{
  "url": "https://openlegislation.uk/eu-decision-2019-33/article-1",
  "json_url": "https://openlegislation.uk/eu-decision-2019-33/article-1.json",
  "legislation": "eudn/2019/33",
  "legislation_title": "Decision (EU) 2019/2194 of the European Central Bank of 29 November 2019 on the granting of signing powers (ECB/2019/33)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2019-33",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": "Functional signing powers",
  "text": "1. By virtue of their function, persons shall be authorised in their respective areas of responsibility to legally commit the ECB to third parties as further specified in Annex I and II.\n2. For the purpose of determining a category under paragraph 1 in cases where it is not possible to clearly determine the net value of the commitment entered into, a reasonable and cautious estimation shall be made. This estimation shall take into account potential risks involved for the ECB, in particular financial and reputational risks.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2019/33/article/1",
    "retrieved_at": "2026-11-01T15:12:52.457394+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."
}