Regulation (EU) No 1214/2011 of the European Parliament and of the Council of 16 November 2011 on the professional cross-border transport of euro cash by road between euro-area Member States
The Regulation on cross-border transportation of euro cash by road (cash in transit – CIT) entered into force on 30 November 2012. The purpose of the Regulation is to ensure that euro banknotes and coins can be easily and safely transported by road across national borders between Member States that have adopted the euro or are about to do so. The Regulation replaces national CIT rules for all professional cross-border CIT transports in the euro-area. National rules governing domestic transports of euro cash will remain in force provided they do not cause discrimination. The transport of euro banknotes and coins between NCBs and between printing works or mints and NCBs, provided the transport is escorted by the police, does not fall within the scope of the CIT Regulation.
Due to the nature of the business, cash transportation is exposed to serious security threats. In order to ensure the security of the staff and of the general public, the Regulation provides that a company that wants to carry out cross-border transport of euro cash must ask for a specific cross-border CIT-license from its Member State of origin. The CIT license is granted for a period of 5 years provided that the company fulfils the eligibility criteria laid down in the Regulation.
The Regulation defines the cross-border transport of cash by road as a professional transport of euro banknotes and coins by a CIT vehicle between euro-area Member States for delivery or pick-up during one day (except point-to-point). The majority of deliveries or pick-ups must be done on the territory of the host Member State. A maximum of 20% non-euro cash is allowed in the vehicle.
As a pre-condition for cross-border transport of euro cash, the company must be allowed by its national authorities to carry out domestic cash transports. Strict rules are foreseen for, amongst others, the minimum number of staff, armouring of vehicles, training of staff, 'intelligent' neutralization systems for banknotes (which neutralize the banknotes, for example by staining them with indelible ink, in case of unauthorized opening of the banknote container) and penalties in case of infringement of the rules.
The CIT Regulation does not provide for a full harmonization of CIT rules. The host-country rules on the role of national police forces, on the behavior of CIT security staff outside the vehicle as well as on the security of locations where euro cash is delivered or picked up apply to the company carrying out the cross-border transport of cash.
The Commission publishes the CIT information necessary for the running of the CIT business on its website or, according to the type of information, in the Official Journal of the EU.
The framework provided by the CIT Regulation also applies to countries preparing to join the euro-area. Regulation 55/2013 extends the scope of the CIT Regulation to those countries under euro preparation as from the date the Council has decided that the Member State concerned changes over to the euro.
A Committee on the cross-border transport of euro cash composed of representatives of the euro-area Member States, Commission and the European Central Bank meets at least once a year to exchange views on the implementation of the CIT Regulation.