While competent authorities are usually best placed to monitor market conditions and to react initially to an adverse event or development by deciding if a serious threat to financial stability or to market confidence has arisen and whether it is necessary to take measures to address such a situation, powers in this regard and the conditions and procedures for their use should be harmonised as far as possible.
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New version applies from 31/01/2022 — introduced by Commission Delegated Regulation (EU) 2022/27.
54 provisions change.
Later versions: 09/01/2024, 16/01/2024.
Recital 29 changes in this version: compare with the current text.