Contents
- 1. Each Member State shall ensure that all obliged entities e…
- 2. Member States shall ensure that supervisors have adequate…
- 3. In the case of the obliged entities referred to in Article…
- 4. Where a Member State has entrusted the supervision of a ca…
- 5. For the purposes of paragraph 1, Member States shall ensur…
- 6. Member States shall ensure that supervisors have adequate…
- 7. Member States shall ensure that financial supervisors and…
3.In the case of the obliged entities referred to in Article 3, points (3)(a) and (b), of Regulation (EU) 2024/1624, Member States may allow the function referred to in paragraph 1 of this Article to be performed by self-regulatory bodies, provided that those self-regulatory bodies have the powers referred to in paragraph 6 of this Article and have adequate financial, human and technical resources to perform their functions. Member States shall ensure that staff of those bodies are of high integrity and appropriately skilled, and that they maintain high professional standards, including standards of confidentiality, data protection and standards addressing conflicts of interest.
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