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The official site of Italy's central bank
Article 110 of the EC Treaty and Article 34 of the Statute of the ESCB/ECB define the legal acts which the ECB may issue in order that the tasks entrusted to the ESCB may be carried out.
The ECB has the power to adopt regulations and decisions.
A regulation has general application, is binding in its entirety and is directly applicable in all Member States.
A decision is binding in its entirety upon those to whom it is addressed.
In addition, the ECB may make recommendations and deliver opinions. These have no binding force.
The Statute of the ESCB/ECB (in particular Article 14.3) also provides for the adoption by the ECB of guidelines and instructions addressed to the national central banks of the Eurosystem.
The competences and procedures for adopting legal acts of the ECB are set out in Article 17 of the Rules of Procedure of the ECB.
For more information on the legal acts pertaining to the ESCB and the ECB, see the “Legal framework” section of the ECB’s website.
The EUR-Lex website is the portal to EU legislation in general.
Consolidated versions of the Treaty on European Union and of the Treaty establishing the European CommunityStatute of the European System of Central Banks and of the European Central BankRules of procedure of the ECBLegal framework of the ECBEur-Lex
Legislative Decree 43/1998 on the adaptation of Italian legislation to the EC Treaty on monetary policy and the ESCB - Text only in Italian pdf 22 kB |
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