Читать книгу Treaty Establishing the European Stability Mechanism (ESM) - European Relief Council - Страница 2

Table of Contents

Оглавление

CHAPTER 1 MEMBERSHIP AND PURPOSE

ARTICLE 1 Establishment and members

ARTICLE 2 New members

ARTICLE 3 Purpose

CHAPTER 2 GOVERNANCE

ARTICLE 4 Structure and voting rules

ARTICLE 5 Board of Governors

ARTICLE 6 Board of Directors

ARTICLE 7 Managing Director

CHAPTER 3 CAPITAL

ARTICLE 8 Authorised capital stock

ARTICLE 9 Capital calls

ARTICLE 10 Changes in authorised capital stock

ARTICLE 11 Contribution key

CHAPTER 4 OPERATIONS

ARTICLE 12 Principles

ARTICLE 13 Procedure for granting stability support

ARTICLE 14 ESM precautionary financial assistance

ARTICLE 15 Financial assistance for the re-capitalisation of financial institutions of an ESM Member

ARTICLE 16 ESM loans

ARTICLE 17 Primary market support facility

ARTICLE 18 Secondary market support facility

ARTICLE 19 Review of the list of financial assistance instruments

ARTICLE 20 Pricing policy

ARTICLE 21 Borrowing operations

CHAPTER 5 FINANCIAL MANAGEMENT

ARTICLE 22 Investment policy

ARTICLE 23 Dividend policy

ARTICLE 24 Reserve and other funds

ARTICLE 25 Coverage of losses

ARTICLE 26 Budget

ARTICLE 27 Annual accounts

ARTICLE 28 Internal Audit

ARTICLE 29 External audit

ARTICLE 30 Board of Auditors

CHAPTER 6 GENERAL PROVISIONS

ARTICLE 31 Location

ARTICLE 32 Legal status, privileges and immunities

ARTICLE 33 Staff of the ESM

ARTICLE 34 Professional secrecy

ARTICLE 35 Immunities of persons

ARTICLE 36 Exemption from taxation

ARTICLE 37 Interpretation and dispute settlement

ARTICLE 38 International cooperation

CHAPTER 7 TRANSITIONAL ARRANGEMENTS

ARTICLE 39 Relation with EFSF lending

ARTICLE 40 Transfer of EFSF supports

ARTICLE 41 Payment of the initial capital

ARTICLE 42 Temporary correction of the contribution key

ARTICLE 43 First appointments

CHAPTER 8 FINAL PROVISIONS

ARTICLE 44 Accession

ARTICLE 45 Annexes

ARTICLE 46 Deposit

ARTICLE 47 Ratification, approval or acceptance

ARTICLE 48 Entry into force

Annex I

Annex II

Treaty Establishing the European Stability Mechanism (ESM)

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