Article 7

The Committee shall be composed of high-level representatives from the following organisations: the national public authorities competent for the supervision of credit institutions, hereinafter ‘the competent supervisory authorities’; the national central banks entrusted with specific operational responsibilities for the supervision of individual credit institutions alongside a competent supervisory authority; the central banks which are not directly involved in the supervision of individual credit institutions, including the European Central Bank. Each Member State shall designate high-level representatives to participate in the meetings of the Committee. The European Central Bank shall designate a high level representative to participate in the Committee. The Commission shall be present at the meetings of the Committee and shall designate a high-level representative to participate in its debates. The Committee shall elect a chairperson from among the representatives of the competent supervisory authorities. The Committee may invite experts and observers to attend its meetings.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-28 · Text as adopted (Official Journal); later amendments are not incorporated in this text.