+CHAPTER I ESTABLISHMENT AND LEGAL STATUS
---+Article 1 Establishment and scope of action
------+Article 1 1.
------+Article 1 2.
------+Article 1 3.
------+Article 1 4.
------+Article 1 5.
------+Article 1 6.
------+Article 1 7.
---+Article 2 European System of Financial Supervision
------+Article 2 1.
------+Article 2 2.
------+Article 2 3.
------+Article 2 4.
------+Article 2 5.
---+Article 3 Accountability of the Authorities
------+Article 3 1.
------+Article 3 2.
------+Article 3 3.
------+Article 3 4.
------+Article 3 5.
------+Article 3 6.
------+Article 3 7.
------+Article 3 8.
------+Article 3 9.
---+Article 4 Definitions
---+Article 5 Legal status
------+Article 5 1.
------+Article 5 2.
------+Article 5 3.
---+Article 6 Composition
---+Article 7 Seat

CHAPTER I ESTABLISHMENT AND LEGAL STATUS

CHAPTER I ESTABLISHMENT AND LEGAL STATUS

1. Overview

,
Summary Regulation
Article 1 Establishment and scope of action
Article 2 European System of Financial Supervision
Article 3 Accountability of the Authorities
Article 4 Definitions

Article 4

Definitions

For the purposes of this Regulation the following definitions apply:

(1) 

‘financial institutions’ means undertakings, entities and natural and legal persons subject to any of the legislative acts referred to in Article 1(2). With regard to Directive 2005/60/EC, ‘financial institutions’ means only insurance undertakings and insurance intermediaries as defined in that Directive;

(2) 

‘competent authorities’ means:

(i) 

supervisory authorities as defined in Directive 2009/138/EC, and competent authorities as defined in Directive 2003/41/EC and 2002/92/EC;

▼M2

(ii) 

with regard to Directive 2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of that Directive by financial institutions.

▼B

Article 5 Legal status
Article 6 Composition

Article 6

Composition

The Authority shall comprise:

(1) 

a Board of Supervisors, which shall exercise the tasks set out in Article 43;

(2) 

a Management Board, which shall exercise the tasks set out in Article 47;

(3) 

a Chairperson, who shall exercise the tasks set out in Article 48;

(4) 

an Executive Director, who shall exercise the tasks set out in Article 53;

(5) 

a Board of Appeal, which shall exercise the tasks set out in Article 60.

Article 7 Seat

Article 7

Seat

The Authority shall have its seat in Frankfurt am Main.

▼M2

The location of the seat of the Authority shall not affect the Authority’s execution of its tasks and powers, the organisation of its governance structure, the operation of its main organisation, or the main financing of its activities, while allowing, where applicable, for the sharing with Union agencies of administrative support services and facility management services which are not related to the core activities of the Authority.

▼B

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • Builddate: 30.01.2027 00:00:00 -Doknr: CELEX:32010R1094
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