Article 55 Opinions and technical advice

Summary What does Article 55 of the Anti-money laundering authority regulation (AMLAR) say?

This article covers the Authority's opinion and technical advice function in relation to the EU's political institutions.

It establishes that the Authority can engage with the European Parliament, the Council, and the Commission either reactively, when asked, or proactively on its own initiative.

It is a relatively brief article that complements the Authority's broader regulatory toolkit established elsewhere in the regulation, such as its power to issue guidelines and recommendations under Article 54.

Important points:

The Authority can issue opinions to the European Parliament, the Council, and the Commission on any matter within its area of competence, either on request or on its own initiative.
When a request for an opinion is made, it may also include a public consultation, a technical analysis, or consultation with other relevant Union bodies.
The Authority can also provide technical advice to the three institutions, but only when specifically requested to do so.

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

1. The Authority may, upon a request from the European Parliament, from the Council or from the Commission, or on its own initiative, provide opinions to the European Parliament, the Council and the Commission on all issues related to its area of competence.
1. The request referred to in paragraph 1 may include a consultation with other relevant Union bodies where their competence is concerned, a public consultation or a technical analysis.
1. The Authority may, upon a request from the European Parliament, from the Council or from the Commission, provide technical advice to the European Parliament, the Council and the Commission in the areas covered by the legislative acts referred to in Article 1(2).

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.