Article 1, Point 2. · ECB/2017/34

Contents

1. Article 1 is replaced by the following: ‘Article 1Definiti…
2. in Article 1b, paragraph 1 is replaced by the following: ‘…
3. in Article 1b, the following paragraph 1a is inserted: ‘1a…
4. in Article 8, the following paragraph 3 is added: ‘3. In c…
5. in Article 10, the following paragraph 4 is added: ‘4.This…

2.in Article 1b, paragraph 1 is replaced by the following:‘1.For the purposes of deciding whether to initiate an infringement procedure pursuant to Article 2 and exercise the powers laid down in Article 3, the ECB shall establish an internal independent investigating unit (hereinafter ‘investigating unit’) composed of investigating officers who shall perform their investigative functions independently from the Executive Board and the Governing Council, and shall not take part in the deliberations of the Executive Board and Governing Council. The investigating unit shall comprise investigating officers with a range of relevant knowledge, skills and experience.’;