Supervisory authority

Supervisory authority and applicable law

Supervisory authority and applicable law

SUPERVISORY AUTHORITY AND WORKING PARTY ON THE PROTECTION OF INDIVIDUALS WITH REGARD TO THE PROCESSING OF PERSONAL DATA

(f) he shall exercise supervisory authority over the personnel;

Joint Supervisory Authority

This Agreement shall not affect the application of Community legislation establishing the European GNSS Supervisory Authority and its institutional structure.

The Parties agree on a possibility for Morocco to participate in the European GNSS Supervisory Authority in accordance with the relevant rights and procedures.

The participation of any relevant Ukrainian entity to the Galileo Joint Undertaking or to the European GNSS Supervisory Authority is possible in accordance with the applicable legislation and procedures.

The modalities and procedures referred to in Article 14(4) will include an appropriate financial contribution to the GALILEO programme by the non-EU country deciding to apply to participate in the Supervisory Authority.

The Parties welcome the potential participation of Korea in the European GNSS Supervisory Authority, in accordance with the applicable European Community legislation and the modalities and procedures governing such participation.

The amount of and arrangements for the Moroccan contribution to the GALILEO programme through the European GNSS Supervisory Authority shall be the subject of a separate agreement, in compliance with the institutional arrangements of the applicable European Community legislation.

However, the application of Article 7 (2) shall be suspended if, and for so long as, the relevant institution of the European Communities has not complied with its obligation to publish the data protection rules pursuant to Article 9 or the terms of Article 11 concerning the supervisory authority have not been complied with.

The supervisory authorities of the Parties shall endeavour to establish means of appropriate co-ordination and information.

The competent authorities involved, including the coordinator, shall where appropriate coordinate their supervisory actions.

The supervisory authorities of the Contracting Parties shall endeavour to establish means of appropriate co-ordination and information.

half the members of their administrative, managerial or supervisory organ are appointed by the state, a territorial community or authority or similar body.

(14) Equivalent and appropriate supplementary supervisory arrangements can only be assumed to exist if the third-country supervisory authorities have agreed to cooperate with the competent authorities concerned on the means and objectives of exercising supplementary supervision of the regulated entities of a financial conglomerate.

(e) planning and coordination of supervisory activities in going concern as well as in emergency situations, in cooperation with the relevant competent authorities involved;

As an alternative, Member States shall allow their competent authorities to apply other appropriate supervisory techniques which achieve the objectives of the supervision on a consolidated basis of credit institutions.

Considering that this situation causes damage to the effectiveness and credibility of the Convention and its supervisory mechanism and represents a threat to the quality and the consistency of the case-law and the authority of the Court;

Without prejudice to their respective responsibilities as defined under sectoral rules, the competent authorities concerned shall, prior to their decision, consult each other with regard to the following items, where these decisions are of importance for other competent authorities' supervisory tasks:

To increase their independence and authority, the internal auditors should work on behalf of, and report directly to the board and its audit committee in onetier systems, to the supervisory board in two-tier systems or the audit boards when these exist.

(a) coordination of the gathering and dissemination of relevant or essential information in going concern and emergency situations, including the dissemination of information which is of importance for a competent authority's supervisory task under sectoral rules;

Stressing the subsidiary nature of the supervisory mechanism established by the Convention and notably the fundamental role which national authorities, i.e. governments, courts and parliaments, must play in guaranteeing and protecting human rights at the national level;

Without prejudice to their respective responsibilities as defined under sectoral rules, these authorities, whether or not established in the same Member State, shall provide one another with any information which is essential or relevant for the exercise of the other authorities' supervisory tasks under the sectoral rules and this Directive.

Member States shall authorise the exchange of the information between their competent authorities and between their competent authorities and other authorities, as referred to in paragraphs 1, 2 and 3. The collection or possession of information with regard to an entity within a financial conglomerate which is not a regulated entity shall not in any way imply that the competent authorities are required to play a supervisory role in relation to these entities on a stand-alone basis.

"Without prejudice to Article 54a, the consolidation of the financial situation of the financial holding company shall not in any way imply that the competent authorities are required to play a supervisory role in relation to the financial holding company on a stand-alone basis."

Pending further harmonisation between sectoral rules, the Member States shall provide that their competent authorities shall have the power to take any supervisory measure deemed necessary in order to avoid or to deal with the circumvention of sectoral rules by regulated entities in a financial conglomerate.

2 Such information shall in any case be disclosed only to persons or authorities (including courts and administrative or supervisory bodies) involved in the assessment, collection or recovery of, the enforcement or prosecution in respect of, or the determination of appeals in relation to, taxes of that Party.

(4) Where the appeal relates to a response to a request as referred to in Article 30 or 31, the Joint Supervisory Body shall consult the competent data protection authorities in the Member State or Operational Partner which was the source of the data or the Member States or Operational Partners directly concerned.

(a) if the entity is situated in a third country where there are legal impediments to the transfer of the necessary information, without prejudice to the sectoral rules regarding the obligation of competent authorities to refuse authorisation where the effective exercise of their supervisory functions is prevented;

Pending further coordination of Community legislation, Member States may set quantitative limits or allow their competent authorities to set quantitative limits, or take other supervisory measures which would achieve the objectives of supplementary supervision, with regard to any risk concentration at the level of a financial conglomerate.

2 Such information shall in any case be disclosed only to persons or authorities (including courts and administrative or supervisory bodies) concerned with the assessment, collection or recovery of, the enforcement or prosecution in respect of, or the determination of appeals in relation to, taxes of that Party, or the oversight of the above.

Without prejudice to Article 13, the exercise of supplementary supervision at the level of the financial conglomerate shall in no way imply that the competent authorities are required to play a supervisory role in relation to mixed financial holding companies, third-country regulated entities in a financial conglomerate or unregulated entities in a financial conglomerate, on a stand-alone basis.

Pending further coordination of Community legislation, Member States may set quantitative limits and qualitative requirements or allow their competent authorities to set quantitative limits and qualitative requirements, or take other supervisory measures that would achieve the objectives of supplementary supervision, with regard to intra-group transactions of regulated entities within a financial conglomerate.

Without prejudice to the possibility of delegating specific supervisory competences and responsibilities as provided for by Community legislation, the presence of a coordinator entrusted with specific tasks concerning the supplementary supervision of regulated entities in a financial conglomerate shall not affect the tasks and responsibilities of the competent authorities as provided for by the sectoral rules.

(1) In accordance with their national law and the Council of Europe Convention for the Protection of Persons with Regard to the Automatic Processing of Personal Data, done at Strasbourg on 28 January 1981, and the Additional Protocol to the Convention for the Protection of Persons with Regard to the Automatic Processing of Personal Data regarding supervisory authorities and trans-border data flow, done at Strasbourg on 8 November 2001, the competent authorities of the Contracting Parties shall apply the following terms and conditions for the protection of personal data exchanged within their cooperation:

The Law on Corporate Governance of Capital Investments of the Republic of Slovenia (ZUKN) was adopted on 3 May 2010. Article 10 of the Act imposes on the Capital Assets Management Agency of the Republic of Slovenia (hereinafter referred to as: »the Agency«) the obligation to adopt a code for the corporate governance of State capital investments which must stipulate the principles and rules of conduct of the Agency, the managerial and supervisory bodies of these companies and state authorities in the management of such investments.

Where the national supervisory authority ascertains that:

the national supervisory authority issuing the certificate;

"supervisory authority" means the authority referred to in Article 28 of that Directive;

Joint Supervisory Authority