Decision (EU) 2019/2194 of the European Central Bank of 29 November 2019 on the granting of signing powers (ECB/2019/33)

1 By virtue of their function, persons shall be authorised in their respective areas of responsibility to legally commit the ECB to third parties as further specified in Annex I and II.

2 For the purpose of determining a category under paragraph 1 in cases where it is not possible to clearly determine the net value of the commitment entered into, a reasonable and cautious estimation shall be made. This estimation shall take into account potential risks involved for the ECB, in particular financial and reputational risks.

1 For cases not covered by Article 1 and where justified, the Chief Services Officer, acting on behalf of the President, is exceptionally granted the power to authorise other members of staff of the ECB, (members of staff or short-term contract employees) to legally commit the ECB to third parties.

2 The Chief Services Officer shall submit to the President an annual report on the decisions taken on the basis of the powers granted in accordance with paragraph 1.

1 The Chief Services Officer, acting on behalf of the President, is granted the power in matters falling under the Chief Services Officer’s areas of responsibility to exceptionally authorise a person who is not an ECB member of staff to legally commit the ECB to third parties in accordance with instructions provided by the ECB in order to implement contractual agreements the ECB entered into with that person or with an entity to which this person is affiliated.

2 This shall not include the right of further sub-authorisation.

The members of staff of the ECB authorised to legally commit the ECB to third parties shall be listed in the Book of Authorised Signatories of the ECB as referred to in Article 14.2 of Decision ECB/2004/2 .

This Decision shall enter into force on 1 January 2020.