Article 66 Voting rules of the Executive Board

Summary What does Article 66 of the Anti-money laundering authority regulation (AMLAR) say?

This article sets out the voting rules for the Executive Board of the Authority.

It establishes a simple majority system, gives the Chair (or Vice-Chair standing in for the Chair) a casting vote in the event of a tie, and grants the Commission representative voting rights on a specific subset of matters tied to Article 64(4).

It also delegates the finer details of voting arrangements to the Executive Board's own rules of procedure.

Important points:

The Executive Board decides by simple majority, with each member holding one vote and the Chair holding a casting vote in a tie.
The Commission representative has voting rights, but only on matters falling under Article 64(4), points (a) to (l).
The Executive Board is required to establish detailed voting arrangements, including when a member may act on behalf of another, in its rules of procedure.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

1. The Executive Board shall take decisions by a simple majority of its members. Each member of the Executive Board shall have one vote. The Chair of the Authority, or the Vice-Chair when replacing the Chair, shall have a casting vote in the event of a tied vote.
1. A representative of the Commission shall have a right to vote whenever matters pertaining to Article 64(4), points (a) to (l), are discussed and decided upon.
1. The Executive Board’s rules of procedure shall establish more detailed voting arrangements, in particular the circumstances in which a member can act on behalf of another member.

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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.