Article 3Definitions

The terms used in this Decision shall have the same meaning as the terms defined in the Rules of Procedure, together with the following definitions:

(1)

‘supervisory legal instrument’ means a legal instrument regarding the supervisory tasks of the ECB;

(2)

‘delegation decision’ means a decision of the Governing Council to delegate decision-making powers in relation to supervisory legal instruments to heads of work units of the ECB;

(3)

‘nomination decision’ means a decision of the Executive Board to nominate one or more heads of work units of the ECB to take decisions on the basis of a delegation decision;

(4)

‘delegated decision’ means a decision in relation to supervisory legal instruments taken on the basis of delegated decision-making powers.