(4)The Commission should be empowered to adopt technical adjustments and implementing measures to take account, inter alia , of technical developments in financial markets and to ensure the uniform application of Directive 2006/48/EC. Those measures are designed to specify definitions, modify the scope of exemptions and elaborate or supplement the provisions of that Directive through technical adaptations related to the determination of own funds and the organisation, calculation and evaluation of risks and exposures. Since those measures are of general scope and are designed to amend non-essential elements of Directive 2006/48/EC, inter alia , by supplementing it with new non-essential elements, they must be adopted in accordance with the regulatory procedure with scrutiny provided for in Article 5a of Decision 1999/468/EC.
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New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
12 provisions change.
Recital 4 is deleted from 01/01/2014.