northern Ireland Assembly

Cllr Graham GARVIEMember of Scottish Borders Council

Cllr Arnold HATCHMember of Craigavon Borough Council

Cllr Martin HEATLEYMember of Warwickshire County Council

Cllr Chris HOLLEYMember of the City and County of Swansea

Cllr Doreen HUDDARTMember of Newcastle City Council

Cllr Herbert MANLEYMember of Cheshire West and Chester Council

Cllr Alan MELTONMember of Cambridgeshire County Council

Cllr Peter MOOREMember of Sheffield City Council

Cllr Sandy PARKMember of the Highland Council

Cllr Kathy POLLARDMember of Suffolk County Council

Cllr Mary ROBINSONMember of Eden District Council

Cllr David SHAKESPEAREMember of Buckinghamshire County Council

Mr Nicol STEPHEN MSPMember of the Scottish Parliament

Cllr Roger STONEMember of Rotherham Metropolitan Borough Council

Cllr Ann STRIBLEYMember of Poole Borough Council

Cllr Sharon TAYLORMember of Stevenage Borough Council

Rhodri Glyn THOMAS AMMember of the National Assembly for Wales

Cllr Peter THOMPSONMember of the London Borough of Hounslow

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Articles 300(3) and 305 thereof, in conjunction with Article 8 of the Protocol on Transitional Provisions annexed to the Treaty on the Functioning of the European Union and the Treaty on European Union,

Having regard to the proposals made by each Member State,

(1) Article 300(3) of the Treaty on the Functioning of the European Union requires that members or alternate members of the Committee of the Regions, besides being representatives of regional or local bodies, ‘either hold a regional or local authority electoral mandate or are politically accountable to an elected assembly’,

(2) Article 305 of the Treaty on the Functioning of the European Union provides for the members of the Committee and an equal number of alternate members to be appointed by the Council for five years in accordance with the proposals made by each Member State,

(3) Article 8 of the Protocol on Transitional Provisions sets out the allocation of members of the Committee of the Regions,

(4) As the term of office of the members and alternate members of the Committee of the Regions is due to expire on 25 January 2010, new members and alternate members should be appointed to the Committee of the Regions.

(5) This appointment will be followed at a later date by the appointment of the other members and alternate members whose nominations have not been communicated to the Council before 14 December 2009,

HAS ADOPTED THIS DECISION:
Article 1

The following are hereby appointed to the Committee of the Regions for the period from 26 January 2010 to 25 January 2015:

—

as members, the persons listed by Member State in Annex I,

—

as alternate members, the persons listed by Member State in Annex II.
Article 2

This Decision shall be published in theOfficial Journal of the European Union.

It shall take enter into force on the date of its adoption.
THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Articles 300(3) and 305 thereof, in conjunction with Article 8 of the Protocol on Transitional Provisions annexed to the Treaty on the Functioning of the European Union and the Treaty on European Union,

Having regard to the proposals made by each Member State,

(1) Article 300(3) of the Treaty on the Functioning of the European Union requires that members or alternate members of the Committee of the Regions, besides being representatives of regional or local bodies, ‘either hold a regional or local authority electoral mandate or are politically accountable to an elected assembly’,

(2) Article 305 of the Treaty on the Functioning of the European Union provides for the members of the Committee and an equal number of alternate members to be appointed by the Council for five years in accordance with the proposals made by each Member State,

(3) Article 8 of the Protocol on Transitional Provisions sets out the allocation of members of the Committee of the Regions,

(4) As the term of office of the members and alternate members of the Committee of the Regions is due to expire on 25 January 2010, new members and alternate members should be appointed to the Committee of the Regions.

(5) This appointment will be followed at a later date by the appointment of the other members and alternate members whose nominations have not been communicated to the Council before 14 December 2009,

HAS ADOPTED THIS DECISION:
The following are hereby appointed to the Committee of the Regions for the period from 26 January 2010 to 25 January 2015:

—

as members, the persons listed by Member State in Annex I,

—

as alternate members, the persons listed by Member State in Annex II.
This Decision shall be published in theOfficial Journal of the European Union.

It shall take enter into force on the date of its adoption.

Pending: 32009D0967

                                January 16, 2026                            

17.12.2009
EN
Official Journal of the European Union
L 332/1

(1)
Under Regulation (EC) No 1980/2000 the Community eco-label may be awarded to a product possessing characteristics which enable it to contribute significantly to improvements in relation to key environmental aspects.

(2)
Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(3)
The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this Decision.

(4)
Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

—
the reduction of impacts on habitats and associated resources,

—
the reduction of energy consumption,

—
the reduction of discharges of toxic or otherwise polluting substances into the environment,

—
the reduction of use of dangerous substances in the materials and in the finished products,

—
safety and absence of risk to health in the living environment,

—
information that will enable the consumer to use the product in an efficient way which minimises the whole environmental impact.

R23
(toxic by inhalation),

R24
(toxic in contact with skin),

R25
(toxic if swallowed),

R26
(very toxic by inhalation),

R27
(very toxic in contact with skin),

R28
(very toxic if swallowed),

R39
(danger of very serious irreversible effects),

R40
(limited evidence of a carcinogenic effect),

R42
(May cause sensitisation by inhalation),

R43
(May cause sensitisation by skin contact),

R45
(may cause cancer),

R46
(may cause heritable genetic damage),

R48
(danger or serious damage to health by prolonged exposure),

R49
(may cause cancer by inhalation),

R50
(very toxic to aquatic organisms),

R51
(toxic to aquatic organisms),

R52
(harmful to aquatic organisms),

R53
(may cause long-term adverse effects in the aquatic environment),

R60
(may impair fertility),

R61
(may cause harm to the unborn child),

R62
(possible risk of impaired fertility),

R63
(possible risk of harm to the unborn child),

R68
(possible risk of irreversible effects),

(a)
The total sum content of the following substances shall not exceed 0,5 ppm:SubstanceCAS noγ-hexachlorocyclohexane (lindane)319-84-6α-hexachlorocyclohexane319-85-7β-hexachlorocyclohexane58-89-9δ-hexachlorocyclohexane319-86-8aldrin309-00-2dieldrin60-57-1endrin72-20-8p,p′-DDT50-29-3p,p′-DDD72-54-8
Substance
CAS no
γ-hexachlorocyclohexane (lindane)
319-84-6
α-hexachlorocyclohexane
319-85-7
β-hexachlorocyclohexane
58-89-9
δ-hexachlorocyclohexane
319-86-8
aldrin
309-00-2
dieldrin
60-57-1
endrin
72-20-8
p,p′-DDT
50-29-3
p,p′-DDD
72-54-8

Substance
CAS no

γ-hexachlorocyclohexane (lindane)
319-84-6

α-hexachlorocyclohexane
319-85-7

β-hexachlorocyclohexane
58-89-9

δ-hexachlorocyclohexane
319-86-8

aldrin
309-00-2

dieldrin
60-57-1

endrin
72-20-8

p,p′-DDT
50-29-3

p,p′-DDD
72-54-8

Substance
CAS no

γ-hexachlorocyclohexane (lindane)
319-84-6

α-hexachlorocyclohexane
319-85-7

β-hexachlorocyclohexane
58-89-9

δ-hexachlorocyclohexane
319-86-8

aldrin
309-00-2

dieldrin
60-57-1

endrin
72-20-8

p,p′-DDT
50-29-3

p,p′-DDD
72-54-8

(b)
The total sum content of the following substances shall not exceed 2 ppm:SubstanceCAS noPropetamphos31218-83-4Diazinon333-41-5Dichlofenthion97-17-6Fenchlorphos299-84-3Chlorpyriphos2921-88-2Chlorfenvinphos470-90-6Ethion563-12-2Pirimiphos-Methyl29232-93-7
Substance
CAS no
Propetamphos
31218-83-4
Diazinon
333-41-5
Dichlofenthion
97-17-6
Fenchlorphos
299-84-3
Chlorpyriphos
2921-88-2
Chlorfenvinphos
470-90-6
Ethion
563-12-2
Pirimiphos-Methyl
29232-93-7

Substance
CAS no

Propetamphos
31218-83-4

Diazinon
333-41-5

Dichlofenthion
97-17-6

Fenchlorphos
299-84-3

Chlorpyriphos
2921-88-2

Chlorfenvinphos
470-90-6

Ethion
563-12-2

Pirimiphos-Methyl
29232-93-7

Substance
CAS no

Propetamphos
31218-83-4

Diazinon
333-41-5

Dichlofenthion
97-17-6

Fenchlorphos
299-84-3

Chlorpyriphos
2921-88-2

Chlorfenvinphos
470-90-6

Ethion
563-12-2

Pirimiphos-Methyl
29232-93-7

(c)
The total sum content of the following substances shall not exceed 0,5 ppm:SubstanceCAS noCyhalothrin68085-85-8Cybermethrin52315-07-8Deltamethrin52918-63-5Fenvalerate51630-58-1Flumethrin69770-45-2
Substance
CAS no
Cyhalothrin
68085-85-8
Cybermethrin
52315-07-8
Deltamethrin
52918-63-5
Fenvalerate
51630-58-1
Flumethrin
69770-45-2

Substance
CAS no

Cyhalothrin
68085-85-8

Cybermethrin
52315-07-8

Deltamethrin
52918-63-5

Fenvalerate
51630-58-1

Flumethrin
69770-45-2

Substance
CAS no

Cyhalothrin
68085-85-8

Cybermethrin
52315-07-8

Deltamethrin
52918-63-5

Fenvalerate
51630-58-1

Flumethrin
69770-45-2

(d)
The total sum content of the following substances shall not exceed 2 ppm:SubstanceCAS noDiflubenzuron35367-38-5Triflumuron64628-44-0Dicyclanil112636-83-6
Substance
CAS no
Diflubenzuron
35367-38-5
Triflumuron
64628-44-0
Dicyclanil
112636-83-6

Substance
CAS no

Diflubenzuron
35367-38-5

Triflumuron
64628-44-0

Dicyclanil
112636-83-6

Substance
CAS no

Diflubenzuron
35367-38-5

Triflumuron
64628-44-0

Dicyclanil
112636-83-6

a)
The amount of antimony in the polyester fibres shall not exceed 260 ppm. Where no antimony is used, the applicant may state ‘antimony free’ (or equivalent text) next to the eco-labelled product.

b)
The emissions of VOCs during polymerisation and fibre production of polyester, measured at the process steps where they occur, including fugitive emissions as well, expressed as an annual average, shall not exceed 1,2 g/kg of produced polyester resin. (VOCs are any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use).

(a)
Lead-based pigments shall not be used.Assessment and verification:the applicant shall provide a declaration of non-use.

(b)
Emissions of NOxand SO2from the production of PP (monomer production, polymerisation and granulation) must not exceed the following limits:NOx: 12 kg/ton PPSO2: 11 kg/ton PPAssessment and verification:the fibre manufacturer must measure or calculate the quantities of NOxand SO2emitted during PP production and provide a declaration of compliance with the criterion. The applicant shall provide only the appropriate documentation.

NOx: 12 kg/ton PP

SO2: 11 kg/ton PP

NOx: 12 kg/ton PP

SO2: 11 kg/ton PP

NOx: 12 kg/ton PP

SO2: 11 kg/ton PP

(a)
Extractable heavy metals: the concentrations of the following metals shall not exceed the following values:SubstanceHurdle value(ppm)antimony0,5arsenic0,5lead0,5cadmium0,1chromium1,0cobalt0,5copper2,0nickel1,0mercury0,02Assessment and verification:The applicant shall provide a test report, using the following test method: Milled sample extracted according to DIN 38414-S4, L/S = 10. Filtration with 0,45 μm membrane filter. Analysis by means of atomic emission spectroscopy with inductive coupled plasma (ICP-AES) or with hydride or cold vapour technique.
Substance
Hurdle value(ppm)
antimony
0,5
arsenic
0,5
lead
0,5
cadmium
0,1
chromium
1,0
cobalt
0,5
copper
2,0
nickel
1,0
mercury
0,02

Substance
Hurdle value(ppm)

antimony
0,5

arsenic
0,5

lead
0,5

cadmium
0,1

chromium
1,0

cobalt
0,5

copper
2,0

nickel
1,0

mercury
0,02

Substance
Hurdle value(ppm)

antimony
0,5

arsenic
0,5

lead
0,5

cadmium
0,1

chromium
1,0

cobalt
0,5

copper
2,0

nickel
1,0

mercury
0,02

(b)
Volatile organic compounds(4)(VOCs): The concentration of VOCs shall not exceed 0,5 mg/m3.Assessment and verification:The applicant shall provide a test report, using the following test method: chamber test with DIN ISO 16000-6 for air sampling and analysis.

(c)
Metal complex dyes: Metal complex dyes based on copper, lead, chromium or nickel shall not be used.Assessment and verification:The applicant shall provide a declaration of non-use.

(d)
Chlorophenols: No chlorophenol (salts and esters) shall be present in concentrations exceeding 0,1 ppm, except mono- and di-chlorinated phenols (salts and esters) which shall not exceed 1 ppm.Assessment and verification:The applicant shall provide a test report, using the following test method: Milling of 5 g sample, extraction of the chlorophenol or sodium salt. Analysis by means of gas chromatography (GC), detection with mass spectrometer or ECD.

(e)
Butadiene: The concentration of butadiene shall not exceed 1 ppm.Assessment and verification:The applicant shall provide a test report, using the following test method: Milling and weighing of sample. Sampling by headspace sampler. Analysis by gas chromatography, detection by flame-ionisation detector.

(f)
Nitrosamines: The concentration of N-nitrosamines shall not exceed 0,001 mg/m3as measured with the chamber test.Assessment and verification:The applicant shall provide a test report, using the following test method: the chamber test with Hauptverband der gewerblichen Berufsgenossenschaften ZH 1/120,23 (or equivalent) for air sampling and analysis.

(a)
Organic tin: Tin in organic form (tin bonded to a carbon atom) shall not be used.Assessment and verification:The applicant shall provide a declaration of non-use.

(b)
Blowing agents: CFCs, HCFCs, HFCs or methylene chloride shall not be used as blowing agents or as auxiliary blowing agents.Assessment and verification:The applicant shall provide a declaration that these blowing agents have not been used.

R40
(limited evidence of a carcinogenic effect),

R45
(may cause cancer),

R46
(may cause heritable genetic damage),

R49
(may cause cancer by inhalation),

R50
(very toxic to aquatic organisms),

R51
(toxic to aquatic organisms),

R52
(harmful to aquatic organisms),

R53
(may cause long-term adverse effects in the aquatic environment),

R60
(may impair fertility),

R61
(may cause harm to the unborn child),

R62
(possible risk of impaired fertility),

R63
(possible risk of harm to the unborn child),

R68
(possible risk of irreversible effects),

R50
(very toxic to aquatic organisms),

R51
(toxic to aquatic organisms),

R52
(harmful to aquatic organisms),

R53
(may cause long-term adverse effects in the aquatic environment),

R60
(may impair fertility),

R61
(may cause harm to the unborn child),

R62
(possible risk of impaired fertility),

4-aminodiphenyl (92-67-1)

Benzidine (92-87-5)

4-chloro-o-toluidine (95-69-2)

2-naphthylamine (91-59-8)

o-amino-azotoluene (97-56-3)

2-amino-4-nitrotoluene (99-55-8)

p-chloroaniline (106-47-8)

2,4-diaminoanisol (615-05-4)

4,4′-diaminodiphenylmethane (101-77-9)

3,3′-dichlorobenzidine (91-94-1)

3,3′-dimethoxybenzidine (119-90-4)

3,3′-dimethylbenzidine (119-93-7)

3,3′-dimethyl-4,4′-diaminodiphenylmethane (838-88-0)

p-cresidine (120-71-8)

4,4′-oxydianiline (101-80-4)

4,4′-thiodianiline (139-65-1)

o-toluidine (95-53-4)

2,4-diaminotoluene (95-80-7)

2,4,5-trimethylaniline (137-17-7)

4-aminoazobenzene (60-09-3)

o-anisidine (90-04-0)

2,4-Xylidine

2,6-Xylidine

(a)
The following dyes shall not be used:C.I. Basic Red 9C.I. Disperse Blue 1C.I. Acid Red 26C.I. Basic Violet 14C.I. Disperse Orange 11C. I. Direct Black 38C. I. Direct Blue 6C. I. Direct Red 28C. I. Disperse Yellow 3Assessment and verification:The applicant shall provide a declaration of non-use of such dyes.

