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Document 32014D0001(01)
2014/179/EU: Decision of the European Central Bank of 22 January 2014 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2014/1)
2014/179/EU: Decision of the European Central Bank of 22 January 2014 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2014/1)
2014/179/EU: Decision of the European Central Bank of 22 January 2014 amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank (ECB/2014/1)
OJ L 95, 29.3.2014, p. 56–63
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
29.3.2014 |
EN |
Official Journal of the European Union |
L 95/56 |
DECISION OF THE EUROPEAN CENTRAL BANK
of 22 January 2014
amending Decision ECB/2004/2 adopting the Rules of Procedure of the European Central Bank
(ECB/2014/1)
(2014/179/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 12.3 thereof,
Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (1), and in particular Articles 25(2) and 26(12) thereof,
Whereas:
(1) |
It is necessary to adjust the internal organisation of the ECB and its decision-making bodies to the new requirements arising from Regulation (EU) No 1024/2013 to clarify the interaction of the bodies involved in the process of preparing and adopting supervisory decisions. |
(2) |
It is necessary to establish a Code of Conduct setting out the ethical standards for the guidance of the members of the Governing Council and their appointed alternates when exercising their functions. |
(3) |
It is necessary to establish a high-level audit committee to strengthen internal and external layers of control and to contribute to further enhancing the corporate governance of the ECB and the Eurosystem. |
(4) |
Article 21 of the Rules of Procedure specifies that the Conditions of Employment and the Staff Rules shall determine the employment relationship between the ECB and its staff. The Conditions of Employment and the Staff Rules have been amended to include the rules governing the selection and appointment of candidates. Article 20 of the Rules of Procedure on the selection, appointment and promotion of staff is now redundant and should therefore be repealed. |
(5) |
It is also necessary to reflect some minor technical and editorial changes such as the new numbering of articles of the Treaty and the Statute of the European System of Central Banks and of the European Central Bank. |
(6) |
The non-objection procedure pursuant to Article 26(8) of Regulation (EU) No 1024/2013 should not apply to decisions relating to the general framework under which supervisory decisions will be taken like the organisational framework referred to in Article 6(7) of Regulation (EU) No 1024/2013. |
(7) |
Decision ECB/2004/2 (2) should be amended to take these developments into account, |
HAS ADOPTED THIS DECISION:
Article 1
Amendments to the Rules of Procedure of the European Central Bank
Decision ECB/2004/2 is amended as follows:
1. |
Article 1 is replaced by the following: ‘ Article 1 Definitions
|
2. |
The following new Article 5a is inserted: ‘ Article 5a Code of Conduct for the members of the Governing Council
|
3. |
Article 9 is replaced by the following: ‘ Article 9 Eurosystem/ESCB committees
|
4. |
The following new Article 9b is inserted: ‘ Article 9b Audit Committee In order to strengthen the internal and external layers of control already in place and to further enhance the corporate governance of the ECB and the Eurosystem, the Governing Council shall establish an audit committee and lay down its mandate and composition.’. |
5. |
Article 11.3 is replaced by the following:
|
6. |
The following Articles are inserted: ‘CHAPTER IVa SUPERVISORY TASKS Article 13a Supervisory Board Pursuant to Article 26(1) of Regulation (EU) (No) 1024/2013, a Supervisory Board established as an internal body of the ECB shall fully undertake the planning and execution of the tasks conferred on the ECB relating to the prudential supervision of credit institutions (hereinafter “supervisory tasks”). Any tasks of the Supervisory Board shall be without prejudice to the competences of the ECB decision-making bodies. Article 13b Composition of the Supervisory Board
Article 13c Voting pursuant to Article 26(7) of Regulation (EU) No 1024/2013 For the purpose of adopting draft decisions pursuant to Article 26(7) of Regulation (EU) No 1024/2013 and on the basis of Article 16 of the Treaty on European Union, Article 238(3) of the Treaty on the Functioning of the European Union, and Protocol (No 36) on transitional provisions, the following rules shall apply:
Article 13d Rules of Procedure of the Supervisory Board The Supervisory Board shall adopt its Rules of Procedure after having consulted the Governing Council. The Rules of Procedure shall ensure the equal treatment of all participating Member States. Article 13e Code of Conduct for the members of the Supervisory Board
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, as soon as adopted, for information. Article 13g Adoption of decisions for the purpose of carrying out the tasks referred to in Article 4 of Regulation (EU) No 1024/2013
