ESMA shall establish a permanent CCP Supervisory Committee under Article 41 to prepare draft decisions for the Board of Supervisors and to perform the tasks set out in paragraphs 7, 9 and 10. The Committee comprises a voting Chair, two voting independent members, voting representatives of competent authorities of Member States with authorised CCPs (with Member State representatives counted as one voting member for voting procedures) and non‑voting central banks of issue in specified circumstances upon a one‑off request. The Chair may invite observers; meetings are convened by the Chair at least five times a year. The Chair and independent members are full‑time, independent professionals appointed by the Board after open selection and European Parliament approval, serve five‑year terms renewable once, are removable by the Council on Commission proposal, must not hold other offices and remain subject to post‑employment integrity obligations.

The Committee shall prepare decisions and carry out ESMA tasks for CCPs authorised or applying under Article 14 (Article 23a), including setting annual supervisory priorities, cooperating with EBA, EIOPA and the ECB on cross‑border risks, preparing draft opinions, validations and decisions for the Board, providing input to competent authorities and reporting non‑compliance. It must conduct annual peer reviews of competent authorities, coordinate Union‑wide resilience assessments, promote exchanges on supervisory activities and market developments, and review college outputs. Where lack of convergence or resilience shortcomings arise, ESMA may issue guidelines, recommendations or opinions; the Committee may request Board consideration or submit opinions on certain decisions. For third‑country CCPs it prepares draft decisions under Articles 25, 25a, 25b, 25f–25q and 85(6), shares agendas, minutes and drafts with the third‑country CCP college, is supported by dedicated ESMA staff and must be structurally separated from other ESMA functions.