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European Union
Regulation (EU) 2024/1620
Chapter II
Section 7
Article 50
2.

Regulation (EU) 2024/1620

In forceThis text since 10 Nov 2025law://eu/reg/2024/1620/art_50__para_2@2026-11-11

Version in force onWhereEuropean Union

Contents

1. The power to adopt regulatory technical standards referred…
2. As soon as it adopts a regulatory technical standard, the…
3. The power to adopt regulatory technical standards is confe…

Contents

1. The power to adopt regulatory technical standards referred…
2. As soon as it adopts a regulatory technical standard, the…
3. The power to adopt regulatory technical standards is confe…

2.As soon as it adopts a regulatory technical standard, the Commission shall notify it simultaneously to the European Parliament and to the Council.

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

Key facts

Type: Regulation · (EU) 2024/1620 · EEA relevant
Adopted: 31 May 2024
In force: 26 Jun 2024
Applies from: 1 Jul 2025
Text current to: 10 Nov 2025
Applies from: 31 Dec 2025
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32024R1620 · ELI

Topics

banking supervision economic offence fight against crime financial institution financial supervision financial transaction money laundering operation of the Institutions terrorism financing Judicial cooperation in criminal matters Justice and home affairs Provisions governing the Institutions

History · 1 version

10 Nov 2025Reading

Connections

Amends 1: Regulation (EU) No 1095/2010
Repeals 1: Regulation (EU) No 1095/20102 provisions
Cited by 10: Regulation (EU) No 1095/20102 provisions; Directive 2013/36/EU2 provisions; this act4 provisions; Directive (EU) 2024/16402 provisions; Regulation (EU) 2024/1624; Directive (EU) 2024/16193 provisions; Regulation (EU) 2025/20888 provisions; Council Implementing Decision (EU) 2025/632; Directive (EU) 2019/1153; Directive (EU) 2024/1654

Defined terms · 4

Show every defined term

non-AML/CFT authority
means:
non-selected obliged entity
means a credit institution, a financial institution, or a group of credit institutions or financial institutions at the highest level of consolidation in the Union in accordance with applicable accounting standards, other than a selected obliged entity;
other authorities
means any of the following authorities:
selected obliged entity
means a credit institution, a financial institution, or a group of credit institutions or financial institutions at the highest level of consolidation in the Union in accordance with applicable accounting standards, which is under direct supervision by the Authority pursuant to Article 13;

eu/reg/2024/1620