Source: AMLA final report draft
- Anti-money laundering
AMLAR supplemental acts
- ITS on cooperation for the purposes of direct supervision
Article 15 Establishment and composition of the joint supervisory teams
This is a draft act
This text has been parsed from the AMLA final report draft as published on 21 July 2026. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.
Earlier drafts: AMLA consultation paper draft (16 December 2025)
Summary What does Article 15 of the ITS on cooperation for the purposes of direct supervision say?
This article addresses a specific coordination challenge that arises within the joint supervisory team (JST) framework established elsewhere in the regulation: what happens when multiple national financial supervisors share responsibility for the same selected obliged entity.
It sets out both a duty for those supervisors to coordinate their involvement in the JST, and a power for the Authority to intervene in the team's composition where necessary.
Important points:
- Where multiple financial supervisors are responsible for a selected obliged entity at national level, those supervisors are required to coordinate their participation within the joint supervisory team.
- The Authority has the power to request that financial supervisors modify JST member appointments to ensure the team is adequately composed.
- This article complements Article 13 and Article 14, which govern JST coordination and information sharing, by addressing the specific scenario of overlapping national supervisory responsibilities.
Springlex's summary of the article is a reading aid, not a substitute for the legal text.
Where more than one financial supervisor is responsible for supervision of the selected obliged entity at national level, the relevant financial supervisors shall coordinate their participation within the joint supervisory team.
The Authority may request the financial supervisors to modify the appointments of members of a joint supervisory team where appropriate for its adequate composition.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
supervisor