Decision (EU) 2020/637

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;

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;

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;

means a manufacturer that has obtained accreditation under this Decision;

has the same meaning as in Article 2(1) of Council Framework Decision 2003/568/JHA;

means any day excluding Saturday and Sunday, and any ECB public holiday, as published on the ECB’s website;

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;

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;

means a criminal organisation as defined in point (1) of Article 1 of Framework Decision 2008/841/JHA;

means an action or process to make a euro secure item of no practical use for counterfeiters;

means any obligation set out in Article 4 of this Decision;

means any of the following: (a) a finished euro banknote;

means the production of euro items;

means any of the following: (a) a finished euro banknote;

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;

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;

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;

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.

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;

means an alphanumeric reference code in line with the ISO 17442 standard assigned to a legal entity;

means any obligation set out in Article 3(1)(c) of this Decision;

means either of the following:

means the framework of policies, processes and procedures that a manufacturer establishes to ensure that the manufacturer complies with all accreditation requirements;

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;

means premises that a manufacturer uses or may use for performing a euro secure item activity or a euro item activity;

means an action carried out by a manufacturer to comply with the accreditation requirements;

has the same meaning as under Article 1(3) and (4) of Directive (EU) 2015/849 of the European Parliament and of the Council;

(NCB) means the national central bank of a Member State whose currency is the euro;

means an inspection conducted by the ECB by assessing documentation requested from a manufacturer that takes place away from the relevant manufacturing site;

means an inspection conducted by the ECB at a manufacturing site;

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;

means an NCB that has placed an order for the production of euro banknotes.

has the same meaning as under Article 3 of Directive (EU) 2017/541 of the European Parliament and of the Council;

has the same meaning as under Article 2 of Directive 2011/36/EU of the European Parliament and of the Council;