Regulatory Alerts2023-01-12
Added · Updated
Commission Delegated Regulation (EU) 2023/1118 on regulatory technical standards for colleges of supervisors
The European Commission adopted Delegated Regulation (EU) 2023/1118 to specify the conditions under which colleges of supervisors exercise their tasks for investment firm groups under Directive (EU) 2019/2034. The regulation mandates group supervisors to map investment firm groups and establish colleges when specific cross-border or third-country coordination conditions are met. It requires the creation of comprehensive written arrangements detailing information exchange, observer participation, and emergency planning, while ensuring the European Banking Authority and European Securities and Markets Authority participate in these supervisory colleges.
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