ARTICLE
19 September 2014

EBA Decision Adopting Rules Of Procedure For Investigation Of Breach Of Union Law

SS
Shearman & Sterling LLP

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The EBA published its decision (dated July 14, 2014) adopting rules of procedure for investigating breach of union law under the regulation establishing the EBA.
European Union Finance and Banking

On September 3, 2014, the EBA published its decision (dated July 14, 2014) adopting rules of procedure for investigating breach of union law under the regulation establishing the EBA, under which the EBA may investigate an alleged breach or non-application of Union law by regulators. The decision sets out the scope and application of the rules of procedure and the criteria to be taken into account for requests to initiate investigations by third parties and replaces the decision of the EBA of July 5, 2012 concerning the Internal Processing Rules on Investigation. The Rules entered into force on July 15, 2014.

The EBA decision is available at: http://www.eba.europa.eu/documents/10180/15718/EBA+DC+100+%28 Decision+on+Rules+of+Procedure+for+Investigation+of+Breach+of+Union+Law%29.pdf/22650774-0ff2-42e7-bfca-b163fc2c95ae.

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