TITLE VI
POWERS OF EXECUTION
Article 150
1. Without prejudice, regarding own funds, to the
proposal that the Commission is to submit pursuant to Article
62, the technical adjustments in the following areas shall
be adopted in accordance with the procedure referred to in Article
151(2):
(a) clarification of the definitions in order to
take account, in the application of this Directive, of developments
on financial markets;
(b) clarification of the definitions to ensure
uniform application of this Directive;
(c) the alignment of terminology on, and the framing
of definitions in accordance with, subsequent acts on
credit institutions and related matters;
(d) technical adjustments to the list in Article 2;
(e) alteration of the amount of initial capital
prescribed in Article 9 to take account of developments in the
economic and monetary field;
(f) expansion of the content of the list referred to
in Articles 23 and 24 and set out in Annex I or adaptation of
the terminology used in that list to take account of
developments on financial markets;
(g) the areas in which the competent authorities
shall exchange information as listed in Article 42;
(h) technical adjustments in Articles 56 to 67 and
in Article 74 as a result of developments in accounting standards
or requirements which take account of Community
legislation or with regard to convergence of supervisory
practices;
(i) amendment of the list of exposure classes in
Articles 79 and 86 in order to take account of developments on financial markets;
(j) the amount specified in Article 79(2)(c),
Article 86(4)(a), Annex VII, Part 1, point 5 and Annex VII, Part 2,
point 15 to take into account the effects of inflation;
(k) the list and classification of off‑balance‑sheet
items in Annexes II and IV and their treatment in the
determination of exposure values for the purposes of Title V,
Chapter 2, Section 3; or
(l) adjustment of the provisions in Annexes V to XII
in order to take account of developments on financial markets
(in particular new financial products) or in accounting standards or requirements which take account of
Community legislation, or with regard to convergence of
supervisory practice.
2. The Commission may adopt the following
implementing measures in accordance with the procedure referred
to in Article 151(2):
(a) specification of the size of sudden and
unexpected changes in the interest rates referred to in Article 124(5);
(b) a temporary reduction in the minimum level of
own funds laid down in Article 75 and/or the risk weights laid
down in Title V, Chapter 2, Section 3 in order to take
account of specific circumstances;
(c) without prejudice to the report referred to in
Article 119, clarification of exemptions provided for in Articles
111(4), 113, 115 and 116;
(d) specification of the key aspects on which
aggregate statistical data are to be disclosed under Article
144(1)(d); or
(e) specification of the format, structure, contents
list and annual publication date of the disclosures provided
for in Article 144.
3. None of the implementing measures enacted may
change the essential provisions of this Directive.
4. Without prejudice to the implementing measures
already adopted, upon expiry of a two‑year
period following the adoption of this Directive, and by 1 April 2008 at
the latest, the application of the provisions of this Directive
requiring the adoption of technical rules, amendments and
decisions in accordance with paragraph 2 shall be suspended.
Acting on a proposal from the Commission and in accordance with
the procedure laid down in Article 251 of the Treaty,
the Parliament and the Council may renew those provisions and, to
that end, shall review them prior to the expiry of the period
or by the date referred to in this paragraph, whichever the
earlier.
Article 151
1. The Commission shall be assisted by the European
Banking Committee established by Commission Decision
2004/10/EC (1).
2. Where reference is made to this paragraph, the
procedure laid down in Article 5 of Decision 1999/468/EC shall
apply, having regard to the provisions of Article 7(3) and
Article 8 thereof.
The period laid down in Article 5(6) of Decision
1999/468/EC shall be three months.
3. The Committee shall adopt its Rules of Procedure.
