Skip to content
Banking Rule Book
Text applicable on 9 Jan 2024Consolidated version of 9 Jan 2024In forceUpcoming changefrom 30 Jan 2027Unofficial text · authentic on EUR-Lex (opens in a new tab)

FICOD Article 20 — as applicable on 9 Jan 2024 (version of 9 Jan 2024)

Article 20

Powers conferred on the Commission

Amendment details· last amended 9 Dec 2011
Versions of this provision:13 Apr 200521 Mar 20084 Jan 20119 Dec 2011

Last amended 9 Dec 2011 by Directive 2011/89/EU of 16 November 2011.

Show the full history or compare two dates

The Commission shall be empowered to adopt delegated acts in accordance with Article 21c concerning the technical adaptations to be made to this Directive in the following areas:

(a)

a more precise formulation of the definitions laid down in Article 2 in order to take account of developments in financial markets for the application of this Directive;

(b)

the alignment of terminology and the framing of definitions in this Directive in accordance with subsequent Union acts on regulated entities and related matters;

(c)

a more precise definition of the calculation methods set out in Annex I in order to take account of developments on financial markets and prudential techniques.

Those measures shall not include the subject matter of the power delegated to and conferred on the Commission with regard to the items listed in Article 21a.