Legal provisions of COM(2013)184 - Denominations and technical specifications of euro coins intended for circulation (recast) - Main contents
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dossier | COM(2013)184 - Denominations and technical specifications of euro coins intended for circulation (recast). |
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document | COM(2013)184 |
date | June 24, 2014 |
Contents
Article 1
Article 2
(1) | ‘circulation coins’ means euro coins intended for circulation, the denominations and technical specifications of which are referred to in Article 1; |
(2) | ‘regular coins’ means circulation coins excluding commemorative coins; |
(3) | ‘commemorative coins’ means circulation coins which are intended to commemorate a specific subject as specified in Article 9. |
Article 3
Article 4
2. By way of derogation from paragraph 1, the edge lettering of the 2-euro coin may include an indication of the denomination, provided that only the figure ‘2’ or the term ‘euro’ in the relevant alphabet, or both, are used.
Article 5
Article 6
2. The designs for the national side of circulation coins shall be chosen taking into account that euro coins circulate in all Member States whose currency is the euro.
Article 7
2. Without prejudice to paragraph 1, changes to the designs used for the national sides of regular coins may be made where the Head of State referred to on a coin changes. However, a temporary vacancy or the provisional occupation of the function of the Head of State shall not give any additional right to such a change.
Article 8
Article 9
2. The edge lettering on commemorative coins shall be the same as on regular coins.
3. Commemorative coins may only have a face value of 2 euro.
Article 10
2. The power to approve designs for new or modified national sides of circulation coins shall be conferred on the Council acting by qualified majority in accordance with the procedure set out in paragraphs 3 to 7.
When taking the decisions referred to in this Article, the voting rights of the Member States whose currency is not the euro shall be suspended.
3. For the purpose of paragraph 1, draft designs of circulation coins shall be submitted by the issuing Member State to the Council, to the Commission and to the other Member States whose currency is the euro, in principle at least three months before the planned issue date.
4. Within seven days following the submission referred to in paragraph 3, any Member State whose currency is the euro may, in a reasoned opinion addressed to the Council and to the Commission, raise an objection to the draft design proposed by the issuing Member State if that draft design is likely to create adverse reactions among its citizens.
5. Where the Commission considers that the draft design does not respect the technical requirements set out by this Regulation, it shall, within seven days following the submission referred to in paragraph 3, submit a negative assessment to the Council.
6. If no reasoned opinion or negative assessment has been submitted to the Council within the time limit referred to in paragraphs 4 and 5 respectively, the decision approving the design shall be deemed to be adopted by the Council on the day following the expiry of the time limit referred to in paragraph 5.
7. In all other cases, the Council shall decide without delay on the approval of the draft design, unless, within seven days following the submission of a reasoned opinion or of a negative assessment, the issuing Member State withdraws its submission and informs the Council of its intention to submit a new draft design.
8. All relevant information on new national circulation coin designs shall be published by the Commission in the Official Journal of the European Union.
Article 11
(a) | shall not apply to circulation coins which have been issued or produced prior to 19 June 2012; |
(b) | shall, during a transitional period ending on 20 June 2062, not apply to the designs that were already legally in use on circulation coins on 19 June 2012. |
Circulation coins that have been issued or produced during the transitional period may remain legal tender without limit in time.
Article 12
References to the repealed Regulation shall be construed as references to this Regulation and shall be read in accordance with the correlation table in Annex III.
Article 13
This Regulation shall be binding in its entirety and directly applicable in the Member States, in accordance with the Treaties.