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Version date: 9 July 2024 - onwards
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Article 54 Supervisory measures towards establishments of obliged entities and certain activities carried out under the freedom to provide services

1. In the case of establishments of obliged entities that do not as such qualify as credit institutions or financial institutions or of types of infrastructure of obliged entities over which the supervisor of the host Member State exercises supervision pursuant to Article 38(1), paragraphs 2 to 5 of this Article shall apply.

2. Where the supervisors of the host Member State identify breaches of applicable requirements, they shall request the obliged entities operating through the establishments or types of infrastructure as referred to in paragraph 1 to comply with the applicable requirements and inform the supervisors of the home Member State of the breaches identified within thoseobliged entities and of the request to comply.

3. Where the obliged entities fail to take the necessary action, the supervisors of the host Member State shall inform the supervisors of thehome Member State accordingly.

The supervisors of the home Member State shall act promptly and take all appropriate measu

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