FantasticSearch

1. The General Board in supervisory composition shall take the decisions relating to the tasks referred to in Articles 7 to 10 as well as any other decision which, pursuant to this Regulation, is to be taken by the General Board in supervisory composition.

2. The General Board in supervisory composition may provide its opinion on any draft decision prepared by the Executive Board in relation to selected obliged entities, in accordance with Chapter II, Section 3, and Article 64(2). The General Board in supervisory composition and the Executive Board shall jointly agree on, and adopt, the procedures and timelines to be followed for the purpose of providing the opinion referred to in the first subparagraph.

3. The General Board in FIU composition shall perform the tasks and adopt the decisions referred to in Article 5(5) and Chapter II, Section 6.

4. The General Board shall adopt the opinions, recommendations, guidelines and decisions of the Authority referred to in Chapter II, Section 7, in the appropriate composition, having regard to the subject matter of the instrument. Where a given instrument concerns both supervision-related matters and FIU-related matters, the General Board in supervisory composition and the General Board in FIU composition shall each adopt separately those opinions, recommendations, guidelines and decisions. The opinions, recommendations, and guidelines shall be adopted based on a proposal of the relevant internal committee.

5. The General Board shall vote on the draft regulatory technical standards referred to in Article 49 and the draft implementing technical standards referred to in Article 53 and submit them to the Commission for adoption, in the appropriate composition, having regard to the subject matter of the standards.

6. The General Board in either composition shall be consulted on the draft decisions to be taken by the Executive Board pursuant to Article 64(4), points (a), (c), (e) and (m). Where the subsequent decision taken by the Executive Board deviates from the opinion of the General Board, the Executive Board shall provide the reasons thereof in writing.

7. The General Board shall adopt its rules of procedure and make them public.

8. Without prejudice to Article 63(3) and (4) and Article 68(1) and (2), the General Board shall exercise the powers conferred by the Staff Regulations on the appointing authority and by the Conditions of Employment of Other Servants on the authority empowered to conclude contracts of employment (‘the appointing authority powers’) with regard to the Chair of the Authority and the five full-time members of the Executive Board, throughout their mandate.