The remaining redundant or obsolete reporting and disclosure requirements stem mainly from horizontal inconsistencies in sector-specific and cross-sector legislation, or from vertical inconsistencies between Union and Member State requirements (gold plating). Other reporting requirements might be inappropriate because of business and regulatory developments. The ESAs and AMLA should therefore not only review regulatory and implementing technical standards, but should also be able to provide opinions on the functioning of legislative acts in force.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
