Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council
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Article 20
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EU Directives are published on this site to aid cross referencing from UK legislation. Since IP completion day (31 December 2020 11.00 p.m.) no amendments have been applied to this version.
[Article 20 U.K. Powers conferred on the Commission
The Commission shall be empowered to adopt delegated acts in accordance with Article 21c concerning the technical adaptations to be made to this Directive in the following areas:
(a)
a more precise formulation of the definitions laid down in Article 2 in order to take account of developments in financial markets for the application of this Directive;
(b)
the alignment of terminology and the framing of definitions in this Directive in accordance with subsequent Union acts on regulated entities and related matters;
(c)
a more precise definition of the calculation methods set out in Annex I in order to take account of developments on financial markets and prudential techniques.
Those measures shall not include the subject matter of the power delegated to and conferred on the Commission with regard to the items listed in Article 21a.]
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