1. 1. The Administrative Board shall be composed of five members who shall be replaced by two alternates under the conditions laid down in paragraphparagraphs 3.3 and 4.
2. 2. The members of the Administrative Board and the two alternates shall be individuals of high repute who are Member State nationals and have a proven record of relevant knowledge and professional experience, including supervisory experience, to a sufficiently high level in the fields of banking or other financial services. They may not be current staff members of the ECB, of national competent authorities or other national or Union institutions, bodies, offices and agencies that are involved in the tasks carried out by the ECB under Regulation (EU) No 1024/2013.
3. 3.An The two alternatesalternate shall temporarily replace thea membersmember of the Administrative Board in case of temporary incapacity,incapacity. death, resignation or removal from office or if, inIn the context of a particular request for review, therean arealternate justifiedshall reasonstemporarily for serious concern as to the existence of a conflict of interest. A conflict of interest arises wherereplace a member of the Administrative Board has a private or personal interest which may influence, or appear to influence,in the impartialfollowing and objective performance of their duties.cases:
(a)in any situation which may raise conflict of interest concerns as defined in Article 11.1 of the Code of Conduct for high-level European Central Bank Officials (1);
(b)the member is unavailable for justified reasons.
4.An alternate shall permanently replace a member of the Administrative Board in case of permanent incapacity, death, resignation or removal from office. In this case, they shall cease to be an alternate and they shall be designated as members of the Administrative Board by the Governing Council. An alternate shall be appointed in their place, in accordance with the procedure laid down under Article 4.
5.The alternates shall fully participate in the review proceedings, either temporarily replacing the members of the Administrative Board or as observers.