Version in force , Modified +146 −18§
Amended by Regulation (EU) 2019/2176 32019R2176 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
In paragraph 1, the phrase referring to instructions from "the Member States" is replaced with a reference to instructions from "any government".
A new paragraph 4 is added stating that no member of the General Board, whether voting or non-voting, shall have a function in the central government of a Member State.
Cited: Art. 7, v1 (external, EUR-Lex) · Art. 7, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version 32010R1092 → this version, in force 30 December 2019 02010R1092-20191230
Article 7
Impartiality
1. When participating in the activities of the General Board and of the Steering Committee or when conducting any other activity relating to the ESRB, the members of the ESRB shall perform their duties impartially and solely in the interest of the Union as a whole. They shall not seek nor take instructions from the Member States, any government, the Union institutions or any other public or private body.
2. No member of the General Board (whether voting or non-voting) shall have a function in the financial industry.
3. Neither the Member States, the Union institutions nor any other public or private body shall seek to influence the members of the ESRB in the performance of the tasks set out in Article 3(2).4. No member of the General Board (whether voting or non-voting) shall have a function in the central government of a Member State.