Updated 21/12/2024
In force

Version from: 12/08/2022
Amendments
There is currently no Level 2 legal act based on or specifying Article 11.
Opinion of the European Central Bank of 27 November 2012 on various draft regulatory and implementing technical standards submitted by the European Securities and Markets Authority to the Commission to be adopted by means of Commission delegated and implementing regulations supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (CON/2012/95)
Art. 11
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ESMAR ToolEuropean Securities and Markets Authority Regulation (ESMAR)
Article 11

Article 11 - Exercise of the delegation

Article 11

Exercise of the delegation

1.  
The power to adopt regulatory technical standards referred to in Article 10 shall be conferred on the Commission for a period of 4 years from 16 December 2010. The Commission shall draw up a report in respect of the delegated power not later than 6 months before the end of the four-year period. The delegation of power shall be automatically extended for periods of an identical duration, unless the European Parliament or the Council revokes it in accordance with Article 14.
2.  
As soon as it adopts a regulatory technical standard, the Commission shall notify it simultaneously to the European Parliament and to the Council.
3.  
The power to adopt regulatory technical standards is conferred on the Commission subject to the conditions laid down in Articles 12 to 14.