Recital 60

(60) The Chair of the Authority should chair the General Board meetings and have a right to vote when decisions are taken by simple majority unless otherwise provided for by this Regulation. The Commission should be a non-voting member on the General Board. To establish good cooperation with other relevant institutions, the General Board should also be able to admit other non-voting observers — in particular representatives nominated by the Supervisory Board of the European Central Bank (ECB) and of each of the three European Supervisory Authorities, namely, the EBA, the European Supervisory Authority (European Insurance and Occupational Pensions Authority — EIOPA), established by Regulation (EU) No 1094/2010 of the European Parliament and of the Council (10), and the European Supervisory Authority (European Securities and Markets Authority — ESMA), established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council (11) (collectively, ‘the ESAs’) for the General Board in supervisory composition and OLAF, Europol, Eurojust and the EPPO for the General Board in FIU composition — where matters that fall under their respective mandates are discussed or decided upon. To ensure that relevant Union institutions, bodies, offices and agencies are invited to the meetings where their presence would be required or beneficial, the rules of procedure of the General Board should clearly define the circumstances under which those Union institutions, bodies, offices and agencies, as well as other observers, should be able to be admitted to the meetings. When drafting the relevant parts of the rules of procedure, the Authority should agree with those Union institutions, bodies, offices and agencies on the terms and conditions of their participation. Such an agreement is presumed where the terms and conditions for participation are already included in the bilateral working arrangements or memoranda of understanding mandated by this Regulation. To allow a smooth decision-making process, decisions of the General Board should be taken by simple majority, except for decisions concerning draft regulatory and implementing technical standards, guidelines and recommendations, which should be taken by a qualified majority of Member State representatives in accordance with the voting rules of the Treaties.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.