Regulatory Alerts2025-12-19
Decision (EU) 2026/77 of the European Central Bank amending Decision (EU) 2019/166 on the Market Infrastructure Board
The European Central Bank amends Decision (EU) 2019/166 to update the Rules of Procedure and Code of Conduct for the Market Infrastructure Board in light of operational experience and the launch of the Eurosystem Collateral Management System. The revision clarifies the Board's composition, including voting rights for National Central Bank representatives and the inclusion of non-voting industry experts, while establishing a formalized selection and appointment procedure for non-central bank members. These amendments ensure the Board's governance structure aligns with current Eurosystem infrastructure services and regulatory requirements for systemically important payment systems.
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