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Banking Rule Book
Text applicable on 19 Aug 2014Consolidated version of 19 Aug 2014Earlier versionUpcoming changefrom 12 Jan 2016Unofficial text · authentic on EUR-Lex (opens in a new tab)

EBAR Article 34 — as applicable on 19 Aug 2014 (version of 19 Aug 2014)

Upcoming changeThis provision is amended or removed from 1 Jan 2020.View that version

Article 34

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Versions of this provision:16 Dec 20101 Jan 2020

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1.

The Authority may, upon a request from the European Parliament, the Council or the Commission, or on its own initiative, provide opinions to the European Parliament, the Council and the Commission on all issues related to its area of competence.

2.

With regard to prudential assessments of mergers and acquisitions falling within the scope of Directive 2006/48/EC (opens EUR-Lex in a new tab), as amended by Directive 2007/44/EC (opens EUR-Lex in a new tab), and which according to that Directive require consultation between competent authorities from two or more Member States, the Authority may, on application of one of the competent authorities concerned, issue and publish an opinion on a prudential assessment, except in relation to the criteria in Article 19a(1)(e) (opens EUR-Lex in a new tab) of Directive 2006/48/EC (opens EUR-Lex in a new tab). The opinion shall be issued promptly and in any event before the end of the assessment period in accordance with Directive 2006/48/EC (opens EUR-Lex in a new tab), as amended by Directive 2007/44/EC (opens EUR-Lex in a new tab). Article 35 shall apply to the areas in respect of which the Authority may issue an opinion.