Introductory text

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions^f1, and in particular Article 24 thereof,

Whereas:

In the light of the experience gained since the establishment of the Administrative Board of Review, it is necessary to clarify certain aspects of its Operating Rules, which are laid down in Decision ECB/2014/16^f2, and where appropriate to adapt them, in particular with respect to the role of alternates.

The European Central Bank (ECB) has developed a methodology for the apportionment of costs incurred by the applicants and by the ECB in the context of the internal administrative review of decisions of the ECB under Regulation (EU) No 1024/2013 by the Administrative Board of Review. This methodology should be included in the Operating Rules.

Therefore, Decision ECB/2014/16 should be amended accordingly,

HAS ADOPTED THIS DECISION: