in force 2019-12-30 MODIFIED+1,380 −0§
Amended by Regulation (EU) 2019/2176 32019R2176
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates added to the text: 2010-11-17
A new paragraph 2a has been added stating that when consulted on the appointment of the head of the Secretariat under Article 3(2) of Council Regulation (EU) No 1096/2010, the General Board, following an open and transparent procedure, is to assess whether shortlisted candidates possess the qualities, impartiality and experience necessary to manage the Secretariat, and is to inform the European Parliament and the Council in sufficient detail about the assessment and consultation procedure.
A new paragraph 3a has also been added listing matters the Chair and the Steering Committee may address when giving directions to the head of the Secretariat under Article 4(1) of Council Regulation (EU) No 1096/2010, covering day-to-day management, administrative and budgetary issues, coordination and preparation of General Board work, the annual programme proposal and its implementation, and the annual activity report and related reporting to the General Board.
The remaining paragraphs of Article 4, including paragraphs 1, 2, 3, 4 and 5, are unchanged between the two versions.
Cited: Art. 4, v2 · Art. 4, v1
text before / after
32010R1092 → 02010R1092-20191230
Article 4 Structure 1. The ESRB shall have a General Board, a Steering Committee, a Secretariat, an Advisory Scientific Committee and an Advisory Technical Committee. 2. The General Board shall take the decisions necessary to ensure the performance of the tasks entrusted to the ESRB, pursuant to Article 3(2). 2a. When consulted on the appointment of the head of the Secretariat in accordance with Article 3(2) of Council Regulation (EU) No 1096/2010 Council Regulation (EU) No 1096/2010 of 17 November 2010 conferring specific tasks upon the European Central Bank concerning the functioning of the European Systemic Risk Board (OJ L 331, 15.12.2010, p. 162)., the General Board, following an open and transparent procedure, shall assess whether the shortlisted candidates for the position of head of the Secretariat possess the qualities, impartiality and experience necessary to manage the Secretariat. The General Board shall inform the European Parliament and the Council in sufficient detail about the assessment and consultation procedure. 3. The Steering Committee shall assist in the decision-making process of the ESRB by preparing the meetings of the General Board, reviewing the documents to be discussed and monitoring the progress of the ESRB’s ongoing work. 3a. When giving directions to the head of the Secretariat in accordance with Article 4(1) of Council Regulation (EU) No 1096/2010, the Chair and the Steering Committee may address the following: (a) the day-to-day management of the Secretariat; (b) any administrative and budgetary issues related to the Secretariat; (c) the coordination and preparation of the work and the decision making of the General Board; (d) the preparation of the annual ESRB programme proposal and its implementation; (e) the preparation of the annual report on the ESRB’s activities and the reporting to the General Board on the implementation of the annual programme. 4. The Secretariat shall be responsible for the day-to-day business of the ESRB. It shall provide high-quality analytical, statistical, administrative and logistical support to the ESRB under the direction of the Chair and the Steering Committee in accordance with Council Regulation (EU) No 1096/2010 See page 162 of this Official Journal.. It shall also draw on technical advice from the ESAs, national central banks and national supervisors. 5. The Advisory Scientific Committee and the Advisory Technical Committee referred to in Articles 12 and 13 shall provide advice and assistance on issues relevant to the work of the ESRB.