Recital 1

(1)Article 11.3 fourth sentence of the Rules of Procedure of the Supervisory Board of the European Central Bank ³ (hereinafter, the ‘Rules of Procedure’) provides for a review of the allocation of the national competent authorities to the four groups established in order to define representation in the Steering Committee of the Supervisory Board, as set out in the Annex to the Rules of Procedure, when a Member State adopts the euro.