Version in force , Modified +106 −5§
Amended by Regulation (EU) 2025/2088 32025R2088 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The list of matters on which the Joint Committee cooperates now includes a new item covering reporting and disclosure requirements and the collection of information from financial institutions, added after the existing reference to advice by the Committee established under Article 1(7).
The remainder of Article 54, including paragraphs 1, 2a, 3 and 4, is unchanged between the two versions.
Cited: Art. 54, v2 (external, EUR-Lex) · Art. 54, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 1 July 2025 02010R1094-20250701 → this version, in force 10 November 2025 02010R1094-20251110
Article 54
Establishment
1. The Joint Committee of the European Supervisory Authorities is hereby established.
2. The Joint Committee shall serve as a forum in which the Authority shall cooperate regularly and closely to ensure cross-sectoral consistency, while considering sectoral specificities, with the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Securities and Markets Authority), in particular regarding:
financial conglomerates and, where required by Union law, prudential consolidation,
accounting and auditing,
micro-prudential analyses of cross-sectoral developments, risks and vulnerabilities for financial stability,
retail investment products,
cybersecurity,
information and best practice exchange with the ESRB and the other ESAs,
retail financial services and consumer and investor protection issues,
advice by the Committee established in accordance with Article 1(7). 1(7),
reporting and disclosure requirements and the collection of information from financial institutions.
2a. The Joint Committee may assist the Commission in assessing the conditions and the technical specifications and procedures for ensuring secure and efficient inter-connection of the centralised automated mechanisms pursuant to the report referred in Article 32a(5) of Directive (EU) 2015/849 as well as in the effective interconnection of the national registers under that Directive.
3. The Joint Committee shall have a dedicated staff provided by the ESAs that shall act as a permanent secretariat. The Authority shall contribute adequate resources to administrative, infrastructure and operational expenses.
4. In the event that a financial institution reaches across different sectors, the Joint Committee shall resolve disagreements in accordance with Article 56.