The missed opportunities show that the concertation procedure is not working as it should.

This was done by using the regular daily concertation procedure, which continues to be used in Stage Three for quoting the euro reference exchange rates.

As a result, in 1987 a concertation procedure was made compulsory for biotechnological medicines and yielded the rapporteur system discussed further below.

J. The ad hoc concertation procedure has to be concluded before the date set by the Council for establishing its draft budget.

Developments on the foreign exchange markets of the countries participating in the concertation procedure during June and the beginning of July 1976:

With regard to contacts with institutions outside the Community, the "concertation procedure" has remained a valuable forum for exchanging data among foreign exchange experts.

To calculate the exchange rates of the official ECU on 31 December 1998, the regular daily concertation procedure will be used.

The euro area NCBs stand ready to ensure the equality between the market exchange rates ascertained in the concertation procedure and the pre-announced ones.

First, and in line with the regular concertation procedure, one euro area currency, namely the Deutsche Mark, was quoted against the US dollar according to prevailing market conventions (to 5 significant digits).

Bilateral exchange rates of the Member States’ currencies vis-à-vis the euro are daily reference rates recorded by the ECB at 2.15 p.m. (following the daily concertation procedure between central banks).

We have had a concertation procedure – I am grateful for the very fine support we got from the Committee on Budgets in that – and now we have some fairly substantial financial resources at our disposal.

Concertation procedure: framework within which central bank foreign exchange experts (from each EU Member State, Canada, Japan, Norway, Switzerland and the United States) participating in the Concertation Group exchange information about market developments.

On 31 December 1998 the irrevocable euro exchange rates were established in the context of the regular daily concertation procedure, as had been clarified in the preannouncement (see Box 5 for a description of the process followed for the adoption of the euro conversion rates).

While, as a rule, the discrete values are equal to the mid-points of the bid-ask spreads, the EU central banks, as is allowed by the current concertation procedure, will take into account the need to ascertain exchange rates expressed with six significant digits, like for the preannounced rates.

On Monday morning, for the first time, there was a concertation procedure, in accordance with Article 19 of the EU Treaty, between the Presidency, the troika and the members of the European Union sitting on the United Nations Security Council here in Brussels at ministerial level.

(m) "daily foreign exchange reference rate" means the daily foreign exchange reference rate that is based on the regular daily concertation procedure between central banks within and outside the ESCB, which normally takes place at 14.15 Central European Time.’ 2. Article 2 is amended as follows: