Given the technical expertise of the Authority in the areas where regulatory technical standards should be developed, note should be taken of the Commission’s stated intention to rely, as a rule, on the draft regulatory technical standards submitted to it by the Authority in view of the adoption of the corresponding delegated acts. However, in cases where the Authority fails to submit a draft regulatory technical standard within the time limits set out by the relevant legislative act, it should be ensured that the result of the exercise of delegated power is actually achieved, and the efficiency of the decision-making process be maintained. In those cases, the Commission should therefore be empowered to adopt regulatory technical standards in the absence of a draft by the Authority.
Text applicable on 2 Jul 2014Consolidated version of 2 Jul 2014Earlier versionUpcoming changefrom 19 Aug 2014Unofficial text · authentic on EUR-Lex (opens in a new tab)
EBAR Recital (24) — as applicable on 2 Jul 2014 (version of 2 Jul 2014)
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