European Monetary Institute 17 March 1998, Opinion of the European Monetary Institute at the request of the Belgian Ministry of Finance under Article 109f (6) of the Treaty establishing the European Community, Article 5.3 of the Statute of the EMI and Council Decision 93/717/EC of 22 November 1993 on a draft law amending protection measures relating to bank deposits and financial instruments as well as Royal Decree No 175 of 3 June 1935 on the establishment of a Discount and Guarantee Institute and the establishment of a Protection Fund for Bank Deposits and Financial Instruments (the “draft law”) (CON/98/04)

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