Council Decision (EU) 2019/654 of 15 April 2019 amending Protocol No 5 on the Statute of the European Investment Bank

‘1 The capital of the Bank shall be EUR 204089132500, subscribed by the Member States as follows:’;

‘2 The Board of Directors shall consist of 28 directors and of 31 alternate directors, nominated in accordance with this paragraph.’;

‘1 The Management Committee shall consist of a President and eight Vice-Presidents appointed for a period of six years by the Board of Governors, acting by a qualified majority, on a proposal from the Board of Directors, acting by a qualified majority.’.

1 This Decision shall apply from the day following that on which the Treaties cease to apply to the United Kingdom.

2 Point (1)(a) of Article 1 shall apply from the date referred to in paragraph 1 of this Article unless a decision to increase the capital of the Bank has been adopted with effect from that date or before that date.