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Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board article 13 CELEX: 02010R1092-20191230 1. The Advisory Technical Committee shall be composed of: (a) a representative of each national central bank and a representative of the ECB; (b) one representative per Member State of the competent national supervisory authorities, in accordance with the second subparagraph; (c) a representative of the European Supervisory Authority (European Banking Authority); (d) a representative of the European Supervisory Authority (European Insurance and Occupational Pensions Authority); (e) a representative of the European Supervisory Authority (European Securities and Markets Authority); (f) a representative of the Commission; (fa) a representative of the Supervisory Board of the ECB; (fb) a representative of the Single Resolution Board; (g) a representative of the EFC; and (h) a representative of the Advisory Scientific Committee. The supervisory authorities of each Member State shall choose one representative in the Advisory Technical Committee. With regard to the representation of national supervisory authorities under point (b) of the first subparagraph, the respective representatives shall rotate depending on the item discussed, unless the national supervisory authorities of a particular Member State have agreed on a common representative. |
Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board article 13 CELEX: 02010R1092-20191230 2. The Chair of the Advisory Technical Committee shall be appointed by the General Board following a proposal from the Chair of the ESRB. 3. The Advisory Technical Committee shall provide advice and assistance to the ESRB in accordance with Article 4(5) at the request of the Chair of the ESRB or the General Board. 4. The ESRB Secretariat shall support the work of the Advisory Technical Committee and the head of the Secretariat shall participate in its meetings. 4a. Where appropriate, the Advisory Technical Committee shall organise consultations with stakeholders, such as market participants, consumer bodies and academic experts, at an early stage and in an open and transparent manner, while taking into account the requirement of confidentiality. Such consultations shall be conducted as widely as possible to ensure an inclusive approach towards all interested parties and relevant financial sectors and shall allow reasonable time for stakeholders to respond. 5. The Advisory Technical Committee shall be provided with all necessary means in order to successfully complete its tasks. |