AI Summary of Article 57 Sub-Committees
The Joint Committee may establish sub‑committees to prepare draft joint positions and common acts. Each sub‑committee shall be composed of the individuals referred to in Article 55(1) and one high‑level representative from the current staff of the relevant competent authority from each Member State. Each sub‑committee shall elect a chairperson from among the representatives of the relevant competent authorities, who shall also be an observer in the Joint Committee.
For the purposes of Article 56, a sub‑committee on financial conglomerates to the Joint Committee shall be established. The Joint Committee shall publish on its website all established sub‑committees, including their mandates and a list of their members with their respective functions in the sub‑committee.
Article 57 Sub-Committees
1. The Joint Committee may establish sub-committees for the purposes of preparing draft joint positions and common acts for the Joint Committee.
2. Each sub-committee shall be composed of the individuals referred to in Article 55(1), and one high-level representative from the current staff of the relevant competent authority from each Member State.
3. Each sub-committee shall elect a chairperson from among the representatives of the relevant competent authorities, who shall also be an observer in the Joint Committee.
4. For the purposes of Article 56, a sub-committee on financial conglomerates to the Joint Committee shall be established.
5. The Joint Committee shall make public on its website all established sub-committees including their mandates and a list of their members with their respective functions in the sub-committee.