Art. 21

in force 2015-06-21 MODIFIED±0§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown

Sources disagree, and there is no text on either side — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

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in force 2013-06-20 MODIFIED§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2014-06-21, 2015-06-21 · dates removed: 2012-01-01, 2012-01-02

Paragraph 4 no longer sets a 2 January 2012 deadline for submitting draft regulatory technical standards to the Commission but instead directs ESMA to submit them by 21 June 2014, and point (e) now refers to registered and certified credit rating agencies rather than simply credit rating agencies.

Two new paragraphs, 4a and 4b, have been added requiring ESMA to develop further draft regulatory technical standards on disclosure and fee reporting by 21 June 2014, and to report on possible credit rating mappings to the Commission by 21 June 2015, with consultation of EBA and EIOPA on parts of that report.

Paragraph 5 removes the 1 January 2012 date for the first annual report and adds a requirement that the report also assess the application of the endorsement mechanism referred to in Article 4(3).

Cited: Art. 21, v1 · Art. 21, v2

text before / after, on the event page →

in force 2011-06-01 MODIFIED§

Amended by Regulation (EU) No 513/2011 32011R0513

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2011-06-07, 2012-01-01, 2012-01-02 · dates removed: 2010-06-07, 2010-09-07, 2010-12-07

Sources disagree about what is listed, not about the text — the text comparison and the EU's own amendment metadata found this change; the amending act's instructions do not mention it. All are shown; none is overruled.

The provision's heading and body change from referring to CESR to referring to ESMA, and the substantive tasks assigned to that body are rewritten throughout the article.

The earlier duties to issue guidance by 7 June 2010, 7 September 2010 and to publish a first annual report by 7 December 2010 are replaced by duties to issue and update guidelines under Article 16 of Regulation (EU) No 1095/2010, to submit draft regulatory technical standards by 2 January 2012, and to publish a first annual report by 1 January 2012, with a new guideline deadline of 7 June 2011 for the endorsement regime.

A new paragraph requiring an annual report to the European Parliament, the Council and the Commission on supervisory measures and penalties is added, and the cooperation obligation is changed from consulting the Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors to cooperating with and consulting EBA and EIOPA.

Cited: Art. 21, v1 · Art. 21, v2

text before / after, on the event page →