in force 2019-12-30 MODIFIED+658 −24§
Amended by Regulation (EU) 2019/2176 32019R2176
applies from: unchanged
The composition list in paragraph 1 changes from two Commission representatives to one, and adds new separate representatives for the Supervisory Board of the ECB and for the Single Resolution Board as points (fa) and (fb).
Paragraph 3 now allows the Advisory Technical Committee to provide advice and assistance also at the request of the General Board, in addition to the Chair of the ESRB.
A new paragraph 4a is added requiring the Committee to organise stakeholder consultations, where appropriate, at an early stage, in an open and transparent manner, with confidentiality taken into account, conducted as widely as possible and allowing reasonable time for responses.
Cited: Art. 13, v1 · Art. 13, v2
text before / after
32010R1092 → 02010R1092-20191230
Article 13
Advisory Technical Committee
1. The Advisory Technical Committee shall be composed of:
(a) a representative of each national central bank and a representative of the ECB;
(b) one representative per Member State of the competent national supervisory authorities, in accordance with the second subparagraph;
(c) a representative of the European Supervisory Authority (European Banking Authority);
(d) a representative of the European Supervisory Authority (European Insurance and Occupational Pensions Authority);
(e) a representative of the European Supervisory Authority (European Securities and Markets Authority);
(f) two representatives a representative of the Commission;
(fa) a representative of the Supervisory Board of the ECB;
(fb) a representative of the Single Resolution Board;
(g) a representative of the EFC; and
(h) a representative of the Advisory Scientific Committee.
The supervisory authorities of each Member State shall choose one representative in the Advisory Technical Committee. With regard to the representation of national supervisory authorities under point (b) of the first subparagraph, the respective representatives shall rotate depending on the item discussed, unless the national supervisory authorities of a particular Member State have agreed on a common representative.
2. The Chair of the Advisory Technical Committee shall be appointed by the General Board following a proposal from the Chair of the ESRB.
3. The Advisory Technical Committee shall provide advice and assistance to the ESRB in accordance with Article 4(5) at the request of the Chair of the ESRB. ESRB or the General Board.
4. The ESRB Secretariat shall support the work of the Advisory Technical Committee and the head of the Secretariat shall participate in its meetings.
4a. Where appropriate, the Advisory Technical Committee shall organise consultations with stakeholders, such as market participants, consumer bodies and academic experts, at an early stage and in an open and transparent manner, while taking into account the requirement of confidentiality. Such consultations shall be conducted as widely as possible to ensure an inclusive approach towards all interested parties and relevant financial sectors and shall allow reasonable time for stakeholders to respond.
5. The Advisory Technical Committee shall be provided with all necessary means in order to successfully complete its tasks.