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Decision of the European Central Bank of 21 June 2013 on the paying-up of the European Central Bank’s capital by the non-euro area national central banks (ECB/2013/20) (2013/362/EU) (repealed)
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Decision of the European Central Bank
of 21 June 2013
on the paying-up of the European Central Bank’s capital by the non-euro area national central banks
(ECB/2013/20)
(2013/362/EU) (repealed)
THE GENERAL 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 47 thereof,
Whereas:
(1) Article 47 of the Statute of the ESCB provides that national central banks of Member States with a derogation (hereinafter ‘non-euro area NCBs’) do not need to pay up their subscribed capital unless the General Council, acting by a majority representing at least two thirds of the subscribed capital of the European Central Bank (ECB) and at least half of the shareholders, decides that a minimal percentage has to be paid up as a contribution to the ECB’s operational costs.
(2) Article 1 of Decision ECB/2010/28 of 13 December 2010 on the paying-up of the European Central Bank’s capital by the non-euro area national central banks(1) provides that each non-euro area NCB shall pay up 3,75 % of its share in the ECB’s subscribed capital with effect from 29 December 2010.
(3) In view of the accession of Croatia to the European Union and its national central bank, Hrvatska narodna banka, joining the ESCB on 1 July 2013, Decision ECB/2013/17 of 21 June 2013 on the national central banks’ percentage shares in the key for subscription to the European Central Bank’s capital(2) lays down the key for subscription to the ECB’s capital (hereinafter the ‘capital key) in accordance with Article 29.1 of the Statute of the ESCB and establishes with effect from 1 July 2013 the new weightings assigned to each Union central bank in the capital key (hereinafter the ‘capital key weightings’).
(4) The ECB’s subscribed capital will be EUR 10 825 007 069,61 from 1 July 2013.
(5) The expanded capital key requires the adoption of a new ECB decision repealing Decision ECB/2010/28 with effect from 1 July 2013 and determining the percentage of the ECB’s subscribed capital which the non-euro area NCBs are under an obligation to pay up with effect from 1 July 2013.
(6) In accordance with Article 3.5 of the Rules of Procedure of the General Council of the European Central Bank(3), the Governor of Hrvatska narodna banka has had the opportunity to submit observations regarding this Decision prior to its adoption,
HAS ADOPTED THIS DECISION:
(2)
See page 15 of the Official Journal.
(3)
Decision ECB/2004/12 of 17 June 2004 adopting the Rules of Procedure of the General Council of the European Central Bank, OJ L 230, 30.6.2004, p. 61.
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