Article 13h Adoption of decisions for the purpose of carrying out the tasks referred to in Article 5 of Regulation (EU) No 1024/2013
Article 13i Adoption of decisions pursuant to Article 14(2) to (4) of Regulation (EU) No 1024/2013 If a national competent authority notifies the ECB of its draft decision pursuant to Article 14(2) of Regulation (EU) No 1024/2013, the Supervisory Board shall transmit the draft decision, together with its assessment, within five working days to the Governing Council. The draft decision shall be deemed adopted unless the Governing Council objects within 10 working days of the notification to the ECB, extendable once for the same period in duly justified cases. Article 13j General framework referred to in Article 6(7) of Regulation (EU) No 1024/2013 The Governing Council shall adopt decisions establishing the general framework to organise the practical arrangements for the implementation of Article 6 of Regulation (EU) No 1024/2013, in consultation with national competent authorities and on the basis of a proposal from the Supervisory Board outside the scope of the non-objection procedure. Article 13k Separation of monetary policy and supervisory tasks
Article 13l Organisation of Governing Council meetings regarding the supervisory tasks
Article 13m Internal structure regarding the supervisory tasks
Article 13n Report under Article 20(2) of Regulation (EU) No 1024/2013 Upon a proposal from the Supervisory Board submitted by the Executive Board, the Governing Council shall adopt the annual reports addressed to the European Parliament, the Council, the Commission and the Eurogroup as required under Article 20(2) of Regulation (EU) No 1024/2013. Article 13o Representatives of the ECB at the European Banking Authority
|
7. |
Article 15.1 is replaced by the following:
|
8. |
Article 17.5 is replaced by the following:
|
9. |
Article 17.8 is replaced by the following:
|
10. |
The following article is inserted: ‘ Article 17a Legal instruments of the ECB related to supervisory tasks
|
11. |
Article 18 is replaced by the following: ‘ Article 18 Procedure under Article 128(2) of the Treaty The approval provided for in Article 128(2) of the Treaty shall be adopted for the following year by the Governing Council in a single decision for all Member States whose currency is the euro within the final quarter of every year.’. |
12. |
Article 20 is deleted. |
13. |
Article 23.1 is replaced by the following:
|
14. |
In Article 23.3, the first sentence is replaced by the following: ‘Documents drawn up or held by the ECB shall be classified and handled in accordance with the organisational rules regarding professional secrecy and management and confidentiality of information.’. |
15. |
The following article is inserted: ‘ Article 23a Confidentiality and professional secrecy regarding the supervisory tasks
|
16. |
The text set out in the Annex is added as an annex. |
Article 2
Entry into force
This Decision shall enter into force on 24 January 2014.
Done at Frankfurt am Main, 22 January 2014.
The President of the ECB
Mario DRAGHI
(1) OJ L 287, 29.10.2013, p. 63.
(2) Decision ECB/2004/2 of 19 February 2004 adopting the Rules of Procedure of the European Central Bank (OJ L 80, 18.3.2004, p. 33).
ANNEX
‘ANNEX
(as referred to in Article 13c(iv))
1.
For the purposes of the voting pursuant to Article 13c, the four ECB representatives must be assigned as defined in the following paragraphs, the median weighted votes of the participating Member States under the weighted votes criterion, the median population of the participating Member States under the population criterion and, by virtue of their membership in the Supervisory Board, a vote under the number of members criterion.
2.
Ranking, in ascending order, the weighted votes assigned to the participating Member States by Article 3 of the Protocol (No 36) on transitional provisions for the members representing the participating Member States, the median weighted vote is defined as the middle weighted vote if there is an odd number of participating Member States, and as the average of the two middle numbers, rounded up to the nearest whole number, if their number is even. Four times the median weighted vote must be added to the overall number of weighted votes of the participating Member States. The resulting number of weighted votes shall constitute the “total number of weighted votes”.
3.
The median population is defined in accordance with the same principle. For this purpose, recourse will be made to the figures published by the Council of the European Union as per Annex III, Article 1 and 2 of Council Decision 2009/937/EU of 1 December 2009 adopting the Council’s Rules of Procedure (*1). Four times the median population of the participating Member States must be added to the combined population in all participating Member States. The resulting population number shall constitute “the total population”.