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Document 11992E208

TREATY ESTABLISHING THE EUROPEAN COMMUNITY
PART FIVE : INSTITUTIONS OF THE COMMUNITY
TITLE II : FINANCIAL PROVISIONS
ARTICLE 208

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

OL C 224, 1992 8 31, p. 74 (ES, DA, DE, EL, EN, FR, IT, NL, PT)

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/tec_1992/art_208/oj

11992E208

TREATY ESTABLISHING THE EUROPEAN COMMUNITY - PART FIVE : INSTITUTIONS OF THE COMMUNITY - TITLE II : FINANCIAL PROVISIONS - ARTICLE 208 /* CODIFIED VERSION OF THE TREATY ESTABLISHING THE EUROPEAN COMMUNITY */

Official Journal C 224 , 31/08/1992 P. 0074


Article 208

The Commission may, provided it notifies the competent authorities of the Member States concerned, transfer into the currency of one of the Member States its holdings in the currency of another Member State, to the extent necessary to enable them to be used for purposes which come within the scope of this Treaty. The Commission shall as far as possible avoid making such transfers if it possesses cash or liquid assets in the currencies which it needs.

The Commission shall deal with each Member State through the authority designated by the State concerned. In carrying out financial operations the Commission shall employ the services of the bank of issue of the Member State concerned or of any other financial institution approved by that State.

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