C.I. Basic Red 9

C.I. Disperse Blue 1

C.I. Acid Red 26

C.I. Basic Violet 14

C.I. Disperse Orange 11

C. I. Direct Black 38

C. I. Direct Blue 6

C. I. Direct Red 28

C. I. Disperse Yellow 3

C.I. Basic Red 9

C.I. Disperse Blue 1

C.I. Acid Red 26

C.I. Basic Violet 14

C.I. Disperse Orange 11

C. I. Direct Black 38

C. I. Direct Blue 6

C. I. Direct Red 28

C. I. Disperse Yellow 3

C.I. Basic Red 9

C.I. Disperse Blue 1

C.I. Acid Red 26

C.I. Basic Violet 14

C.I. Disperse Orange 11

C. I. Direct Black 38

C. I. Direct Blue 6

C. I. Direct Red 28

C. I. Disperse Yellow 3

(b)
No use is allowed of dye substances or of dye preparations containing more than 0,1 % by weight of substances that are assigned or may be assigned at the time of application any of the following risk phrases (or combinations thereof):R40(limited evidence of a carcinogenic effect),R45(may cause cancer),R46(may cause heritable genetic damage),R49(may cause cancer by inhalation),R60(may impair fertility),R61(may cause harm to the unborn child),R62(possible risk of impaired fertility),R63(possible risk of harm to the unborn child),R68(possible risk of irreversible effects),as laid down in Directive 67/548/EEC.Alternatively, classification may be considered according to Regulation (EC) No 1272/2008. In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, with and of the following hazard statements (or combinations thereof): H351, H350, H340, H350i, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341.Assessment and verification:The applicant shall provide a declaration of non-use of such dyes.
R40
(limited evidence of a carcinogenic effect),
R45
(may cause cancer),
R46
(may cause heritable genetic damage),
R49
(may cause cancer by inhalation),
R60
(may impair fertility),
R61
(may cause harm to the unborn child),
R62
(possible risk of impaired fertility),
R63
(possible risk of harm to the unborn child),
R68
(possible risk of irreversible effects),

R40
(limited evidence of a carcinogenic effect),

R45
(may cause cancer),

R46
(may cause heritable genetic damage),

R49
(may cause cancer by inhalation),

R60
(may impair fertility),

R61
(may cause harm to the unborn child),

R62
(possible risk of impaired fertility),

R63
(possible risk of harm to the unborn child),

R68
(possible risk of irreversible effects),

R40
(limited evidence of a carcinogenic effect),

R45
(may cause cancer),

R46
(may cause heritable genetic damage),

R49
(may cause cancer by inhalation),

R60
(may impair fertility),

R61
(may cause harm to the unborn child),

R62
(possible risk of impaired fertility),

R63
(possible risk of harm to the unborn child),

R68
(possible risk of irreversible effects),

C.I. Disperse Blue 3 C.I. 61 505

C.I. Disperse Blue 7 C.I. 62 500

C.I. Disperse Blue 26 C.I. 63 305

C.I. Disperse Blue 35

C.I. Disperse Blue 102

C.I. Disperse Blue 106

C.I. Disperse Blue 124

C.I. Disperse Brown 1

C.I. Disperse Orange 1 C.I. 11 080

C.I. Disperse Orange 3 C.I. 11 005

C.I. Disperse Orange 37

C.I. Disperse Orange 76

(previously designated Orange 37)

C.I. Disperse Red 1 C.I. 11 110

C.I. Disperse Red 11 C.I. 62 015

C.I. Disperse Red 17 C.I. 11 210

C.I. Disperse Yellow 1 C.I. 10 345

C.I. Disperse Yellow 9 C.I. 10 375

C.I. Disperse Yellow 39

C.I. Disperse Yellow 49

(a)
Waste water from wet-processing sites (except greasy wool scouring sites) shall, when discharged after treatment (whether on-site or off-site), have a COD content of less than 20 g/kg, expressed as an annual average.Assessment and verification:the applicant shall provide detailed documentation and test reports, using ISO 6060, showing compliance with this criterion, together with a declaration of compliance.

(b)
If the effluent is treated on site and discharged directly to waters, it shall also have a pH between 6 and 9 (unless the pH of the receiving water is outside this range) and a temperature of less than 40 °C (unless the temperature of the receiving water is above this value).Assessment and verification:The applicant shall provide documentation and test reports showing compliance with this criterion, together with a declaration of compliance. If the products used are awarded with the EU eco-label for textile products they fulfil this requirement and appropriate documentation shall be provided.

—
if when tested with one of the methods OECD 301 A, OECD 301 E, ISO 7827, OECD 302 A, ISO 9887, OECD 302 B, or ISO 9888 it shows a percentage degradation of at least 70 % within 28 days,

—
or if when tested with one of the methods OECD 301 B, ISO 9439, OECD 301 C, OECD 302 C, OECD 301 D, ISO 10707, OECD 301 F, ISO 9408, ISO 10708 or ISO 14593 it shows a percentage degradation of at least 60 % within 28 days,

—
or if when tested with one of the methods OECD 303 or ISO 11733 it shows a percentage degradation of at least 80 % within 28 days,

—
or, for substances for which these test methods are inapplicable, if evidence of an equivalent level of biodegradation is presented.

(a)
In case of cellulose dyeing, where metal complex dyes are part of the dye recipe, less than 20 % of each of those metal complex dyes applied (input to the process) shall be discharged to waste water treatment (whether on-site or off-site).In case of all other dyeing processes, where metal complex dyes are part of the dye recipe, less than 7 % of each of those metal complex dyes applied (input to the process) shall be discharged to waste water treatment (whether on-site or off-site).

(b)
The emissions to water after treatment shall not exceed: Cu 75 mg/kg (fibre, yarn or fabric); Cr 50 mg/kg; Ni 75 mg/kg.

Product Family
Limit value(P)

Synthetic Carpets
8

Substance
Requirement(after 3 days)

Total organic compounds within the retention rangeC6 – C16 (TVOC)
0,25 mg/m3air

Total organic compounds within the retention range> C16 – C22 (TSVOC)
0,03 mg/m3air

Total VOC without LCI(*1)
0,05 mg/m3air

(a)
information that the product has been awarded the EU Eco-label together with a brief yet specific explanation as to what this means in addition to the general information provided by box 2 of the logo;

(b)
recommendations for the use and maintenance of the product. This information should highlight all relevant instructions particularly referring to the maintenance and use of products. As appropriate, reference should be made to the features of the product’s use under difficult climatic or other conditions, for example, frost resistance/water absorption, stain resistance, resistance to chemicals, necessary preparation of the underlying surface, cleaning instructions and recommended types of cleaning agents and cleaning intervals. The information should also include any possible indication on the product’s potential life expectancy in technical terms, either as an average or as a range value;

(c)
an indication of the route of recycling or disposal (explanation in order to give the consumer information about the high possible performance of such a product);

(d)
information on the EU Eco-label and its related product groups, including the following text (or equivalent): ‘for more information visit the EU Eco-label website: http://www.ecolabel.eu’.

—
hazardous and toxic substance restricted,

—
production process energy saving,

—
limited pollutant emissions to water,

—
lower risk to health in the living environment.

A
=
Proportion of renewable raw materials and recycled non-renewable raw materials (%)(*1)

B
=
Proportion of renewable fuels (%)

C
=
Electricity consumption (MJ/m2)

D
=
Fuel consumption (MJ/m2)

Fuel
Quantity
Units
Conversion factor
Energy(MJ)

Straw (15 % W)

kg
14,5

Pellets (7 % W)

kg
17,5

Waste wood (20 % W)

kg
14,7

Wood chips (45 % W)

kg
9,4

Peat

kg
20

Natural gas

kg
54,1

Natural gas

Nm3
38,8

Butane

kg
49,3

Kerosene

kg
46,5

Gasoline

kg
52,7

Diesel

kg
44,6

Gas oil

kg
45,2

Heavy Fuel oil

kg
42,7

Dry Steam Coal

kg
30,6

Anthracite

kg
29,7

Charcoal

kg
33,7

Industrial Coke

kg
27,9

Electricity (from net)

kWh
3,6

Total energy (MJ)

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Regulation (EC) No 1980/2000 of the European Parliament and of the Council of 17 July 2000 on a revised Community eco-label award scheme(1), and in particular the second subparagraph of Article 6(1) thereof,

After consulting the European Union Eco-labelling Board,

(1) Under Regulation (EC) No 1980/2000 the Community eco-label may be awarded to a product possessing characteristics which enable it to contribute significantly to improvements in relation to key environmental aspects.

(2) Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(3) The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this Decision.

(4) Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

HAS ADOPTED THIS DECISION:
Article 1

Textile floor coverings shall be defined as floor coverings, usually of woven, knitted, or needle-tufted fabric; commonly installed with tacks or staples, or by adhesives. Loose mats and rugs are excluded. It does not apply to wall coverings or that for external use.

This product group will not include textiles treated with biocidal products, except where the active substance in those biocidal products are included in Annex IA to Directive 98/8/EC of the European Parliament and of the Council(2), and where the biocidal product is authorised for the use in question according to Annex V to Directive 98/8/EC.
Article 2

In order to be awarded the Community eco-label under Regulation (EC) No 1980/2000, a textile floor covering must fall within the product group ‘textile floor coverings’ as defined in Article 1 of this Decision and must comply with the ecological criteria set out in the Annex.
Article 3

The ecological criteria for the product group ‘textile floor coverings’, as well as the related assessment and verification requirements, shall be valid for four years from the date of notification of this Decision.
Article 4

For administrative purposes the code number assigned to the product group ‘textile floor coverings’ shall be ‘34’.
Article 5

This Decision is addressed to the Member States.
THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Regulation (EC) No 1980/2000 of the European Parliament and of the Council of 17 July 2000 on a revised Community eco-label award scheme(1), and in particular the second subparagraph of Article 6(1) thereof,

After consulting the European Union Eco-labelling Board,

(1) Under Regulation (EC) No 1980/2000 the Community eco-label may be awarded to a product possessing characteristics which enable it to contribute significantly to improvements in relation to key environmental aspects.

(2) Regulation (EC) No 1980/2000 provides that specific eco-label criteria, drawn up on the basis of the criteria drafted by the European Union Eco-labelling Board, are to be established according to product groups.

(3) The ecological criteria, as well as the related assessment and verification requirements, should be valid for four years from the date of notification of this Decision.

(4) Measures provided for in this Decision are in accordance with the opinion of the Committee instituted by Article 17 of Regulation (EC) No 1980/2000,

HAS ADOPTED THIS DECISION:
Textile floor coverings shall be defined as floor coverings, usually of woven, knitted, or needle-tufted fabric; commonly installed with tacks or staples, or by adhesives. Loose mats and rugs are excluded. It does not apply to wall coverings or that for external use.

This product group will not include textiles treated with biocidal products, except where the active substance in those biocidal products are included in Annex IA to Directive 98/8/EC of the European Parliament and of the Council(2), and where the biocidal product is authorised for the use in question according to Annex V to Directive 98/8/EC.
In order to be awarded the Community eco-label under Regulation (EC) No 1980/2000, a textile floor covering must fall within the product group ‘textile floor coverings’ as defined in Article 1 of this Decision and must comply with the ecological criteria set out in the Annex.
The ecological criteria for the product group ‘textile floor coverings’, as well as the related assessment and verification requirements, shall be valid for four years from the date of notification of this Decision.
For administrative purposes the code number assigned to the product group ‘textile floor coverings’ shall be ‘34’.
This Decision is addressed to the Member States.
FRAMEWORKANNEX

The aims of the criteria

These criteria aim in particular at promoting:
— | the reduction of impacts on habitats and associated resources,

— | the reduction of energy consumption,

— | the reduction of discharges of toxic or otherwise polluting substances into the environment,

— | the reduction of use of dangerous substances in the materials and in the finished products,

— | safety and absence of risk to health in the living environment,

— | information that will enable the consumer to use the product in an efficient way which minimises the whole environmental impact.The criteria are set at levels that promote the labelling of coverings that are produced with low environmental impact.
Assessment and verification requirements

The specific assessment and verification requirements are indicated within each criterion.

This product group includes the family of carpets, defined as ‘floor covering, usually of woven, knitted, or needle-tufted fabric; commonly installed with tacks or staples, or by adhesives’.

It does not apply to wall coverings or that for external use. Loose mats and rugs are excluded.

The definition of the textile floor coverings product group accords to the DIN ISO 2424 norm.

The European Textile floor coverings industry determines its technical position in the European commission of normalisation CEN/TC 134.

The functional unit, to which inputs and outputs should be related, is 1 m2of finished product.

Where appropriate, test methods other than those indicated for each criterion may be used if their equivalence is accepted by the Competent Body assessing the application.

Where possible, testing should be performed by appropriately accredited laboratories or laboratories that meet the general requirements expressed in standard EN ISO 17025.

Where appropriate, Competent Bodies may require supporting documentation and may carry out independent verifications.
TEXTILE FLOOR COVERINGS CRITERIA

1.   RAW MATERIALS

Generic materials requirements

The materials used for the manufacture of the product shall not contain substances or preparation that are assigned, or may be assigned at the time of application, any of the following risk phrases (or combinations thereof):
R23 | (toxic by inhalation),

R24 | (toxic in contact with skin),

R25 | (toxic if swallowed),

R26 | (very toxic by inhalation),

R27 | (very toxic in contact with skin),

R28 | (very toxic if swallowed),

R39 | (danger of very serious irreversible effects),

R40 | (limited evidence of a carcinogenic effect),

R42 | (May cause sensitisation by inhalation),

R43 | (May cause sensitisation by skin contact),

R45 | (may cause cancer),

R46 | (may cause heritable genetic damage),

R48 | (danger or serious damage to health by prolonged exposure),

R49 | (may cause cancer by inhalation),

R50 | (very toxic to aquatic organisms),

R51 | (toxic to aquatic organisms),

R52 | (harmful to aquatic organisms),

R53 | (may cause long-term adverse effects in the aquatic environment),

R60 | (may impair fertility),

R61 | (may cause harm to the unborn child),

R62 | (possible risk of impaired fertility),

R63 | (possible risk of harm to the unborn child),

R68 | (possible risk of irreversible effects),as laid down in Council Directive 67/548/EEC of 27 June 1967 on the approximation of the laws, regulations and administrative provisions relating to the classification, packaging and labelling of dangerous substances(1)(Dangerous Substances Directive), and its subsequent amendments, and considering the Directive 1999/45/EC of the European Parliament and of the Council(2)(Dangerous Preparations Directive).

Alternatively, classification may be considered according to Regulation (EC) No 1272/2008 of the European Parliament and of the Council of 16 December 2008 on classification, labelling and packaging of substances and mixtures, amending and repealing Directives 67/548/EEC and 1999/45/EC, and amending Regulation (EC) No 1907/2006(3). In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, with and of the following hazard statements (or combinations thereof): H300, H301, H310, H311, H317 H330, H331, H334, H351, H350, H340, H350i, H400, H410, H411, H412, H413, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341, H370, H372.

Assessment and verification:in terms of chemical analysis, the materials typology and formulation shall be provided by the applicant together with a declaration of compliance with the abovementioned criteria.

1.1.   Textile fibres — chemical substances

If the fibres are of recycled origin, the criteria set in this section do not apply. With regard to the presence of dangerous substances, the requirements described in criteria 1 ‘Generic material requirements’ shall be applied.

Specific-fibre-criteria are set in this section for wool, polyamide, polyester and polypropylene.
Wool treatments
 | (a) | The total sum content of the following substances shall not exceed 0,5 ppm:SubstanceCAS noγ-hexachlorocyclohexane (lindane)319-84-6α-hexachlorocyclohexane319-85-7β-hexachlorocyclohexane58-89-9δ-hexachlorocyclohexane319-86-8aldrin309-00-2dieldrin60-57-1endrin72-20-8p,p′-DDT50-29-3p,p′-DDD72-54-8 | Substance | CAS no | γ-hexachlorocyclohexane (lindane) | 319-84-6 | α-hexachlorocyclohexane | 319-85-7 | β-hexachlorocyclohexane | 58-89-9 | δ-hexachlorocyclohexane | 319-86-8 | aldrin | 309-00-2 | dieldrin | 60-57-1 | endrin | 72-20-8 | p,p′-DDT | 50-29-3 | p,p′-DDD | 72-54-8

Substance | CAS no

γ-hexachlorocyclohexane (lindane) | 319-84-6

α-hexachlorocyclohexane | 319-85-7

β-hexachlorocyclohexane | 58-89-9

δ-hexachlorocyclohexane | 319-86-8

aldrin | 309-00-2

dieldrin | 60-57-1

endrin | 72-20-8

p,p′-DDT | 50-29-3

p,p′-DDD | 72-54-8

 | (b) | The total sum content of the following substances shall not exceed 2 ppm:SubstanceCAS noPropetamphos31218-83-4Diazinon333-41-5Dichlofenthion97-17-6Fenchlorphos299-84-3Chlorpyriphos2921-88-2Chlorfenvinphos470-90-6Ethion563-12-2Pirimiphos-Methyl29232-93-7 | Substance | CAS no | Propetamphos | 31218-83-4 | Diazinon | 333-41-5 | Dichlofenthion | 97-17-6 | Fenchlorphos | 299-84-3 | Chlorpyriphos | 2921-88-2 | Chlorfenvinphos | 470-90-6 | Ethion | 563-12-2 | Pirimiphos-Methyl | 29232-93-7

Substance | CAS no

Propetamphos | 31218-83-4

Diazinon | 333-41-5

Dichlofenthion | 97-17-6

Fenchlorphos | 299-84-3

Chlorpyriphos | 2921-88-2

Chlorfenvinphos | 470-90-6

Ethion | 563-12-2

Pirimiphos-Methyl | 29232-93-7

 | (c) | The total sum content of the following substances shall not exceed 0,5 ppm:SubstanceCAS noCyhalothrin68085-85-8Cybermethrin52315-07-8Deltamethrin52918-63-5Fenvalerate51630-58-1Flumethrin69770-45-2 | Substance | CAS no | Cyhalothrin | 68085-85-8 | Cybermethrin | 52315-07-8 | Deltamethrin | 52918-63-5 | Fenvalerate | 51630-58-1 | Flumethrin | 69770-45-2

Substance | CAS no

Cyhalothrin | 68085-85-8

Cybermethrin | 52315-07-8

Deltamethrin | 52918-63-5

Fenvalerate | 51630-58-1

Flumethrin | 69770-45-2

 | (d) | The total sum content of the following substances shall not exceed 2 ppm:SubstanceCAS noDiflubenzuron35367-38-5Triflumuron64628-44-0Dicyclanil112636-83-6 | Substance | CAS no | Diflubenzuron | 35367-38-5 | Triflumuron | 64628-44-0 | Dicyclanil | 112636-83-6

Substance | CAS no

Diflubenzuron | 35367-38-5

Triflumuron | 64628-44-0

Dicyclanil | 112636-83-6These requirements (as detailed in (a), (b), (c) and (d) and taken separately) do not apply if documentary evidence can be presented that establishes the identity of the farmers producing at least 75 % of the wool or keratin fibres in question, together with a declaration from these farmers that the substances listed above have not been applied to the fields or animals concerned.

