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Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (EIOPA Regulation)RecitalsChapter I Establishment and legal status (arts. 1-7)Article 1 Establishment and scope of actionArticle 2 European System of Financial SupervisionArticle 3 Accountability of the AuthoritiesArticle 4 DefinitionsArticle 5 Legal statusArticle 6 CompositionArticle 7 SeatChapter II Tasks and powers of the Authority (arts. 8-39)Article 8 Tasks and powers of the AuthorityArticle 9 Tasks related to consumer protection and financial activitiesArticle 9a No action lettersArticle 10 Regulatory technical standardsArticle 11 Exercise of the delegationArticle 12 Revocation of the delegationArticle 13 Objections to regulatory technical standardsArticle 14 Non-endorsement or amendment of draft regulatory technical standardsArticle 15 Implementing technical standardsArticle 16 Guidelines and recommendationsArticle 16a OpinionsArticle 16b Questions and answersArticle 17 Breach of Union lawArticle 17a Protection of reporting personsArticle 18 Action in emergency situationsArticle 19 Settlement of disagreements between competent authorities in cross-border situationsArticle 20 Settlement of disagreements between competent authorities across sectorsArticle 21 Colleges of supervisorsArticle 22 General provisions on systemic riskArticle 23 Identification and measurement of systemic riskArticle 24 Permanent capacity to respond to systemic risksArticle 25 Recovery and resolution proceduresArticle 26 Development of a European network of national insurance guarantee schemesArticle 27 Crisis prevention, management and resolutionArticle 28 Delegation of tasks and responsibilitiesArticle 29 Common supervisory cultureArticle 29a Union strategic supervisory prioritiesArticle 30 Peer reviews of competent authoritiesArticle 31 Coordination functionArticle 31a Information exchange on fitness and proprietyArticle 32 Assessment of market developments, including stress testsArticle 33 International relations including equivalenceArticle 34 Other tasksArticle 35 Collection of informationArticle 35a Exchange of information between authorities and with other entitiesArticle 35b Integrated reporting systemArticle 36 Relationship with the ESRBArticle 37 Insurance and Reinsurance Stakeholder Group and Occupational Pensions Stakeholder GroupArticle 38 SafeguardsArticle 39 Decision-making proceduresChapter III Organisation (arts. 40-53)Section 1 Board of Supervisors (arts. 40-44)Article 40 CompositionArticle 41 Internal committeesArticle 42 Independence of the Board of SupervisorsArticle 43 TasksArticle 43a Transparency of decisions adopted by the Board of SupervisorsArticle 44 Decision makingSection 2 Management Board (arts. 45-47)Article 45 CompositionArticle 45a Decision-makingArticle 45b Coordination GroupsArticle 46 Independence of the Management BoardArticle 47 TasksSection 3 Chairperson (arts. 48-50)Article 48 Appointment and tasksArticle 49 Independence of the ChairpersonArticle 49a ExpensesArticle 50 ReportSection 4 Executive Director (arts. 51-53)Article 51 AppointmentArticle 52 IndependenceArticle 53 TasksChapter IV Joint bodies of the European Supervisory Authorities (arts. 54-59)Section 1 Joint Committee of European Supervisory Authorities (arts. 54-57)Article 54 EstablishmentArticle 55 CompositionArticle 56 Joint positions and common actsArticle 57 Sub-CommitteesSection 2 Board of Appeal (arts. 58-59)Article 58 Composition and operationArticle 59 Independence and impartialityChapter V Remedies (arts. 60-61)Article 60 AppealsArticle 60a Exceeding of competence by the AuthorityArticle 61 Actions before the Court of Justice of the European UnionChapter VI Financial provisions (arts. 62-66)Article 62 Budget of the AuthorityArticle 63 Establishment of the budgetArticle 64 Implementation and control of the budgetArticle 65 Financial rulesArticle 66 Anti-fraud measuresChapter VII General provisioins (arts. 67-75)Article 67 Privileges and immunitiesArticle 68 StaffArticle 69 Liability of the AuthorityArticle 70 Obligation of professional secrecyArticle 71 Data protectionArticle 72 Access to documentsArticle 73 Language arrangementsArticle 74 Headquarters AgreementArticle 75 Participation of third countriesChapter VIII Transitioinal and final provisions (arts. 76-82)Article 76 Relationship with the Committee of European Insurance and Occupational Pensions SupervisorsArticle 77 Transitional staff provisionsArticle 78 National provisionsArticle 79 AmendmentsArticle 80 RepealArticle 81 ReviewArticle 82 Entry into forceDone at
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AI Summary of Article 64 Implementation and control of the budget

The Executive Director is the authorising officer and shall implement the Authority's annual budget. The accounting officer shall send provisional accounts to the Commission's accounting officer and to the Court of Auditors by 1 March of the following year and may provide requested information. By 1 March the accounting officer shall also send consolidation accounting information to the Commission in the required format; by 31 March it shall send the report on budgetary and financial management to the Board of Supervisors, the European Parliament, the Council and the Court of Auditors. After the Court's observations under Article 246 of the Financial Regulation, the accounting officer shall draw up final accounts and the Executive Director shall send them to the Board of Supervisors for an opinion.

By 1 July the accounting officer shall send the final accounts, with the Board's opinion, to the Commission, the European Parliament, the Council and the Court of Auditors; a reporting package shall be sent to the Commission by 15 June in a standardised format for consolidation. Final accounts shall be published in the Official Journal by 15 November. The Executive Director shall reply to the Court of Auditors' observations by 30 September and copy the reply to the Management Board and the Commission, and shall supply to the European Parliament, on request and under Article 261(3) of the Financial Regulation, information necessary for the discharge procedure. The European Parliament, following a Council recommendation by qualified majority, shall grant discharge for financial year N before 15 May of year N+2, and the Authority shall provide a reasoned opinion on the Parliament's position and other observations.

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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2020 - onwards
Version 4 of 4

Article 64 Implementation and control of the budget

1. The Executive Director shall act as authorising officer and shall implement the Authority's annual budget.

2. The Authority's accounting officer shall send the provisional accounts to the Commission's accounting officer and to the Court of Auditors by 1 March of the following year. Article 70 shall not preclude the Authority from providing to the Court of Auditors any information requested by the Court of Auditors that is within its competence.

3. The Authority's accounting officer shall send, by 1 March of the following year, the required accounting information for consolidation purposes to the accounting officer of the Commission, in the manner and format laid down by that accounting officer.

4. The Authority's accounting officer shall also send, by 31 March of the following year, the report on budgetary and financial management to the members of the Board of Supervisors, to the European Parliament, to the Council and to the Court of Auditors.

5. After receiving the observations of the Court of Auditors on the provisional accounts of the Authority in accordance with Article 246 of the Financial Regulation, the Authority's accounting officer shall draw up the Authority's final accounts. The Executive Director shall send them to the Board of Supervisors, which shall deliver an opinion on those accounts.

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