Art. 40

in force 2025-12-31 MODIFIED+657 −0§

Amended by Regulation (EU) 2024/1620 32024R1620

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: 2024-05-31

Paragraph 7 now adds that the Board of Supervisors shall admit a representative of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism, established by Regulation (EU) 2024/1620, whenever matters falling under that Authority's mandate are discussed or decided upon.

The prior text only stated that the Board of Supervisors may decide to admit observers, without naming any specific authority to be admitted.

Cited: Art. 40, v2 · Art. 40, v1

in force 2020-01-01 MODIFIED§

Amended by Regulation (EU) 2019/2175 32019R2175

applies from: unchanged

The description of the Chairperson's seat on the Board of Supervisors in point (a) of paragraph 1 no longer includes the qualifier that the Chairperson is non-voting.

A new paragraph 8 has been added allowing the member referred to in point (b) of paragraph 1, where the relevant national public authority is not responsible for enforcing consumer protection rules, to invite a non-voting representative from the Member State's consumer protection authority, with a rule that where several authorities share consumer protection responsibility they must agree on a common representative.

Cited: Art. 40, v1 · Art. 40, v2

text before / after, on the event page →

in force 2014-08-19 MODIFIED§

Amended by Regulation (EU) No 806/2014 32014R0806

applies from: unchanged

A new sentence is added to paragraph 6 stating that, for the purpose of acting within the scope of Directive 2014/59/EU, the Chair of the Single Resolution Board shall be an observer to the Board of Supervisors.

Cited: Art. 40, v2

text before / after, on the event page →

in force 2014-07-02 MODIFIED§

Amended by Directive 2014/59/EU 32014L0059

applies from: unchanged

Paragraph 6 gains a second sentence stating that, for acting within the scope of Directive 2014/59/EU, the member referred to in point (b) of paragraph 1 may, where appropriate, be accompanied by a representative from the resolution authority in each Member State, who shall be non-voting.

The earlier text contained only the sentence referring to Directive 94/19/EC and deposit-guarantee scheme bodies, without any mention of resolution authorities.

Cited: Art. 40, v2 · Art. 40, v1

text before / after, on the event page →

in force 2013-10-30 MODIFIED§

Amended by Regulation (EU) No 1022/2013 32013R1022

applies from: unchanged

Point (d) of paragraph 1 now describes the European Central Bank representative as one nominated by the Supervisory Board of the European Central Bank, rather than simply a representative of the European Central Bank.

A new paragraph 4a is added, stating that in discussions not relating to individual financial institutions as provided in Article 44(4), the representative nominated by the Supervisory Board of the European Central Bank may be accompanied by a representative of the European Central Bank with expertise on central banking tasks.

Cited: Art. 40, v1 · Art. 40, v2

text before / after, on the event page →