SECTION IVCONTINUING OBLIGATIONS

Article 11Continuing obligations of quality accredited manufacturers and of the ECB

1.

An accredited manufacturer shall, for the relevant manufacturing site, provide the ECB with a copy of the certificate for its quality management system each time the initial certificate referred to in Articles 3(2)(b) and 4(2)(a) is renewed.

2.

An accredited manufacturer shall inform the ECB in writing and without undue delay of any of the following:

(a)

the commencement of any procedure for its winding-up or reorganisation or any analogous procedure;

(b)

the appointment of a liquidator, receiver, administrator or similar officer;

(c)

any intention to involve third parties in a euro banknote production activity, including through subcontracting;

(d)

any change made after quality accreditation has been granted that affects, or may affect, the fulfilment of the requirements for quality accreditation;

(e)

any change of control of the manufacturer following a change in its ownership structure or for any other reason.

3.

An accredited manufacturer shall keep the quality requirements confidential.

4.

The ECB shall inform accredited manufacturers of any update of the quality requirements.