Assessment and verification:the applicant shall either provide the documentation indicated above or provide a test report, using the following test method: IWTO Draft Test Method 59. If the textile materials used are awarded with the EU Ecolabel scheme for the textile products, the requirements are satisfied. The applicant shall provide only the appropriate documentation.
Polyamide fibres

The emissions to air of N2O during monomer production, expressed as an annual average, shall not exceed 10 g/kg of finished polyamide-6 fibres produced or 50 g/kg of polyamide-6,6 produced.

Assessment and verification:the applicant shall provide detailed documentation and/or test reports showing compliance with this criterion, together with a declaration of compliance. If the textile materials used are awarded with the Ecolabel scheme for the textile products, the requirements are satisfied. The applicant shall provide only the appropriate documentation.
Polyester
 | a) | The amount of antimony in the polyester fibres shall not exceed 260 ppm. Where no antimony is used, the applicant may state ‘antimony free’ (or equivalent text) next to the eco-labelled product.

 | b) | The emissions of VOCs during polymerisation and fibre production of polyester, measured at the process steps where they occur, including fugitive emissions as well, expressed as an annual average, shall not exceed 1,2 g/kg of produced polyester resin. (VOCs are any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use).Assessment and verification:For (a) the applicant shall either provide a declaration of non-use or a test report using the following test method: direct determination by Atomic Absorption Spectrometry. The test shall be carried out on the raw fibre prior to any wet processing. For (b) the applicant shall provide detailed documentation and/or test reports showing compliance with this criterion, together with a declaration of compliance. If the textile materials used are awarded with the Ecolabel scheme for the textile products, the requirements are satisfied. The applicant shall provide only the appropriate documentation.
Polypropylene
 | (a) | Lead-based pigments shall not be used.Assessment and verification:the applicant shall provide a declaration of non-use.

 | (b) | Emissions of NOxand SO2from the production of PP (monomer production, polymerisation and granulation) must not exceed the following limits:NOx: 12 kg/ton PPSO2: 11 kg/ton PPAssessment and verification:the fibre manufacturer must measure or calculate the quantities of NOxand SO2emitted during PP production and provide a declaration of compliance with the criterion. The applicant shall provide only the appropriate documentation. |  | NOx: 12 kg/ton PP |  | SO2: 11 kg/ton PP

 | NOx: 12 kg/ton PP

 | SO2: 11 kg/ton PP1.2.   Backing agents

With regard to the presence of dangerous substances, the requirements described in criteria 1 ‘Generic material requirements’ shall be applied.
Foam rubber (natural and synthetic latex and polyurethane)

Note: The following criteria needs to be met only if latex foam contributes to more than 5 % of the total weight of the carpet.
 | (a) | Extractable heavy metals: the concentrations of the following metals shall not exceed the following values:SubstanceHurdle value(ppm)antimony0,5arsenic0,5lead0,5cadmium0,1chromium1,0cobalt0,5copper2,0nickel1,0mercury0,02Assessment and verification:The applicant shall provide a test report, using the following test method: Milled sample extracted according to DIN 38414-S4, L/S = 10. Filtration with 0,45 μm membrane filter. Analysis by means of atomic emission spectroscopy with inductive coupled plasma (ICP-AES) or with hydride or cold vapour technique. | Substance | Hurdle value(ppm) | antimony | 0,5 | arsenic | 0,5 | lead | 0,5 | cadmium | 0,1 | chromium | 1,0 | cobalt | 0,5 | copper | 2,0 | nickel | 1,0 | mercury | 0,02

Substance | Hurdle value(ppm)

antimony | 0,5

arsenic | 0,5

lead | 0,5

cadmium | 0,1

chromium | 1,0

cobalt | 0,5

copper | 2,0

nickel | 1,0

mercury | 0,02

 | (b) | Volatile organic compounds(4)(VOCs): The concentration of VOCs shall not exceed 0,5 mg/m3.Assessment and verification:The applicant shall provide a test report, using the following test method: chamber test with DIN ISO 16000-6 for air sampling and analysis.

 | (c) | Metal complex dyes: Metal complex dyes based on copper, lead, chromium or nickel shall not be used.Assessment and verification:The applicant shall provide a declaration of non-use.

 | (d) | Chlorophenols: No chlorophenol (salts and esters) shall be present in concentrations exceeding 0,1 ppm, except mono- and di-chlorinated phenols (salts and esters) which shall not exceed 1 ppm.Assessment and verification:The applicant shall provide a test report, using the following test method: Milling of 5 g sample, extraction of the chlorophenol or sodium salt. Analysis by means of gas chromatography (GC), detection with mass spectrometer or ECD.

 | (e) | Butadiene: The concentration of butadiene shall not exceed 1 ppm.Assessment and verification:The applicant shall provide a test report, using the following test method: Milling and weighing of sample. Sampling by headspace sampler. Analysis by gas chromatography, detection by flame-ionisation detector.

 | (f) | Nitrosamines: The concentration of N-nitrosamines shall not exceed 0,001 mg/m3as measured with the chamber test.Assessment and verification:The applicant shall provide a test report, using the following test method: the chamber test with Hauptverband der gewerblichen Berufsgenossenschaften ZH 1/120,23 (or equivalent) for air sampling and analysis.

Foam rubber (only for polyurethane)
 | (a) | Organic tin: Tin in organic form (tin bonded to a carbon atom) shall not be used.Assessment and verification:The applicant shall provide a declaration of non-use.

 | (b) | Blowing agents: CFCs, HCFCs, HFCs or methylene chloride shall not be used as blowing agents or as auxiliary blowing agents.Assessment and verification:The applicant shall provide a declaration that these blowing agents have not been used.

Vulcanized foams

Vulcanized foams shall not be used for back coating.

Assessment and verification:the applicant shall provide a declaration of non-use.
Formaldehyde

The concentration of formaldehyde shall not exceed 30 ppm as measured with EN ISO 14184-1. Alternatively it shall not exceed 0,01 mg/m3as measured with the chamber test.

Assessment and verification:The applicant shall provide a test report, using the following test method: EN ISO 14184-1. Sample of 1 g with 100 g water heated to 40 °C for 1 hour. Formaldehyde in extract analysed with acetylacetone, photometric.

Alternatively, the emission chamber test may be used: ENV 13419-1, with EN ISO 16000-3 or VDI 3484-1 for air sampling and analysis.

2.   PRODUCTION OF ALL MATERIALSWith regard to the presence of dangerous substances, the requirements described in criteria 1 ‘Generic material requirements’ shall be applied.

The applicant shall also comply with the following specific requirements:
Flame retardants

Only flame retardants that are chemically bound into the polymer fibre or onto the fibre surface (reactive flame retardants) may be used in the product. If the flame retardants used have any of the R-phrases listed below, these reactive flame retardants should, on application, change their chemical nature to no longer warrant classification under any of these R-phrases. (Less than 0,1 % of the flame retardant on the treated yarn or fabric may remain in the form as before application.):
R40 | (limited evidence of a carcinogenic effect),

R45 | (may cause cancer),

R46 | (may cause heritable genetic damage),

R49 | (may cause cancer by inhalation),

R50 | (very toxic to aquatic organisms),

R51 | (toxic to aquatic organisms),

R52 | (harmful to aquatic organisms),

R53 | (may cause long-term adverse effects in the aquatic environment),

R60 | (may impair fertility),

R61 | (may cause harm to the unborn child),

R62 | (possible risk of impaired fertility),

R63 | (possible risk of harm to the unborn child),

R68 | (possible risk of irreversible effects),as laid down in Directive 67/548/EEC.

Alternatively, classification may be considered according to Regulation (EC) No 1272/2008. In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, any of the following hazard statements (or combinations thereof): H351, H350, H340, H350i, H400, H410, H411, H412, H413, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341.

Flame retardants which are only physically mixed into the polymer fibre or into a textile coating are excluded (additive flame retardants).

Assessment and verification:The applicant shall provide a declaration that additive flame retardants have not been used and indicate which reactive flame retardants, if any, have been used and provide documentation (such as safety data sheets) and/or declarations indicating that those flame retardants comply with this criterion.
Plasticizers

If any plasticizer substance in the manufacturing process is applied, only phthalates that at the time of application have been risk assessed and have not been classified with the phrases (or combinations thereof) may be used:
R50 | (very toxic to aquatic organisms),

R51 | (toxic to aquatic organisms),

R52 | (harmful to aquatic organisms),

R53 | (may cause long-term adverse effects in the aquatic environment),

R60 | (may impair fertility),

R61 | (may cause harm to the unborn child),

R62 | (possible risk of impaired fertility),as laid down in Directive 67/548/EEC.

Alternatively, classification may be considered according to Regulation (EC) No 1272/2008. In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, with and of the following hazard statements (or combinations thereof): H400, H410, H411, H412, H413, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df

Additionally DNOP (di-n-octyl phthalate), DINP (di-isononyl phthalate), DIDP (di-isodecyl phthalate) are not permitted in the product.

Assessment and verification:the applicant shall provide a declaration of non-use. No more than 0,1 % of phthalate in mass shall be present as impurities in the textile floor covering, as defined in Directive 2005/84/EC of the European Parliament and of the Council(5).

2.1.   Chemicals used as auxiliaries for textile fibres treatment

Alkylphenolethoxylates (APEOs), linear alkylbenzene sulfonates (LAS), bis(hydrogenated tallow alkyl) dimethyl ammonium chloride (DTDMAC), distearyl dimethyl ammonium chloride (DSDMAC), di(hardened tallow) dimethyl ammonium chloride (DHTDMAC), ethylene diamine tetra acetate (EDTA), and diethylene triamine penta acetate (DTPA) shall not be used and shall not be part of any preparations or formulations used.

Assessment and verification:the applicant shall provide a declaration of non-use.

2.2.   Dyes and pigments
Azo dyes

Azo dyes shall not be used that may cleave to any one of the following aromatic amines:
 | 4-aminodiphenyl (92-67-1)

 | Benzidine (92-87-5)

 | 4-chloro-o-toluidine (95-69-2)

 | 2-naphthylamine (91-59-8)

 | o-amino-azotoluene (97-56-3)

 | 2-amino-4-nitrotoluene (99-55-8)

 | p-chloroaniline (106-47-8)

 | 2,4-diaminoanisol (615-05-4)

 | 4,4′-diaminodiphenylmethane (101-77-9)

 | 3,3′-dichlorobenzidine (91-94-1)

 | 3,3′-dimethoxybenzidine (119-90-4)

 | 3,3′-dimethylbenzidine (119-93-7)

 | 3,3′-dimethyl-4,4′-diaminodiphenylmethane (838-88-0)

 | p-cresidine (120-71-8)

 | 4,4′-oxydianiline (101-80-4)

 | 4,4′-thiodianiline (139-65-1)

 | o-toluidine (95-53-4)

 | 2,4-diaminotoluene (95-80-7)

 | 2,4,5-trimethylaniline (137-17-7)

 | 4-aminoazobenzene (60-09-3)

 | o-anisidine (90-04-0)

 | 2,4-Xylidine

 | 2,6-XylidineAssessment and verification:The applicant shall provide a declaration of non-use of these dyes. Should this declaration be subject to verification the following standard shall be used = EN 14362-1 and 2. (Note: false positives may be possible with respect to the presence of 4-aminoazobenzene, and confirmation is therefore recommended).
Dyes that are carcinogenic, mutagenic or toxic to reproduction
 | (a) | The following dyes shall not be used:C.I. Basic Red 9C.I. Disperse Blue 1C.I. Acid Red 26C.I. Basic Violet 14C.I. Disperse Orange 11C. I. Direct Black 38C. I. Direct Blue 6C. I. Direct Red 28C. I. Disperse Yellow 3Assessment and verification:The applicant shall provide a declaration of non-use of such dyes. |  | C.I. Basic Red 9 |  | C.I. Disperse Blue 1 |  | C.I. Acid Red 26 |  | C.I. Basic Violet 14 |  | C.I. Disperse Orange 11 |  | C. I. Direct Black 38 |  | C. I. Direct Blue 6 |  | C. I. Direct Red 28 |  | C. I. Disperse Yellow 3

 | C.I. Basic Red 9

 | C.I. Disperse Blue 1

 | C.I. Acid Red 26

 | C.I. Basic Violet 14

 | C.I. Disperse Orange 11

 | C. I. Direct Black 38

 | C. I. Direct Blue 6

 | C. I. Direct Red 28

 | C. I. Disperse Yellow 3

 | (b) | No use is allowed of dye substances or of dye preparations containing more than 0,1 % by weight of substances that are assigned or may be assigned at the time of application any of the following risk phrases (or combinations thereof):R40(limited evidence of a carcinogenic effect),R45(may cause cancer),R46(may cause heritable genetic damage),R49(may cause cancer by inhalation),R60(may impair fertility),R61(may cause harm to the unborn child),R62(possible risk of impaired fertility),R63(possible risk of harm to the unborn child),R68(possible risk of irreversible effects),as laid down in Directive 67/548/EEC.Alternatively, classification may be considered according to Regulation (EC) No 1272/2008. In this case no substances or preparations may be added to the raw materials that are assigned, or may be assigned at the time of application, with and of the following hazard statements (or combinations thereof): H351, H350, H340, H350i, H360F, H360D, H361f, H361d H360FD, H361fd, H360Fd, H360Df, H341.Assessment and verification:The applicant shall provide a declaration of non-use of such dyes. | R40 | (limited evidence of a carcinogenic effect), | R45 | (may cause cancer), | R46 | (may cause heritable genetic damage), | R49 | (may cause cancer by inhalation), | R60 | (may impair fertility), | R61 | (may cause harm to the unborn child), | R62 | (possible risk of impaired fertility), | R63 | (possible risk of harm to the unborn child), | R68 | (possible risk of irreversible effects),

R40 | (limited evidence of a carcinogenic effect),

R45 | (may cause cancer),

R46 | (may cause heritable genetic damage),

R49 | (may cause cancer by inhalation),

R60 | (may impair fertility),

R61 | (may cause harm to the unborn child),

R62 | (possible risk of impaired fertility),

R63 | (possible risk of harm to the unborn child),

R68 | (possible risk of irreversible effects),

Potentially sensitising dyes

The following dyes shall not be used:
 | C.I. Disperse Blue 3 C.I. 61 505

 | C.I. Disperse Blue 7 C.I. 62 500

 | C.I. Disperse Blue 26 C.I. 63 305

 | C.I. Disperse Blue 35

 | C.I. Disperse Blue 102

 | C.I. Disperse Blue 106

 | C.I. Disperse Blue 124

 | C.I. Disperse Brown 1

 | C.I. Disperse Orange 1 C.I. 11 080

 | C.I. Disperse Orange 3 C.I. 11 005

 | C.I. Disperse Orange 37

 | C.I. Disperse Orange 76

 | (previously designated Orange 37)

 | C.I. Disperse Red 1 C.I. 11 110

 | C.I. Disperse Red 11 C.I. 62 015

 | C.I. Disperse Red 17 C.I. 11 210

 | C.I. Disperse Yellow 1 C.I. 10 345

 | C.I. Disperse Yellow 9 C.I. 10 375

 | C.I. Disperse Yellow 39

 | C.I. Disperse Yellow 49Assessment and verification:The applicant shall provide a declaration of non-use of these dyes.
Heavy metals

Dyes and pigments containing lead (Pb), cadmium (Cd), mercury (Hg) or chromium (chromium total) or Cr(VI) as ingredients of the dyeing component must not be used to dye the materials:

The limit value for the total heavy metal content of a fitted carpet is 100 mg/kg.

Assessment and verification:The applicant shall provide a declaration of non-use of these dyes together with the documentation demonstrating that the limit imposed is not exceeded.

If the products used are GUT label, they fulfil this requirement and appropriate documentation shall be provided.

2.3.   Water emissions
Wool — COD

For scouring effluent discharged to sewer, the COD discharged to sewer shall not exceed 60 g/kg greasy wool, and the effluent shall be treated off-site so as to achieve at least a further 75 % reduction of COD content, expressed as an annual average.

For scouring effluent treated on-site and discharged to surface waters, the COD discharged to surface waters shall not exceed 45 g/kg greasy wool. The pH of the effluent discharged to surface waters shall be between 6 and 9 (unless the pH of the receiving waters is outside this range), and the temperature shall be below 40 °C (unless the temperature of the receiving water is above this value). The wool scouring plant shall describe, in detail, their treatment of the scouring effluent and continuously monitor the COD-levels.

Assessment and verification:The applicant shall provide relevant data and test reports related to this criterion, using the following test method: ISO 6060.
Wastewater discharges from wet-processing
 | (a) | Waste water from wet-processing sites (except greasy wool scouring sites) shall, when discharged after treatment (whether on-site or off-site), have a COD content of less than 20 g/kg, expressed as an annual average.Assessment and verification:the applicant shall provide detailed documentation and test reports, using ISO 6060, showing compliance with this criterion, together with a declaration of compliance.

 | (b) | If the effluent is treated on site and discharged directly to waters, it shall also have a pH between 6 and 9 (unless the pH of the receiving water is outside this range) and a temperature of less than 40 °C (unless the temperature of the receiving water is above this value).Assessment and verification:The applicant shall provide documentation and test reports showing compliance with this criterion, together with a declaration of compliance. If the products used are awarded with the EU eco-label for textile products they fulfil this requirement and appropriate documentation shall be provided.

Detergents, fabric softeners and complexing agents

At each wet-processing site, at least 95 % by weight of the detergents, at least 95 % by weight of fabric softeners and at least 95 % by weight complexing agents used shall be sufficiently degradable or eliminable in wastewater treatment plants. At each wet-processing site, the detergents (which contain surfactants) in use shall fulfil the criteria: the surfactants meet the criteria for ultimate aerobic biodegradation. At least 95 % of the other substances by weight shall be sufficiently degradable or eliminable in wastewater treatment plants.

