- accreditation
means the permission, granted to a manufacturer by means of an ECB decision, to perform a euro secure item activity or a euro item activity at a specific manufacturing site;
- accreditation procedure
means a procedure under which manufacturers’ compliance with accreditation requirements, as set out in this Decision, is assessed, that takes place when the manufacturers request accreditation and while they are being accredited, and which may lead to sanctions, including financial penalties, in the event of non-compliance with these requirements;
- accreditation requirement
means any of the requirements relating to security, quality, environment, health and safety, any ethical or any location requirements and any other obligations, either set out in this Decision or in any other related legal instrument, that the ECB requires a manufacturer to comply with in order to perform a euro secure item activity or a euro item activity;
- accredited manufacturer
means a manufacturer that has obtained accreditation under this Decision;
- active and passive corruption
has the same meaning as in Article 2(1) of Council Framework Decision 2003/568/JHA;
- business day
means any day excluding Saturday and Sunday, and any ECB public holiday, as published on the ECB’s website;
- certification
means a document issued by an independent certification entity accredited by a national accreditation authority, whose certifications are recognised in the Member State where the manufacturer is located;
- controlling entity
means a manufacturer’s administrative, management or supervisory body, or any legal person within the meaning of Article 5(4) of Council Framework Decision 2008/841/JHA, that may represent, take decisions on behalf of, or exercise control over the manufacturer;
- criminal organisation
means a criminal organisation as defined in point (1) of Article 1 of Framework Decision 2008/841/JHA;
- destruction
means an action or process to make a euro secure item of no practical use for counterfeiters;
- ethical requirement
means any obligation set out in Article 4 of this Decision;
- euro item
means any of the following: (a) a finished euro banknote;
- euro item activity
means the production of euro items;
- euro secure item
means any of the following: (a) a finished euro banknote;
- euro secure item activity
means any of the following: the origination, production, processing, destruction, storage, analysis, internal movement of euro secure items within a manufacturing site or the transport of euro secure items;
- fraud
means: (a) the use or presentation of false, incorrect or incomplete statements or documents, which has, as its effect, the misappropriation or wrongful retention of funds, non-disclosure of information in violation of a specific obligation, with the same effect, the misapplication of such funds for purposes other than those for which they were originally granted;
- independent auditor
means a recognised entity competent to assess and declare that a manufacturer’s corporate compliance programme complies with the principles, rules and procedures on the ethical conduct of business, including the relevant internal department of an NCB for a manufacturer which is legally and organisationally part of that NCB, or which is a separate legal person in cases where the NCB exercises similar control over that legal person to that which it exercises over its own departments;
- ink production
means the preparation of ink which, by means of mixing and grinding of raw materials and/or base ink, are ready to be used in the printing of euro banknotes.
- inspection
means a procedure that assesses a manufacturer’s compliance with the accreditation requirements, taking the form of an on-site or off-site inspection, and ending with a report on the findings of this assessment;
- legal entity identifier (LEI)
means an alphanumeric reference code in line with the ISO 17442 standard assigned to a legal entity;
- location requirement
means any obligation set out in Article 3(1)(c) of this Decision;
- major instance of non-compliance
means either of the following:
- management system
means the framework of policies, processes and procedures that a manufacturer establishes to ensure that the manufacturer complies with all accreditation requirements;
- manufacturer
means a legal entity that may have the capability to perform a euro secure item activity or a euro item activity, with the exception of legal entities that are only involved in the transport or destruction of euro secure items;
- manufacturing site
means premises that a manufacturer uses or may use for performing a euro secure item activity or a euro item activity;
- measure
means an action carried out by a manufacturer to comply with the accreditation requirements;
- money laundering
has the same meaning as under Article 1(3) and (4) of Directive (EU) 2015/849 of the European Parliament and of the Council;
- national central bank
(NCB) means the national central bank of a Member State whose currency is the euro;
- off-site inspection
means an inspection conducted by the ECB by assessing documentation requested from a manufacturer that takes place away from the relevant manufacturing site;
- on-site inspection
means an inspection conducted by the ECB at a manufacturing site;
- origination
means the transformation of the basic design of the euro banknotes into layouts, colour separation, line work and printing plates and the preparation of layouts and prototypes for components proposed in those basic designs;
- responsible national central bank (NCB)
means an NCB that has placed an order for the production of euro banknotes.
- terrorist offence
has the same meaning as under Article 3 of Directive (EU) 2017/541 of the European Parliament and of the Council;
- trafficking in human beings
has the same meaning as under Article 2 of Directive 2011/36/EU of the European Parliament and of the Council;