Directive 2006/49/EC of the European Parliament and of the Council (repealed)Show full title

Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast) (repealed)

Article 41U.K.

1.The Commission shall decide on any technical adaptations in the following areas [F1in accordance with the procedure referred to in Article 42(2)]:

(a)clarification of the definitions in Article 3 in order to ensure uniform application of this Directive;

(b)clarification of the definitions in Article 3 to take account of developments on financial markets;

(c)adjustment of the amounts of initial capital prescribed in Articles 5 to 9 and the amount referred to in Article 18(2) to take account of developments in the economic and monetary field;

(d)adjustment of the categories of investment firms in Article 20(2) and (3) to take account of developments on financial markets;

(e)clarification of the requirement laid down in Article 21 to ensure uniform application of this Directive;

(f)alignment of terminology on and the framing of definitions in accordance with subsequent acts on institutions and related matters;

(g)adjustment of the technical provisions in Annexes I to VII as a result of developments on financial markets, risk measurement, accounting standards or requirements which take account of Community legislation or which have regard to convergence of supervisory practices; or

(h)technical adaptations to take account of the outcome of the review referred to in Article 65(3) of Directive 2004/39/EC.

[F22. The measures referred to in paragraph 1 shall be adopted by means of delegated acts in accordance with Article 42a, and subject to the conditions of Articles 42b and 42c.]

Textual Amendments