Art. 519c · Compliance tool

Version in force 27 June 2019, Inserted +644 −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

Not in every listWhat this means

Found in the text, but not every source lists it — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. All are shown; none is overruled.

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

This is a newly added article establishing a Compliance tool, requiring EBA to develop an electronic tool intended to help institutions comply with the Regulation, Directive 2013/36/EU, and related regulatory technical standards, implementing technical standards, guidelines and templates.

The article further specifies that the tool must at least allow each institution to quickly identify provisions relevant to its size and business model, and to track changes in legislative acts and related implementing provisions, guidelines and templates.

Cited: Art. 519c, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 519c
Compliance tool
1. EBA shall develop an electronic tool aimed at facilitating institutions' compliance with this Regulation and Directive 2013/36/EU, as well as with regulatory technical standards, implementing technical standards, guidelines and templates adopted to implement this Regulation and that Directive.
2. The tool referred to in paragraph 1 shall at least enable each institution to:
(a) rapidly identify the relevant provisions to comply with in relation to the institution's size and business model;
(b) follow the changes made in legislative acts and in the related implementing provisions, guidelines and templates.