(3)To address issues raised in relation to the provisions of Directive 2013/36/EU that proved not to be sufficiently clear and have therefore been subject to divergent interpretations or that have been found to be overly burdensome for certain institutions, Directive 2013/36/EU was amended by Directive (EU) 2019/878 of the European Parliament and of the Council 5 . It is necessary to reflect those amendments to Directive 2013/36/EU in Implementing Regulation (EU) No 650/2014.
Recital 3
- 5 Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures ( OJ L 150, 7.6.2019, p. 253 ). ↩