Article 3 Legal status

Summary What does Article 3 of the Anti-money laundering authority regulation (AMLAR) say?

This is a short but foundational article that establishes the basic legal identity of the Authority.

It confirms that the Authority exists as a Union body in its own right, with full legal personality, meaning it can act independently as a legal entity across all Member States.

It also clarifies who speaks for the Authority externally.

Important points:

The Authority has legal personality, giving it the capacity to act as an independent legal entity under Union law.
The Authority enjoys the fullest legal capacity available to legal persons in each Member State, including the ability to own property and engage in legal proceedings.
The Chair of the Authority is its official representative.

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

1. The Authority shall be a Union body with legal personality.
1. In each Member State, the Authority shall enjoy the most extensive legal capacity accorded to legal persons under national law. It may, in particular, acquire or dispose of movable and immovable property and be a party to legal proceedings.
1. The Authority shall be represented by its Chair.

Table of contents

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.