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New EU decision-making landscape: Delegated acts & implementing acts
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The Lisbon Treaty introduced two new articles that allow the EU Member States and European Parliament to delegate power to the European Commission to adopt delegated acts and implementing acts. For the financial services and insurance sectors, these acts introduce an additional layer of complexity to the EU legislative landscape. This briefing explains when these acts are called for, how they are adopted and how they fit into the new European financial supervisory structure.
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