Examples of using Draft technical standards in English and their translations into Greek
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Financial
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Official/political
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Computer
The Commission is now to decide whether to endorse these draft technical standards.
In addition, draft technical standards further specifying the above conditions should be developed.
Moreover, the ECB stresses the need for joint ESMA-ESCB work on the development of draft technical standards.
Within three months of receipt of the draft technical standards, the Commission shall decide whether to endorse the draft standards. .
The main role of the Board of Supervisors is to take all policy decisions of the EBA,such as adopting draft technical standards, guidelines, opinions and reports.
The draft technical standards will be developed by each of the ESAs in the form of regulations or decisions( 6), and endorsed by the Commission.
It takes all policy decisions of the EBA,such as adopting draft Technical Standards, Guidelines, Opinions and Reports.
In developing those draft technical standards, ESMA shall take into account international developments and standards agreed at Union or global level.
ESMA is required to consult the SMSG on its draft technical standards and guidelines.
EBA shall submit the draft technical standards referred to in paragraphs 6 and 7 to the Commission by[nineten months from the date of entry into force of this Directive].
The Board takes all EBA policy decisions,including the adoption of draft technical standards, guidelines, opinions and reports.
EBA is entrusted with developing draft technical standards and guidelines and recommendations ensuring supervisory convergence and consistency of supervisory outcomes within the Union.
As a result, regulations anddecisions adopted by the Commission to endorse draft technical standards will fall under one of these two categories.
The Commission endorses the draft technical standards elaborated by EBA by means of implementing acts or delegated acts as specified in the regulation or directive(see also para- graphs 29 to 30).
The federation's position- a response to a consultation paper on the EMIR Directive's draft technical standards- was at odds with a number of other industry organisations.
In developing those draft technical standards, ESMA shall ensure that the publication of the information referred to paragraph 1 does not reveal the identity of any party to any contract.
In 2012 six guidelines, four discussion papers,14 consultation papers and 23 draft technical standards were published for public consultation, e.g. to incorporate CRD IV(see paragraph 29).
Together with the draft technical standards, the EBA has submitted an explanation on how the outcome of these consultations has been taken into account in the development of the final draft technical standards submitted to the Commission.
The Commission should, by 1 January 2014, report to the European Parliament andto the Council on the submission by the ESA of the draft technical standards provided for in this Directive and present any appropriate proposals.
Together with the draft technical standards, the EBA has submitted an explanation on how the outcome of these consultations has been taken into account in the development of the final draft technical standards submitted to the Commission.
In order to prevent the creation of fresh technical barriers to trade, therefore,the Community introduced two Community information procedures in 1983 which must be complied with prior to the adoption of any draft technical standards and regulations drawn up nationally.
O technical advice to the Commission, the draft technical standards and guidelines and recommendations concerning policy in the area of CRAs;
(a) contribute to the establishment of high quality common regulatory and supervisory standards and practices, in particular by providing opinions to the Community institutions and by developing guidelines,recommendations, and draft technical standards which shall be based on the legislation referred to in Article 1(2);
Furthermore, it has resulted in short deadlines for EBA to draft technical standards and EBA has not been able to comment on the mandates and timeliness in the legislative process in a systematic fashion.
The main role of the Board of Supervisors is to take all policy decisions of ESMA, such as decision on the compliance by national competent authorities with community legislation, interpretation of community legislation, decisions in crisis situations,the approval of draft technical standards, guidelines, peer reviews and any reports which are developed.
Together with the draft technical standards, the EBA has submitted an explanation on how the outcome of these consultations has been taken into account in the development of the final draft technical standards submitted to the Commission.
In this context the European Commission has adopted a delegated regulation(7)which, on the basis of draft technical standards submitted by the European Banking Authority, regulates aspects relating to own funds, considering the capital instruments of cooperatives and savings banks to be different.
Together with the draft technical standards, and in accordance with the third subparagraph of Article 10(1) of Regulation No(EU) 1093/2010, the EBA has submitted its Impact Assessment, including its analysis of the costs and benefits, related to the draft technical standards submitted to the Commission.
Moreover, while the ECB supports the development by the Joint Committee of ESAs of draft technical standards with regard to the methods set out in Directive 2002/87/EC, it recommends, for the sake of legal clarity and to avoid cross-sectoral inconsistencies in financial services legislation, introducing this empowerment only in Directive 2002/87/EC(32).
Furthermore, having regard to the importance of draft technical standards as part of the development of Union financial services legislation, the ECB will exercise its advisory role on matters within the ECB's competence taking into utmost account the timelines for adoption of these acts and the need to ensure the smooth adoption of implementing legislation.