Recital 84

(84) Since it is intended that the Authority has a full range of powers and tasks related to direct and indirect supervision and oversight of all obliged entities, it is necessary that those powers remain consolidated within one Union body and do not give rise to conflicting competences with other Union bodies. Therefore, the EBA should not retain its tasks and powers related to AML/CFT once this Regulation becomes fully applicable, and the corresponding articles in Regulation (EU) No 1093/2010 should be deleted. The resources allocated to the EBA for the fulfilment of those tasks and powers should be transferred to the Authority. Considering that all three ESAs should cooperate with the Authority, and should be able to attend the meetings of the General Board in supervisory composition as observers, the same possibility should be afforded to the Authority in respect of meetings of the Board of Supervisors of the ESAs. In cases where the respective Boards of Supervisors discuss or decide on matters that are relevant for the execution of the Authority’s tasks and powers, the Authority should be able to participate in their meetings as an observer. The articles on the compositions of the Board of Supervisors in Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010 should therefore be amended accordingly.

← Recital 83 · All articles · Recital 85 →

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