European Central Bank. 1 Articles 9.1, 17, 35.1, 35.2, and 35.4 of Protocol (No 4) on the Statute of the European System of Central Banks and of the European Central Bank, shall apply in respect of the ECB, the members of its organs, its staff, the representatives of the national central banks in the ESCB who take part in the activities of the ECB, and any property, assets and operations of the ECB in the United Kingdom held, managed or conducted pursuant to that Protocol. The ECB shall be exempt from requirements to register in the United Kingdom or to obtain any form of licence, permit or other authorisation or permission from the United Kingdom to carry out its operations.
European Central Bank. 1 This Title shall apply in respect of the European Central Bank ("ECB"), the members of its organs, its staff, and the representatives of the national central banks in the European System of Central Banks ("ESCB") who take part in the activities of the ECB.
European Central Bank. This Title shall apply in respect of the European Central Bank ("ECB"), the members of its organs, its staff, and the representatives of the national central banks in the European System of Central Banks ("ESCB") who take part in the activities of the ECB. (131) Staff Regulations of Officials of the European Union as laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 of 29 February 1968 laying down the Staff Regulations and the Conditions of Employment of Other Servants of the European Communities and instituting special measures temporarily applicable to officials of the Commission (OJ L 56, 4.3.1968, p. 1).
European Central Bank. 1. Articles 9.1, 17, 35.1, 35.2, and 35.4 of Protocol (No 4) on the Statute of the European System of Central Banks and of the European Central Bank, shall apply in respect of the ECB, the members of its organs, its staff, representatives of the national central banks in the European System of Central Banks taking part in its activities, and any property, assets and operations of the ECB in the United Kingdom held, managed or conducted pursuant to Protocol (No 4) on the Statute of the European System of Central Banks and of the European Central Bank. The ECB shall be exempt from the necessity to register or to obtain any form of licence, permit or other authorisation or permission in the United Kingdom to carry out its operations.
European Central Bank. Article 149 Chapter 4 Article 150
European Central Bank. Article 142 Reimbursement of the paid-in capital
1. The United Kingdom shall remain liable, in accordance with this Article, for the financial operations approved by the EIB before the date of entry into force of this Agreement, as further specified in paragraph 2 (“EIB financial operations”), even if the resulting financial exposure is assumed on or after the date of entry into force of this Agreement, as well as for other risks assumed by the EIB as set out in the following subparagraph. The liability of the United Kingdom shall extend to the EIB financial operations, and to asset- liability management risks and operational risks attributable to the EIB financial operations, in accordance with paragraph 6. For other such risks not associated with specific financial operations and not attributable to the stock of financial operations built after the date of entry into force of this Agreement, the liability of the United Kingdom shall be proportional to the ratio between the remaining exposure due to EIB financial operations and the total amount of financial operations at the time the liability of the United Kingdom is triggered in accordance with paragraph 6. The implementation of any post-withdrawal growth strategy of the EIB is not covered by the scope of this Article.
2. The EIB financial operations shall include loans, guarantees, fund investments, equity investments, bonds and other loan substitute products, and any other financing operations, with counterparties or regarding projects inside and outside the territory of the Member States, including operations guaranteed by third parties including the Member States or the Union. The liability of the United Kingdom for EIB financial operations shall apply where the financial exposure of the EIB:
(a) is based on an approval by the Board of Directors of the EIB given prior to the date of entry into force of this Agreement, or on a decision adopted on the basis of a delegation by the Board of Directors given prior to the date of entry into force of this Agreement;
(b) results from the restructuring of an EIB financial operation, to the extent that such restructuring does not increase the financial exposure to the counterparty, in nominal terms, as it stood immediately prior to the restructuring;
(c) results from a change to an EIB financial operation by the Board of Directors of the EIB approved on or after the date of entry into force of this Agreement, to the extent that such change does not increase th...
European Central Bank. 1. This Title shall apply in respect of the European Central Bank ("ECB"), the members of its organs, its staff, and the representatives of the national central banks in the European System of Central Banks ("ESCB") who take part in the activities of the ECB.
2. The second paragraph of article 22 of the Protocol on the Privileges and Immunities shall apply in respect of the ECB, the members of its organs, its staff, the representatives of the national central banks in the ESCB who take part in the activities of the ECB, and any property, assets and operations of the ECB in the United Kingdom held, managed or conducted pursuant to Protocol (No 4) on the Statute of the European System of Central Banks and of the European Central Bank.
