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Decision of the European Central Bank of 25 November 2010 on the quality accreditation procedure for manufacturers of euro banknotes (ECB/2010/22) (2010/773/EU) (repealed)
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Article 12Decision-making procedure
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.
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