In addition to the Chair, the Management Board is composed of six members selected from the Board of Supervisors by its members. The Executive Director, the Vice-Chair, and a representative from the Commission attend as non-voting participants (except on budget matters where the Commission has a vote).

The main role of the Management Board is to ensure that the Authority carries out its mission and performs the tasks assigned to it in accordance with the ESMA Regulation and in particular focuses on the management aspects of the Authority, such as the development and implementation of a multi-annual Work Programme, as well as budget and staff resource matters.

In accordance with Article 47(7) of the ESMA Regulation 1095/2010, the Management Board has adopted Rules of Procedure.

ESMA Management Board 2017 - ESMA