Directive 2006/49/EC of the European Parliament and of the Council (repealed)Show full title

Article 42 U.K.

1. The Commission shall be assisted by the European Banking Committee established by Commission Decision 2004/10/EC(1) of 5 November 2003 (hereinafter referred to as ‘the Committee’).

F1 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F2 3. By 31 December 2010 , and, thereafter, at least every three years, the Commission shall review the provisions concerning its implementing powers and present a report to the European Parliament and to the Council on the functioning of those powers. The report shall examine, in particular, the need for the Commission to propose amendments to this Directive in order to ensure the appropriate scope of the implementing powers conferred on the Commission. The conclusion as to whether or not amendment is necessary shall be accompanied by a detailed statement of reasons. If necessary, the report shall be accompanied by a legislative proposal to amend the provisions conferring implementing powers on the Commission.]

Textual Amendments

F1 Deleted by Directive 2010/76/EU of the European Parliament and of the Council of 24 November 2010 amending Directives 2006/48/EC and 2006/49/EC as regards capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies (Text with EEA relevance).

F2 Substituted by Directive 2008/23/EC of the European Parliament and of the Council of 11 March 2008 amending Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions, as regards the implementing powers conferred on the Commission.

(1)

OJ L 3, 7.1.2004, p. 36.