Assessment and verification:‘sufficiently biodegradable’ means:
— | if when tested with one of the methods OECD 301 A, OECD 301 E, ISO 7827, OECD 302 A, ISO 9887, OECD 302 B, or ISO 9888 it shows a percentage degradation of at least 70 % within 28 days,

— | or if when tested with one of the methods OECD 301 B, ISO 9439, OECD 301 C, OECD 302 C, OECD 301 D, ISO 10707, OECD 301 F, ISO 9408, ISO 10708 or ISO 14593 it shows a percentage degradation of at least 60 % within 28 days,

— | or if when tested with one of the methods OECD 303 or ISO 11733 it shows a percentage degradation of at least 80 % within 28 days,

— | or, for substances for which these test methods are inapplicable, if evidence of an equivalent level of biodegradation is presented.The applicant shall provide appropriate documentation, safety data sheets, test reports and/or declarations, indicating the test methods and results as indicated above, showing compliance with this criterion for all detergents, fabric softeners and complexing agents used.
Metal complex dyes
 | (a) | In case of cellulose dyeing, where metal complex dyes are part of the dye recipe, less than 20 % of each of those metal complex dyes applied (input to the process) shall be discharged to waste water treatment (whether on-site or off-site).In case of all other dyeing processes, where metal complex dyes are part of the dye recipe, less than 7 % of each of those metal complex dyes applied (input to the process) shall be discharged to waste water treatment (whether on-site or off-site).

 | (b) | The emissions to water after treatment shall not exceed: Cu 75 mg/kg (fibre, yarn or fabric); Cr 50 mg/kg; Ni 75 mg/kg.Assessment and verification:The applicant shall either provide a declaration of non-use or documentation and test reports using the following test methods: ISO 8288 for Cu, Ni; EN 1233 for Cr.

2.4.   Energy consumption

The energy consumption shall be calculated as the process energy used for the production of the floor coverings.

The process energy, calculated as indicated in the Technical Appendix, shall exceed the following values (P = scoring point):
Product Family | Limit value(P)

Synthetic Carpets | 8Assessment and verification:the applicant shall calculate the Energy consumption of the production process according to the Technical Appendix instructions. The applicant shall provide the related results and supporting documentation.

3.   USE PHASE3.1.   Release of dangerous substances

The following emissions values shall not to be exceeded:
Substance | Requirement(after 3 days)

Total organic compounds within the retention rangeC6 – C16 (TVOC) | 0,25 mg/m3air

Total organic compounds within the retention range> C16 – C22 (TSVOC) | 0,03 mg/m3air

Total VOC without LCI(*1) | 0,05 mg/m3airAssessment and verification:the applicant shall submit a test certificate according to the emission tests prEN 15052 or DIN ISO 16000-9.

4.   FITNESS FOR USEThe product shall be fit for use. This evidence may include data from appropriate ISO, CEN or equivalent test methods, such as national test procedures.

Assessment and verification:details of the test procedures and results shall be provided, together with a declaration that the product is fit for use based on all other information about the best application by the end-user. According to Council Directive 89/106/EEC(6)a product is presumed to be fit for use if it conforms to a harmonised standard, a European technical approval or a non-harmonised technical specification recognised at Community level. The EC conformity mark ‘CE’ for construction products provides producers with an attestation of conformity easily recognisable and may be considered as sufficient in this context. Furthermore the norm CEN/TS 14472-2 could be used to demonstrate compliance with this criterion.

5.   CONSUMER INFORMATIONThe product shall be sold with relevant user information, which provides advice on the product’s proper and best general and technical use as well as its maintenance. It shall bear the following information on the packaging and/or on documentation accompanying the product:
(a) | information that the product has been awarded the EU Eco-label together with a brief yet specific explanation as to what this means in addition to the general information provided by box 2 of the logo;

(b) | recommendations for the use and maintenance of the product. This information should highlight all relevant instructions particularly referring to the maintenance and use of products. As appropriate, reference should be made to the features of the product’s use under difficult climatic or other conditions, for example, frost resistance/water absorption, stain resistance, resistance to chemicals, necessary preparation of the underlying surface, cleaning instructions and recommended types of cleaning agents and cleaning intervals. The information should also include any possible indication on the product’s potential life expectancy in technical terms, either as an average or as a range value;

(c) | an indication of the route of recycling or disposal (explanation in order to give the consumer information about the high possible performance of such a product);

(d) | information on the EU Eco-label and its related product groups, including the following text (or equivalent): ‘for more information visit the EU Eco-label website: http://www.ecolabel.eu’.Assessment and verification:the applicant shall provide a sample of the packaging and/or texts enclosed also according to the ISO 6347: Textile floor coverings — Consumer information.

6.   INFORMATION APPEARING ON THE ECOLABELBox 2 of the Ecolabel shall contain the following text:
— | hazardous and toxic substance restricted,

— | production process energy saving,

— | limited pollutant emissions to water,

— | lower risk to health in the living environment.

(1)  

            OJ 196, 16.8.1967, p. 1.

(2)  

            OJ L 200, 30.7.1999, p. 1.

(3)  

            OJ L 353, 31.12.2008, p. 1.

(4)  VOCs are any organic compound having at 293,15 K a vapour pressure of 0,01 kPa or more, or having a corresponding volatility under the particular conditions of use.

(5)  

            OJ L 344, 27.12.2005, p. 40.LCI= Lowest Concentration of Interest.
(6)  

            OJ L 40, 11.2.1989, p. 12.

Pending: 32009D0955

                                January 16, 2026                            

16.12.2009
EN
Official Journal of the European Union
L 330/76

(1)
On 14 November 2005, the Council adopted Joint Action 2005/797/CFSP on the European Union Police Mission for the Palestinian Territories(1)(EUPOL COPPS) for a period of three years. The operational phase of EUPOL COPPS began on 1 January 2006. Joint Action 2005/797/CFSP was extended by Joint Action 2008/958/CFSP(2)until 31 December 2010.

(2)
It is necessary to lay down the financial reference amount intended to cover the expenditure related to EUPOL COPPS for the period from 1 January to 31 December 2010.

(3)
It is necessary to specify the conditions under which EUPOL COPPS can recruit staff on a contractual basis.

(4)
EUPOL COPPS should have a project cell for identifying and implementing projects.

(5)
Joint Action 2005/797/CFSP should be amended accordingly,

1)
In Article 2, a point shall be added:‘d)The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;
‘d)
The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

‘d)
The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

‘d)
The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

2)
In Article 8,a)paragraph 3 shall be replaced by the following:‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;b)a new paragraph 4 shall be inserted as follows:‘4.   EUPOL COPPS shall also recruit local staff as required.’,and the remaining paragraphs shall be renumbered accordingly.
a)
paragraph 3 shall be replaced by the following:‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;
b)
a new paragraph 4 shall be inserted as follows:‘4.   EUPOL COPPS shall also recruit local staff as required.’,

a)
paragraph 3 shall be replaced by the following:‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;

b)
a new paragraph 4 shall be inserted as follows:‘4.   EUPOL COPPS shall also recruit local staff as required.’,

a)
paragraph 3 shall be replaced by the following:‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;

b)
a new paragraph 4 shall be inserted as follows:‘4.   EUPOL COPPS shall also recruit local staff as required.’,

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union, and in particular Articles 28 and 43(2) thereof,

(1) On 14 November 2005, the Council adopted Joint Action 2005/797/CFSP on the European Union Police Mission for the Palestinian Territories(1)(EUPOL COPPS) for a period of three years. The operational phase of EUPOL COPPS began on 1 January 2006. Joint Action 2005/797/CFSP was extended by Joint Action 2008/958/CFSP(2)until 31 December 2010.

(2) It is necessary to lay down the financial reference amount intended to cover the expenditure related to EUPOL COPPS for the period from 1 January to 31 December 2010.

(3) It is necessary to specify the conditions under which EUPOL COPPS can recruit staff on a contractual basis.

(4) EUPOL COPPS should have a project cell for identifying and implementing projects.

(5) Joint Action 2005/797/CFSP should be amended accordingly,

HAS ADOPTED THIS DECISION:
Article 1

Joint Action 2005/797/CFSP is hereby amended as follows:

1)

In Article 2, a point shall be added:

‘d)

The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

2)

In Article 8,

a)

paragraph 3 shall be replaced by the following:

‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;

b)

a new paragraph 4 shall be inserted as follows:

‘4.   EUPOL COPPS shall also recruit local staff as required.’,

and the remaining paragraphs shall be renumbered accordingly.
Article 2

The financial reference amount intended to cover the expenditure related to EUPOL COPPS for the period 1 January to 31 December 2010 shall be EUR 6 650 000.
Article 3

This Decision shall enter into force on the date of its adoption.
Article 4

This Decision shall be published in theOfficial Journal of the European Union.
THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union, and in particular Articles 28 and 43(2) thereof,

(1) On 14 November 2005, the Council adopted Joint Action 2005/797/CFSP on the European Union Police Mission for the Palestinian Territories(1)(EUPOL COPPS) for a period of three years. The operational phase of EUPOL COPPS began on 1 January 2006. Joint Action 2005/797/CFSP was extended by Joint Action 2008/958/CFSP(2)until 31 December 2010.

(2) It is necessary to lay down the financial reference amount intended to cover the expenditure related to EUPOL COPPS for the period from 1 January to 31 December 2010.

(3) It is necessary to specify the conditions under which EUPOL COPPS can recruit staff on a contractual basis.

(4) EUPOL COPPS should have a project cell for identifying and implementing projects.

(5) Joint Action 2005/797/CFSP should be amended accordingly,

HAS ADOPTED THIS DECISION:
Joint Action 2005/797/CFSP is hereby amended as follows:

1)

In Article 2, a point shall be added:

‘d)

The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

2)

In Article 8,

a)

paragraph 3 shall be replaced by the following:

‘3.   Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;

b)

a new paragraph 4 shall be inserted as follows:

‘4.   EUPOL COPPS shall also recruit local staff as required.’,

and the remaining paragraphs shall be renumbered accordingly.
The financial reference amount intended to cover the expenditure related to EUPOL COPPS for the period 1 January to 31 December 2010 shall be EUR 6 650 000.
This Decision shall enter into force on the date of its adoption.
This Decision shall be published in theOfficial Journal of the European Union.

Pending: 32009D0906

                                January 16, 2026                            

9.12.2009
EN
Official Journal of the European Union
L 322/22

(1)
On 19 November 2007 the Council adopted Joint Action 2007/749/CFSP on the European Union Police Mission (EUPM) in Bosnia and Herzegovina (BiH)(1). That Joint Action expires on 31 December 2009.

(2)
The command and control structure of EUPM should be without prejudice to the contractual responsibilities of the Head of Mission towards the Commission for implementing the budget of EUPM.

(3)
The watch-keeping capability should be activated for EUPM.

(4)
EUPM will be conducted in the context of a situation which may deteriorate and could harm the objectives of the common foreign and security policy as set out in Article 21 of the Treaty on European Union,

1.
strengthen the operational capacity and joint capability of Law Enforcement Agencies engaged in the fight against organised crime and corruption;

2.
assist and support in the planning and conduct of investigations in the fight against organised crime and corruption in a systematic approach;

3.
assist and promote development of criminal investigative capacities of BiH;

4.
enhance police-prosecution cooperation;

5.
strengthen police-penitentiary system cooperation;

6.
contribute to ensure a suitable level of accountability.

(a)
main headquarters in Sarajevo, composed of the Head of the Mission and staff as defined in the Operation Plan (OPLAN);

(b)
four Regional Offices in Sarajevo, Banja Luka, Mostar and Tuzla;

(c)
co-locations within the relevant Law Enforcement Agencies engaged in the fight against organised crime and corruption at senior management level and on other key level as deemed required (State Investigation and Protection Agency, Border Police, Indirect Taxation Authority, Directorate for Police Coordination, State Prosecutors’ Office etc.).

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union and, in particular, Article 28 and Article 43(2) thereof,

(1) On 19 November 2007 the Council adopted Joint Action 2007/749/CFSP on the European Union Police Mission (EUPM) in Bosnia and Herzegovina (BiH)(1). That Joint Action expires on 31 December 2009.

(2) The command and control structure of EUPM should be without prejudice to the contractual responsibilities of the Head of Mission towards the Commission for implementing the budget of EUPM.

(3) The watch-keeping capability should be activated for EUPM.

(4) EUPM will be conducted in the context of a situation which may deteriorate and could harm the objectives of the common foreign and security policy as set out in Article 21 of the Treaty on European Union,

HAS ADOPTED THIS DECISION:
Mission

Article 1

1.   The European Union Police Mission (EUPM) in Bosnia and Herzegovina (BiH), established by Joint Action 2002/210/CFSP(2), shall be continued from 1 January 2010.

2.   EUPM shall operate in accordance with the mission statement as set out in Article 2 and shall carry out the key tasks as set out in Article 3.
Mission statement

Article 2

As part of the broader rule of law approach in BiH and in the region, EUPM, while retaining residual capacities in the fields of police reform and accountability, shall primarily support BiH relevant Law Enforcement Agencies in the fight against organised crime and corruption, notably focusing on State level Law Enforcement Agencies, on enhancement of the interaction between police and prosecutor and on regional and international cooperation.

EUPM shall provide operational advice to the European Union Special Representative (EUSR) to support him in his role. Through its work and its network within the country, EUPM shall contribute to overall efforts to ensure that the EU is fully informed of developments in BiH.

EUPM shall operate in line with the general objectives of Annex 11 of the General Framework Agreement for Peace in Bosnia and Herzegovina and its objective shall be supported by the European Community instruments.
Mission key tasks

Article 3

In order to achieve the Mission, the key tasks of EUPM shall be to:

1.

strengthen the operational capacity and joint capability of Law Enforcement Agencies engaged in the fight against organised crime and corruption;

2.

assist and support in the planning and conduct of investigations in the fight against organised crime and corruption in a systematic approach;

3.

assist and promote development of criminal investigative capacities of BiH;

4.

enhance police-prosecution cooperation;

5.

strengthen police-penitentiary system cooperation;

6.

contribute to ensure a suitable level of accountability.
Structure of the Mission

Article 4

1.   EUPM shall be structured as follows:

(a)

main headquarters in Sarajevo, composed of the Head of the Mission and staff as defined in the Operation Plan (OPLAN);

(b)

four Regional Offices in Sarajevo, Banja Luka, Mostar and Tuzla;

(c)

co-locations within the relevant Law Enforcement Agencies engaged in the fight against organised crime and corruption at senior management level and on other key level as deemed required (State Investigation and Protection Agency, Border Police, Indirect Taxation Authority, Directorate for Police Coordination, State Prosecutors’ Office etc.).

2.   These elements shall be subject to further detailed arrangements in the OPLAN. The Council shall approve the Concept of Operations (CONOPS) and the OPLAN.
Civilian Operation Commander

Article 5

1.   The Civilian Planning and Conduct Capability (CPCC) Director shall be the Civilian Operation Commander for EUPM.

2.   The Civilian Operation Commander, under the political control and strategic direction of the Political and Security Committee (PSC) and the overall authority of the High Representative of the Union for Foreign Affairs and Security Policy (HR), shall exercise command and control of EUPM at the strategic level.

3.   The Civilian Operation Commander shall ensure proper and effective implementation of the Council’s decisions as well as the PSC’s decisions, including by issuing instructions at the strategic level as required to the Head of Mission and providing him with advice and technical support.

4.   All seconded staff shall remain under the full command of the national authorities of the seconding State or EU institution concerned. National authorities shall transfer Operational Control (OPCON) of their personnel, teams and units to the Civilian Operation Commander.

5.   The Civilian Operation Commander shall have overall responsibility for ensuring that the EU’s duty of care is properly discharged.

6.   The Civilian Operation Commander and the EUSR shall consult each other as required.
Head of Mission

Article 6

1.   The Head of Mission shall assume responsibility for and exercise command and control of EUPM at theatre level.

2.   The Head of Mission shall exercise command and control over personnel, teams and units from contributing States as assigned by the Civilian Operation Commander together with administrative and logistic responsibility including over assets, resources and information placed at the disposal of EUPM.

3.   The Head of Mission shall issue instructions to all EUPM staff for the effective conduct of EUPM in theatre, assuming its coordination and day-to-day management, and following the instructions at the strategic level of the Civilian Operation Commander.

4.   The Head of Mission shall be responsible for the implementation of EUPM’s budget. For this purpose, the Head of Mission shall sign a contract with the Commission.

5.   The Head of Mission shall be responsible for disciplinary control over the staff. For seconded staff, disciplinary action shall be exercised by the national or EU authority concerned.

6.   The Head of Mission shall represent EUPM in the operations area and shall ensure its appropriate visibility.

7.   The Head of Mission shall coordinate, as appropriate, with other EU actors on the ground. The Head of Mission shall, without prejudice to the chain of command, receive local political guidance from the EUSR.
EUPM Staff

Article 7

1.   The numbers and competence of EUPM staff shall be consistent with the mission statement set out in Article 2, the mission key tasks set out in Article 3 and the structure set out in Article 4.

2.   EUPM shall consist primarily of staff seconded by Member States or EU institutions. Each Member State or EU institution shall bear the costs related to any of the staff seconded by it, including travel expenses to and from the place of deployment, salaries, medical coverage and allowances other than applicable daily allowances, as well as hardship and risk allowances.

3.   International civilian staff and local staff may also be recruited by EUPM, as required, on a contractual basis, if the functions required are not provided by personnel seconded by Member States. Exceptionally, in duly justified cases, where no qualified applications from Member States are available, nationals from participating third States may be recruited on a contractual basis, as appropriate.

4.   All staff shall abide by the Mission-specific minimum security operating standards and the Mission security plan supporting the EU field security policy. As regards the protection of EU classified information with which staff are entrusted in the course of their duties, all staff shall respect the security principles and minimum standards established by the Council Decision 2001/264/EC of 19 March 2001 adopting Council’s security regulations(3)(hereinafter referred to as Council’s Security Regulations).
Status of Mission and EUPM staff

Article 8

1.   The necessary arrangements shall be made regarding the continuation of the Agreement between the EU and BiH of 4 October 2002 on the activities of EUPM in BiH for the duration of EUPM.

