AI Summary of Article 521 Entry into force and date of application
This Regulation will come into force the day after its publication in the Official Journal of the European Union. It establishes a phased implementation timeline, commencing on 1 January 2014.
Notably, certain provisions will take effect at different intervals: notably, Articles 8(3), 21, and 451(1) from 1 January 2015, and Article 413(1) from 1 January 2016. Additionally, provisions requiring the European Supervisory Authorities (ESAs) to submit draft technical standards, as well as those empowering the Commission to adopt delegated or implementing acts, will be applicable from 28 June 2013.
Article 521 Entry into force and date of application
1. This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
2. This Regulation shall apply from 1 January 2014, with the exception of:
(a) Article 8(3), Article 21 and Article 451(1), which shall apply from 1 January 2015;
(b) Article 413(1), which shall apply from 1 January 2016;
(c) the provisions of this Regulation that require the ESAs to submit to the Commission draft technical standards and the provisions of this Regulation that empower the Commission to adopt delegated acts or implementing acts, which shall apply from 28 June 2013.