Decision of the European Central Bank of 15 May 2008 on security accreditation procedures for manufacturers of euro secure items for euro banknotes (ECB/2008/3) (2008/402/EC) (repealed)

SECTION III CONTINUING OBLIGATIONS

Article 8 Continuing obligations of accredited manufacturers and the ECB

1. An accredited manufacturer shall inform the ECB in writing and without undue delay of:

(a) the commencement of any procedure for the winding-up or reorganisation of the manufacturer or any analogous procedure;

(b) the appointment of a liquidator, receiver, administrator or similar officer in relation to the manufacturer;

(c) any intention to subcontract or involve third parties in the euro secure activities for which the manufacturer has security accreditation;

(d) any change made after security accreditation has been granted that affects, or may affect, the security arrangements covered by the security accreditation; or

(e) any change of control of the accredited manufacturer pursuant to a change in the structure of the ownership or by any other means.

2. The ECB shall inform accredited manufacturers of any updates to the security rules that concern the euro secure activity for which they have been granted security accreditation.