2.   The State or EU institution having seconded a staff member shall be responsible for answering any claims linked to the secondment, from or concerning the staff member. The State or EU institution in question shall be responsible for bringing any action against the seconded person.

3.   The conditions of employment and the rights and obligations of international and local civilian staff shall be laid down in the contracts between the Head of Mission and the staff member.
Chain of command

Article 9

1.   EUPM shall have a unified chain of command, as a crisis management operation.

2.   Under the responsibility of the Council, the PSC shall exercise political control and strategic direction of EUPM.

3.   The Civilian Operation Commander, under the political control and strategic direction of the PSC and the overall authority of the HR, shall be the commander of EUPM at the strategic level and, as such, shall issue instructions to the Head of Mission and provide him with advice and technical support.

4.   The Civilian Operation Commander shall report to the Council through the HR.

5.   The Head of Mission shall exercise command and control of EUPM at theatre level and shall be directly responsible to the Civilian Operation Commander.
Political control and strategic direction

Article 10

1.   The PSC shall exercise, under the responsibility of the Council, political control and strategic direction of EUPM. The Council hereby authorises the PSC to take the relevant decisions in accordance with the third paragraph of Article 38 of the Treaty. This authorisation shall include the powers to appoint a Head of Mission, upon a proposal of the HR, and to amend the CONOPS and the OPLAN. The powers of decision with respect to the objectives and termination of EUPM shall remain vested in the Council.

2.   The PSC shall report to the Council at regular intervals.

3.   The PSC shall receive, on a regular basis and as required, reports by the Civilian Operation Commander and the Head of Mission on issues within their areas of responsibility.
Participation of third States

Article 11

1.   Without prejudice to the decision-making autonomy of the Union and its single institutional framework, third States may be invited to contribute to EUPM, provided that they bear the cost of the staff seconded by them, including salaries, all risk insurance cover, daily subsistence allowances and travel expenses to and from BiH, and that they contribute to the running costs of EUPM, as appropriate.

2.   Third States contributing to EUPM shall have the same rights and obligations in terms of day-to-day management of EUPM as Member States.

3.   The Council hereby authorises the PSC to take the relevant decisions on acceptance of the proposed contributions and to establish a Committee of Contributors.

4.   Detailed arrangements regarding the participation of third States shall be covered by agreements concluded in accordance with Article 37 of the Treaty. The HR may negotiate such agreements. Where the EU and a third State conclude an agreement establishing a framework for the participation of that third State in EU crisis-management operations, the provisions of that agreement shall apply in the context of the Mission.
Financial arrangements

Article 12

1.   The financial reference amount for the year 2010 to cover the expenditure related to EUPM shall be EUR 14 100 000.

2.   All expenditure shall be managed in accordance with the Community rules and procedures applicable to the general budget of the European Union. In accordance with the Financial Regulation, the Head of Mission may conclude technical arrangements with Member States, participating third States, and other international actors regarding the provision of equipment, services and premises to EUPM. The Head of Mission shall be responsible for the management of a warehouse stocking used equipment that may also be used to respond to urgent requirements in ESDP deployments. Nationals of participating third States and host country nationals shall be allowed to tender for contracts.

3.   The Head of Mission shall report fully to, and be supervised by, the Commission regarding the activities undertaken in the framework of his contract.

4.   The financial arrangements shall respect the operational requirements of EUPM, including compatibility of equipment and interoperability of its teams.

5.   The expenditure related to EUPM shall be eligible as of 1 January 2010.
Security

Article 13

1.   The Civilian Operation Commander shall direct the Head of Mission’s planning of security measures and ensure their proper and effective implementation for EUPM in accordance with Articles 5 and 9, in coordination with the Security Office of the General Secretariat of the Council.

2.   The Head of Mission shall be responsible for the security of EUPM and for ensuring compliance with minimum security requirements applicable to EUPM, in line with the policy of the EU on the security of personnel deployed outside the EU in an operational capacity under Title V of the Treaty, and its supporting instruments.

3.   The Head of Mission shall be assisted by a Senior Mission Security Officer (SMSO), who will report to the Head of Mission and also maintain a close functional relationship with the Security Office of the General Secretariat of the Council.

4.   The Head of Mission shall appoint Area Security Officers in the four regional offices, who, under the authority of the SMSO, shall be responsible for the day-to-day management of all security aspects of the respective EUPM elements.

5.   EUPM staff shall undergo mandatory security training before taking up their duties, in accordance with the OPLAN. They shall also receive regular in-theatre refresher training organised by the SMSO.
Coordination

Article 14

1.   Without prejudice to the chain of command, the Head of Mission shall act in close coordination with the EU delegation in BiH to ensure consistency of EU action in support of BiH.

2.   The Head of Mission shall coordinate closely with the EU Heads of Missions in BiH.

3.   The Head of Mission shall cooperate with the other international actors present in the country, in particular OSCE, the Council of Europe and with the International Criminal Investigation Training Assistance Programme (ICITAP).
Release of classified information

Article 15

1.   The HR shall be authorised to release to the third States associated with this Decision, as appropriate and in accordance with the needs of EUPM, EU classified information and documents up to ‘RESTREINT UE’ level generated for the purposes of EUPM, in accordance with the Council’s Security Regulations.

2.   In the event of a specific and immediate operational need, the HR shall also be authorised to release to the host State any EU classified information and documents up to ‘RESTREINT UE’ level which are generated for the purposes of EUPM, in accordance with the Council’s Security Regulations. In all other cases, such information and documents shall be released to the host State in accordance with the appropriate procedures for cooperation by the host State with the EU.

3.   The HR shall be authorised to release to the third States associated with this Decision any EU non-classified documents connected with the deliberations of the Council relating to EUPM and covered by the obligation of professional secrecy pursuant to Article 6(1) of the Council’s Rules of Procedure(4).
Review

Article 16

A six-monthly review process, in accordance with the assessment criteria set out in the CONOPS and the OPLAN shall enable adjustments to be made to EUPM’s activities, as necessary.
Watch-Keeping Capability

Article 17

The Watch-Keeping Capability shall be activated for EUPM.
Entry into force and duration

Article 18

This Decision shall enter into force on the date of its adoption.

It shall apply from 1 January 2010 until 31 December 2011. The budget for 2011 shall be decided upon separately by the Council.
Publication

Article 19

1.   This Decision shall be published in theOfficial Journal of the European Union.

2.   Decisions of the PSC pursuant to Article 10(1) regarding the appointment of the Head of Mission shall also be published in theOfficial Journal of the European Union.
THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on European Union and, in particular, Article 28 and Article 43(2) thereof,

(1) On 19 November 2007 the Council adopted Joint Action 2007/749/CFSP on the European Union Police Mission (EUPM) in Bosnia and Herzegovina (BiH)(1). That Joint Action expires on 31 December 2009.

(2) The command and control structure of EUPM should be without prejudice to the contractual responsibilities of the Head of Mission towards the Commission for implementing the budget of EUPM.

(3) The watch-keeping capability should be activated for EUPM.

(4) EUPM will be conducted in the context of a situation which may deteriorate and could harm the objectives of the common foreign and security policy as set out in Article 21 of the Treaty on European Union,

HAS ADOPTED THIS DECISION:
Mission1.   The European Union Police Mission (EUPM) in Bosnia and Herzegovina (BiH), established by Joint Action 2002/210/CFSP(2), shall be continued from 1 January 2010.

2.   EUPM shall operate in accordance with the mission statement as set out in Article 2 and shall carry out the key tasks as set out in Article 3.
Mission statementAs part of the broader rule of law approach in BiH and in the region, EUPM, while retaining residual capacities in the fields of police reform and accountability, shall primarily support BiH relevant Law Enforcement Agencies in the fight against organised crime and corruption, notably focusing on State level Law Enforcement Agencies, on enhancement of the interaction between police and prosecutor and on regional and international cooperation.

EUPM shall provide operational advice to the European Union Special Representative (EUSR) to support him in his role. Through its work and its network within the country, EUPM shall contribute to overall efforts to ensure that the EU is fully informed of developments in BiH.

EUPM shall operate in line with the general objectives of Annex 11 of the General Framework Agreement for Peace in Bosnia and Herzegovina and its objective shall be supported by the European Community instruments.
Mission key tasksIn order to achieve the Mission, the key tasks of EUPM shall be to:

1.

strengthen the operational capacity and joint capability of Law Enforcement Agencies engaged in the fight against organised crime and corruption;

2.

assist and support in the planning and conduct of investigations in the fight against organised crime and corruption in a systematic approach;

3.

assist and promote development of criminal investigative capacities of BiH;

4.

enhance police-prosecution cooperation;

5.

strengthen police-penitentiary system cooperation;

6.

contribute to ensure a suitable level of accountability.
Structure of the Mission1.   EUPM shall be structured as follows:

(a)

main headquarters in Sarajevo, composed of the Head of the Mission and staff as defined in the Operation Plan (OPLAN);

(b)

four Regional Offices in Sarajevo, Banja Luka, Mostar and Tuzla;

(c)

co-locations within the relevant Law Enforcement Agencies engaged in the fight against organised crime and corruption at senior management level and on other key level as deemed required (State Investigation and Protection Agency, Border Police, Indirect Taxation Authority, Directorate for Police Coordination, State Prosecutors’ Office etc.).

2.   These elements shall be subject to further detailed arrangements in the OPLAN. The Council shall approve the Concept of Operations (CONOPS) and the OPLAN.
Civilian Operation Commander1.   The Civilian Planning and Conduct Capability (CPCC) Director shall be the Civilian Operation Commander for EUPM.

2.   The Civilian Operation Commander, under the political control and strategic direction of the Political and Security Committee (PSC) and the overall authority of the High Representative of the Union for Foreign Affairs and Security Policy (HR), shall exercise command and control of EUPM at the strategic level.

3.   The Civilian Operation Commander shall ensure proper and effective implementation of the Council’s decisions as well as the PSC’s decisions, including by issuing instructions at the strategic level as required to the Head of Mission and providing him with advice and technical support.

4.   All seconded staff shall remain under the full command of the national authorities of the seconding State or EU institution concerned. National authorities shall transfer Operational Control (OPCON) of their personnel, teams and units to the Civilian Operation Commander.

5.   The Civilian Operation Commander shall have overall responsibility for ensuring that the EU’s duty of care is properly discharged.

6.   The Civilian Operation Commander and the EUSR shall consult each other as required.
Head of Mission1.   The Head of Mission shall assume responsibility for and exercise command and control of EUPM at theatre level.

2.   The Head of Mission shall exercise command and control over personnel, teams and units from contributing States as assigned by the Civilian Operation Commander together with administrative and logistic responsibility including over assets, resources and information placed at the disposal of EUPM.

3.   The Head of Mission shall issue instructions to all EUPM staff for the effective conduct of EUPM in theatre, assuming its coordination and day-to-day management, and following the instructions at the strategic level of the Civilian Operation Commander.

4.   The Head of Mission shall be responsible for the implementation of EUPM’s budget. For this purpose, the Head of Mission shall sign a contract with the Commission.

5.   The Head of Mission shall be responsible for disciplinary control over the staff. For seconded staff, disciplinary action shall be exercised by the national or EU authority concerned.

6.   The Head of Mission shall represent EUPM in the operations area and shall ensure its appropriate visibility.

7.   The Head of Mission shall coordinate, as appropriate, with other EU actors on the ground. The Head of Mission shall, without prejudice to the chain of command, receive local political guidance from the EUSR.
EUPM Staff1.   The numbers and competence of EUPM staff shall be consistent with the mission statement set out in Article 2, the mission key tasks set out in Article 3 and the structure set out in Article 4.

2.   EUPM shall consist primarily of staff seconded by Member States or EU institutions. Each Member State or EU institution shall bear the costs related to any of the staff seconded by it, including travel expenses to and from the place of deployment, salaries, medical coverage and allowances other than applicable daily allowances, as well as hardship and risk allowances.

3.   International civilian staff and local staff may also be recruited by EUPM, as required, on a contractual basis, if the functions required are not provided by personnel seconded by Member States. Exceptionally, in duly justified cases, where no qualified applications from Member States are available, nationals from participating third States may be recruited on a contractual basis, as appropriate.

4.   All staff shall abide by the Mission-specific minimum security operating standards and the Mission security plan supporting the EU field security policy. As regards the protection of EU classified information with which staff are entrusted in the course of their duties, all staff shall respect the security principles and minimum standards established by the Council Decision 2001/264/EC of 19 March 2001 adopting Council’s security regulations(3)(hereinafter referred to as Council’s Security Regulations).
Status of Mission and EUPM staff1.   The necessary arrangements shall be made regarding the continuation of the Agreement between the EU and BiH of 4 October 2002 on the activities of EUPM in BiH for the duration of EUPM.

2.   The State or EU institution having seconded a staff member shall be responsible for answering any claims linked to the secondment, from or concerning the staff member. The State or EU institution in question shall be responsible for bringing any action against the seconded person.

3.   The conditions of employment and the rights and obligations of international and local civilian staff shall be laid down in the contracts between the Head of Mission and the staff member.
Chain of command1.   EUPM shall have a unified chain of command, as a crisis management operation.

2.   Under the responsibility of the Council, the PSC shall exercise political control and strategic direction of EUPM.

3.   The Civilian Operation Commander, under the political control and strategic direction of the PSC and the overall authority of the HR, shall be the commander of EUPM at the strategic level and, as such, shall issue instructions to the Head of Mission and provide him with advice and technical support.

4.   The Civilian Operation Commander shall report to the Council through the HR.

5.   The Head of Mission shall exercise command and control of EUPM at theatre level and shall be directly responsible to the Civilian Operation Commander.
Political control and strategic direction1.   The PSC shall exercise, under the responsibility of the Council, political control and strategic direction of EUPM. The Council hereby authorises the PSC to take the relevant decisions in accordance with the third paragraph of Article 38 of the Treaty. This authorisation shall include the powers to appoint a Head of Mission, upon a proposal of the HR, and to amend the CONOPS and the OPLAN. The powers of decision with respect to the objectives and termination of EUPM shall remain vested in the Council.

2.   The PSC shall report to the Council at regular intervals.

3.   The PSC shall receive, on a regular basis and as required, reports by the Civilian Operation Commander and the Head of Mission on issues within their areas of responsibility.
Participation of third States1.   Without prejudice to the decision-making autonomy of the Union and its single institutional framework, third States may be invited to contribute to EUPM, provided that they bear the cost of the staff seconded by them, including salaries, all risk insurance cover, daily subsistence allowances and travel expenses to and from BiH, and that they contribute to the running costs of EUPM, as appropriate.

2.   Third States contributing to EUPM shall have the same rights and obligations in terms of day-to-day management of EUPM as Member States.

3.   The Council hereby authorises the PSC to take the relevant decisions on acceptance of the proposed contributions and to establish a Committee of Contributors.

4.   Detailed arrangements regarding the participation of third States shall be covered by agreements concluded in accordance with Article 37 of the Treaty. The HR may negotiate such agreements. Where the EU and a third State conclude an agreement establishing a framework for the participation of that third State in EU crisis-management operations, the provisions of that agreement shall apply in the context of the Mission.
Financial arrangements1.   The financial reference amount for the year 2010 to cover the expenditure related to EUPM shall be EUR 14 100 000.

2.   All expenditure shall be managed in accordance with the Community rules and procedures applicable to the general budget of the European Union. In accordance with the Financial Regulation, the Head of Mission may conclude technical arrangements with Member States, participating third States, and other international actors regarding the provision of equipment, services and premises to EUPM. The Head of Mission shall be responsible for the management of a warehouse stocking used equipment that may also be used to respond to urgent requirements in ESDP deployments. Nationals of participating third States and host country nationals shall be allowed to tender for contracts.

3.   The Head of Mission shall report fully to, and be supervised by, the Commission regarding the activities undertaken in the framework of his contract.

4.   The financial arrangements shall respect the operational requirements of EUPM, including compatibility of equipment and interoperability of its teams.

5.   The expenditure related to EUPM shall be eligible as of 1 January 2010.
Security1.   The Civilian Operation Commander shall direct the Head of Mission’s planning of security measures and ensure their proper and effective implementation for EUPM in accordance with Articles 5 and 9, in coordination with the Security Office of the General Secretariat of the Council.

2.   The Head of Mission shall be responsible for the security of EUPM and for ensuring compliance with minimum security requirements applicable to EUPM, in line with the policy of the EU on the security of personnel deployed outside the EU in an operational capacity under Title V of the Treaty, and its supporting instruments.

3.   The Head of Mission shall be assisted by a Senior Mission Security Officer (SMSO), who will report to the Head of Mission and also maintain a close functional relationship with the Security Office of the General Secretariat of the Council.

4.   The Head of Mission shall appoint Area Security Officers in the four regional offices, who, under the authority of the SMSO, shall be responsible for the day-to-day management of all security aspects of the respective EUPM elements.

5.   EUPM staff shall undergo mandatory security training before taking up their duties, in accordance with the OPLAN. They shall also receive regular in-theatre refresher training organised by the SMSO.
Coordination1.   Without prejudice to the chain of command, the Head of Mission shall act in close coordination with the EU delegation in BiH to ensure consistency of EU action in support of BiH.

2.   The Head of Mission shall coordinate closely with the EU Heads of Missions in BiH.

3.   The Head of Mission shall cooperate with the other international actors present in the country, in particular OSCE, the Council of Europe and with the International Criminal Investigation Training Assistance Programme (ICITAP).
Release of classified information1.   The HR shall be authorised to release to the third States associated with this Decision, as appropriate and in accordance with the needs of EUPM, EU classified information and documents up to ‘RESTREINT UE’ level generated for the purposes of EUPM, in accordance with the Council’s Security Regulations.

2.   In the event of a specific and immediate operational need, the HR shall also be authorised to release to the host State any EU classified information and documents up to ‘RESTREINT UE’ level which are generated for the purposes of EUPM, in accordance with the Council’s Security Regulations. In all other cases, such information and documents shall be released to the host State in accordance with the appropriate procedures for cooperation by the host State with the EU.

