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New version applies from 17/05/2023 — introduced by Decision (EU) 2023/864 of the ECB. 25 provisions change. Article 9 moves to another heading in this version: compare.

Article 9 - Suspensory effect

Article 9
Suspensory effect

1.Submission of the notice of review shall not have suspensory effect on the application of the contested decision, subject to paragraph 2.

2.Without prejudice to paragraph 1, the Governing Council, upon a proposal by the Administrative Board, may decide to suspend the application of the contested decision provided the request for review is admissible and not obviously unfounded and it considers that the immediate application of the contested decision may cause irreparable damage. The Governing Council shall take such decision to suspend the application of the contested decision after having heard the opinion of the Supervisory Board as appropriate.

3.The procedures laid down in these Operating Rules, including those set out in Articles 12 and 14 in respect of directions and hearings, shall apply as necessary to the determination of any question of suspension.

Official text · consolidated version 17/09/2019 (no longer in force) Open full page ↗
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