AI Summary of Article 24b Consultation of central banks of issue
With regard to supervisory assessments conducted in relation to, and decisions to be taken pursuant to, Articles 41, 44, 46, 50 and 54 for Tier 2 CCPs, the CCP Supervisory Committee shall consult the central banks of issue referred to in Article 25(3)(f). Each central bank of issue may respond; where it decides to respond it shall do so within 10 working days of receipt of the draft decision, or within 24 hours in emergency situations. Where a central bank of issue proposes amendments or objects, it shall provide full and detailed reasons in writing. Upon conclusion of the consultation period, the CCP Supervisory Committee shall duly consider the responses and proposed amendments and provide its assessment to the central bank of issue.
Where the CCP Supervisory Committee does not reflect proposed amendments in its draft decision it shall inform that central bank in writing, stating full reasons and explaining any deviations, and submit to the Board of Supervisors the responses received, the amendments proposed and its explanations together with the draft decision. For decisions pursuant to Articles 25(2c) and 85(6) the Committee shall seek the agreement of the relevant central banks of issue for matters relating to the currencies they issue; agreement is deemed given unless amendments or objections are raised within 10 working days. If a central bank proposes amendments in respect of currency matters, the Committee may only submit the draft decision as amended with respect to those matters; if a central bank objects to currency matters, those matters shall not be included in the draft decision submitted for adoption.
Article 24b Consultation of central banks of issue
1. With regard to supervisory assessments conducted in relation to, and decisions to be taken pursuant to, Articles 41, 44, 46, 50 and 54 in relation to Tier 2 CCPs, the CCP Supervisory Committee shall consult the central banks of issue referred to in Article 25(3), point (f). Each central bank of issue may respond. Where the central bank of issue decides to respond, it shall do so within 10 working days of receipt of the draft decision. In emergency situations, that period shall not exceed 24 hours. Where a central bank of issue proposes amendments or objects to assessments related to, or draft decisions pursuant to Articles 41, 44, 46, 50 and 54, it shall provide full and detailed reasons, in writing. Upon conclusion of the period for consultation, the CCP Supervisory Committee shall duly consider the response and any amendments proposed by the central banks of issue and provide its assessment to the central bank of issue.