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Treaty establishing the European Coal and Steel Community - Title III - Economic and social provisions - Chapter 2 - Financial Provisions - Article 53

Without prejudice to the provisions of Article 58 or Chapter 5 of Title III, the Commission may:

(a) after consulting the Consultative Committee and the Council, authorize the making, on conditions which it shall determine and under its supervision, of any financial arrangements common to several undertakings which it recognizes to be necessary for the performance of the tasks set out in Article 3 and compatible with this Treaty, and in particular with Article 65;

(b) with the unanimous assent of the Council, itself make any financial arrangements serving the same purposes.

Similar arrangements made or maintained by Member States shall be notified to the Commission, which, after consulting the Consultative Committee and the Council, shall make the necessary recommendations to the States concerned where such arrangements are inconsistent, in whole or in part, with the application of this Treaty.