Article 56 Administrative and management structure

Summary What does Article 56 of the Anti-money laundering authority regulation (AMLAR) say?

This is a short, foundational article that establishes the organisational structure of the Authority.

It simply names the five bodies that make up the Authority, with each one cross-referenced to a later article that details its specific tasks and functions.

It serves as the entry point to understanding how the Authority is governed internally.

Important points:

The Authority is composed of five bodies: a General Board, an Executive Board, a Chair, an Executive Director, and an Administrative Board of Review.
Each body's tasks are defined in separate articles elsewhere in the regulation (Articles 60, 64, 69, 71, and 74 respectively).
The Administrative Board of Review is a distinct body within the structure, signalling a built-in internal review mechanism separate from the executive and supervisory functions.

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

The Authority’s structure shall comprise:

a General Board, which shall exercise the tasks set out in Article 60;
an Executive Board, which shall exercise the tasks set out in Article 64:
a Chair of the Authority, who shall exercise the tasks set out in Article 69;
an Executive Director, who shall exercise the tasks set out in Article 71;
an Administrative Board of Review, which shall exercise the functions listed in Article 74.

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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.