The Treaty of the European Union, Maastricht Treaty, 7th February, 1992 by European Union
page 32 of 236 (13%)
page 32 of 236 (13%)
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3. The third indent of paragraph 2 shall be without prejudice to the
holding and management by the government of Member States of foreign exchange working balances. 4. The ECB shall be consulted: - on any proposed Community act in its fields of competence; - by national authorities regarding any draft legislative provision in its fields of competence, but within the limits and under the conditions set out by the Council in accordances with the procedure laid down in Article 106(6). The ECB may submit opinions to the appropriate Community institutions or bodies or to national authorities on matters in its fields of competence. 5. The ESCB shall contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system. 6. The Council may, acting unanimously on a proposal from the Commission and after consulting the ECB and after receiving the assent of the European Parliament, confer upon the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and other financial institutions with the exception of insurance undertakings. ARTICLE 105a 1. The ECB shall have the exclusive right to authorize the issue of bank note within the Community. The ECB and the national central banks may issue such notes. The bank notes issued by the ECB and the national central banks shall be the only such notes to have the status of legal tender within the Community. 2. The Member States may issue coins subject to approval by the ECB of the volume of the issue. The Council may, acting in accordance with |
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