+Article 16 3.

Article 16 3.

When taking action under this Article, EIOPA shall ensure that the action does not:

(a) 

have a detrimental effect on the efficiency of financial markets or on investors that is disproportionate to the benefits of the action; or

(b) 

create a risk of regulatory arbitrage.

Where a competent authority or competent authorities have taken a measure under Article 17, EIOPA may take any of the measures referred to in paragraph 1 of this Article without issuing the opinion provided for in Article 18.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards