# Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 2: Supervisory powers

Extent: E+W+S+N.I.

1 . For the purpose of ensuring compliance with this Regulation, competent authorities shall have the powers and shall follow the procedures set out in Directive 2013/36/EU UK law and in this Regulation.
2 . For the purpose of ensuring compliance with this Regulation, the resolution authority shall have the powers and shall follow the procedures set out in the United Kingdom legislation that implemented Directive 2014/59/EU, as amended from time to time, and in this Regulation.
3 . For the purpose of ensuring compliance with the requirements concerning own funds and eligible liabilities, competent authorities and the resolution authority shall cooperate.
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/eur/2013/575/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.