{
  "url": "https://openlegislation.uk/eu-decision-2016-27/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2016-27/introduction.json",
  "legislation": "eudn/2016/27",
  "legislation_title": "Decision (EU) 2016/1717 of the European Central Bank of 21 September 2016 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2016/27)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2016-27",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Decision (EU) 2016/1717 of the European Central Bank\nof 21 September 2016\namending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2016/27)\nTHE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,\nHaving regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 12.3 thereof,\nWhereas:\n(1)\nLegal instruments addressed to national central banks (NCBs) and to national competent authorities (NCAs), such as European Central Bank (ECB) guidelines and instructions, need to be properly notified to their addressees. Today, the commonly accepted practice for notifications between the ECB, on the one hand, and the NCBs or NCAs, on the other, is use of electronic means including email. In contrast, telex has become obsolete as a means of communication due to technological developments.\n(2)\nIn the past two years, the ECB has adopted many decisions addressed to supervised entities or entities which have applied for authorisation to take up the business of a credit institution. Equally, the ECB has adopted decision imposing sanctions on third parties. Although primary law does not prescribe this, the ECB Rules of Procedure currently require the ECB President to sign these types of ECB decisions with addressees.\n(3)\nIn the future, ECB decisions addressed to supervised entities or entities which have applied for authorisation to take up the business of a credit institution and decisions imposing sanctions on third parties should be signed by the Secretary of the Governing Council in order to certify the conformity with the Governing Council's decision.\n(4)\nGiven the significantly increased volume of supervisory decisions, the amendment should be adopted as a matter of urgency and enter into force on the day of its publication in the Official Journal of the European Union.\n(5)\nTherefore, Decision ECB/2004/2 should be amended accordingly,\nHAS ADOPTED THIS DECISION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Decision ECB/2004/2 of 19 February 2004 adopting the Rules of Procedure of the European Central Bank (OJ L 80, 18.3.2004, p. 33)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2016/27/introduction",
    "retrieved_at": "2026-11-01T15:14:06.122080+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}