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Document 11997E107

Treaty establishing the European Community (Amsterdam consolidated version)
Part Three: Community policies
Title VII: Economic and monetary policy
Chapter 2: Monetary policy
Article 107
Article 106 - EC Treaty (Maastricht consolidated version)
Article 106 - EEC Treaty

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/tec_1997/art_107/oj

11997E107

Treaty establishing the European Community (Amsterdam consolidated version) - Part Three: Community policies - Title VII: Economic and monetary policy - Chapter 2: Monetary policy - Article 107 - Article 106 - EC Treaty (Maastricht consolidated version) - Article 106 - EEC Treaty

Official Journal C 340 , 10/11/1997 P. 0221 - Consolidated version
Official Journal C 224 , 31/08/1992 P. 0037 - Consolidated version
(EEC Treaty - no official publication available)


Treaty establishing the European Community (Amsterdam consolidated version)

Article 107

1. The ESCB shall be composed of the ECB and of the national central banks.

2. The ECB shall have legal personality.

3. The ESCB shall be governed by the decision-making bodies of the ECB which shall be the Governing Council and the Executive Board.

4. The Statute of the ESCB is laid down in a Protocol annexed to this Treaty.

5. Articles 5.1, 5.2, 5.3, 17, 18, 19.1, 22, 23, 24, 26, 32.2, 32.3, 32.4, 32.6, 33.1(a) and 36 of the Statute of the ESCB may be amended by the Council, acting either by a qualified majority on a recommendation from the ECB and after consulting the Commission or unanimously on a proposal from the Commission and after consulting the ECB. In either case, the assent of the European Parliament shall be required.

6. The Council, acting by a qualified majority either on a proposal from the Commission and after consulting the European Parliament and the ECB or on a recommendation from the ECB and after consulting the European Parliament and the Commission, shall adopt the provisions referred to in Articles 4, 5.4, 19.2, 20, 28.1, 29.2, 30.4 and 34.3 of the Statute of the ESCB.

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