{
  "url": "https://openlegislation.uk/eu-regulation-2010-670/introduction",
  "json_url": "https://openlegislation.uk/eu-regulation-2010-670/introduction.json",
  "legislation": "eur/2010/670",
  "legislation_title": "Council Regulation (EU) No 670/2010 of 13 July 2010 amending Regulation (EC) No 974/98 as regards the introduction of the euro in Estonia",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2010-670",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Regulation (EU) No 670/2010\nof 13 July 2010\namending Regulation (EC) No 974/98 as regards the introduction of the euro in Estonia\nTHE COUNCIL OF THE EUROPEAN UNION,\nHaving regard to the Treaty on the Functioning of the European Union (the Treaty), and in particular Article 140(3) thereof,\nHaving regard to the proposal from the European Commission,\nHaving regard to the opinion of the European Central Bank,\nWhereas:\n(1)\nCouncil Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro provides for the substitution of the euro for the currencies of the Member States which fulfilled the necessary conditions for the adoption of the euro at the time when the Community entered the third stage of economic and monetary union.\n(2)\nCouncil Regulation (EC) No 2596/2000 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Greece.\n(3)\nCouncil Regulation (EC) No 2169/2005 amended Regulation (EC) No 974/98 in order to prepare for subsequent introductions of the euro in Member States which have not yet adopted the euro as the single currency.\n(4)\nCouncil Regulation (EC) No 1647/2006 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Slovenia.\n(5)\nCouncil Regulation (EC) No 835/2007 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Cyprus.\n(6)\nCouncil Regulation (EC) No 836/2007 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Malta.\n(7)\nCouncil Regulation (EC) No 693/2008 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Slovakia.\n(8)\nIn accordance with Article 4 of the 2003 Act of Accession, Estonia is a Member State with a derogation as defined in Article 139(1) of the Treaty.\n(9)\nPursuant to Council Decision 2010/416/EU of 13 July 2010 in accordance with Article 140(2) of the Treaty on the adoption by Estonia of the euro on 1 January 2011, Estonia fulfils the necessary conditions for the adoption of the euro and the derogation in favour of Estonia is to be abrogated with effect from 1 January 2011.\n(10)\nThe introduction of the euro in Estonia requires the extension to Estonia of the existing provisions on the introduction of the euro set out in Regulation (EC) No 974/98.\n(11)\nEstonia’s changeover plan specifies that euro banknotes and coins should become legal tender in that Member State on the day of the introduction of the euro as its currency. Consequently, the euro adoption date and the cash changeover date should be 1 January 2011. No ‘phasing-out’ period should apply.\n(12)\nRegulation (EC) No 974/98 should therefore be amended accordingly,\nHAS ADOPTED THIS REGULATION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ L 139, 11.5.1998, p. 1."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 300, 29.11.2000, p. 2."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "OJ L 346, 29.12.2005, p. 1."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "OJ L 309, 9.11.2006, p. 2."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "OJ L 186, 18.7.2007, p. 1."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "OJ L 186, 18.7.2007, p. 3."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "OJ L 195, 24.7.2008, p. 1."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "See page 24 of this Official Journal."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2010/670/introduction",
    "retrieved_at": "2026-11-01T14:50:42.123465+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."
}