Decision of the European Central Bank of 17 November 2008 laying down the framework for joint Eurosystem procurement (ECB/2008/17) (2008/893/EC)

Article 1 Definitions

For the purposes of this Decision:

(a)

‘Eurosystem’ means the ECB and the national central banks of the Member States that have adopted the euro;

(b)

‘Eurosystem tasks’ means the tasks entrusted to the Eurosystem according to the Treaty and the ESCB Statute;

(c)

‘central bank’ means the ECB or the national central bank of a Member State that has adopted the euro;

(d)

‘leading central bank’ means the central bank responsible for conducting the joint tender procedure;

(e)

‘hosting central bank’ means the central bank appointed by the Governing Council to host EPCO;

(f)

‘EPCO Steering Committee’ means the steering committee set up by the Governing Council to steer the activities of EPCO. The EPCO Steering Committee shall be composed of one member from each central bank, to be selected from among staff members at senior level with knowledge and expertise in organisational and strategic issues within their respective institutions and procurement experts. The EPCO Steering Committee shall report via the Executive Board to the Governing Council. The Chairmanship and the Secretariat of the EPCO Steering Committee shall be provided by the ECB;

(g)

‘joint tender procedure’ means a procedure for the joint procurement of goods and services carried out by the leading central bank for the benefit of the central banks participating in the joint tender procedure.