Progress: Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | LIBE | CEDERSCHIÖLD Charlotte ( PPE-DE) | |
Committee Opinion | ECON |
Legal Basis:
EC Treaty (after Amsterdam) EC 123, EC Treaty (after Amsterdam) EC 308Events
PURPOSE: to protect the euro against counterfeiting to those Member States which have not adopted the euro as their single currency.
LEGISLATIVE ACT: Council Regulation (EC) No 1339/2001 extending the effects of Regulation (EC) No 1338/2001 laying down measures necessary for the protection of the euro against counterfeiting to those Member States which have not adopted the euro as their single currency.
CONTENT: in adopting Regulation (EC) No 1338/2001 (refer to the other legislative act in this procedure file), the Council provided a certain number of provisions to protect the euro from counterfeiting for those Member States which have adopted the euro as their single currency.
However, it is important that the euro should enjoy the same level of protection in those Member States which have not adopted it and the necessary provisions should be taken to that end.
This is the aim of this legislative act. The application of Articles 1 to 11 of Regulation (EC) No 1338/2001 shall be extended to those Member States which have not adopted the euro as their single currency.
ENTRY INTO FORCE: 4 July 2001.
APPLICABLE: it shall apply from 1 January 2002. However, it shall apply from 4 July 2001 to notes and coins which have not yet been issued but which it is intended to issue.
Documents
- Final act published in Official Journal: Regulation 2001/1338
- Final act published in Official Journal: OJ L 181 04.07.2001, p. 0006
- Final act published in Official Journal: Regulation 2001/1339
- Final act published in Official Journal: OJ L 181 04.07.2001, p. 0011
- Text adopted by Parliament, 1st reading/single reading: T5-0225/2001
- Text adopted by Parliament, 1st reading/single reading: OJ C 027 31.01.2002, p. 0020-0066 E
- Text adopted by Parliament, 1st reading/single reading: T5-0226/2001
- Text adopted by Parliament, 1st reading/single reading: OJ C 027 31.01.2002, p. 0020-0066 E
- Decision by Parliament: T5-0225/2001
- Debate in Parliament: Debate in Parliament
- Committee report tabled for plenary, 1st reading/single reading: A5-0120/2001
- Committee report tabled for plenary, 1st reading/single reading: A5-0120/2001
- Legislative proposal: 06281/2001
- Legislative proposal published: 06281/2001
- Debate in Council: 2314
- Debate in Council: 2312
- Initial legislative proposal: EUR-Lex
- Initial legislative proposal: OJ C 337 28.11.2000, p. 0264 E
- Initial legislative proposal: COM(2000)0492
- Initial legislative proposal published: EUR-Lex
- Initial legislative proposal published: COM(2000)0492
- Initial legislative proposal: EUR-Lex OJ C 337 28.11.2000, p. 0264 E COM(2000)0492
- Legislative proposal: 06281/2001
- Committee report tabled for plenary, 1st reading/single reading: A5-0120/2001
- Text adopted by Parliament, 1st reading/single reading: T5-0225/2001 OJ C 027 31.01.2002, p. 0020-0066 E
- Text adopted by Parliament, 1st reading/single reading: T5-0226/2001 OJ C 027 31.01.2002, p. 0020-0066 E
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PURPOSE: to ensure the protection of the euro against counterfeiting. LEGISLATIVE ACT: Council Regulation (EC) No 1338/2001/EC laying down measures necessary for the protection of the euro against counterfeiting. CONTENT: the first regulation aims to ensure a high level of protection against counterfeiting and falsification. Its purpose is to strengthen the legal protection of euro banknotes and coins in time for their introduction on the 1 January 2002. The Regulation covers the processing of technical and statistical information relating to counterfeiting, the processing of operational and strategic data, and co-operation and mutual assistance. Under the terms of the regulation, credit institutions, and any other institutions engaged in the sorting and distribution to the public of notes and coins as a professional activity, including establishments whose activity consists in exchanging notes and coins of different currencies, such as bureaux de change, shall be obliged to withdraw from circulation all euro notes and coins received by them which they know or have sufficient reason to believe to be counterfeit. They shall immediately hand them over to the competent national authorities. Each Member State shall take the necessary measures to ensure that the establishments which fail to discharge their obligations shall be subject to effective, proportionate and deterrent sanctions. The regulation also contains provisions dealing with: - gathering and access of technical and statistical data by the competent national authorities and the role of the ECB; - the obligation of the competent national authorities to transmit counterfeit notes and coins for identification to the National Analysis (NAC) or NAC or National Coins Analysis Centres to be established by the Member States and to communicate their findings to the ECB; - co-operation amongst the competent national authorities to protect the Euro against counterfeiting; - centralisation of information at national level; - definition of competent national authorities (the remaining open question on this issue was resolved by the adoption of a Council declaration which takes note of the existing situation in two Member States concerning the competence of police and judicial authorities; - relations with third countries and relevant international organisations (Europol in particular); - unauthorised notes. The second regulation aims to extend the effects of the Regulation to Member States that have not adopted the euro as a single currency. ENTRY INTO FORCE : the two regulations shall enter into force on 4 July 2001 and shall apply from 1 January 2002. New
PURPOSE: to protect the euro against counterfeiting to those Member States which have not adopted the euro as their single currency. CONTENT: in adopting Regulation (EC) No 1338/2001 (refer to the other legislative act in this procedure file), the Council provided a certain number of provisions to protect the euro from counterfeiting for those Member States which have adopted the euro as their single currency. However, it is important that the euro should enjoy the same level of protection in those Member States which have not adopted it and the necessary provisions should be taken to that end. This is the aim of this legislative act. The application of Articles 1 to 11 of Regulation (EC) No 1338/2001 shall be extended to those Member States which have not adopted the euro as their single currency. ENTRY INTO FORCE: 4 July 2001. APPLICABLE: it shall apply from 1 January 2002. However, it shall apply from 4 July 2001 to notes and coins which have not yet been issued but which it is intended to issue. |
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