3. Paragraph 2 shall apply in respect of:
(a) such property and assets of the ECB that are held in the United Kingdom at the end of the transition period; and
European Central Bank. 372 A Massa and X Xxxxxx, “Liquidity and a “Lie”: Funds Confront $30 Trillion Wall of Worry” (27 June, 2019) Bloomberg (quoting Xxxx Xxxxxx). See also generally, Xxxxx et al (n 371). 373 X Xxxxx and X Xxxxxx, “XXX governor Xxxx Xxxxxx calls for change to investment regula- tion” (26 June, 2019) Financial Times (quoting Xxxx Xxxxxx), available at: https:// xxx.xx.xxx/xxxxxxx/x0x0xx00-000x-00x0-0xxx-00x000xxx000. 374 Xxxxx and Xxxxxx (n 372) (quoting Xxxx Xxxxxx). See also generally, Xxxxx et al (n 371). 375 X Xxxxx and X Xxxxxx, “XXX governor Xxxx Xxxxxx calls for change to investment regula- tion” (26 June, 2019) Financial Times (quoting Xxxx Xxxxxx), available at: xxxxx://xxx.xx. com/content/e6d5bf04-980b-11e9-8cfb-30c211dcd229.
European Central Bank. The Mandatory Cost Rate for any Lender lending from a Facility Office in a Participating Member State will be the percentage notified by that Lender to the Administrative Agent. This percentage will be certified by that Lender in its notice to the Agent to be its reasonable determination of the cost (expressed as a percentage of that Lender's participation in all Loans made from that Facility Office) of complying with the minimum reserve requirements of the European Central Bank in respect of Loans made from that Facility Office. The Mandatory Cost Rate for any Lender lending from a Facility Office in the United Kingdom will be the rate determined by the Administrative Agent (in consultation with the applicable Lender) (and rounded upward, if necessary, to the next 1/16th of 1%) as the rate resulting from the application (as appropriate) of the formula: for Sterling sums: XL + S(L - D) + F x 0.01 ------------------------ 100 - (X+S) for other sums: F x 0.01 -------- 300 where on the day of application: X is the percentage of Eligible Liabilities (in excess of any stated minimum) by reference to which the applicable Lender is required under the Bank of England Act 1998 (the "Act") to maintain, cash ratio deposits with the Bank of England; L is the percentage rate per annum at which Sterling deposits for the relevant period are offered by the applicable Lender to leading banks in the London Interbank Market at or about 11:00 am (London time) on that day; F is the rate of charge payable by the applicable Lender to the FSA under the Fees Regulations expressed in pounds per (pound)1 million of the Fee Base of the applicable Lender; S is the level of interest bearing Special Deposits, expressed as a percentage of Eligible Liabilities, which the applicable Lender is required to maintain by the Bank of England (or other United Kingdom governmental authorities or agencies); and D is the percentage rate per annum payable by the Bank of England to the applicable Lender on Special Deposits. (X, L, S and D are to be expressed in the formula as numbers and not as percentages. A negative result obtained from subtracting D from L shall be counted as zero.) The Mandatory Cost Rate attributable to a sum for any Interest Period shall be calculated at or about 11:00 am (London time) on the first day of such Interest Period for the duration of such Interest Period. The determination of the Mandatory Cost Rate in relation to any period shall, in the absence of manifest error, b...
European Central Bank. 1. This Title shall apply in respect of the European Central Bank (“ECB”), the members of its organs, its staff, and representatives of the national central banks in the European System of Central Banks taking part in its activities.
2. The second paragraph of Article 22 of the Protocol on the Privileges and Immunities shall apply in respect of the ECB, the members of its organs, its staff, representatives of the national central banks in the European System of Central Banks taking part in its activities, and any property, assets and operations of the ECB in the United Kingdom held, managed or conducted pursuant to Protocol (No 4) on the Statute of the European System of Central Banks and of the European Central Bank.
3. Paragraph 2 shall apply in respect of:
(a) such property and assets of the ECB that are held in the United Kingdom at the end of the transition period; and
(b) such operations, and ancillary activities related thereto, of the ECB in the United Kingdom or with United Kingdom counterparts that were ongoing at the end of the transition period, or that are initiated after the end of the transition period as part of its activities to sustain operations that were ongoing at the end of the transition period, until their final maturity, disposal or completion.
