Legal provisions of COM(2017)734 - Amendment of Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2017)734 - Amendment of Regulation (EU) No 1093/2010 as regards the location of the seat of the European Banking Authority. |
|---|---|
| document | COM(2017)734  |
| date | November 14, 2018 |
Article 1
Article 7 of Regulation (EU) No 1093/2010 is replaced by the following:
‘Article 7
Seat
The Authority shall have its seat in Paris, France.
The location of the seat of the Authority shall not affect the Authority’s execution of its tasks and powers, the organisation of its governance structure, the operation of its main organisation, or the main financing of its activities, while allowing, where applicable, for the sharing with Union agencies of administrative support services and facility management services which are not related to the core activities of the Authority. By 30 March 2019 and every 12 months thereafter, the Commission shall report to the European Parliament and the Council on the compliance of the European Supervisory Authorities with that requirement.’
Article 2
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union.
This Regulation shall apply from 30 March 2019.
This Regulation shall be binding in its entirety and directly applicable in all Member States.