3.   The HR shall be authorised to release to the third States associated with this Decision any EU non-classified documents connected with the deliberations of the Council relating to EUPM and covered by the obligation of professional secrecy pursuant to Article 6(1) of the Council’s Rules of Procedure(4).
ReviewA six-monthly review process, in accordance with the assessment criteria set out in the CONOPS and the OPLAN shall enable adjustments to be made to EUPM’s activities, as necessary.
Watch-Keeping CapabilityThe Watch-Keeping Capability shall be activated for EUPM.
Entry into force and durationThis Decision shall enter into force on the date of its adoption.

It shall apply from 1 January 2010 until 31 December 2011. The budget for 2011 shall be decided upon separately by the Council.
Publication1.   This Decision shall be published in theOfficial Journal of the European Union.

2.   Decisions of the PSC pursuant to Article 10(1) regarding the appointment of the Head of Mission shall also be published in theOfficial Journal of the European Union.

Pending: 32009D0870

                                January 16, 2026                            

2.12.2009
EN
Official Journal of the European Union
L 315/11

(1)
Commission Decision 2009/821/EC of 28 September 2009 drawing up a list of approved border inspection posts, laying down certain rules on the inspections carried out by Commission veterinary experts and laying down the veterinary units in Traces(3)lays down a list of border inspection posts approved in accordance with Directives 91/496/EEC and 97/78/EC. That list is set out in Annex I to that Decision.

(2)
The Commission inspection service, the Food and Veterinary Office (FVO) carried out an inspection at the border inspection post at the airport of Copenhagen in Denmark. The results of the inspection were satisfactory. An additional inspection centre should therefore be added for that border inspection post in the list set out in Annex I to Decision 2009/821/EC.

(3)
Following communications from Denmark, France, Italy and Portugal, certain categories of animals or products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be added to the list of border inspection posts for those Member States set out in Annex I to that Decision.

(4)
Following results of FVO inspections, in accordance with Decision 2009/821/EC, and communications from France, Ireland and Italy, certain categories of animals and products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be removed from the list of border inspection posts for those Member States set out in Annex I to that Decision.

(5)
Following a communication from Latvia, the list of border inspection posts for that Member State should be amended to take account of the suspension of one of its border inspection posts.

(6)
Following communications from Belgium, Germany and France, certain border inspection posts for those Member States should be deleted from the list of border inspection posts set out in Annex I to Decision 2009/821/EC.

(7)
Following communication from Italy, the list of border inspection posts for that Member State should be amended to take account of the change of the name of one of its border inspection posts.

(8)
In addition, Belgium communicated that the OCHZ facility at the border inspection post at Zeebrugge has been closed and a new inspection facility has been put in place.

(9)
Decision 2009/821/EC should therefore be amended accordingly.

(10)
The measures provided for in this Decision are in accordance with the opinion of the Standing Committee on the Food Chain and Animal Health,

1)
The part concerning Belgium is amended as follows:(a)the entry for the port at Oostende is deleted;(b)the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’
(a)
the entry for the port at Oostende is deleted;
(b)
the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’
‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

(a)
the entry for the port at Oostende is deleted;

(b)
the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’
‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

(a)
the entry for the port at Oostende is deleted;

(b)
the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’
‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

‘Zeebrugge
BE ZEE 1
P

HC(2), NHC(2)’

2)
The part concerning Denmark is amended as follows:(a)the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’(b)the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’
(a)
the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’
‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O
Centre 4
HC(2)’

(b)
the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’
‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

(a)
the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’
‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O
Centre 4
HC(2)’

‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O

Centre 4
HC(2)’

(b)
the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’
‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

(a)
the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’
‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O
Centre 4
HC(2)’

‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O

Centre 4
HC(2)’

‘København
DK CPH 4
A
Centre 1, SAS 1 (North)
HC(1)(2), NHC (*)

Centre 2, SAS 2 (East)
HC (*), NHC(2)

Centre 3

U, E, O

Centre 4
HC(2)’

(b)
the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’
‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

‘Skagen
DK SKA 1
P

HC-(FR)(1)(2)(3), NHC(6)’

3)
In the part concerning Germany, the entries for the border inspection posts at Kiel, Lübeck and Rügen are deleted.

4)
The part concerning Ireland is amended as follows:(a)the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’(b)the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’
(a)
the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’
‘Dublin Airport
IE DUB 4
A

E’
(b)
the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’
‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

(a)
the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’
‘Dublin Airport
IE DUB 4
A

E’

‘Dublin Airport
IE DUB 4
A

E’

(b)
the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’
‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

(a)
the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’
‘Dublin Airport
IE DUB 4
A

E’

‘Dublin Airport
IE DUB 4
A

E’

‘Dublin Airport
IE DUB 4
A

E’

(b)
the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’
‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

‘Shannon
IE SNN 4
A

HC(2), NHC(2)
U, E’

5)
The part concerning France is amended as follows:(a)the entry for the port at Concarneau–Douarnenez is deleted;(b)the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’(c)the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’
(a)
the entry for the port at Concarneau–Douarnenez is deleted;
(b)
the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’
‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’
(c)
the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’
‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

(a)
the entry for the port at Concarneau–Douarnenez is deleted;

(b)
the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’
‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’

‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’

(c)
the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’
‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

(a)
the entry for the port at Concarneau–Douarnenez is deleted;

(b)
the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’
‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’

‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’

‘Roissy Charles-de-Gaulle
FR CDG 4
A
Air France
HC-T(1),HC-NT,NHC-NT

France Handling
HC-T(1),HC-NT,NHC

Station animalière

E, O(14)’

(c)
the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’
‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

‘Vatry
FR VRY 4
A

HC-T(CH)(1)(2), NHC-NT(2)’

6)
The part concerning Italy is amended as follows:(a)the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’(b)the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’(c)the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’
(a)
the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’
‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

(b)
the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’
‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

(c)
the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’
‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

(a)
the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’
‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

(b)
the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’
‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

(c)
the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’
‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

(a)
the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’
‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

‘Civitavecchia
IT CVV 1
P

HC(2), NHC(2)’

(b)
the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’
‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

‘Gioia Tauro
IT GIT 1
P

HC(2),NHC-NT(2)’

(c)
the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’
‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

‘Vado Ligure Savona
IT VDL 1
P

HC(2),NHC-NT(2)’

7)
In the part concerning Latvia, the entry for the port at Riga (Baltmarine Terminal) is replaced by the following:‘Riga (Baltmarine Terminal) (*)LV BTM 1PHC-T(FR)(2) (*)’
‘Riga (Baltmarine Terminal) (*)
LV BTM 1
P

HC-T(FR)(2) (*)’

‘Riga (Baltmarine Terminal) (*)
LV BTM 1
P

HC-T(FR)(2) (*)’

‘Riga (Baltmarine Terminal) (*)
LV BTM 1
P

HC-T(FR)(2) (*)’

8)
In the part concerning Portugal, the entry for the airport at Lisbon is replaced by the following:‘LisboaPT LIS 4AHC(2),NHC-NT(2)O’
‘Lisboa
PT LIS 4
A

HC(2),NHC-NT(2)
O’

‘Lisboa
PT LIS 4
A

HC(2),NHC-NT(2)
O’

‘Lisboa
PT LIS 4
A

HC(2),NHC-NT(2)
O’

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Directive 91/496/EEC of 15 July 1991 laying down the principles governing the organisation of veterinary checks on animals entering the Community from third countries and amending Directives 89/662/EEC, 90/425/EEC and 90/675/EEC(1), and in particular the last sentence of the second subparagraph of Article 6(4) thereof,

Having regard to Council Directive 97/78/EC of 18 December 1997 laying down the principles governing the organisation of veterinary checks on products entering the Community from third countries(2), and in particular Article 6(2) thereof,

(1) Commission Decision 2009/821/EC of 28 September 2009 drawing up a list of approved border inspection posts, laying down certain rules on the inspections carried out by Commission veterinary experts and laying down the veterinary units in Traces(3)lays down a list of border inspection posts approved in accordance with Directives 91/496/EEC and 97/78/EC. That list is set out in Annex I to that Decision.

(2) The Commission inspection service, the Food and Veterinary Office (FVO) carried out an inspection at the border inspection post at the airport of Copenhagen in Denmark. The results of the inspection were satisfactory. An additional inspection centre should therefore be added for that border inspection post in the list set out in Annex I to Decision 2009/821/EC.

(3) Following communications from Denmark, France, Italy and Portugal, certain categories of animals or products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be added to the list of border inspection posts for those Member States set out in Annex I to that Decision.

(4) Following results of FVO inspections, in accordance with Decision 2009/821/EC, and communications from France, Ireland and Italy, certain categories of animals and products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be removed from the list of border inspection posts for those Member States set out in Annex I to that Decision.

(5) Following a communication from Latvia, the list of border inspection posts for that Member State should be amended to take account of the suspension of one of its border inspection posts.

(6) Following communications from Belgium, Germany and France, certain border inspection posts for those Member States should be deleted from the list of border inspection posts set out in Annex I to Decision 2009/821/EC.

(7) Following communication from Italy, the list of border inspection posts for that Member State should be amended to take account of the change of the name of one of its border inspection posts.

(8) In addition, Belgium communicated that the OCHZ facility at the border inspection post at Zeebrugge has been closed and a new inspection facility has been put in place.

(9) Decision 2009/821/EC should therefore be amended accordingly.

(10) The measures provided for in this Decision are in accordance with the opinion of the Standing Committee on the Food Chain and Animal Health,

HAS ADOPTED THIS DECISION:
Article 1

Annex I to Decision 2009/821/EC is amended in accordance with the Annex to this Decision.
Article 2

This Decision is addressed to the Member States.
THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Directive 91/496/EEC of 15 July 1991 laying down the principles governing the organisation of veterinary checks on animals entering the Community from third countries and amending Directives 89/662/EEC, 90/425/EEC and 90/675/EEC(1), and in particular the last sentence of the second subparagraph of Article 6(4) thereof,

Having regard to Council Directive 97/78/EC of 18 December 1997 laying down the principles governing the organisation of veterinary checks on products entering the Community from third countries(2), and in particular Article 6(2) thereof,

(1) Commission Decision 2009/821/EC of 28 September 2009 drawing up a list of approved border inspection posts, laying down certain rules on the inspections carried out by Commission veterinary experts and laying down the veterinary units in Traces(3)lays down a list of border inspection posts approved in accordance with Directives 91/496/EEC and 97/78/EC. That list is set out in Annex I to that Decision.

(2) The Commission inspection service, the Food and Veterinary Office (FVO) carried out an inspection at the border inspection post at the airport of Copenhagen in Denmark. The results of the inspection were satisfactory. An additional inspection centre should therefore be added for that border inspection post in the list set out in Annex I to Decision 2009/821/EC.

(3) Following communications from Denmark, France, Italy and Portugal, certain categories of animals or products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be added to the list of border inspection posts for those Member States set out in Annex I to that Decision.

(4) Following results of FVO inspections, in accordance with Decision 2009/821/EC, and communications from France, Ireland and Italy, certain categories of animals and products of animal origin that can be checked at certain border inspection posts already approved in accordance with Decision 2009/821/EC should be removed from the list of border inspection posts for those Member States set out in Annex I to that Decision.

(5) Following a communication from Latvia, the list of border inspection posts for that Member State should be amended to take account of the suspension of one of its border inspection posts.

(6) Following communications from Belgium, Germany and France, certain border inspection posts for those Member States should be deleted from the list of border inspection posts set out in Annex I to Decision 2009/821/EC.

(7) Following communication from Italy, the list of border inspection posts for that Member State should be amended to take account of the change of the name of one of its border inspection posts.

(8) In addition, Belgium communicated that the OCHZ facility at the border inspection post at Zeebrugge has been closed and a new inspection facility has been put in place.

(9) Decision 2009/821/EC should therefore be amended accordingly.

(10) The measures provided for in this Decision are in accordance with the opinion of the Standing Committee on the Food Chain and Animal Health,

HAS ADOPTED THIS DECISION:
Annex I to Decision 2009/821/EC is amended in accordance with the Annex to this Decision.
This Decision is addressed to the Member States.
ANNEXAnnex I is amended as follows:
1) | The part concerning Belgium is amended as follows:(a)the entry for the port at Oostende is deleted;(b)the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’ | (a) | the entry for the port at Oostende is deleted; | (b) | the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’ | ‘Zeebrugge | BE ZEE 1 | P |  | HC(2), NHC(2)’ | 

(a) | the entry for the port at Oostende is deleted;

(b) | the entry for the port at Zeebrugge is replaced by the following:‘ZeebruggeBE ZEE 1PHC(2), NHC(2)’ | ‘Zeebrugge | BE ZEE 1 | P |  | HC(2), NHC(2)’ | 

‘Zeebrugge | BE ZEE 1 | P |  | HC(2), NHC(2)’ | 

2) | The part concerning Denmark is amended as follows:(a)the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’(b)the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’ | (a) | the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’ | ‘København | DK CPH 4 | A | Centre 1, SAS 1 (North) | HC(1)(2), NHC (*) |  | Centre 2, SAS 2 (East) | HC (*), NHC(2) |  | Centre 3 |  | U, E, O | Centre 4 | HC(2)’ |  | (b) | the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’ | ‘Skagen | DK SKA 1 | P |  | HC-(FR)(1)(2)(3), NHC(6)’ | 

(a) | the entry for the airport at Copenhagen is replaced by the following:‘KøbenhavnDK CPH 4ACentre 1, SAS 1 (North)HC(1)(2), NHC (*)Centre 2, SAS 2 (East)HC (*), NHC(2)Centre 3U, E, OCentre 4HC(2)’ | ‘København | DK CPH 4 | A | Centre 1, SAS 1 (North) | HC(1)(2), NHC (*) |  | Centre 2, SAS 2 (East) | HC (*), NHC(2) |  | Centre 3 |  | U, E, O | Centre 4 | HC(2)’ | 

‘København | DK CPH 4 | A | Centre 1, SAS 1 (North) | HC(1)(2), NHC (*) | 

Centre 2, SAS 2 (East) | HC (*), NHC(2) | 

Centre 3 |  | U, E, O

Centre 4 | HC(2)’ | 

(b) | the entry for the port at Skagen is replaced by the following:‘SkagenDK SKA 1PHC-(FR)(1)(2)(3), NHC(6)’ | ‘Skagen | DK SKA 1 | P |  | HC-(FR)(1)(2)(3), NHC(6)’ | 

‘Skagen | DK SKA 1 | P |  | HC-(FR)(1)(2)(3), NHC(6)’ | 

3) | In the part concerning Germany, the entries for the border inspection posts at Kiel, Lübeck and Rügen are deleted.

4) | The part concerning Ireland is amended as follows:(a)the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’(b)the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’ | (a) | the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’ | ‘Dublin Airport | IE DUB 4 | A |  |  | E’ | (b) | the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’ | ‘Shannon | IE SNN 4 | A |  | HC(2), NHC(2) | U, E’

(a) | the entry for the airport at Dublin is replaced by the following:‘Dublin AirportIE DUB 4AE’ | ‘Dublin Airport | IE DUB 4 | A |  |  | E’

‘Dublin Airport | IE DUB 4 | A |  |  | E’

(b) | the entry for the airport at Shannon is replaced by the following:‘ShannonIE SNN 4AHC(2), NHC(2)U, E’ | ‘Shannon | IE SNN 4 | A |  | HC(2), NHC(2) | U, E’

‘Shannon | IE SNN 4 | A |  | HC(2), NHC(2) | U, E’

5) | The part concerning France is amended as follows:(a)the entry for the port at Concarneau–Douarnenez is deleted;(b)the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’(c)the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’ | (a) | the entry for the port at Concarneau–Douarnenez is deleted; | (b) | the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’ | ‘Roissy Charles-de-Gaulle | FR CDG 4 | A | Air France | HC-T(1),HC-NT,NHC-NT |  | France Handling | HC-T(1),HC-NT,NHC |  | Station animalière |  | E, O(14)’ | (c) | the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’ | ‘Vatry | FR VRY 4 | A |  | HC-T(CH)(1)(2), NHC-NT(2)’ | 

(a) | the entry for the port at Concarneau–Douarnenez is deleted;

(b) | the entry for the airport at Roissy Charles–de–Gaulle is replaced by the following:‘Roissy Charles-de-GaulleFR CDG 4AAir FranceHC-T(1),HC-NT,NHC-NTFrance HandlingHC-T(1),HC-NT,NHCStation animalièreE, O(14)’ | ‘Roissy Charles-de-Gaulle | FR CDG 4 | A | Air France | HC-T(1),HC-NT,NHC-NT |  | France Handling | HC-T(1),HC-NT,NHC |  | Station animalière |  | E, O(14)’

‘Roissy Charles-de-Gaulle | FR CDG 4 | A | Air France | HC-T(1),HC-NT,NHC-NT | 

France Handling | HC-T(1),HC-NT,NHC | 

Station animalière |  | E, O(14)’

(c) | the entry for the airport at Vatry is replaced by the following:‘VatryFR VRY 4AHC-T(CH)(1)(2), NHC-NT(2)’ | ‘Vatry | FR VRY 4 | A |  | HC-T(CH)(1)(2), NHC-NT(2)’ | 

‘Vatry | FR VRY 4 | A |  | HC-T(CH)(1)(2), NHC-NT(2)’ | 

6) | The part concerning Italy is amended as follows:(a)the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’(b)the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’(c)the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’ | (a) | the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’ | ‘Civitavecchia | IT CVV 1 | P |  | HC(2), NHC(2)’ |  | (b) | the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’ | ‘Gioia Tauro | IT GIT 1 | P |  | HC(2),NHC-NT(2)’ |  | (c) | the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’ | ‘Vado Ligure Savona | IT VDL 1 | P |  | HC(2),NHC-NT(2)’ | 

