Article 104 Amendments to Regulation (EU) No 1094/2010

Summary What does Article 104 of the Anti-money laundering authority regulation (AMLAR) say?

This is a short technical amendment article that makes targeted changes to Regulation (EU) No 1094/2010, which established the European Insurance and Occupational Pensions Authority (EIOPA).

It integrates AMLA into EIOPA's governance structure by requiring EIOPA's Board of Supervisors to admit an AMLA representative as an observer when relevant matters are discussed, and cleans up the existing regulation by removing provisions that are superseded by this new framework.

Important points:

EIOPA's Board of Supervisors is required to admit a representative of AMLA as an observer when matters falling under AMLA's mandate are discussed or decided upon.
A previously existing paragraph in Article 54 of Regulation (EU) No 1094/2010 is deleted, reflecting the transfer of relevant responsibilities to AMLA.
This article mirrors equivalent amendments made to the EBA and ESMA founding regulations in Articles 103 and 105 of this Regulation.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Regulation (EU) No 1094/2010 is amended as follows:

in Article 1(2), the second subparagraph is deleted;
in Article 40(5), the first subparagraph is replaced by the following:
‘The Board of Supervisors may decide to admit observers. In particular, the Board of Supervisors shall admit a representative of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism established by Regulation (EU) 2024/1620 of the European Parliament and of the Council(⁴⁸) where matters that fall under its mandate are discussed or decided upon.
in Article 54, paragraph 2a is deleted.

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