Source: AMLA consultation paper draft
- Anti-money laundering
AMLAR supplemental acts
- ITS on cooperation for the purposes of direct supervision
Article 4 Collection and transmission of data points of eligible obliged entities
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 4 of the ITS on cooperation for the purposes of direct supervision say?
This article establishes the operational mechanics of the data collection process that directly feeds into the selection process introduced in Article 3.
It sets out the obligations on financial supervisors to gather specific data points from provisionally eligible obliged entities and submit them to the Authority, all within a defined timeline.
Submissions must also comply with data exchange format specifications set by the Authority, which themselves incorporate the validation and data quality checks covered in Article 5.
Important points:
- Financial supervisors are required to collect data points from provisionally eligible obliged entities, with collection completed no later than 31 March of year X and submission to the Authority no later than 31 May of year X.
- Financial supervisors of home Member States carry an additional obligation to collect and submit eligibility information alongside the data points, on the same deadlines.
- All submissions must conform to data exchange format specifications developed, maintained, and published by the Authority, which include the validation rules and data quality checks referenced in Article 5.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Financial supervisors shall collect from provisionally eligible obliged entities the information referred to in Article 5(3) of Delegated Regulation (EU) XXXX/XXX [RTS under art. 12(7) AMLAR] and in the Annex Section A and B thereof (‘data points’) as on 31 December of year X‑1. Financial supervisors of the home Member States shall, at the same time, collect the eligibility information as on 31 December of year X-1.
Financial supervisors shall complete the collections referred to in paragraph 1 no later than 31 March of year X.
Financial supervisors shall submit the data points and the financial supervisors of the home Member States the eligibility information collected from provisionally eligible obliged entities to the Authority no later than 31 May of year X.
Financial supervisors shall submit the data points and the financial supervisors of the home Member States the eligibility information to the Authority in accordance with the applicable data exchange format specifications developed, maintained and published by the Authority. The data exchange format specifications shall include the validation rules and the data quality checks referred to in Article 5(1).
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.
Definition
supervisor