Source: OJ L 150, 9.6.2023, pp. 1–39

Article 34 Committee procedure

Summary What does Article 34 of the Transfer of funds regulation (TFR) say?

This is a brief procedural article that establishes the committee arrangement supporting the Commission in its work under this Regulation.

It designates the Committee on the Prevention of Money Laundering and Terrorist Financing as the body to assist the Commission, and anchors it within the standard EU comitology framework under Regulation (EU) No 182/2011.

This article connects directly to other articles in the Regulation where the Commission is empowered to adopt implementing acts, providing the formal mechanism through which that process operates.

Important points:

The Commission is assisted by the Committee on the Prevention of Money Laundering and Terrorist Financing when exercising its powers under this Regulation.
The Committee operates as a comitology committee within the meaning of Regulation (EU) No 182/2011.
The examination procedure under Article 5 of Regulation (EU) No 182/2011 applies where referenced in this Regulation.

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

1. The Commission shall be assisted by the Committee on the Prevention of Money Laundering and Terrorist Financing. That Committee shall be a committee within the meaning of Regulation (EU) No 182/2011.
1. Where reference is made to this paragraph, Article 5 of Regulation (EU) No 182/2011 shall apply.

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.

Relevant recitals