Art. 501b · Derogation from reporting requirements

Version in force 27 June 2019, Inserted +578 −0§

Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (an inserted provision states its own application date only in prose) why

Explanation, written by a model and checked against the cited text

This is a new provision allowing a competent authority to waive the requirement to report information in the format specified in the templates contained in the implementing act referred to in Article 430(7), where those templates have not been updated to reflect the Regulation's provisions.

The waiver applies as a derogation from Article 430 and is described as covering the period between the date of application of the relevant provisions of the Regulation and the date of the first remittance of reports specified in the implementing technical standards referred to in Article 430.

Cited: Art. 501b, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 501b
Derogation from reporting requirements
By way of derogation from Article 430, during the period between the date of application of the relevant provisions of this Regulation and the date of the first remittance of reports specified in the implementing technical standards referred to in that Article, a competent authority may waive the requirement to report information in the format specified in the templates contained in the implementing act referred to in Article 430(7) where those templates have not been updated to reflect the provisions of this Regulation.