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Under Article 312 of the Treaty on the Functioning of the European Union, which procedure applies to the adoption of a regulation laying down the multiannual financial framework?
A
The Council adopts it by a qualified majority following the ordinary legislative procedure.
B
The European Parliament adopts it by a majority of its component members after consulting the Council.
C
The European Council adopts it by consensus, reflecting the pre-Lisbon institutional practice.
D
The Council adopts it unanimously after obtaining the consent of the European Parliament.
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