(a) | the entry for the port at Civitavecchia is replaced by the following:‘CivitavecchiaIT CVV 1PHC(2), NHC(2)’ | ‘Civitavecchia | IT CVV 1 | P |  | HC(2), NHC(2)’ | 

‘Civitavecchia | IT CVV 1 | P |  | HC(2), NHC(2)’ | 

(b) | the entry for the port at Gioia Tauro is replaced by the following:‘Gioia TauroIT GIT 1PHC(2),NHC-NT(2)’ | ‘Gioia Tauro | IT GIT 1 | P |  | HC(2),NHC-NT(2)’ | 

‘Gioia Tauro | IT GIT 1 | P |  | HC(2),NHC-NT(2)’ | 

(c) | the entry for the port at Vado Ligure Savona port is replaced by the following:‘Vado Ligure SavonaIT VDL 1PHC(2),NHC-NT(2)’ | ‘Vado Ligure Savona | IT VDL 1 | P |  | HC(2),NHC-NT(2)’ | 

‘Vado Ligure Savona | IT VDL 1 | P |  | HC(2),NHC-NT(2)’ | 

7) | In the part concerning Latvia, the entry for the port at Riga (Baltmarine Terminal) is replaced by the following:‘Riga (Baltmarine Terminal) (*)LV BTM 1PHC-T(FR)(2) (*)’ | ‘Riga (Baltmarine Terminal) (*) | LV BTM 1 | P |  | HC-T(FR)(2) (*)’ | 

‘Riga (Baltmarine Terminal) (*) | LV BTM 1 | P |  | HC-T(FR)(2) (*)’ | 

8) | In the part concerning Portugal, the entry for the airport at Lisbon is replaced by the following:‘LisboaPT LIS 4AHC(2),NHC-NT(2)O’ | ‘Lisboa | PT LIS 4 | A |  | HC(2),NHC-NT(2) | O’

‘Lisboa | PT LIS 4 | A |  | HC(2),NHC-NT(2) | O’

Financial year	Coefficient
Cash changeover year	1
Cash changeover year plus 1 year	0,8606735
Cash changeover year plus 2 years	0,7013472
Cash changeover year plus 3 years	0,5334835
Cash changeover year plus 4 years	0,3598237
Cash changeover year plus 5 years	0,1817225

1.	Banknotes in circulationFor the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem ‘Banknotes in circulation’:(a)includes banknotes issued by the NCB and denominated in its national currency unit; and(b)must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).After the relevant cash changeover year, for each NCB ‘banknotes in circulation’ means banknotes denominated in euro, to the exclusion of any other banknotes.If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.	(a)	includes banknotes issued by the NCB and denominated in its national currency unit; and	(b)	must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).
(a)	includes banknotes issued by the NCB and denominated in its national currency unit; and
(b)	must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).

2.	Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:(a)current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);(b)amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);(c)fixed-term deposits (liability item 2.3 of the HBS);(d)liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);(e)deposits related to margin calls (liability item 2.5 of the HBS).	(a)	current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);	(b)	amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);	(c)	fixed-term deposits (liability item 2.3 of the HBS);	(d)	liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);	(e)	deposits related to margin calls (liability item 2.5 of the HBS).
(a)	current accounts including minimum reserve requirements pursuant to Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);
(b)	amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);
(c)	fixed-term deposits (liability item 2.3 of the HBS);
(d)	liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);
(e)	deposits related to margin calls (liability item 2.5 of the HBS).

	A.	Earmarkable assets include, with the exclusion of any other items:1.Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).2.Securities held for monetary policy purposes (asset item 7.1 of the HBS).3.Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).4.Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).5.Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).6.Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.7.Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.8.Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).	1.	Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).	2.	Securities held for monetary policy purposes (asset item 7.1 of the HBS).	3.	Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).	4.	Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).	5.	Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).	6.	Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.	7.	Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.	8.	Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).
1.	Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).
2.	Securities held for monetary policy purposes (asset item 7.1 of the HBS).
3.	Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB pursuant to Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).
4.	Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).
5.	Net intra-Eurosystem claims resulting from TARGET2 transactions remunerated at the reference rate (part of asset item 9.5 of the HBS).
6.	Gold, including claims in respect of gold transferred to the ECB, in an amount permitting each NCB to earmark a proportion of its gold that corresponds to the application of its share in the subscribed capital key to the total amount of gold earmarked by all NCBs (asset item 1 and part of asset item 9.2 of the HBS).For the purposes of this Decision, gold is valued on the basis of the gold price in euro per fine ounce as at 31 December 2002.
7.	Claims resulting from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have then entered into circulation before the cash changeover date (part of asset item 4.1 of the HBS until the cash changeover date and thereafter part of the correspondent accounts under asset item 9.5 of the HBS), but only until such claims become part of the intra-Eurosystem claims resulting from TARGET2 transactions.
8.	Outstanding claims arising from default by Eurosystem counterparties in the context of Eurosystem credit operations, and/or financial assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).

Decision ECB/2001/16	OJ L 337, 20.12.2001, p. 55.
Decision ECB/2003/22	OJ L 9, 15.1.2004, p. 39.
Decision ECB/2006/7	OJ L 148, 2.6.2006, p. 56.
Decision ECB/2007/15	OJ L 333, 19.12.2007, p. 86.
Decision ECB/2009/27	OJ L 339, 22.12.2009, p. 55.

Decision ECB/2001/16	This Decision
Article 5a	Article 6
Article 6	Article 7

(b)	(i)Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised(ii)Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iii)Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised(iv)Marketable equity instrumentsMarket price and foreign exchange market rate	(i)	Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised	(ii)	Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised	(iii)	Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised	(iv)	Marketable equity instrumentsMarket price and foreign exchange market rate
(i)	Marketable securities other than held-to-maturityMarket price and foreign exchange market rateAny premiums or discounts are amortised
(ii)	Marketable securities classified as held-to-maturityCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iii)	Non-marketable securitiesCost subject to impairment and foreign exchange market rateAny premiums or discounts are amortised
(iv)	Marketable equity instrumentsMarket price and foreign exchange market rate

Balance sheet item	Categorisation of contents of balance sheet items	Valuation principle
1Banknotes in circulation	1	Banknotes in circulation	Euro banknotes issued by the ECB, in accordance with Decision ECB/2010/29	Nominal value
1	Banknotes in circulation
2Liabilities to euro area credit institutions related to monetary policy operations denominated in euro	2	Liabilities to euro area credit institutions related to monetary policy operations denominated in euro	Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Annex I to Guideline ECB/2000/7
2	Liabilities to euro area credit institutions related to monetary policy operations denominated in euro
2.1Current accounts (covering the minimum reserve system)	2.1	Current accounts (covering the minimum reserve system)	Euro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the ESCB. This item contains primarily accounts used in order to hold minimum reserves	Nominal value
2.1	Current accounts (covering the minimum reserve system)
2.2Deposit facility	2.2	Deposit facility	Overnight deposits at a pre-specified interest rate (standing facility)	Nominal value
2.2	Deposit facility
2.3Fixed-term deposits	2.3	Fixed-term deposits	Collection for liquidity absorption purposes owing to fine-tuning operations	Nominal value
2.3	Fixed-term deposits
2.4Fine-tuning reverse operations	2.4	Fine-tuning reverse operations	Monetary policy-related transactions with the aim of liquidity absorption	Nominal value or repo cost
2.4	Fine-tuning reverse operations
2.5Deposits related to margin calls	2.5	Deposits related to margin calls	Deposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions	Nominal value
2.5	Deposits related to margin calls
3Other liabilities to euro area credit institutions denominated in euro	3	Other liabilities to euro area credit institutions denominated in euro	Repo transactions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 7 ‘Securities of euro area residents denominated in euro’. Other operations unrelated to Eurosystem monetary policy operations. No current accounts of credit institutions	Nominal value or repo cost
3	Other liabilities to euro area credit institutions denominated in euro
4ECB debt certificates issued	4	ECB debt certificates issued	Debt certificates as described in Annex I to Guideline ECB/2000/7. Discount paper, issued with the aim of liquidity absorption	CostAny discounts are amortised
4	ECB debt certificates issued
5Liabilities to other euro area residents denominated in euro	5	Liabilities to other euro area residents denominated in euro
5	Liabilities to other euro area residents denominated in euro
5.1General government	5.1	General government	Current accounts, fixed-term deposits, deposits repayable on demand	Nominal value
5.1	General government
5.2Other liabilities	5.2	Other liabilities	Current accounts of staff, companies and clients including financial institutions listed as exempt from the obligation to hold minimum reserves (See liability item 2.1); fixed-term deposits, deposits repayable on demand	Nominal value
5.2	Other liabilities
6Liabilities to non-euro area residents denominated in euro	6	Liabilities to non-euro area residents denominated in euro	Current accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes: of other banks, central banks, international/supranational institutions including the European Commission; current accounts of other depositors. Repo transactions in connection with simultaneous reverse repo transactions for the management of securities denominated in euro. Balances of TARGET2 accounts of central banks of Member States whose currency is not the euro	Nominal value or repo cost
6	Liabilities to non-euro area residents denominated in euro
7Liabilities to euro area residents denominated in foreign currency	7	Liabilities to euro area residents denominated in foreign currency	Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold	Nominal value, translation at year-end foreign exchange market rate
7	Liabilities to euro area residents denominated in foreign currency
8Liabilities to non-euro area residents denominated in foreign currency	8	Liabilities to non-euro area residents denominated in foreign currency
8	Liabilities to non-euro area residents denominated in foreign currency
8.1Deposits, balances and other liabilities	8.1	Deposits, balances and other liabilities	Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold	Nominal value, translation at the year-end foreign exchange market rate
8.1	Deposits, balances and other liabilities
8.2Liabilities arising from the credit facility under ERM II	8.2	Liabilities arising from the credit facility under ERM II	Borrowing in accordance with the ERM II conditions	Nominal value, translation at the year-end foreign exchange market rate
8.2	Liabilities arising from the credit facility under ERM II
9Counterpart of special drawing rights allocated by the IMF	9	Counterpart of special drawing rights allocated by the IMF	SDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB	Nominal value, translation at the year-end foreign exchange market rate
9	Counterpart of special drawing rights allocated by the IMF
10Intra-Eurosystem liabilities	10	Intra-Eurosystem liabilities
10	Intra-Eurosystem liabilities
10.1Liabilities equivalent to the transfer of foreign reserves	10.1	Liabilities equivalent to the transfer of foreign reserves	ECB balance sheet item, denominated in euro	Nominal value
10.1	Liabilities equivalent to the transfer of foreign reserves
10.2Other liabilities within the Eurosystem (net)	10.2	Other liabilities within the Eurosystem (net)	Net position of the following sub-items:
10.2	Other liabilities within the Eurosystem (net)
(a)net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’	(a)	net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’	(a)Nominal value	(a)	Nominal value
(a)	net liabilities arising from balances of TARGET2 accounts and correspondent accounts of NCBs, i.e. the net figure of claims and liabilities. See also asset item 9.3 ‘Other claims within the Eurosystem (net)’
(a)	Nominal value
(b)other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs	(b)	other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs	(b)Nominal value	(b)	Nominal value
(b)	other intra-Eurosystem liabilities denominated in euro that may arise, including the interim distribution of ECB income to NCBs
(b)	Nominal value
11Items in course of settlement	11	Items in course of settlement	Settlement account balances (liabilities), including the float of giro transfers	Nominal value
11	Items in course of settlement
12Other liabilities	12	Other liabilities
12	Other liabilities
12.1Off-balance-sheet instruments revaluation differences	12.1	Off-balance-sheet instruments revaluation differences	Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps, forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date	Net position between forward and spot, at the foreign exchange market rate
12.1	Off-balance-sheet instruments revaluation differences
12.2Accruals and income collected in advance	12.2	Accruals and income collected in advance	Expenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period	Nominal value, foreign exchange translated at market rate
12.2	Accruals and income collected in advance
12.3Sundry	12.3	Sundry	(a)Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis	(a)	Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis	(a)Nominal value or (repo) cost	(a)	Nominal value or (repo) cost
12.3	Sundry
(a)	Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis
(a)	Nominal value or (repo) cost
(b)Customer gold deposits	(b)	Customer gold deposits	(b)Market value	(b)	Market value
(b)	Customer gold deposits
(b)	Market value
(c)Net pension liabilities	(c)	Net pension liabilities	(c)As per Article 24(2)	(c)	As per Article 24(2)
(c)	Net pension liabilities
(c)	As per Article 24(2)
13Provisions	13	Provisions	(a)For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated	(a)	For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated	(a)Cost/nominal value	(a)	Cost/nominal value
13	Provisions
(a)	For foreign exchange rate, interest rate, credit and gold price risks, and for other purposes, e.g. expected future expenses and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated
(a)	Cost/nominal value
(b)For counterparty or credit risks arising from monetary policy operations	(b)	For counterparty or credit risks arising from monetary policy operations	(b)Nominal value (based on a valuation at year end by the Governing Council of the ECB)	(b)	Nominal value (based on a valuation at year end by the Governing Council of the ECB)
(b)	For counterparty or credit risks arising from monetary policy operations
(b)	Nominal value (based on a valuation at year end by the Governing Council of the ECB)
14Revaluation accounts	14	Revaluation accounts	(a)Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs(b)Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)	(a)	Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs	(b)	Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)	Revaluation difference between average cost and market value, foreign exchange translated at market rate
14	Revaluation accounts
(a)	Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs
(b)	Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 13(2)
15Capital and reserves	15	Capital and reserves
15	Capital and reserves
15.1Capital	15.1	Capital	Paid-up capital	Nominal value
15.1	Capital
15.2Reserves	15.2	Reserves	Legal reserves, in accordance with Article 33 of the Statute of the ESCB and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated	Nominal value
15.2	Reserves
16Profit for the year	16	Profit for the year		Nominal value
16	Profit for the year

(EUR million)
Assets(2)	Reporting year	Previous year	Liabilities	Reporting year	Previous year
1.Gold and gold receivables2.Claims on non-euro area residents denominated in foreign currency2.1.Receivables from the IMF2.2.Balances with banks and security investments, external loans and other external assets3.Claims on euro area residents denominated in foreign currency4.Claims on non-euro area residents denominated in euro4.1.Balances with banks, security investments and loans4.2.Claims arising from the credit facility under ERM II5.Lending to euro area credit institutions related to monetary policy operations denominated in euro5.1.Main refinancing operations5.2.Longer-term refinancing operations5.3.Fine-tuning reverse operations5.4.Structural reverse operations5.5.Marginal lending facility5.6.Credits related to margin calls6.Other claims on euro area credit institutions denominated in euro7.Securities of euro area residents denominated in euro7.1.Securities held for monetary policy purposes7.2.Other securities8.General government debt denominated in euro9.Intra-Eurosystem claims9.1.Claims related to the issuance of ECB debt certificates9.2.Claims related to the allocation of euro banknotes within the Eurosystem9.3.Other claims within the Eurosystem (net)10.Items in course of settlement11.Other assets11.1.Coins of euro area11.2.Tangible and intangible fixed assets11.3.Other financial assets11.4.Off-balance-sheet instruments revaluation differences11.5.Accruals and prepaid expenses11.6.Sundry12.Loss for the year	1.	Gold and gold receivables	2.	Claims on non-euro area residents denominated in foreign currency	2.1.	Receivables from the IMF	2.2.	Balances with banks and security investments, external loans and other external assets	3.	Claims on euro area residents denominated in foreign currency	4.	Claims on non-euro area residents denominated in euro	4.1.	Balances with banks, security investments and loans	4.2.	Claims arising from the credit facility under ERM II	5.	Lending to euro area credit institutions related to monetary policy operations denominated in euro	5.1.	Main refinancing operations	5.2.	Longer-term refinancing operations	5.3.	Fine-tuning reverse operations	5.4.	Structural reverse operations	5.5.	Marginal lending facility	5.6.	Credits related to margin calls	6.	Other claims on euro area credit institutions denominated in euro	7.	Securities of euro area residents denominated in euro	7.1.	Securities held for monetary policy purposes	7.2.	Other securities	8.	General government debt denominated in euro	9.	Intra-Eurosystem claims	9.1.	Claims related to the issuance of ECB debt certificates	9.2.	Claims related to the allocation of euro banknotes within the Eurosystem	9.3.	Other claims within the Eurosystem (net)	10.	Items in course of settlement	11.	Other assets	11.1.	Coins of euro area	11.2.	Tangible and intangible fixed assets	11.3.	Other financial assets	11.4.	Off-balance-sheet instruments revaluation differences	11.5.	Accruals and prepaid expenses	11.6.	Sundry	12.	Loss for the year	1.Banknotes in circulation2.Liabilities to euro area credit institutions related to monetary policy operations denominated in euro2.1.Current accounts (covering the minimum reserve system)2.2.Deposit facility2.3.Fixed-term deposits2.4.Fine-tuning reverse operations2.5.Deposits related to margin calls3.Other liabilities to euro area credit institutions denominated in euro4.ECB debt certificates issued5.Liabilities to other euro area residents denominated in euro5.1.General government5.2.Other liabilities6.Liabilities to non-euro area residents denominated in euro7.Liabilities to euro area residents denominated in foreign currency8.Liabilities to non-euro area residents denominated in foreign currency8.1.Deposits, balances and other liabilities8.2.Liabilities arising from the credit facility under ERM II9.Counterpart of special drawing rights allocated by the IMF10.Intra-Eurosystem liabilities10.1.Liabilities equivalent to the transfer of foreign reserves10.2.Other liabilities within the Eurosystem (net)11.Items in course of settlement12.Other liabilities12.1.Off-balance-sheet instruments revaluation differences12.2.Accruals and income collected in advance12.3.Sundry13.Provisions14.Revaluation accounts15.Capital and reserves15.1.Capital15.2.Reserves16.Profit for the year	1.	Banknotes in circulation	2.	Liabilities to euro area credit institutions related to monetary policy operations denominated in euro	2.1.	Current accounts (covering the minimum reserve system)	2.2.	Deposit facility	2.3.	Fixed-term deposits	2.4.	Fine-tuning reverse operations	2.5.	Deposits related to margin calls	3.	Other liabilities to euro area credit institutions denominated in euro	4.	ECB debt certificates issued	5.	Liabilities to other euro area residents denominated in euro	5.1.	General government	5.2.	Other liabilities	6.	Liabilities to non-euro area residents denominated in euro	7.	Liabilities to euro area residents denominated in foreign currency	8.	Liabilities to non-euro area residents denominated in foreign currency	8.1.	Deposits, balances and other liabilities	8.2.	Liabilities arising from the credit facility under ERM II	9.	Counterpart of special drawing rights allocated by the IMF	10.	Intra-Eurosystem liabilities	10.1.	Liabilities equivalent to the transfer of foreign reserves	10.2.	Other liabilities within the Eurosystem (net)	11.	Items in course of settlement	12.	Other liabilities	12.1.	Off-balance-sheet instruments revaluation differences	12.2.	Accruals and income collected in advance	12.3.	Sundry	13.	Provisions	14.	Revaluation accounts	15.	Capital and reserves	15.1.	Capital	15.2.	Reserves	16.	Profit for the year
1.	Gold and gold receivables
2.	Claims on non-euro area residents denominated in foreign currency
2.1.	Receivables from the IMF
2.2.	Balances with banks and security investments, external loans and other external assets
3.	Claims on euro area residents denominated in foreign currency
4.	Claims on non-euro area residents denominated in euro
4.1.	Balances with banks, security investments and loans
4.2.	Claims arising from the credit facility under ERM II
5.	Lending to euro area credit institutions related to monetary policy operations denominated in euro
5.1.	Main refinancing operations
5.2.	Longer-term refinancing operations
5.3.	Fine-tuning reverse operations
5.4.	Structural reverse operations
5.5.	Marginal lending facility
5.6.	Credits related to margin calls
6.	Other claims on euro area credit institutions denominated in euro
7.	Securities of euro area residents denominated in euro
7.1.	Securities held for monetary policy purposes
7.2.	Other securities
8.	General government debt denominated in euro
9.	Intra-Eurosystem claims
9.1.	Claims related to the issuance of ECB debt certificates
9.2.	Claims related to the allocation of euro banknotes within the Eurosystem
9.3.	Other claims within the Eurosystem (net)
10.	Items in course of settlement
11.	Other assets
11.1.	Coins of euro area
11.2.	Tangible and intangible fixed assets
11.3.	Other financial assets
11.4.	Off-balance-sheet instruments revaluation differences
11.5.	Accruals and prepaid expenses
11.6.	Sundry
12.	Loss for the year
1.	Banknotes in circulation
2.	Liabilities to euro area credit institutions related to monetary policy operations denominated in euro
2.1.	Current accounts (covering the minimum reserve system)
2.2.	Deposit facility
2.3.	Fixed-term deposits
2.4.	Fine-tuning reverse operations
2.5.	Deposits related to margin calls
3.	Other liabilities to euro area credit institutions denominated in euro
4.	ECB debt certificates issued
5.	Liabilities to other euro area residents denominated in euro
5.1.	General government
5.2.	Other liabilities
6.	Liabilities to non-euro area residents denominated in euro
7.	Liabilities to euro area residents denominated in foreign currency
8.	Liabilities to non-euro area residents denominated in foreign currency
8.1.	Deposits, balances and other liabilities
8.2.	Liabilities arising from the credit facility under ERM II
9.	Counterpart of special drawing rights allocated by the IMF
10.	Intra-Eurosystem liabilities
10.1.	Liabilities equivalent to the transfer of foreign reserves
10.2.	Other liabilities within the Eurosystem (net)
11.	Items in course of settlement
12.	Other liabilities
12.1.	Off-balance-sheet instruments revaluation differences
12.2.	Accruals and income collected in advance
12.3.	Sundry
13.	Provisions
14.	Revaluation accounts
15.	Capital and reserves
15.1.	Capital
15.2.	Reserves
16.	Profit for the year
Total assets	Total liabilities

