The Board guides the work of the Authority and has the ultimate decision-making responsibility regarding a broad range of matters including the adoption of EUFSC Technical Standards, Opinions, Guidelines and the issuance of advice to the EU institutions. The Board is supported by a number of ESMA standing committees and working groups who are dealing with technical issues.
In addition to the EUFSC Chair, the Board of Supervisors is composed of the heads of the national competent authorities (NCAs) in the European Union (EU) and the European Economic Area (EEA) responsible for securities regulation and supervision with non-voting representatives from the European Commission, the European Systemic Risk Board (ESRB), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Free Trade Association Surveillance Authority (EFTA Surveillance Authority). The Executive Director attends the Board.
The Board of Supervisors meets at least twice a year.
In accordance with Article 44(3) of the EUFSC Regulation 1095/2010, the Board of Supervisors has adopted Rules of Procedure.
