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Commission Decision (EU) 2020/26Show full title
Commission Decision (EU) 2020/26 of 13 January 2020 updating Annex A to the Monetary Agreement between the European Union and the Principality of Monaco
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Commission Decision (EU) 2020/26
of 13 January 2020
updating Annex A to the Monetary Agreement between the European Union and the Principality of Monaco
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Monetary Agreement of 29 November 2011 between the European Union and the Principality of Monaco(1), and in particular Article 11(3) thereof,
Whereas:
(1) Article 11(2) of the Monetary Agreement between the European Union and the Principality of Monaco (hereinafter ‘the Monetary Agreement’) requires the Principality of Monaco to apply the same rules as those established in the French Republic for the purposes of transposing European legal acts concerning the activities and prudential regulation of credit institutions and the prevention of systemic risks to payment and securities settlement systems contained in Annex A,
(2) The update of the Annex A is made according to Article 11(3) of the Monetary Agreement which foresees that Annex A needs to be updated by the Commission upon amendment of any relevant texts and also each time a new text is adopted by the European Union,
(3) New texts have been adopted by the European Union and amendments have been made to the texts already existing in Annex A,
(4) Annex A to the Monetary Agreement should therefore be amended accordingly,
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