Article 7 Entry into force and application

Summary What does Article 7 of the Criteria for designating critical service providers say?

This is a brief entry-into-force article that establishes when this Regulation becomes legally applicable.

It sets the standard commencement date as twenty days after publication in the Official Journal of the European Union, but carves out a specific exception for the Lead Overseer regarding one particular sub-criterion from Article 2, which is subject to a fixed calendar date instead.

Important points:

This Regulation enters into force twenty days after its publication in the Official Journal of the European Union.
The Lead Overseer is required to apply sub-criterion 1.4 from Article 2 as of 16 January 2025, regardless of the general entry into force date.
The deferred application of sub-criterion 1.4 applies specifically to the Lead Overseer, not to financial entities or other parties.

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

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
However, the Lead Overseer shall apply the sub-criterion 1.4 referred to in Article 2, paragraph 5, point (b) as of 16 January 2025.

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.