Amendments
Article 1
Open ↗Regulation (EC) No 2157/1999 (ECB/1999/4) is amended as follows: 1. Article 1 is replaced by the following: ‘Article 1 Definitions For the purposes of this Regulation, the term ‘competent national central bank’ means the national central bank of the Member State in whose jurisdiction the alleged infringement has occurred or, for infringements in the field of oversight of systemically important payment systems, it means the Eurosystem central bank that has been identified as a competent authority within the meaning of Article 2(5) of Regulation (EU) No 795/2014 of the European Central Bank (ECB/2014/28) ( *1 ) . Other terms used have the same meaning as defined in Article 1 of Regulation (EC) No 2532/98. ( *1 ) Regulation (EU) No 795/2014 of the European Central Bank of 3 July 2014 on oversight requirements for systemically important payment systems (ECB/2014/28) ( OJ L 217, 23.7.2014, p. 16 ).’;" 2. in Article 1b, paragraph 1 is replaced by the following: ‘1. For the purposes of deciding whether to initiate an infringement procedure pursuant to Article 2 and exercise the powers laid down in Article 3, the ECB shall establish an internal independent investigating unit (hereinafter ‘investigating unit’) composed of investigating officers who shall perform their investigative functions independently from the Executive Board and the Governing Council, and shall not take part in the deliberations of the Executive Board and Governing Council. The investigating unit shall comprise investigating officers with a range of relevant knowledge, skills and experience.’; 3. in Article 1b, the following paragraph 1a is inserted: ‘1a. For the investigation of infringements of Regulation (EU) No 795/2014 (ECB/2014/28), the ECB may appoint as investigating officers: (i) members of staff of the ECB or of a national central bank of a Member State, as long as the appointment is accepted by the relevant national central bank; or (ii) external experts acting on the basis of an appropriate mandate. The ECB may not appoint as investigating officers members of the Market Infrastructure and Payments Committee or members of staff of the ECB or of a national central bank of a Member State who have been directly involved in the activities of the assessment group that carried out the initial oversight assessment identifying an infringement or grounds for suspecting an infringement.’; 4. in Article 8, the following paragraph 3 is added: ‘3. In carrying out the review, the Governing Council may: (a) confirm the decision of the Executive Board; (b) amend the decision of the Executive Board by modifying the amount of the sanction to be imposed and/or the grounds giving rise to an infringement; (c) set aside the decision of the Executive Board.’; 5. in Article 10, the following paragraph 4 is added: ‘4. This Article shall not apply to sanctions for infringements of ECB regulations and decisions in the field of oversight of systemically important payment systems.’.