Article 59m Transfers after the calculation of the balance of the ESR Compliance AccountF1

The central administrator shall ensure that, upon request of a Member State, the Union Registry carries out a transfer of AEAs from the ESR Compliance Account for a given year of that Member State to the ESR Compliance Account of another Member State. Such transfer shall not be carried out in any of the following cases:

1. (a)

   the Member State's request is submitted before the calculation of the balance of the account pursuant to Article 59e;

2. (b)

   the requested amount exceeds the positive balance of the account as calculated pursuant to Article 59e or the remaining amount;

3. (c)

   the status of the ESR Compliance Account initiating the transfer does not allow the transfer.