1. The Chair of the Authority shall be selected on the basis of merit, skills, knowledge, integrity, recognised standing and experience in the area of AML/CFT and other relevant qualifications, following an open selection procedure which shall be published in the Official Journal of the European Union. The European Parliament, the Council and the General Board shall be kept duly informed at every stage of that procedure in a timely manner.
The Commission shall prepare a shortlist of at least two qualified candidates for the position of the Chair of the Authority. The European Parliament and the General Board may conduct hearings of the candidates on that shortlist. The General Board may issue a public opinion on the results of its hearings, or address its opinion to the European Parliament, the Council and the Commission.
The Commission shall submit a proposal for the appointment of the Chair of the Authority to the European Parliament.
Following the European Parliament's approval of t
…