5 Amendments of John PURVIS related to 2007/0192(CNS)
Amendment 5 #
Proposal for a regulation – amending act
Recital 2
Recital 2
(2) It is important to ensure that circulating euro notes and coins are authentic. Procedures are now available which enable credit institutions and other related institutions to check the authenticity and fitness for circulation of the euro notes and coins they receive before they put them back into circulation. In order to comply with the obligation to check authenticity and fitness for circulation, and to implement those procedures, these institutions need time to adapt their internal functioning.
Amendment 6 #
Proposal for a regulation – amending act
Recital 2 a (new)
Recital 2 a (new)
(2a) In order to ensure that credit institutions and other related institutions are able to comply with the obligation to check euro notes and coins for authenticity and fitness for circulation, technical procedures and standards for such checking should be defined. Article 106(1) of the Treaty assigns competence to define such standards for euro notes to the European Central Bank. With regard to euro coins, the Commission has been conferred related competences on the basis of Article 211 of the Treaty.
Amendment 7 #
Proposal for a regulation – amending act
Article 1 – paragraph 3 – point a
Article 1 – paragraph 3 – point a
Regulation (EC) No 1338/2001
Article 6 – paragraph 1
Article 6 – paragraph 1
1. Credit institutions, and any other institutioneconomic agents engaged in the sorting and distribution to the public of notes and coins as a professional activity, including: - establishments whose professional activity consists in exchanging notes and coins of different currencies, such as bureaux de change, and - economic agents engaged, as a subsidiary activity, in the sorting and distribution of notes to the public by means of automated teller machines, shall be obliged to ensure that euro notes and coins which they have received and which they intend to put back into circulation are checked for authenticity and fitness for circulation and counterfeits are detected. This verification of authenticity and fitness for circulation shall be carried out in line with procedures to be defined by the European Central Bank and the Commission for euro notes and coins respectively. The institution, in accordance with those institutions' respective competences and taking into account the particularities of euro notes and coins. The credit institutions and other economic agents referred to in the first subparagraph shall be obliged to withdraw from circulation all euro notes and coins received by them which they know or have sufficient reason to believe to be counterfeit. They shall immediately hand them over to the competent national authorities.
Amendment 8 #
Proposal for a regulation – amending act
Article 1 – paragraph 3– point b
Article 1 – paragraph 3– point b
Regulation (EC) No 1338/2001
Article 6 – paragraph 3
Article 6 – paragraph 3
By way of derogation from the first subparagraph of this paragraph 3, the laws, regulations and administrative provisions for applying the procedures mentioned in the first subparagraph of paragraph 1 of this Article shall be adopted by 31 December 2009 at the latin accordance with the deadlines laid down in such procedurest. They Member States shall forthwith inform the Commission and the European Central Bank thereof.
Amendment 9 #
Proposal for a regulation – amending act
Article 2 – paragraph 1 a (new)
Article 2 – paragraph 1 a (new)
The procedures referred to in Article 6(1) of Regulation (EC) No 1338/2001 shall have effect in the participating Member States as stipulated in the second subparagraph of Article 6(3) thereof.