Anti-money laundering
AMLAR supplemental acts
ITS on cooperation for the purposes of direct supervision

Article 14 Establishment and composition of the joint supervisory teams

This is a draft act

This text has been parsed from the AMLA consultation paper draft as published on 16 December 2025. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.

Summary What does Article 14 of the ITS on cooperation for the purposes of direct supervision say?

This brief article addresses a coordination scenario within the joint supervisory team (JST) framework: where multiple national financial supervisors share responsibility for overseeing a selected obliged entity, they must align their participation within the JST rather than act independently.

It connects directly to the broader JST structure established elsewhere in the regulation, ensuring that the presence of multiple national supervisors does not create fragmentation or duplication within the team.

The Authority also retains a degree of oversight over the JST's composition, with the ability to push back on appointments made by financial supervisors.

Important points:

Where multiple financial supervisors are responsible at national level for the same selected obliged entity, they are required to coordinate their participation within the joint supervisory team.
The Authority may request financial supervisors to modify their appointments of JST members to ensure the team is adequately composed.
The Authority holds a degree of influence over JST membership, even though the appointments themselves are made by financial supervisors.

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

1. Where more than one financial supervisor is responsible for supervision of the selected obliged entity at national level, the relevant financial supervisors shall coordinate their participation within the joint supervisory team.
1. The Authority may request the financial supervisors to modify the appointments of members of a joint supervisory team they have made if appropriate for the purpose of its adequate composition.

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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.