CHAPTER I U.K. GENERAL PROVISIONS

Article 1 U.K. Definitions

1. The terms defined in Article 1 of Guideline ECB/2010/20 shall have the same meaning when used in this Decision.

2. Other technical terms used in this Decision shall have the same meaning as in Annex II to Guideline ECB/2010/20.

Article 2 U.K. Scope of application

The rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off-balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB.

[F1 Article 3 U.K. Basic accounting assumptions

The basic accounting assumptions defined in Article 3 of Guideline ECB/2010/20 shall also apply for the purposes of this Decision. In derogation from the first sentence of Article 3(c) of Guideline ECB/2010/20, post-balance sheet events shall only be taken into account until the date on which the Executive Board authorises the submission of the ECB’s annual accounts to the Governing Council for approval.]

Textual Amendments

F1 Substituted by Decision of the European Central Bank of 10 December 2012 amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2012/30) (2012/832/EU).

Article 4 U.K. Recognition of assets and liabilities

A financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 4 of Guideline ECB/2010/20.

Article 5 U.K. Economic and cash/settlement approaches

The rules set out in Article 5 of Guideline ECB/2010/20 shall apply to this Decision.