Source: OJ L, 2025/297, 13.2.2025Current language: EN
Article 5 Conclusion of the written agreement referred to in Article 119(6) of Regulation (EU) 2023/1114
Summary What does Article 5 of the RTS on consultative supervisory colleges say?
This article sets out the process by which EBA manages the drafting and finalisation of the written coordination and cooperation agreement for the supervisory college, as referenced in Article 119(6) of Regulation (EU) 2023/1114.
It establishes a structured consultation loop: EBA proposes, members respond, EBA considers those responses, and the finalised agreement is then communicated back to the college members.
Important points:
- EBA is required to share its draft written agreement with college members and allow 10 calendar days for them to submit their views.
- EBA must consider all views and reservations raised by college members, and where it chooses not to incorporate them, it must provide reasons.
- EBA is required to communicate the final written coordination and cooperation arrangements to all college members once the agreement is concluded.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
EBA shall communicate its proposal on the written agreement referred to in Article 119(6) of Regulation (EU) 2023/1114 to the members of the college determined in accordance with Article 119(2) of that Regulation, inviting them to provide their views within 10 calendar days.
For the purposes of finalising the written agreement referred to in paragraph 1, EBA shall take into account any views and reservations expressed by the members of the college. EBA shall provide reasons for not incorporating such views or reservations in the written agreement.
Upon finalising the written agreement referred to in paragraph 1, EBA shall communicate the written coordination and cooperation arrangements to the members of the college.
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