What changes on 21/07/2011

The text in force from 16/12/2010 compared with the text from 21/07/2011, which includes the changes made by Alternative Investment Fund Managers Directive (AIFMD).

Read the act as of 21/07/2011 · other versions: 23/05/2014 · 01/01/2020 · 12/08/2022 · 30/12/2024 · 01/07/2025 · 10/11/2025

Chapter I

• amended Article 1 - Establishment and scope of action
• amended Article 2 - European System of Financial Supervision
• amended Article 4 - Definitions
• amended Article 5 - Legal status
• amended Article 6 - Composition

Chapter II

• amended Article 8 - Tasks and powers of the Authority
• amended Article 9 - Tasks related to consumer protection and financial activities
• amended Article 10 - Regulatory technical standards
• amended Article 11 - Exercise of the delegation
• amended Article 12 - Revocation of the delegation
• amended Article 13 - Objections to regulatory technical standards
• amended Article 14 - Non-endorsement or amendment of draft regulatory technical standards
• amended Article 15 - Implementing technical standards
• amended Article 16 - Guidelines and recommendations
• amended Article 17 - Breach of Union law
• amended Article 18 - Action in emergency situations
• amended Article 19 - Settlement of disagreements between competent authorities in cross-border situations
• amended Article 21 - Colleges of supervisors
• amended Article 22 - General provisions
• amended Article 23 - Identification and measurement of systemic risk
• amended Article 24 - Permanent capacity to respond to systemic risks
• amended Article 25 - Recovery and resolution procedures
• amended Article 26 - European system of national Investor Compensation Schemes
• amended Article 27 - European system of resolution and funding arrangements
• amended Article 28 - Delegation of tasks and responsibilities
• amended Article 29 - Common supervisory culture
• amended Article 30 - Peer reviews of competent authorities
• amended Article 31 - Coordination function
• amended Article 32 - Assessment of market developments
• amended Article 33 - International relations
• amended Article 34 - Other tasks
• amended Article 35 - Collection of information
• amended Article 36 - Relationship with the ESRB
• amended Article 37 - Securities and Markets Stakeholder Group
• amended Article 38 - Safeguards
• amended Article 39 - Decision-making procedures

Chapter III › Section 1

• amended Article 40 - Composition
• amended Article 41 - Internal committees and panels
• amended Article 43 - Tasks
• amended Article 44 - Decision making

Chapter III › Section 2

• amended Article 45 - Composition
• amended Article 47 - Tasks

Chapter III › Section 3

• amended Article 48 - Appointment and tasks
• amended Article 50 - Report

Chapter III › Section 4

• amended Article 51 - Appointment
• amended Article 53 - Tasks

Chapter IV › Section 1

• amended Article 54 - Establishment
• amended Article 55 - Composition
• amended Article 57 - Sub-Committees

Chapter IV › Section 2

• amended Article 58 - Composition and operation
• amended Article 59 - Independence and impartiality

Chapter V

• amended Article 60 - Appeals
• amended Article 61 - Actions before the Court of Justice of the European Union

Chapter VI

• amended Article 62 - Budget of the Authority
• amended Article 63 - Establishment of the budget
• amended Article 64 - Implementation and control of the budget
• amended Article 65 - Financial rules
• amended Article 66 - Anti-fraud measures

Chapter VII

• amended Article 68 - Staff
• amended Article 69 - Liability of the Authority
• amended Article 70 - Obligation of professional secrecy
• amended Article 72 - Access to documents
• amended Article 73 - Language arrangements
• amended Article 75 - Participation of third countries

Outside any heading

• inserted Recital
• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Recital 35
• amended Recital 36
• amended Recital 37
• amended Recital 38
• amended Recital 39
• amended Recital 40
• amended Recital 41
• amended Recital 42
• amended Recital 43
• amended Recital 44
• amended Recital 45
• amended Recital 46
• amended Recital 47
• amended Recital 48
• amended Recital 49
• amended Recital 50
• amended Recital 51
• amended Recital 52
• amended Recital 53
• amended Recital 54
• amended Recital 55
• amended Recital 56
• amended Recital 57
• amended Recital 58
• amended Recital 59
• amended Recital 60
• amended Recital 61
• amended Recital 62
• amended Recital 63
• amended Recital 64
• amended Recital 65
• amended Recital 66
• amended Recital 67
• amended Recital 68
• amended Recital 69
• amended Preamble

Chapter VIII

• amended Article 76 - Preparatory actions
• amended Article 77 - Transitional staff provisions
• amended Article 81 - Review
• amended Article 82 - Entry into force