in force 2019-12-30 MODIFIED+402 −274§
Amended by Regulation (EU) 2019/2176 32019R2176
applies from: unchanged
The seat previously held by the Vice-President of the ECB is now described as the member of the Executive Board responsible for financial stability and macroprudential policy, and the four-member category changes from members of the General Board who also sit on the ECB's General Council to national members of the General Board with voting rights, with the balance criterion recast around participating Member States as defined in Regulation (EU) No 1024/2013 rather than euro-area versus non-euro-area membership.
The Commission's representative is now called a Representative rather than a Member of the Commission.
Meetings of the Steering Committee are now jointly set up by the Chair and the first Vice-Chair of the ESRB, rather than convened solely by the Chair as before.
Cited: Art. 11, v1 · Art. 11, v2
text before / after
32010R1092 → 02010R1092-20191230
Article 11
Steering Committee
1. The Steering Committee shall be composed of:
(a) the Chair and first Vice-Chair of the ESRB;
(b) the Vice-President member of the ECB; Executive Board of the ECB responsible for financial stability and macroprudential policy;
(c) four other national members of the General Board who are also members of the General Council of the ECB, with voting rights having regard to the need for a balanced representation of Member States overall and between those whose currency is the euro which are participating Member States as defined in point (1) of Article 2 of Regulation (EU) No 1024/2013 and those whose currency is not the euro. which are not. They shall be elected by and from among the national members of the General Board who are also members of the General Council of the ECB, with voting rights for a period of 3 three years;
(d) a Member Representative of the Commission;
(e) the Chairperson of the European Supervisory Authority (European Banking Authority);
(f) the Chairperson of the European Supervisory Authority (European Insurance and Occupational Pensions Authority);
(g) the Chairperson of the European Supervisory Authority (European Securities and Markets Authority);
(h) the President of the EFC;
(i) the Chair of the Advisory Scientific Committee; and
(j) the Chair of the Advisory Technical Committee.
Any vacancy for an elected member of the Steering Committee shall be filled by the election of a new member by the General Board.
2. Meetings The Chair and the first Vice-Chair of the ESRB shall jointly set up the meetings of the Steering Committee shall be convened by the Chair of the ESRB at least quarterly, before each meeting of the General Board. The Chair of and the ESRB first Vice-Chair may also convene jointly set up ad-hoc meetings.