Participating Member States. (a) Any written notice sent by a Party that is actually received by the other Party shall be deemed to have been properly given and received by that Party irrespective of whether or not the delivery requirements of Section 18.2 have been complied with.
Participating Member States. A member state of the European Union that has adopted or adopts a single currency in accordance with the EU Treaties.
Participating Member States. Those members of the European Union from time to time which adopt a single, shared currency under the applicable legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency.
Participating Member States. Sixteen market surveillance authorities from 16 different Member States from within the European Economic Area have taken part in this project. The countries involved were: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Latvia, Lithuania, Malta, Norway, Romania, Slovakia and Spain. The applicant body that also took overall responsibility for the Joint Action was PROSAFE.
Participating Member States. Federal Republic of Germany French Republic Italian Republic Kingdom of Spain Republic of Austria Hellenic Republic Republic of Cyprus Republic of Malta Kingdom of Denmark Kingdom of Sweden Republic of Finland Ireland Portuguese Republic Kingdom of Belgium Grand Duchy of Luxembourg Kingdom of the Netherlands Republic of Poland Romania Republic of Bulgaria Republic of Slovenia Republic of Croatia Czech Republic Hungary Slovak Republic Republic of Lithuania Republic of Latvia Republic of Estonia ANNEX IV: SUBCONTRACTORS [***] [***] [***] [***]
Participating Member States. Euro area members and EU member states joining the SSM by „close cooperation“.– 4) ECB representatives are appointed by the ECB Governing Council and shall not perform duties directly related to monetary policy. Source: Council of the European Union (2013) Independence and Accountability Given the incentives to forbear bank risks and thus to mitigate costs to the budget, independence of banking supervision from policymaking is obviously a key issue. According to the SSM regulation, the ECB and the national authorities acting within the SSM shall thus act independently from policy. Members of the Supervisory Board are expected neither to seek nor to take instructions from the member states’, and governments are expected to respect that independence. With regard to democratic accountability, the SSM regulation foresees participation rights of the EU-Council and the European Parliament in appointment of the Chair and the Vice-Chair of the Supervisory Board. Moreover, the ECB has to submit an annual report on its tasks and activities with regard to banking supervision to the EU-Council, the Eurogroup, the European Parliament and the Commission, which is also to be forwarded to national parliaments of participating member states. The Chair of the Supervisory Board presents the report in public to the European Parliament and the Eurogroup including non-Euro-Area participating member states. Besides annual reporting, the ECB has to reply to questions by the European Parliament and the Eurogroup, and the Chair of the Supervisory Board may be heard at their request. Finally, the Chair of the Supervisory Board is obliged to engage in oral, confidential discussions with the chairs and the vice-chairs of the European Parliaments’ competent committees, whenever such discussions are “required for the exercise of the European Parliaments powers under the Treaty”. These accountability provisions do not extend to national parliaments. Instead, the role of national parliaments is limited to express potential concerns arising from the annual report, sending requests to the ECB and “exchanging views” with the Chair or a member of the Supervisory Board. The SSM regulation does not affect accountability of national supervisory authorities acting within the SSM to their national parliaments. Cooperation with Non-Euro-Area Member States Because non-Euro-Area-member states cannot be represented in the ECB Governing Council, their incentives to take part in the SSM are limited. The...
