1 Amendments of Astrid LULLING related to 2012/0242(CNS)
Amendment 568 #
Proposal for a regulation
Article 5 – paragraph 3
Article 5 – paragraph 3
3. The ECB shall organise the practical modalities of implementation of paragraph 2 by the national supervisory authorities in discharging its tasks. ItThe ECB shall clearly define the framework and conditions under which national competent authorities shall carry out those activities, whereby the national competent authorities of all participating Member States shall be treated on an equal footing. The ECB shall also ensure that any delegation of supervisory power preserves the balance of powers between home and host national authorities reflected in the Regulation (EU) No ..../2012 and in the Directive …/…./EU of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms.