(29)

Article 88 is amended as follows: in paragraph 1, second subparagraph, point (e) is replaced by the following: ; the Chair of the management body in its supervisory function of an institution shall not exercise simultaneously the functions of a chief executive officer within the same institution.’ the following paragraph is added: ‘3. Without prejudice to the overall collective responsibility of the management body, Member States shall ensure that institutions draw up, maintain and update individual statements setting out the roles and duties of all members of the management body in its management function, of senior management and of key function holders and a mapping of duties, including details of the reporting lines, of the lines of responsibility, and of the persons who are part of the governance arrangements as referred to in Article 74(1) and of their duties. Member States shall ensure that the individual statements of duties and the mapping of duties are made available at all times and communicated, including to obtain authorisation as set out in Article 8, in due time, upon request, to the competent authorities.’ ;

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.