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Document 12012E132

    Consolidated version of the Treaty on the Functioning of the European Union
    PART THREE - UNION POLICIES AND INTERNAL ACTIONS
    TITLE VIII - ECONOMIC AND MONETARY POLICY
    Chapter 2 - Monetary policy
    Article 132
    (ex Article 110 TEC)

    OJ C 326, 26.10.2012, p. 104–104 (BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    Legal status of the document In force

    ELI: http://data.europa.eu/eli/treaty/tfeu_2012/art_132/oj

    26.10.2012   

    EN

    Official Journal of the European Union

    C 326/1

    CONSOLIDATED VERSION OF THE TREATY ON THE FUNCTIONING OF THE EUROPEAN UNION

    PART THREE

    UNION POLICIES AND INTERNAL ACTIONS

    TITLE VIII

    ECONOMIC AND MONETARY POLICY

    CHAPTER 2

    MONETARY POLICY

    Article 132

    (ex Article 110 TEC)

    1.   In order to carry out the tasks entrusted to the ESCB, the European Central Bank shall, in accordance with the provisions of the Treaties and under the conditions laid down in the Statute of the ESCB and of the ECB:

    —

    make regulations to the extent necessary to implement the tasks defined in Article 3.1, first indent, Articles 19.1, 22 and 25.2 of the Statute of the ESCB and of the ECB in cases which shall be laid down in the acts of the Council referred to in Article 129(4),

    —

    take decisions necessary for carrying out the tasks entrusted to the ESCB under the Treaties and the Statute of the ESCB and of the ECB,

    —

    make recommendations and deliver opinions.

    2.   The European Central Bank may decide to publish its decisions, recommendations and opinions.

    3.   Within the limits and under the conditions adopted by the Council under the procedure laid down in Article 129(4), the European Central Bank shall be entitled to impose fines or periodic penalty payments on undertakings for failure to comply with obligations under its regulations and decisions.

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