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On European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board
Article 6

Article 6 — General Board

  1. Members of the General Board with voting rights shall comprise:
    1. the President and the Vice-President of the ECB;
    2. the Governors of the national central banks. Member States in which the national central bank is not a designated authority pursuant to Directive 2013/36/EU of the European Parliament and of the Council(1) or Regulation (EU) No 575/2013 of the European Parliament and of the Council(2) and in which that designated authority has the leading role in financial stability in its area of competence may alternatively nominate a high-level representative of a designated authority pursuant to Directive 2013/36/EU or Regulation (EU) No 575/2013;
    3. a Representative of the Commission;
    4. the Chairperson of the European Supervisory Authority (European Banking Authority);
    5. the Chairperson of the European Supervisory Authority (European Insurance and Occupational Pensions Authority);
    6. the Chairperson of the European Supervisory Authority (European Securities and Markets Authority);
    7. the Chair and the two Vice-Chairs of the Advisory Scientific Committee;
    8. the Chair of the Advisory Technical Committee.
  2. Members of the General Board without voting rights shall comprise:
    1. subject to the decision of each Member State in accordance with point (b) of paragraph 1 and in accordance with paragraph 3, a high-level representative per Member State of the national supervisory authorities, of a national authority entrusted with the conduct of macroprudential policy, or of the national central bank, unless the Governor of the national central bank is not the member of the General Board with voting rights referred to in point (b) of paragraph 1 in which case a high-level representative of the national central bank shall be the member of the General Board without voting rights;
    2. the President of the Economic and Financial Committee (EFC);
    3. the Chair of the Supervisory Board of the ECB;
    4. the Chair of the Single Resolution Board established by Regulation (EU) No 806/2014 of the European Parliament and of the Council(3).
  3. The respective high-level representatives referred to in point (a) of paragraph 2 shall rotate depending on the item discussed, unless the national authorities of a particular Member State have agreed on a common representative.
  4. The General Board shall establish rules of procedure for the ESRB.