in force 2020-01-01 MODIFIED+524 −196§
Amended by Regulation (EU) 2019/2175 32019R2175
applies from: unchanged
Sources disagree — the text comparison and the EU's own amendment metadata found this change; the amending act's instructions do not mention it. All are shown; none is overruled.
The provision now begins with a general rule that the Joint Committee may establish sub-committees for preparing draft joint positions and common acts, whereas the earlier version opened with the establishment of a Sub-Committee on Financial Conglomerates under Article 56, a rule that now appears later as paragraph 4.
The description of the chairperson changed from being elected from among the sub-committee's members and sitting as a member of the Joint Committee, to being elected from among representatives of the relevant competent authorities and sitting as an observer in the Joint Committee.
A new paragraph 5 has been added requiring the Joint Committee to make public on its website all established Sub-Committees, including their mandates and a list of their members with their respective functions.
Cited: Art. 57, v1 · Art. 57, v2
text before / after
02010R1094-20140523 → 02010R1094-20200101
Article 57
Sub-Committees
1. For The Joint Committee may establish sub-committees for the purposes of Article 56, a Sub-Committee on Financial Conglomerates to preparing draft joint positions and common acts for the Joint Committee shall be established. Committee.
2. The Sub-Committee Each sub-committee shall be composed of the individuals referred to in Article 55(1), and one high-level representative from the current staff of the relevant competent authority from each Member State.
3. The Sub-Committee Each sub-Committee shall elect a Chairperson chairperson from among its members, the representatives of the relevant competent authorities, who shall also be a member of an observer in the Joint Committee.
4. For the purposes of Article 56, a sub-committee on financial conglomerates to the Joint Committee shall be established.
5. The Joint Committee may establish further Sub-Committees. shall make public on its website all established Sub-Committees including their mandates and a list of their members with their respective functions in the sub-committee.