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New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD). 139 provisions change. Later versions: 23/05/2014, 01/01/2020, 12/08/2022, 30/12/2024, 01/07/2025, 10/11/2025. Article 57 changes in this version: compare with the current text.

Article 57 - Sub-Committees

Article 57
Sub-Committees

1. For the purposes of Article 56, a Sub-Committee on Financial Conglomerates to the Joint Committee shall be established.

2. The Sub-Committee shall be composed of the individuals referred to in Article 55(1), and one high-level representative from the current staff of the relevant competent authority from each Member State.

3. The Sub-Committee shall elect a Chairperson from among its members, who shall also be a member of the Joint Committee.

4. The Joint Committee may establish further Sub Committees.

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