Article 50 Exercice de la délégation

Summary What does Article 50 of the Anti-money laundering authority regulation (AMLAR) say?

This short article governs the delegation of power to the Commission to adopt the regulatory technical standards described in Article 49.

It sets the initial duration of that delegation at four years from 26 June 2024, establishes that the delegation automatically renews for identical periods, and requires the Commission to report on the exercise of that power before each period expires.

It also imposes a notification requirement on the Commission and confirms that the delegation operates within the boundaries set by Articles 49, 51 and 52.

Important points:

The Commission is granted the power to adopt regulatory technical standards for an initial four-year period from 26 June 2024, automatically extended for equal periods thereafter.
The Commission is required to draw up a report on the delegated power no later than six months before the end of each four-year period.
The Commission shall notify the European Parliament and the Council simultaneously as soon as a regulatory technical standard is adopted.

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

1. Le pouvoir d’adopter des normes techniques de réglementation visé à l’article 49 est conféré à la Commission pour une période de quatre ans à compter du 26 juin 2024. La Commission élabore un rapport relatif aux pouvoirs délégués au plus tard six mois avant l’expiration de la période de quatre ans. La délégation de pouvoir est tacitement prorogée pour des périodes d’une durée identique.
1. Aussitôt qu’elle adopte une norme technique de réglementation, la Commission la notifie au Parlement européen et au Conseil simultanément.
1. La Commission est habilitée à adopter les normes techniques de réglementation sous réserve des conditions énoncées aux articles 49, 51 et 52.

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