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The Treaty of the European Union: Maastricht Treaty, 7 February 1992
Contents:
ARTICLE 28
Capital of the ECB
28.1. The capital of the ECB, which shall become operational upon its establishment, shall be ECU 5 000 million. The capital may be increased by such amounts as may be decided by the Governing Council acting by the qualified majority provided for in Article 10.3, within the limits and under the conditions set by the Council under the procedure laid down in Article 42.
28.2. The national central banks shall be the sole subscribers to and holders of the capital of the ECB. The subscription of capital shall be according to the key established in accordance with Article 29.
28.3. The Governing Council, acting by the qualified majority provided for in Article 10.3, shall determine the extent to which and the form in which the capital shall be paid up.
28.4. Subject to Article 28.5, the shares of the national central banks in the subscribed capital of the ECB may not be transferred, pledged or attached.
28.5. If the key referred to in Article 29 is adjusted, the national central banks shall transfer among themselves capital shares to the extent necessary to ensure that the distribution of capital shares corresponds to the adjusted key. The Governing Council shall determine the terms and conditions of such transfers.
Contents:
Chicago: European Union, "Article 28 Capital of the Ecb," The Treaty of the European Union: Maastricht Treaty, 7 February 1992, ed. Symons, Arthur, 1865-1945 and trans. Elwes, R. H. M. (Robert Harvey Monro), 1853- in The Treaty of the European Union: Maastricht Treaty, 7 February 1992 (London: Smith, Elder & Co., November 1909 - December 1910 (14 issues)), Original Sources, accessed March 27, 2025, http://www.originalsources.com/Document.aspx?DocID=3ZL7CYN7WIGM8LU.
MLA: European Union. "Article 28 Capital of the Ecb." The Treaty of the European Union: Maastricht Treaty, 7 February 1992, edited by Symons, Arthur, 1865-1945, and translated by Elwes, R. H. M. (Robert Harvey Monro), 1853-, in The Treaty of the European Union: Maastricht Treaty, 7 February 1992, Vol. Volume One, London, Smith, Elder & Co., November 1909 - December 1910 (14 issues), Original Sources. 27 Mar. 2025. http://www.originalsources.com/Document.aspx?DocID=3ZL7CYN7WIGM8LU.
Harvard: European Union, 'Article 28 Capital of the Ecb' in The Treaty of the European Union: Maastricht Treaty, 7 February 1992, ed. and trans. . cited in November 1909 - December 1910 (14 issues), The Treaty of the European Union: Maastricht Treaty, 7 February 1992, Smith, Elder & Co., London. Original Sources, retrieved 27 March 2025, from http://www.originalsources.com/Document.aspx?DocID=3ZL7CYN7WIGM8LU.
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