Directive 2000/12/EC of the European Parliament and of the CouncilShow full title

TITLE VII U.K. POWERS OF EXECUTION

Article 60 U.K. Technical adaptations

1. Without prejudice, regarding own funds, to the report referred to in the second subparagraph of Article 34(3), the technical adaptations in the following areas shall be adopted in accordance with the procedure laid down in paragraph 2:

• clarification of the definitions in order to take account in the application of this Directive of developments on financial markets,

• clarification of the definitions to ensure uniform application of this Directive in the Community,

• the alignment of terminology on and the framing of definitions in accordance with subsequent acts on credit institutions and related matters,

• the definition of ‘Zone A’ in Article 1(14),

• the definition of ‘multilateral development banks’ in Article 1(19),

• alteration of the amount of initial capital prescribed in Article 5 to take account of developments in the economic and monetary field,

• expansion of the content of the list referred to in Articles 18 and 19 and set out in Annex I or adaptation of the terminology used in that list to take account of developments on financial markets,

• the areas in which the competent authorities must exchange information as listed in Article 28,

• amendment of the definitions of the assets listed in Article 43 in order to take account of developments on financial markets,

• the list and classification of off-balance-sheet items in Annexes II and IV and their treatment in the calculation of the ratio as described in Articles 42, 43 and 44 and Annex III,

• a temporary reduction in the minimum ratio prescribed in Article 47 or the weighting prescribed in Article 43 in order to take account of specific circumstances,

• clarification of exemptions provided for in Article 49(5) to (10).

[F1 2. The Commission shall be assisted by the European Banking Committee instituted by Commission Decision 2004/10/EC (1) (hereinafter referred to as the Committee).

Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.

The period laid down in Article 5(6) of Decision 1999/468/EC shall be set at three months.

The Committee shall adopt its rules of procedure.]

Textual Amendments

F1 Substituted by Directive 2005/1/EC of the European Parliament and of the Council of 9 March 2005 amending Council Directives 73/239/EEC, 85/611/EEC, 91/675/EEC, 92/49/EEC and 93/6/EEC and Directives 94/19/EC, 98/78/EC, 2000/12/EC, 2001/34/EC, 2002/83/EC and 2002/87/EC in order to establish a new organisational structure for financial services committees (Text with EEA relevance).

(1)

[F1 OJ L 3, 7.1.2004, p. 36 .]

Textual Amendments

F1 Substituted by Directive 2005/1/EC of the European Parliament and of the Council of 9 March 2005 amending Council Directives 73/239/EEC, 85/611/EEC, 91/675/EEC, 92/49/EEC and 93/6/EEC and Directives 94/19/EC, 98/78/EC, 2000/12/EC, 2001/34/EC, 2002/83/EC and 2002/87/EC in order to establish a new organisational structure for financial services committees (Text with EEA relevance).