Source: OJ L, 2024/1620, 19.6.2024Current language: EN
- Anti-money laundering
Basic legislative acts
- Anti-money laundering authority regulation (AMLAR)
Article 101 Headquarters Agreement and operating conditions
Summary What does Article 101 of the Anti-money laundering authority regulation (AMLAR) say?
This brief but practical article deals with the physical establishment of the Authority in its host Member State.
It requires that a formal Headquarters Agreement be concluded between the Authority and the host Member State, covering accommodation, facilities, and the rules applicable to staff and their families.
The Executive Board must approve this agreement before it is concluded.
The article connects directly to Article 4, which designates Frankfurt am Main, Germany as the seat of the Authority.
Important points:
- The Authority and its host Member State are required to conclude a Headquarters Agreement covering accommodation, facilities, and rules applicable to staff and their families.
- The Headquarters Agreement requires the approval of the Executive Board before it can be concluded.
- The host Member State must provide the best possible conditions for the Authority's functioning, including multilingual, European-oriented schooling and appropriate transport connections.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The necessary arrangements concerning the accommodation to be provided for the Authority in the Member State where its seat is located and the facilities to be made available by that Member State, as well as the specific rules applicable in that Member State to the staff of the Authority and members of their families, shall be laid down in a Headquarters Agreement to be concluded between the Authority and that Member State after obtaining the approval of the Executive Board.
The Member State where the seat is located shall provide the best possible conditions to ensure the proper functioning of the Authority, including multilingual, European-oriented schooling and appropriate transport connections.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.