Art. 8

in force 2025-12-31 MODIFIED±0§

Amended by Regulation (EU) 2024/1620 32024R1620

applies from: unknown

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in force 2020-01-01 MODIFIED§

Amended by Regulation (EU) 2019/2175 32019R2175

applies from: unchanged

Paragraph 1 gains new tasks such as maintaining a Union resolution handbook, contributing to a common Union financial data strategy, publishing overviews of technical standards and questions and answers, and contributing to preventing use of the financial system for money laundering or terrorist financing, alongside reworded points on the supervisory handbook, peer reviews, market monitoring and analyses, and depositor and investor protection.

Paragraph 1a now also directs the Authority to take account of technological innovation, innovative and sustainable business models, and environmental, social and governance factors, and refers to financial institutions generally rather than credit institutions specifically.

Paragraph 2 adds new powers to issue recommendations under Article 29a, warnings under Article 9(3), answers to questions under Article 16b, and to take action under Article 9c, while the former paragraph 2a on better regulation is now renumbered as paragraph 3 and expanded with wording on proportionality and on public consultations under Articles 10, 15, 16 and 16a.

Cited: Art. 8, v2 · Art. 8, v1

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in force 2013-10-30 MODIFIED§

Amended by Regulation (EU) No 1022/2013 32013R1022

applies from: unchanged

A new task is added directing the Authority to develop and keep up to date a European supervisory handbook setting out supervisory best practices for methodologies and processes, and point (a) is expanded to also cover 'other measures' alongside guidelines, recommendations and technical standards.

Point (c) drops the word 'stimulate', now referring only to facilitating delegation of tasks and responsibilities, while point (i) changes from 'contribute to' to 'promote' the listed functions and adds wording about fostering cooperation between competent authorities on cross-border institutions posing systemic risk.

Two new paragraphs are inserted: paragraph 1a requires the Authority to use its full powers and take account of the different types, business models and sizes of credit institutions when carrying out its tasks, and paragraph 2a requires it to have due regard to better regulation principles, including cost-benefit analyses, when carrying out tasks and exercising powers.

Cited: Art. 8, v2 · Art. 8, v1

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