Article 3 Definitions

The terms used in this Decision shall have the same meaning as the terms defined in the Rules of Procedure, together with the following definitions:

1. (1)

   ‘supervisory legal instrument’ means a legal instrument regarding the supervisory tasks of the ECB;

2. (2)

   ‘delegation decision’ means a decision of the Governing Council to delegate decision-making powers in relation to supervisory legal instruments to heads of work units of the ECB;

3. (3)

   ‘nomination decision’ means a decision of the Executive Board to nominate one or more heads of work units of the ECB to take decisions on the basis of a delegation decision;

4. (4)

   ‘delegated decision’ means a decision in relation to supervisory legal instruments taken on the basis of delegated decision-making powers.