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Decision (EU) 2020/637 of the European Central BankShow full title
Decision (EU) 2020/637 of the European Central Bank of 27 April 2020 on accreditation procedures for manufacturers of euro secure items and euro items (ECB/2020/24) (recast)
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Changes over time for: Article 17
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Article 17U.K.Suspension decision in relation to new orders
1.If an accredited manufacturer fails to comply with a decision on an immediate stop of a euro secure item activity under Article 14, the ECB may take a suspension decision against that accredited manufacturer. The accredited manufacturer shall be prohibited from accepting new orders until the suspension decision has been lifted.
2.If an accredited manufacturer fails to remedy an instance of non-compliance specified in a warning decision under Article 16 within the specified time limit, the ECB may take a suspension decision against that accredited manufacturer. The accredited manufacturer may finish any ongoing production order, but shall be prohibited from accepting new orders until the suspension decision has been lifted.
3.A suspension decision shall state that if the instance of non-compliance has not been remedied within the specified time limit, Article 18 shall apply.
4.If the ECB determines that a suspension decision alone is not a sufficient deterrent given the seriousness of the identified instance of non-compliance, it may take a revocation decision pursuant to Article 18.
5.A suspension decision shall only be lifted if all relevant instances of non-compliance have been assessed as having been remedied by an inspection pursuant to Article 11.
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