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Board Of Appeal Of The European Supervisory Authorities Decisions
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The Board of Appeal is a joint body of the European Supervisory Authorities (ESAs), introduced to effectively protect the rights of parties affected by decisions adopted by the Authorities. Although its secretariat is supported by the Authorities, and the Board of Appeal is part of the Authorities, in reaching its decisions it is fully independent. Articles 58 and 59 of the EBA, EIOPA and ESMA Regulations (the ESAs' Regulations) provide for the establishment of an independent and impartial Board of Appeal of the three Authorities.
The Board is responsible for deciding on appeals against certain decisions of the Authorities according to Article 60 of the ESAs' Regulations. The decisions of the Board of Appeal can themselves be appealed to the Court of Justice of the European Union, as set out under Article 61 of the ESAs' Regulations and specific sectorial legislation.
Under Article 58(8) of the ESAs' Regulations, the Authorities provide operational and secretarial support to the Board of Appeal through the Joint Committee, a body which is also established by the ESAs' Regulations.● European Banking Authority (EBA)
Board Of Appeal Of The European Supervisory Authorities