{
  "url": "https://openlegislation.uk/eu-decision-2020-637/article-14",
  "json_url": "https://openlegislation.uk/eu-decision-2020-637/article-14.json",
  "legislation": "eudn/2020/637",
  "legislation_title": "Decision (EU) 2020/637 of the European Central Bank of 27 April 2020 on accreditation procedures for manufacturers of euro secure items and euro items (ECB/2020/24) (recast)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2020-637",
  "path": "article/14",
  "kind": "article",
  "number": "14",
  "heading": "Decision on an immediate stop of euro secure item activity",
  "text": "1. Where the ECB identifies a major instance of non-compliance that could result in the loss or theft of euro secure items or in the unauthorised publication of information related to euro secure items that could damage the integrity of euro banknotes as a means of payment and unless immediate remedial action is taken, the ECB may require the accredited manufacturer to stop the relevant euro secure item activity with immediate effect until the major instance of non-compliance has been remedied. In such a case, the accredited manufacturer shall not resume any euro secure item activity without the prior written consent of the ECB.\n2. An accredited manufacturer required to stop a euro secure item activity with immediate effect shall provide the ECB with information concerning any other accredited manufacturer that may, as a customer or supplier, be indirectly affected by the stopping of the euro secure item activity. The ECB may also require the accredited manufacturer to take the measures referred to in Article 18(5) to ensure that it does not possess specified euro secure items during the period in which the euro secure item activity is stopped.\n3. The ECB shall inform any potentially affected accredited manufacturer referred to in paragraph 2 if a euro secure item activity of an accredited manufacturer is stopped under paragraph 1. In such a case, the ECB shall notify these accredited manufacturers if there is a change in the status of the accredited manufacturer whose euro secure item activity was stopped pursuant to paragraph 1.\n4. Without prejudice to any decisions taken pursuant to Articles 16 to 18, the ECB shall promptly lift a stop on a euro secure item activity if an inspection conducted pursuant to Article 11 concludes that all relevant major instances of non-compliance referred to in paragraph 1 have been remedied.",
  "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/2020/637/article/14",
    "retrieved_at": "2026-11-01T15:12:16.485536+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."
}