Rule 122a : Appointments to the economic governance bodies

1.   This Rule shall apply to the appointment of:

-   the Chair and the Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism;

-   the Chair, the Vice-Chair and the full-time members of the Single Resolution Board of the Single Resolution Mechanism;

-   the Chairs and Executive Directors of the European Supervisory Authority (European Banking Authority,  European Securities and Markets Authority, European Insurance and Occupational Pensions Authority); and

-   the Managing Director and Deputy Managing Director of the European Fund for Strategic Investments.

2.   Each candidate shall be invited to make a statement before the committee responsible and to answer questions put by its members.

3.   The committee responsible shall make a recommendation to Parliament on each proposal for appointment.

4.   The vote shall take place within two months of receipt of the proposal for appointment unless Parliament, at the request of the committee responsible, a political group or Members reaching at least the low threshold, decides otherwise. Parliament shall vote on each appointment separately, by secret ballot.

5.   If the decision adopted by Parliament on a proposal for appointment is unfavourable, the President shall ask for its withdrawal and for the submission to Parliament of a new proposal.