Regulation (EU) 2019/2175

In force

This text since 27 Dec 2019law://eu/reg/2019/2175/art_2__pnt_47@2026-11-13

Contents

(47)Articles 56 and 57 are replaced by the following:‘Article 56Joint positions and common actsWithin the scope of its tasks set out in Chapter II of this Regulation, and in particular with respect to the implementation of Directive 2002/87/EC, where relevant, the Authority shall reach joint positions by consensus with, as appropriate, the European Supervisory Authority (European Banking Authority) and with the European Supervisory Authority (European Securities and Markets Authority).Where required by Union law, measures pursuant to Articles 10 to 16, and decisions pursuant to Articles 17, 18 and 19, of this Regulation in relation to the application of Directive 2002/87/EC and of any other legislative acts referred to in Article 1(2) of this Regulation that also fall within the area of competence of the European Supervisory Authority (European Banking Authority) or the European Supervisory Authority (European Securities and Markets Authority) shall be adopted, in parallel, by, as appropriate, the Authority, the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Securities and Markets Authority).Article 57Sub-Committees1.The Joint Committee may establish sub-committees for the purposes of preparing draft joint positions and common acts for the Joint Committee.2.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.Each sub-Committee shall elect a chairperson from among the representatives of the relevant competent authorities, who shall also be 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 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.’;

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Regulation · (EU) 2019/2175 · EEA relevant
Adopted: 18 Dec 2019
Text current to: 27 Dec 2019
In force: 30 Dec 2019
Applies from: 1 Jan 2020
Applies from: 1 Jan 2022
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32019R2175 · ELI

Topics

banking supervision European Banking Authority European Insurance and Occupational Pensions Authority European Securities and Markets Authority financial institution financial instrument financial legislation financial supervision operation of the Institutions payment system Free movement of capital Internal market - Principles

History · 1 version

27 Dec 2019Reading

Connections

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Amends 3: Regulation (EU) No 600/201414 provisions; Regulation (EU) No 1094/20106 provisions; Regulation (EU) No 1093/20105 provisions
Repeals 1: Regulation (EU) No 1095/201010 provisions
Cited by 4: Commission Delegated Regulation (EU) 2026/264; Council Implementing Decision (EU) 2024/742; Commission Delegated Regulation (EU) 2022/466; Commission Implementing Regulation (EU) 2021/1122
Cites 2: Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council; this act

Defined terms · 9

Show every defined term

APA
means a person authorised under this Regulation to provide the service of publishing trade reports on behalf of investment firms pursuant to Articles 20 and 21;
ARM
means a person authorised under this Regulation to provide the service of reporting details of transactions to competent authorities or to ESMA on behalf of investment firms;’;
competent authorities
means:
competent authority
means a competent authority as defined in point (26) of Article 4(1) of Directive 2014/65/EU and, for the authorisation and supervision of data reporting services providers, ESMA, with the exception of those approved reporting mechanisms (ARMs) and approved publication arrangements (APAs) with a derogation in accordance with paragraph 3 of this Article;’;
CTP
means a person authorised under this Regulation to provide the service of collecting trade reports for financial instruments listed in Articles 6, 7, 10, 12 and 13, 20 and 21 from regulated markets, MTFs, OTFs and APAs and consolidating them into a continuous electronic live data stream providing price and volume data per financial instrument;
data reporting services provider
means a person referred to in points (34) to (36) and a person referred to in Article 27b(2);’;
financial institution
means any undertaking that is subject to regulation and supervision pursuant to any of the legislative acts referred to in Article 1(2);’;
financial sector operator
means an “entity” as referred to in Article 2 of Directive (EU) 2015/849, which is either a financial institution as defined in point (1) of this Article or in point (1) of Article 4 of Regulation (EU) No 1094/2010 or a “financial market participant” as defined in point (1) of Article 4 of Regulation (EU) No 1095/2010;’;
senior management
means senior management as defined in point (37) of Article 4(1) of Directive 2014/65/EU;’;