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2 edition of Statute and other provisions [Statute of the European Investment Bank]. found in the catalog.

Statute and other provisions [Statute of the European Investment Bank].

European Investment Bank.

Statute and other provisions [Statute of the European Investment Bank].

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  • 16 Currently reading

Published by EuropeanInvestment Bank in Luxembourg .
Written in English


ID Numbers
Open LibraryOL17561506M
ISBN 109282302431

The Commission shall submit a report to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions every three years on the progress made towards achieving economic and social cohesion and on the manner in which the various means provided for in this Article have contributed to it. Survey Am. The Governing Council may decide that national central banks shall be indemnified against costs incurred in connection with the issue of bank notes or in exceptional circumstances for specific losses arising from monetary policy operations undertaken for the ESCB. The Member States shall consult each other in liaison with the Commission and, where necessary, shall coordinate their action.

Article e Implementing decisions relating to the European Regional Development Fund shall be taken by the Council, acting in accordance with the procedure referred to in Article c and after consulting the Economic and Social Committee and the Committee of the Regions. The Council shall, acting by a qualified majority on a proposal from the Commission and after consulting the ECB and the Committee referred to in this Article, lay down detailed provisions concerning the composition of the Economic and Financial Committee. At least once every two years, or at the request of a Member State with a derogation, the Commission and the ECB shall report to the Council in accordance with the procedure laid down in Article j 1. The relevant provisions of Article shall apply.

In particular it shall examine compliance with budgetary discipline on the basis of the following two criteria: a whether the ratio of the planned or actual government deficit to gross domestic product exceeds a reference value, unless - either the ratio has declined substantially and continuously and reached a level that comes close to the reference value; - or, alternatively, the excess over the reference value is only exceptional and temporary and the ratio remains close to the reference value; b whether the ratio of government debt to gross domestic product exceeds a reference value, unless the ratio is sufficiently diminishing and approaching the reference value at a satisfactory pace. The ECB shall establish general principles for open market and credit operations carried out by itself or the national central banks, including for the announcement of conditions under which they stand ready to enter into such transactions. Table 1 also allows us to analyze Case 2, where the data is in the US but there was no lawful basis for the transfer. Most of these specifically assigned powers are new for AIIB, and they include: variations in the classification of the Asia region; change to the non-resident status of the Board of Directors; variation in the 75 percent regional shareholding requirement; allocation of net income to other purposes; increase in the lending limit; establishment of subsidiaries; framework for trust funds; financing for non-member recipients; and new types of financing.


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Statute and other provisions [Statute of the European Investment Bank]. book

The ECB may institute proceedings in the cases and under the conditions laid down in this Treaty.

ECB Recommends Amendment to Article 22 of its Statute

The EMI, acting by a majority of two thirds of the members of its Council, may: - formulate opinions or recommendations on the overall orientation of monetary policy and exchange rate policy as well as on related measures introduced in each Member State; - submit opinions or recommendations to Governments and to the Council on policies which might affect the internal or external monetary situation in the Community and, in particular, the functioning of the European Monetary System; - make recommendations to the monetary authorities of the Member States concerning the conduct of their monetary policy.

The membership fee and any other contributions shall be payable in full for the year during which termination of membership has occurred. Moreover, familiar yet improved operating processes could be less burdensome, while harmonization with other mdb practices would be in line with current mdb coordination efforts.

What was the issue? The above revenues, set aside for the costs of officiation and Worship, are recorded in the balance sheet of the Opera as clearing entries and are paid every year to the Diocesan Ordinary. Principal Members 8.

The voting arrangements shall be specified in the Rules of Procedure referred to in Article The President shall prepare the meetings of the General Council. These assets shall be earmarked by national central banks in accordance with guidelines to be established by the Governing Council. Article 6 - International cooperation[ edit ] 1.

Convening the General Assembly Regular Annual General Assembly Distribution and vote may be made by email.

Regulations concerning the calculation and determination of the required minimum reserves may be established by the Governing Council. In addition, in a comity hearing, the claim by the US would be faced with a claim that EU law and policy against the transfer should be enforced. Any person whose Board membership has been rescinded for cause pursuant to the rules and regulations of the Council shall be disqualified to stand as a candidate.

Without prejudice to the objective of price stability, the ESCB shall support the general economic policies in the Community with a view to contributing to the achievement of the objectives of the Community as laid down in Article 2.

To illustrate how much the international arena was in flux at that moment, note that the imf and ibrd negotiations predated the finalization of the charter of the United Nations in First, for reasons explained throughout this article, there is a textual basis in Union law for a controller to respond to compulsory legal process in a third country, at least for Case 1.

In order to undertake the tasks of the ESCB, the ECB, assisted by the national central banks, shall collect the necessary statistical information either from the competent national authorities or directly from economic agents. It is worth recalling that the System ESCB as such does not have legal personality, and that therefore, it is not a carrier of rights and obligations.

Employee involvement in the SE No SE may be established without a model of employee involvement being selected by agreement between the management and the employees themselves.

Each member of the Executive Board present in person shall have the right to vote and shall have, for that purpose, one vote. It shall be convened at a regular session at least once a year.

Insights Daily Current Affairs + PIB: 16 November 2019

When taking the decisions referred to in paragraphs 7 to 9, 11 and 12, the Council shall act on a recommendation from the Commission by a majority of two thirds of the votes of its members weighted in accordance with Article 2excluding the votes of the representative of the Member State concerned.

The Commission and the other Member States shall be informed of such protective measures not later than when they enter into force.

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This function is regularly carried out by other mdb Boards of Directors. The President of the Council shall inform the European Parliament of the decision taken.

Copy of the proceedings of the appointment of the Head Operaio is sent within eight days to the Prefect, who sends it to the Ministry of the Interior for the decree of appointment of the elected person.

Upon completion, the person or service agent conducting the election process shall announce those persons elected to the Board without disclosing the number of votes obtained by each person.The Governing Council of the ECB has adopted a Recommendation to amend Article 22 of the Statute of the ESCB and ECB.

The amendment will provide legal basis for Eurosystem to carry out role as central bank of issue under currently proposed review of EMIR and will enable Eurosystem to fulfill mandate of conducting monetary policy and ensuring stability of euro.

Foreign banks and foreign insurance companies (and certain of their finance subsidiaries and holding companies) relying on rule 3a-6 for exemption from the Act may be required by rule (17 CFR ) under the Securities Act of (15 U.S.C. 77a et seq.) to file Form F-N with the Commission in connection with the filing of a registration statement under the Securities Act of The task of the European Investment Bank, the European Union's financing institution, is to contribute towards the integration, balanced development and economic and social cohesion of the Member Countries.

To this end, it raises substantial funds on the financial markets. Statute of the European Investment Bank (hereinafter the ‘Statute’). Article 5. • exercise all other powers provided for in these Rules. It shall apply the legal provisions concerning incompatibility with duties adopted by the Board of Governors.

The Committee shall inform the Board of. Jun 18,  · The Statute of the European Investment Bank is laid down in a Protocol annexed to this Treaty. Article e The task of the European Investment Bank shall be to contribute, by having recourse to the capital market and utilizing its own resources, to the balanced and steady development of the common market in the interest of the Community.

Following the practice set by previous editions, this new sixth edition of Rudden and Wyatt's trusted handbook provides the reader with the latest information available on current trends and developments in Community law. This present volume updates legislation to take account of the accession of Austria, Finland, and Sweden as member states.