1b. The President may be removed from office for violation of the Constitution by impeachment in the manner provided for in Article 61. 1. The Assembly shall establish a Committee on Technical Cooperation (referred to in this Article as „the Committee“). (b) International Searching and Preliminary Examining Authorities shall be ex officio members of the Committee. If such an authority is the national office of a State Party, that State shall not be represented on the Committee. (1) Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC L 141, 5.6.2015, p. 73). (c) reorganisation bodies or authorities designed to protect the stability of the financial system; (i) for the continuous improvement of the services provided for in this Treaty; 7. Until the establishment of the Executive Board, references to the Executive Board in paragraph 6 shall be construed as references to the Assembly. Articles 53(1) and 54 shall not prevent the disclosure to bodies entrusted with the management of Deposit Guarantee Schemes and Investor Compensation Schemes of the information necessary for the performance of their tasks.
1c. Notwithstanding the expiry of his term of office, the President shall remain in office until his successor takes office. 6. (a) In any event, the Director-General shall communicate to the Executive Board the text of all the opinions and recommendations of the Committee. It may comment on these texts. (f) persons responsible for carrying out statutory audits of the accounts of institutions, insurance undertakings and financial institutions; (1a) The President may resign from office by applying to the Vice-President under his hand; 2. (a) The Assembly shall determine the composition of the Committee and appoint its members, taking due account of a balanced representation of developing countries. 5. The Committee may address its opinions and recommendations to the Director General or, through him, to the Assembly, to the Executive Committee, to some or all of the International Searching and Preliminary Examining Authorities and to some or all of the Notifying Authorities. (d) The Director-General, either on his own initiative or at the request of the Committee, shall invite representatives of interested organizations to take part in discussions of interest to them. 8.
The procedures of the Committee shall be determined by the decisions of the Assembly. (e) bodies involved in the liquidation or bankruptcy of institutions or similar proceedings; 3. The objective of the Committee shall be to contribute, through advice and recommendations, to:. (h) the competent authorities or bodies responsible for applying the rules on structural separation within a banking group. (b) the authorities or bodies responsible for maintaining the stability of the financial system in the Member States through the application of macroprudential rules; In any event, the information received shall be subject to professional secrecy at least equivalent to that referred to in Article 53(1). 1. The Chairperson shall serve for a term of five years from the date of taking office, provided that: (c) If the number of States Parties permits, the total number of members of the Committee shall be more than twice as high as the number of ex officio members. (d) contractual or institutional protection schemes referred to in Article 113(7) of Regulation (EU) No 575/2013; (iii) at the initiative of the Assembly or the Executive Committee, resolve technical problems specifically related to the creation of a single International Searching Authority. Articles 53(1) and 54 shall not preclude the exchange of information between the competent authorities of a Member State, between the competent authorities of different Member States or between the competent authorities and the following authorities in the exercise of their supervisory tasks: (ii) where there are several International Searching Authorities and several International Preliminary Examining Authorities, to the highest possible degree: uniformity of documentation and working methods and the highest uniform quality of their reports, and 4. Any State Party and any interested international organization may address itself in writing to the Committee on matters within the competence of the Committee. (2) Any resignation addressed to the Vice-President under paragraph 1 (a) shall be notified by the Deputy President to the Speaker of the House of the People without delay. (g) the authorities responsible for the supervision of obliged entities referred to in points (1) and (2) of Article 2(1) of Directive (EU) 2015/849 of the European Parliament and of the Council (1) as regards compliance with that Directive and FIUs; (a) authorities entrusted with the public task of supervising other entities in the financial sector and authorities responsible for financial market supervision; (b) The Governing Council may comment on the Council`s advice, recommendations or other activities and invite the Committee to consider and report on matters within its competence.
The Executive Committee may submit its recommendations, recommendations and reports to the Assembly with appropriate comments.
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