Regulatory Alerts2020-01-01
EBA Decision on Rules of Procedure for Investigation of Breach of Union Law
The European Banking Authority issued this consolidated decision to establish detailed procedural rules for investigating alleged breaches of Union law by competent authorities. The framework defines admissibility criteria for requests, outlines the Chairperson's role in initiating investigations, and mandates an independent Panel to conclude proceedings and propose recommendations. It further specifies procedures for addressing non-compliance through decisions directed at financial institutions and ensures transparency through publication requirements and annual reporting.
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