Updated 30/12/2024
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Version from: 30/12/2024
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There is currently no Level 2 legal act based on or specifying Article 14.
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. 14
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ESMAR ToolEuropean Securities and Markets Authority Regulation (ESMAR)
Article 14

Article 14 - Non-endorsement or amendment of draft regulatory technical standards

Article 14

Non-endorsement or amendment of draft regulatory technical standards

1.  
In the event that the Commission does not endorse a draft regulatory technical standard or amends it as provided for in Article 10, the Commission shall inform the Authority, the European Parliament and the Council, stating its reasons.
2.  
Where appropriate, the European Parliament or the Council may invite the responsible Commissioner, together with the Chairperson of the Authority, within 1 month of the notice referred to in paragraph 1, for an ad hoc meeting of the competent committee of the European Parliament or the Council to present and explain their differences.