council decis june consult european central bank nation author draft legisl provis ec council european union regard treati establish european commun articl thereof articl protocol statut european system central bank european central bank annex thereto regard propos commiss regard opinion european parliament regard opinion european monetari institut act accord procedur provid articl treati articl protocol european central bank ecb establish execut board appoint treati stipul nation author consult ecb draft legisl provis field compet council set limit condit consult oblig author member state consult ecb prejudic respons author matter subject provis member state consult ecb draft legisl field compet accord articl treati list area includ articl decis exhaust sixth indent articl decis prejudic present assign compet polici relat prudenti supervis credit institut stabil financi system monetari function oper european system central bank escb defin statut escb ecb central bank particip member state integr part escb act accord guidelin instruct ecb stage econom monetari union emu author particip member state consult ecb draft legisl provis instrument monetari polici long member state particip monetari polici escb decis concern decis author member state context implement monetari polici consult ecb unduli lengthen procedur adopt legisl provis member state time limit ecb deliv opinion enabl examin text refer requir care duli justifi case extrem urgenc reason state account market sensit member state set time limit month reflect urgenc situat case dialogu nation author ecb enabl interest account accord paragraph protocol annex treati decis appli unit kingdom great britain northern ireland long member state move stage emu date establish ecb start stage emu nation author consult ecb pursuant decis ec articl treati adopt decis articl purpos decis particip member state member state adopt singl currenc accord treati draft legisl provis provis legal bind gener applic territori member state lai rule indefinit number case address indefinit number natur legal person draft legisl provis includ draft provis exclus purpos transposit commun direct law member state articl author member state consult ecb draft legisl provis field compet pursuant treati currenc matter mean payment nation central bank collect compil distribut monetari financi bank payment system balanc payment statist payment settlement system rule applic financi institut materi influenc stabil financi institut market addit author member state particip member state consult ecb draft legisl provis instrument monetari polici ecb immedi receipt draft legisl provis notifi consult author opinion provis field compet articl author member state prepar legisl provis set ecb time limit submiss opinion month date presid ecb receiv notif effect case extrem urgenc time limit reduc case consult author state reason urgenc ecb request due time extens time limit addit week request unreason declin consult author expiri time limit absenc opinion prevent action consult nation author opinion ecb receiv time limit member state ensur brought knowledg author refer articl articl member state measur ensur effect complianc decis end ensur ecb consult stage enabl author initi draft legisl provis consider ecb opinion take decis substanc opinion receiv ecb brought knowledg adopt author author prepar legisl provis concern articl decis appli januari decis ec repeal effect januari articl decis address member state luxembourg june council presid cook oj oj opinion deliv april publish offici journal oj