Introductory text
United Kingdom
Commission Decision (EU) 2015/766
of 12 May 2015
updating Annex A to the Monetary Agreement between the European Union and the Principality of Monaco
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Monetary Agreement of 29 November 2011 between the European Union and the Principality of Monacof1, and in particular Article 11(3) thereof,
Whereas:
(1)
Article 11(2) of the Monetary Agreement between the European Union and the Principality of Monaco (hereinafter ‘the Monetary Agreement’) requires the Principality of Monaco to apply the same rules as those established in the French Republic for the purposes of transposing Union legal acts concerning the activities and prudential regulation of credit institutions and the prevention of systemic risks to payment and securities settlement systems contained in Annex A to the Monetary Agreement.
(2)
Annex A to the Monetary Agreement needs to be amended by the Commission upon amendment of any relevant texts and also each time a new text is adopted by the Union.
(3)
The amendment of Annex A to the Monetary Agreement should also take into account the legal acts and rules that have been repealed.
(4)
Legal acts adopted by the European Union by 31 July 2014 should be taken into account.
(5)
Annex A to the Monetary Agreement should therefore be amended accordingly,
HAS ADOPTED THIS DECISION: