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Provision history · ESMA Regulation

Art. 46 · Independence of the Management Board

European Securities and Markets Authority Regulation · 32010R1095 · every version of this act · on EUR-Lex (external, EUR-Lex)

1 change recorded across 1 version, newest first.

Twin in EBA Regulation: Art. 46, textually similar (identical text), paired on this act's text of 10 November 2025 and the EBA Regulation text of 31 December 2025.

Twin in EIOPA Regulation: Art. 46, textually similar (identical text), paired on both acts' texts of 10 November 2025.

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Version in force , Modified +36 −38

Amended by Regulation (EU) 2019/2175 32019R2175 on EUR-Lex (external, EUR-Lex)

Applies from: no date changed

Explanation, written by a model and checked against the cited text

The article heading changes from "Independence" to "Independence of the Management Board".

In the first paragraph, the reference to instructions from "any government of a Member State" is changed to instructions from "any government".

The second paragraph is reworded from stating that neither Member States, Union institutions or bodies, nor any other public or private body shall seek to influence the members, to stating that Member States, Union institutions or bodies and any other public or private body shall not seek to influence the members.

Cited: Art. 46, v1 (external, EUR-Lex) · Art. 46, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Text from EUR-Lex, before and after

Previous version, in force 23 May 2014 02010R1095-20140523 → this version, in force 1 January 2020 02010R1095-20200101

Article 46 Independence of the Management Board The members of the Management Board shall act independently and objectively in the sole interest of the Union as a whole and shall neither seek nor take instructions from the Union institutions or bodies, from any government of a Member State or from any other public or private body. Neither Member States, the Union institutions or bodies, nor bodies and any other public or private body shall not seek to influence the members of the Management Board in the performance of their tasks.