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# Recital 86

*In force · Regulation (EU) 2024/1620, OJ L, 2024/1620, 19.6.2024 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2024/1620/oj/eng)*

The Authority should assume most of its tasks and powers in accordance with this Regulation by 1 July 2025. Direct supervision of selected obliged entities should commence as of 2028. This should give the Authority sufficient time to establish its headquarter in the Member State as determined by this Regulation.