Source: OJ L, 2024/1620, 19.6.2024Current language: EN
- Anti-money laundering
Basic legislative acts
- Anti-money laundering authority regulation (AMLAR)
Article 62 Meetings of the General Board
Summary What does Article 62 of the Anti-money laundering authority regulation (AMLAR) say?
This article sets out the practical operating rules for meetings of the General Board.
It covers who convenes meetings, how often they must occur, and the conditions under which additional participants may be present.
It acts as a procedural companion to the articles establishing the General Board's composition and powers, ensuring the mechanics of how that body functions are clearly defined.
Important points:
- The Chair of the Authority is responsible for convening General Board meetings, which must take place at least twice a year.
- The General Board may invite observers and members may be assisted by advisers or experts, subject to its rules of procedure.
- The Chair of the Authority and the five full-time Executive Board members are excluded from General Board meetings where matters concerning their own mandate are discussed or decided upon.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The Chair of the Authority shall convene the meetings of the General Board.
The General Board shall hold at least two ordinary meetings per year. In addition, it shall meet on the initiative of its Chair, or at the request of at least one third of its members.
The General Board may invite any person whose opinion may be of interest to attend its meetings as an observer.
The members of the General Board and their alternates may, subject to its rules of procedure, be assisted at the meetings by advisers or experts.
The General Board shall be assisted by a secretariat provided by the Authority.
The Chair of the Authority and the five full-time members of the Executive Board shall not attend meetings of the General Board where matters concerning the performance of their mandate are discussed or decided upon.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.