Decision of the European Central Bank of 6 December 2001 on the issue of euro banknotes (ECB/2001/15) (2001/913/EC)

Article 1 U.K. Definitions

For the purposes of this Decision:

(a)

‘NCBs’ shall mean the national central banks of the Member States that have adopted the single currency in accordance with the Treaty establishing the European Community;

(b)

‘euro banknotes’ shall mean those banknotes complying with the requirements of Decision ECB/2001/7, and with the technical specifications laid down by the Governing Council;

(c)

[F1 ‘ subscribed capital key ’ shall mean the NCBs' shares (expressed as percentages) in the ECB's subscribed capital that result from applying to the NCBs the weightings in the key referred to in Article 29.1 of the Statute and as applicable for the relevant financial year;]

(d)

‘[F1 banknote allocation key’ shall mean the percentages that result from taking into account the ECB's share in the total euro banknote issue and applying the subscribed capital key (rounded to the nearest multiple of 0,0005 percentage point) to the NCBs' share in such total. Where the resulting percentages do not total 100 %, the difference shall be compensated for: (i) if the total is below 100 %, by adding 0,0005 of a percentage point to the smallest share(s) in ascending order until exactly 100 % is reached, or (ii) if the total is above 100 %, by subtracting 0,0005 of a percentage point in descending order from the largest share(s) until exactly 100 % is reached. [F2 The Annex to this Decision specifies the banknote allocation key applying from 1 January 2009 .] ]

Textual Amendments

F1 Substituted by Decision of the European Central Bank of 18 December 2003 amending Decision ECB/2001/15 of 6 December 2001 on the issue of euro banknotes (ECB/2003/23) (2004/49/EC).

F2 Substituted by Decision of the European Central Bank of 12 December 2008 amending Decision ECB/2001/15 on the issue of euro banknotes (ECB/2008/26) (2009/56/EC).