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Text as of 19 Jun 2024 · Original act (Official Journal of 19 June 2024) · Same wording as today’s text.Today’s text

Article 29 — Language arrangements in direct supervision

Financial crimeLevel 1RegulationAMLAStage: AdoptedVerifiedOfficial source

29(1)

1.The Authority and the financial supervisors shall adopt arrangements for their communications within the AML/CFT supervisory system, including the language(s) to be used.

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29(2)

2.Any document which a selected obliged entity or any other natural or legal person individually subject to the Authority’s supervisory procedures submits to the Authority may be drafted in any of the official languages of the Union, chosen by the selected obliged entity or natural or legal person concerned.

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29(3)

3.The Authority, the selected obliged entities and any other legal or natural person individually subject to the Authority’s supervisory procedures may agree to exclusively use one of the official languages of the Union in their written communications, including with regard to the Authority’s supervisory decisions.

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29(4)

4.Where an agreement on the exclusive use of one language as referred to in paragraph 3 is subsequently revoked, that revocation shall only affect the aspects of the Authority’s supervisory procedure which have not yet been carried out.

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29(5)

5.Where participants in an oral hearing request to be heard in an official language of the Union other than the language of the Authority’s supervisory procedure, sufficient advance notice of that requirement shall be given to the Authority so that it can make the necessary arrangements.

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