Recital 57

(57) For a smooth decision-making process, the tasks should be clearly divided: the General Board in FIU composition should decide on draft regulatory and implementing technical standards, guidelines and similar measures for FIUs, while the General Board in supervisory composition should decide on draft regulatory and implementing technical standards, guidelines and similar measures for obliged entities. The General Board in supervisory composition should also be able to provide, in accordance with procedures to be defined in agreement with the Executive Board, its opinion to the Executive Board on all draft decisions in relation to individual selected obliged entities proposed by the Joint Supervisory Teams. In the absence of such an opinion, the decisions should be taken by the Executive Board. Whenever the Executive Board deviates in its final decision from the opinion provided by the General Board in supervisory composition, it should explain the reasons therefor in writing.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.