AMLA Regulation
Navigation log
Table of Contents
Chapter I – Establishment, legal status and definitions
Chapter II – Tasks and powers of the authority
Chapter III – Organisation of the authority
Chapter IV – Financial provisions
Chapter V – Staff and cooperation
Chapter VI – General and final provisions
Recitals (89)
Annexes
Recital 34
(34) The Authority should also be able to settle disagreements between financial supervisors concerning the measures to be taken in relation to a non-selected obliged entity in the financial sector. In order to ensure constructive cooperation, the Authority should in the first instance attempt to resolve the disagreement through a conciliation phase with a set time limit. In the event that the conciliation phase does not achieve the desired results, the Authority should be able to adopt a binding decision requiring those supervisors to take specific action or to refrain from certain action, in order to settle the matter and to ensure compliance with Union law.