On 20 July 2021, European Commission published the Proposal for a Regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010 (COM(2021) 421 final / 2021/0240 (COD)) to amend the EBA Regulation (1093/2010/EU).
The condensed text below shows the proposed amendments from the COM(2021) 421 final / 2021/0240 (COD) for affected provisions only.
Provisions amended
- Article 1 Establishment and scope of action
- Article 4 Definitions
- Article 8 Tasks and powers of the Authority
- Article 17 Breach of Union law
- Article 19 Settlement of disagreements between competent authorities in cross-border situations
- Article 33 International relations including equivalence
- Article 40 Composition
- Article 81 Review
Provisions deleted
- Article 9a Special tasks related to preventing and countering money laundering and terrorist financing
- Article 9