Amendment 1/2020 of 23 July 2020 to the Rules of Procedure of the Supervisory Board of the European Central Bank

The Rules of Procedure are amended as follows: (1) Article 6 is amended as follows: (a) Article 6.3 is replaced by the following: ‘6.3. In order for the Supervisory Board to vote, there shall be a quorum of two-thirds of its members having a voting right at the time of the vote. If the quorum is not met, the Chair may convene an extraordinary meeting at which members of the Supervisory Board may vote without regard to the quorum.’; (b) the following Article 6.8 is added: ‘6.8. For any written procedure, a member of the Supervisory Board may expressly authorise another person to sign their vote or comment on substance as approved by them in person.’; (2) Article 12.3 is replaced by the following: ‘12.3. The agenda and the related documents of any meeting of the Steering Committee shall be made available before such meeting to all members of the Supervisory Board. The proceedings of any meeting of the Steering Committee shall be made available to all members of the Supervisory Board prior to the subsequent meeting of the Supervisory Board.’; (3) the Annex to the Rules of Procedure is replaced by the Annex hereto.

This amendment to the Rules of Procedure shall enter into force on 27 July 2020.