# The effects of the ECS and absence of formalities

The ECS shall produce its effects in all Member States without any special procedure being required (Article 74).

The elements established and certified in the ECS shall be considered accurate (Article 69) and the persons mentioned in the certificate are presumed:

- To have the status mentioned in the certificate,

- To have the rights and powers set out in the certificate without any restrictions other than those that might be mentioned in the ECS.

This status and the rights and powers attached to it are binding upon third parties or co-contractors acting in good faith (Article 69) unless:

- They were aware of the inaccuracy,

- Or they were unaware of it due to gross negligence.