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Decision

Decision (EU) 2024/2023 of the European Central Bank of 3 July 2024 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2024/18)

CELEX
Decision (EU) 2024/2023
Date of document
Articles
2
Source
EUR-Lex
Article 1Amendments

Decision ECB/2004/2 is amended as follows:

(1)

Article 2.5 is replaced by the following:

‘Meetings may also be held by means of videoconferencing, unless at least three Governors object.’;

(2)

Article 3.1 is replaced by the following:

‘Except as provided herein, attendance at meetings of the Governing Council shall be restricted to its members, the President of the Council of the European Union and a member of the European Commission.’;

(3)

Article 5.2 is replaced by the following:

‘The minutes of the proceedings of the Governing Council shall be approved at the subsequent meeting (or if necessary earlier by written procedure) by the members of the Governing Council who had a voting right at the meeting to which the minutes refer and shall be signed by the President or by the Secretary of the Governing Council in order to certify them.’;

(4)

Article 13b.5 is replaced by the following:

‘The term of office of the Vice-Chair of the Supervisory Board shall be five years and may be extended in accordance with the procedure for appointment as set out in paragraph 3. It shall, however, not extend beyond the end of his/her mandate as member of the Executive Board.’;

(5)

Article 13c is amended as follows:

(a)

point (i) is deleted;

(b)

point (ii) is replaced by the following:

‘(ii)

Decisions shall be deemed adopted when at least 55 % of the Supervisory Board members representing at least 65 % of the total population, cast a vote in favour. A blocking minority must include at least the minimum number of Supervisory Board members representing 35 % of the total population, plus one member, failing which the qualified majority shall be deemed attained.’;

(c)

point (iii) is deleted;

(6)

Article 13f is replaced by the following:

‘Article 13f

Supervisory Board meetings

The Supervisory Board shall normally hold its meetings on the premises of the ECB. The proceedings of the Supervisory Board meetings shall be provided to the Governing Council, on a regular basis, for information.’

;

(7)

Article 13i is deleted;

(8)

Article 17.1 is replaced by the following:

‘ECB Regulations shall be adopted by the Governing Council and signed by the President.’;

(9)

Article 17.2 is replaced by the following:

‘ECB Guidelines shall be adopted by the Governing Council, and thereafter notified, in one of the official languages of the Union, and signed by the President. They shall state the reasons on which they are based. Any ECB Guideline that is to be officially published shall be translated into the official languages of the Union.’;

(10)

Article 17.6 is replaced by the following:

‘ECB Instructions shall be adopted by the Executive Board, and thereafter notified, in one of the official languages of the Union, and signed by the President or any two Executive Board members. Any ECB Instruction that is to be officially published shall be translated into the official languages of the Union.’;

(11)

Article 17a.2 is replaced by the following:

‘ECB guidelines related to supervisory tasks pursuant to Article 4(3) and Article 6(5), point (a), of Regulation (EU) No 1024/2013 shall be adopted by the Governing Council, and thereafter notified and signed by the President.’;

(12)

Article 17a.3 is replaced by the following:

‘ECB instructions related to supervisory tasks pursuant to Article 6(3), Article 6(5), point (a), and Articles 7(1), 7(4), 9(1) and 30(5) of Regulation (EU) No 1024/2013 shall be adopted by the Governing Council, and thereafter notified and signed by the President. They shall state the reasons on which they are based.’.

Article 2Entry into force

This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

2 articles

Cite this act

Decision (EU) 2024/2023 of the European Central Bank of 3 July 2024 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2024/18) (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/32024D2023

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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