Recital 55

(55) The establishment of a solid governance structure within the Authority is essential for ensuring the effective exercise of the tasks granted to the Authority, and for an efficient and objective decision-making process. Due to the complexity and variety of the tasks conferred on the Authority in both the supervision and FIU areas, the decisions cannot be taken by a single governing body, as is often the case in decentralised agencies. Whereas certain types of decisions, such as decisions on the adoption of common instruments, need to be taken by representatives of the appropriate authorities or FIUs and respect the voting rules of the TFEU, certain other decisions, such as the decisions in relation to individual selected obliged entities or individual authorities, require a smaller decision-making body, whose members should be subject to appropriate accountability arrangements. Therefore, the Authority should have a General Board and an Executive Board.

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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.