Considerations on COM(2017)452 - Amendment of Decision 2003/76/EC on measures for implementation of the Protocol with regard to expiry of the ECSC Treaty and on the Research Fund for Coal and Steel

Please note

This page contains a limited version of this dossier in the EU Monitor.

 
dossier COM(2017)452 - Amendment of Decision 2003/76/EC on measures for implementation of the Protocol with regard to expiry of the ECSC Treaty and ...
document COM(2017)452 EN
date April 16, 2018
 
table>(1)The Treaty establishing the European Coal and Steel Community expired on 23 July 2002 in accordance with Article 97 of that Treaty. All assets and liabilities of the European Coal and Steel Community (ECSC) were transferred to the Union on 24 July 2002.
(2)Protocol No 37 takes account of the desire to use the funds of the ESCS for research in sectors related to the coal and steel industry and, therefore, the necessity to provide for certain special rules in that regard. Article 1(1) of Protocol No 37 states that the net worth of the assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, is to be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the ‘ECSC in liquidation’. On completion of the liquidation, they are to be referred to as the ‘assets of the Research Fund for Coal and Steel’.

(3)Protocol No 37 also provides that the revenue from those assets, referred to as the ‘Research Fund for Coal and Steel’, is to be used exclusively for research, outside the research framework programme, in the sectors related to the coal and steel industry in accordance with the provisions of Protocol No 37 and of acts adopted on the basis thereof.

(4)On 1 February 2003 the Council adopted Decision 2003/76/EC (2), which establishes the rules for implementing Protocol No 37.

(5)In view of the exceptional decrease, due to the low-interest-rate environment on the capital markets in recent years, in the revenue stemming from the assets of the ECSC in liquidation dedicated to research in the sectors related to the coal and steel industry, it is necessary to revise the rules on the cancellation of commitments made under the research programme of the Research Fund for Coal and Steel (‘the programme’) so as to make amounts corresponding to such cancellations available to the programme. Moreover, amounts corresponding to cancellations of commitments that have occurred since 24 July 2002 should also be made available to the Research Fund for Coal and Steel.

(6)For the same reason, it is also necessary to revise the rules on the amounts recovered under the programme so as to carry them over to the programme under the relevant provisions on assigned revenues of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (3).

(7)Decision 2003/76/EC should therefore be amended accordingly,