34. Repeal

With the adoption and publication of these Internal Governance Guidelines, the following Guidelines are repealed: section 2.1 of the CEBS Guidelines on the Application of the Supervisory Review Process (dated 25 January 2006), entitled 'Guidelines on Internal Governance'; the 'High Level Principles for Remuneration Policies' (dated 20 April 2009) and the 'High Level Principles for Risk Management' (dated 16 February 2010).

35. Date of application

Competent authorities shall implement the Guidelines on Internal Governance by incorporating them within their supervisory procedures by 31 March 2012. After that date, competent authorities should ensure that institutions comply with it effectively.