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Document 12006E107

    Treaty establishing the European Community (consolidated version)
    Part Three - Community policies
    TITLE VII - Economic and monetary policy
    Chapter 2 - Monetary policy
    Article 107

    OJ C 321E, 29.12.2006, p. 88–88 (ES, CS, DA, DE, ET, EL, EN, FR, GA, IT, LV, LT, HU, MT, NL, PL, PT, SK, SL, FI, SV)

    Legal status of the document In force

    ELI: http://data.europa.eu/eli/treaty/tec_2006/art_107/oj

    12006E107

    Treaty establishing the European Community (consolidated version) - Part Three - Community policies - TITLE VII - Economic and monetary policy - Chapter 2 - Monetary policy - Article 107

    Official Journal C 321 E , 29/12/2006 P. 0088 - 0088
    Official Journal C 325 , 24/12/2002 P. 0076 - Consolidated version
    Official Journal C 340 , 10/11/1997 P. 0221 - Consolidated version
    Official Journal C 224 , 31/08/1992 P. 0037 - Consolidated version
    (EEC Treaty - no official publication available)


    Article 107

    1. The ESCB shall be composed of the ECB and of the national central banks.

    2. The ECB shall have legal personality.

    3. The ESCB shall be governed by the decision-making bodies of the ECB which shall be the Governing Council and the Executive Board.

    4. The Statute of the ESCB is laid down in a Protocol annexed to this Treaty.

    5. Articles 5.1, 5.2, 5.3, 17, 18, 19.1, 22, 23, 24, 26, 32.2, 32.3, 32.4, 32.6, 33.1(a) and 36 of the Statute of the ESCB may be amended by the Council, acting either by a qualified majority on a recommendation from the ECB and after consulting the Commission or unanimously on a proposal from the Commission and after consulting the ECB. In either case, the assent of the European Parliament shall be required.

    6. The Council, acting by a qualified majority either on a proposal from the Commission and after consulting the European Parliament and the ECB or on a recommendation from the ECB and after consulting the European Parliament and the Commission, shall adopt the provisions referred to in Articles 4, 5.4, 19.2, 20, 28.1, 29.2, 30.4 and 34.3 of the Statute of the ESCB.

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