(EUR million)
Profit and loss account for the year ending 31 December …	Reporting year	Previous year
1.1.1.Interest income on foreign reserve assets	1.1.1.	Interest income on foreign reserve assets
1.1.1.	Interest income on foreign reserve assets
1.1.2.Interest income arising from the allocation of euro banknotes within the Eurosystem	1.1.2.	Interest income arising from the allocation of euro banknotes within the Eurosystem
1.1.2.	Interest income arising from the allocation of euro banknotes within the Eurosystem
1.1.3.Other interest income	1.1.3.	Other interest income
1.1.3.	Other interest income
1.1.Interest income	1.1.	Interest income
1.1.	Interest income
1.2.1.Remuneration of NCBs’ claims in respect of foreign reserves transferred	1.2.1.	Remuneration of NCBs’ claims in respect of foreign reserves transferred
1.2.1.	Remuneration of NCBs’ claims in respect of foreign reserves transferred
1.2.2.Other interest expense	1.2.2.	Other interest expense
1.2.2.	Other interest expense
1.2.Interest expense	1.2.	Interest expense
1.2.	Interest expense
1.Net interest income	1.	Net interest income
1.	Net interest income
2.1.Realised gains/losses arising from financial operations	2.1.	Realised gains/losses arising from financial operations
2.1.	Realised gains/losses arising from financial operations
2.2.Write-downs on financial assets and positions	2.2.	Write-downs on financial assets and positions
2.2.	Write-downs on financial assets and positions
2.3.Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks	2.3.	Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks
2.3.	Transfer to/from provisions for foreign exchange rate, interest rate, credit and gold price risks
2.Net result of financial operations, write downs and risk provisions	2.	Net result of financial operations, write downs and risk provisions
2.	Net result of financial operations, write downs and risk provisions
3.1.Fees and commissions income	3.1.	Fees and commissions income
3.1.	Fees and commissions income
3.2.Fees and commissions expense	3.2.	Fees and commissions expense
3.2.	Fees and commissions expense
3.Net income/expense from fees and commissions(2)	3.	Net income/expense from fees and commissions(2)
3.	Net income/expense from fees and commissions(2)
4.Income from equity shares and participating interests	4.	Income from equity shares and participating interests
4.	Income from equity shares and participating interests
5.Other income	5.	Other income
5.	Other income
Total net income
6.Staff costs(3)	6.	Staff costs(3)
6.	Staff costs(3)
7.Administrative expenses(3)	7.	Administrative expenses(3)
7.	Administrative expenses(3)
8.Depreciation of tangible and intangible fixed assets	8.	Depreciation of tangible and intangible fixed assets
8.	Depreciation of tangible and intangible fixed assets
9.Banknote production services(4)	9.	Banknote production services(4)
9.	Banknote production services(4)
10.Other expenses	10.	Other expenses
10.	Other expenses
(Loss)/profit for the year

Decision ECB/2006/17	OJ L 348, 11.12.2006, p. 38.
Decision ECB/2007/21	OJ L 42, 16.2.2008, p. 83.
Decision ECB/2008/22	OJ L 36, 5.2.2009, p. 22.
Decision ECB/2009/19	OJ L 202, 4.8.2009, p. 54.
Decision ECB/2009/29	OJ L 348, 29.12.2009, p. 57.

Decision ECB/2006/17	This Decision
—	Article 11
Article 10a	Article 12
Article 11	Article 13
Article 12	Article 14
Article 13	Article 15
Article 14	Article 16
Article 15	Article 17
Article 16	Article 18
Article 17	Article 19
Article 18	Article 20
Article 19	Article 21
Article 20	Article 22
Article 21	Article 23
Article 22	Article 24
Article 23	Article 25
Article 24	Article 26

Elements and compounds	Limit values(mg/kg of total dry panel)
Arsenic	25
Cadmium	50
Chromium	25
Copper	40
Lead	90
Mercury	25
Fluorine	100
Chlorine	1 000
Pentachlorophenol (PCP)	5
Tar oils (benzo(a)pyrene)	0,5

	(b)	The product must not contain halogenated organic binding agents, azidirin and polyaziridins as well as pigments and additives based on:—lead, cadmium, chrome (VI), mercury and their compounds,—arsenic, boron and copper,—organic tin.	—	lead, cadmium, chrome (VI), mercury and their compounds,	—	arsenic, boron and copper,	—	organic tin.
—	lead, cadmium, chrome (VI), mercury and their compounds,
—	arsenic, boron and copper,
—	organic tin.

Product family	Limit(P)
Wood floor and bamboo coverings	10,5
Laminate floor coverings	12,5
Cork coverings	9

Substance	Requirement(after 3 days)
Total organic compounds within the retention rangeC6 — C16 (TVOC)	0,25 mg/m3air
Total organic compounds within the retention range> C16 — C22 (TSVOC)	0,03 mg/m3air
Total VOC without LCI(*1)	0,05 mg/m3air

A	=	Wood from certified, sustainable forest (%)
B	=	Proportion of renewable fuels (%)
C	=	Electricity consumption (MJ/m2)
D	=	Fuel consumption (MJ/m2)

A	=	Cork, bamboo or wood from certified, sustainable forest (%)
B	=	Proportion of recycled wood raw materials (%)
C	=	Proportion of renewable fuels (%)
D	=	Electricity consumption (MJ/m2)
E	=	Fuel consumption (MJ/m2)

A	=	Proportion of recycled cork (%)
B	=	Proportion of renewable fuels (%)
C	=	Electricity consumption (MJ/m2)
D	=	Fuel consumption (MJ/m2)

Fuel	Quantity	Units	Conversion factor	Energy(MJ)
Straw (15 % W)		kg	14,5
Pellets (7 % W)		kg	17,5
Waste wood (20 % W)		kg	14,7
Wood chips (45 % W)		kg	9,4
Peat		kg	20
Natural gas		kg	54,1
Natural gas		Nm3	38,8
Butane		kg	49,3
Kerosene		kg	46,5
Gasoline		kg	52,7
Diesel		kg	44,6
Gas oil		kg	45,2
Heavy fuel oil		kg	42,7
Dry steam coal		kg	30,6
Anthracite		kg	29,7
Charcoal		kg	33,7
Industrial coke		kg	27,9
Electricity (from net)		kWh	3,6
Total energy (MJ)

Definitions

Intra-Eurosystem balances on euro banknotes in circulation

Method for measuring monetary income

Adjustments to intra-Eurosystem balances

Calculation and allocation of monetary income

Calculation and allocation of income resulting from the write-off of euro banknotes

Repeal

Entry into force

COMPOSITION OF THE LIABILITY BASE

EARMARKABLE ASSETS

A. First contingent adjustment

Definitions

General principles

Full quality accreditation

Temporary quality accreditation

Initiation request and appointment of a quality audit team

Quality audit

Decision on full quality accreditation

Initiation request and appointment of a quality pre-audit team

Quality pre-audit

Decision on temporary quality accreditation

Continuing obligations of quality accredited manufacturers and of the ECB

Decision-making procedure

Instances of non-conformity

Written observation

Corrective measures and suspension of quality accreditation in relation to new orders

Suspension of euro banknote production activity

Revocation of quality accreditation

Review procedure

ECB quality accreditation register

Entry into force

Definitions

Scope of application

Basic accounting assumptions

Recognition of assets and liabilities

Economic and cash/settlement approaches

Composition of the balance sheet

Provision for foreign exchange rate, interest rate, credit and gold price risks

Balance sheet valuation rules

Reverse transactions

Marketable equity instruments

Hedging of interest rate risk on securities with derivatives

Synthetic instruments

Income recognition

Cost of transactions

General rules

Foreign exchange forward transactions

Foreign exchange swaps

Future contracts

Interest rate swaps

Forward rate agreements

Forward transactions in securities

Options

Formats

Development, application and interpretation of rules

Repeal

Entry into force

COMPOSITION AND VALUATION RULES FOR THE BALANCE SHEET

FRAMEWORK

FRAMEWORK

Mission

Mission statement

Mission key tasks

Structure of the Mission

Civilian Operation Commander

Head of Mission

EUPM Staff

Status of Mission and EUPM staff

Chain of command

Political control and strategic direction

Participation of third States

Financial arrangements

Security

Coordination

Release of classified information

Review

Watch-Keeping Capability

Entry into force and duration

Publication

R23	(toxic by inhalation),
R24	(toxic in contact with skin),
R25	(toxic if swallowed),
R26	(very toxic by inhalation),
R27	(very toxic in contact with skin),
R28	(very toxic if swallowed),
R39	(danger of very serious irreversible effects),
R40	(limited evidence of a carcinogenic effect),
R42	(May cause sensitisation by inhalation),
R43	(May cause sensitisation by skin contact),
R45	(may cause cancer),
R46	(may cause heritable genetic damage),
R48	(danger or serious damage to health by prolonged exposure),
R49	(may cause cancer by inhalation),
R50	(very toxic to aquatic organisms),
R51	(toxic to aquatic organisms),
R52	(harmful to aquatic organisms),
R53	(may cause long-term adverse effects in the aquatic environment),
R60	(may impair fertility),
R61	(may cause harm to the unborn child),
R62	(possible risk of impaired fertility),
R63	(possible risk of harm to the unborn child),
R68	(possible risk of irreversible effects),

	(a)	The total sum content of the following substances shall not exceed 0,5 ppm:SubstanceCAS noγ-hexachlorocyclohexane (lindane)319-84-6α-hexachlorocyclohexane319-85-7β-hexachlorocyclohexane58-89-9δ-hexachlorocyclohexane319-86-8aldrin309-00-2dieldrin60-57-1endrin72-20-8p,p′-DDT50-29-3p,p′-DDD72-54-8	Substance	CAS no	γ-hexachlorocyclohexane (lindane)	319-84-6	α-hexachlorocyclohexane	319-85-7	β-hexachlorocyclohexane	58-89-9	δ-hexachlorocyclohexane	319-86-8	aldrin	309-00-2	dieldrin	60-57-1	endrin	72-20-8	p,p′-DDT	50-29-3	p,p′-DDD	72-54-8
Substance	CAS no
γ-hexachlorocyclohexane (lindane)	319-84-6
α-hexachlorocyclohexane	319-85-7
β-hexachlorocyclohexane	58-89-9
δ-hexachlorocyclohexane	319-86-8
aldrin	309-00-2
dieldrin	60-57-1
endrin	72-20-8
p,p′-DDT	50-29-3
p,p′-DDD	72-54-8

Substance	CAS no
Propetamphos	31218-83-4
Diazinon	333-41-5
Dichlofenthion	97-17-6
Fenchlorphos	299-84-3
Chlorpyriphos	2921-88-2
Chlorfenvinphos	470-90-6
Ethion	563-12-2
Pirimiphos-Methyl	29232-93-7

Substance	CAS no
Cyhalothrin	68085-85-8
Cybermethrin	52315-07-8
Deltamethrin	52918-63-5
Fenvalerate	51630-58-1
Flumethrin	69770-45-2

Substance	CAS no
Diflubenzuron	35367-38-5
Triflumuron	64628-44-0
Dicyclanil	112636-83-6

(b)	Emissions of NOxand SO2from the production of PP (monomer production, polymerisation and granulation) must not exceed the following limits:NOx: 12 kg/ton PPSO2: 11 kg/ton PPAssessment and verification:the fibre manufacturer must measure or calculate the quantities of NOxand SO2emitted during PP production and provide a declaration of compliance with the criterion. The applicant shall provide only the appropriate documentation.	NOx: 12 kg/ton PP	SO2: 11 kg/ton PP
NOx: 12 kg/ton PP
SO2: 11 kg/ton PP

	(a)	Extractable heavy metals: the concentrations of the following metals shall not exceed the following values:SubstanceHurdle value(ppm)antimony0,5arsenic0,5lead0,5cadmium0,1chromium1,0cobalt0,5copper2,0nickel1,0mercury0,02Assessment and verification:The applicant shall provide a test report, using the following test method: Milled sample extracted according to DIN 38414-S4, L/S = 10. Filtration with 0,45 μm membrane filter. Analysis by means of atomic emission spectroscopy with inductive coupled plasma (ICP-AES) or with hydride or cold vapour technique.	Substance	Hurdle value(ppm)	antimony	0,5	arsenic	0,5	lead	0,5	cadmium	0,1	chromium	1,0	cobalt	0,5	copper	2,0	nickel	1,0	mercury	0,02
Substance	Hurdle value(ppm)
antimony	0,5
arsenic	0,5
lead	0,5
cadmium	0,1
chromium	1,0
cobalt	0,5
copper	2,0
nickel	1,0
mercury	0,02

A	=	Proportion of renewable raw materials and recycled non-renewable raw materials (%)(*1)
B	=	Proportion of renewable fuels (%)
C	=	Electricity consumption (MJ/m2)
D	=	Fuel consumption (MJ/m2)

1)	In Article 2, a point shall be added:‘d)The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;	‘d)	The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;
‘d)	The Mission shall have a project cell for identifying and implementing projects. The Mission shall, as appropriate, coordinate, facilitate and provide advice on projects implemented by Member States and third States under their responsibility, in areas related to the Mission and in support of its objectives.’;

2)	In Article 8,a)paragraph 3 shall be replaced by the following:‘3. Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;b)a new paragraph 4 shall be inserted as follows:‘4. EUPOL COPPS shall also recruit local staff as required.’,and the remaining paragraphs shall be renumbered accordingly.	a)	paragraph 3 shall be replaced by the following:‘3. Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;	b)	a new paragraph 4 shall be inserted as follows:‘4. EUPOL COPPS shall also recruit local staff as required.’,
a)	paragraph 3 shall be replaced by the following:‘3. Nationals of Member States shall be recruited on a contractual basis by EUPOL COPPS as required, if the functions required are not provided by personnel seconded by Member States.’;
b)	a new paragraph 4 shall be inserted as follows:‘4. EUPOL COPPS shall also recruit local staff as required.’,