http://www.legislation.gov.uk/id/eudn/2012/355

Commission Decision

of 2 July 2012

updating the Annex to the Monetary Agreement between the European Union and the Vatican City State

(2012/355/EU)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to the Monetary Agreement of 17 December 2009 between the European Union and the Vatican City State, and in particular Article 8(3) thereof,

Whereas:

(1)

Article 8 of the Monetary Agreement between the European Union and the Vatican City State (hereinafter ‘the Monetary Agreement’) requires the Vatican City State to implement Union acts concerning the rules on euro banknotes and coins, prevention of money laundering, prevention of fraud and counterfeiting of cash and non-cash means of payment; medals and tokens and statistical reporting requirements. Those acts are listed in the Annex to the Monetary Agreement.

(2)

The update of the Annex is made according to Article 8(3) of the Monetary Agreement which foresees that the Annex needs to be amended by the Commission every year to take into account the new relevant EU legal acts and rules and the amendments to the existing ones. Following this provision one act was repealed and two new Union acts, falling within the scope of Article 8(1) of the Monetary Agreement, have been adopted and should be included in the Annex.

(3)

Council Decision of 29 April 1999 extending Europol’s mandate to deal with forgery of money and means of payment1 is obsolete and hence deleted from the Annex. As soon as the new legal instrument allowing Europol to sign cooperation agreements with third countries has entered into force, the new instrument will be added to the Annex to the Monetary Agreement.

(4)

Regulation (EU) No 1210/2010 of the European Parliament and of the Council of 15 December 2010 concerns authentication of euro coins and handling of euro coins unfit for circulation2 has been adopted. It, therefore, falls within the scope of Article 8(1) of the Monetary Agreement and should also be included in the Annex.

(5)

Decision ECB/2010/14 of the European Central Bank of 16 September 2010 on the authenticity and fitness checking and recirculation of euro banknotes3 was adopted. It falls within the scope of Article 8(1) of the Monetary Agreement and should also be included in the Annex.

(6)

The Annex to the Monetary Agreement should therefore be amended accordingly,

HAS ADOPTED THIS DECISION: