SECTION IIICONSEQUENCES OF NON-COMPLIANCE
Article 20Delegation and sub-delegation
1.
The Governing Council delegates the power to take all decisions relating to a manufacturer’s accreditation under Article 6(1), 6(3) and 6(7), Article 7, Article 10, Article 14(1) and 14(4) and Articles 16 to 19 to the Executive Board.
2.
The Executive Board may sub-delegate the power to take all decisions relating to a manufacturer’s accreditation under Article 6(1), 6(3), and 6(7) and Article 7 to one of its members.
3.
The Executive Board may sub-delegate the power to the operational level to:
(a)
grant the ECB’s prior written consent in accordance with Article 10(1) in cases in which an accredited manufacturer has complied with all relevant accreditation requirements pursuant to Articles 3 and 4 and all relevant obligations pursuant to Article 9;
(b)
take decisions relating to an immediate stop of euro secure item activity pursuant to Article 14.
4.
The Executive Board shall inform the Governing Council of any decisions taken upon delegation or sub-delegation under this Article.