council regul ec januari amend regul ec applic minimum reserv european central bank council european union regard statut european system central bank european central bank hereinaft refer quot statut quot articl thereof regard recommend european central bank ecb regard opinion european parliament regard opinion commiss act accord procedur laid articl treati establish european commun articl statut condit set articl statut paragraph protocol provis relat unit kingdom great britain northern ireland paragraph protocol provis relat denmark protocol annex treati novemb council adopt regul ec applic minimum reserv european central bank specif sanction procedur set regul ec provid simplifi procedur imposit sanction event kind infring refer council regul ec novemb power european central bank impos sanction principl procedur relat imposit sanction experi review procedur laid articl regul ec simplifi articl council regul ec prove reduc period dai provid suffici time govern council proper decis order provid effect review procedur period govern council decis extend month adopt regul articl articl regul ec refer articl regul ec delet articl regul enter forc dai public offici journal european commun regul appli request made date entri forc regul purpos date request receiv ecb relev date regul bind entireti directli applic member state accord treati establish european commun brussel januari council presid de rato figaredo opinion deliv publish offici journal opinion deliv publish offici journal oj oj