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Document 11992E073

TREATY ESTABLISHING THE EUROPEAN COMMUNITY
PART THREE : COMMUNITY POLICIES
TITLE III : FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL
CHAPTER 4 : CAPITAL AND PAYMENTS
ARTICLE 73

/* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/tec_1992/art_73/oj

11992E073

TREATY ESTABLISHING THE EUROPEAN COMMUNITY - PART THREE : COMMUNITY POLICIES - TITLE III : FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL - CHAPTER 4 : CAPITAL AND PAYMENTS - ARTICLE 73 /* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

Official Journal C 224 , 31/08/1992 P. 0025


Article 73

1. If movements of capital lead to disturbances in the functioning of the capital market in any Member State, the Commission shall, after consulting the Monetary Committee, authorize that State to take protective measures in the field of capital movements, the conditions and details of which the Commission shall determine.

The Council may, acting by a qualified majority, revoke this authorization or amend the conditions or details thereof.

2. A Member State which is in difficulties may, however, on grounds of secrecy or urgency, take the measures mentioned above, where this proves necessary, on its own initiative. The Commission and the other Member States shall be informed of such measures by the date of their entry into force at the latest. In this event the Commission may, after consulting the Monetary Committee, decide that the State concerned shall amend or abolish the measures.

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