(6)

The following articles are inserted: ‘Article 21a Revocation of the delegation 1. The delegation of powers referred to in Article 20(1) may be revoked at any time by the European Parliament or by the Council. 2. The institution which has commenced an internal procedure for deciding whether to revoke the delegation of powers shall endeavour to inform the other institution and the Commission within a reasonable time before the final decision is taken, indicating the delegated powers which could be subject to revocation. 3. The decision of revocation shall put an end to the delegation of the powers specified in that decision. It shall take effect immediately or at a later date specified therein. It shall not affect the validity of the delegated acts already in force. It shall be published in the Official Journal of the European Union. Article 21b Objections to delegated acts 1. The European Parliament or the Council may object to a delegated act within a period of three months from the date of notification. At the initiative of the European Parliament or the Council this period may be extended by three months. 2. If, on the expiry of that period neither the European Parliament nor the Council has objected to the delegated act, it shall be published in the Official Journal of the European Union and shall enter into force at the date stated therein. The delegated act may be published in the Official Journal of the European Union and enter into force before the expiry of that period if the European Parliament and the Council have both informed the Commission of their intention not to raise objections. 3. If the European Parliament or the Council objects to a delegated act, it shall not enter into force. In accordance with Article 296 TFEU, the institution which objects shall state the reasons for objecting to the delegated act. Article 21c Technical Standards 1. In order to ensure consistent harmonisation and uniform application of this Directive, the European Supervisory Authorities, in accordance with Articles 42 of Regulation (EU) No …/2010 [EBA] , Regulation (EU) No …/2010 [EIOPA] , and Regulation (EU) No …/2010 [ESMA] may develop ▐: (a) draft regulatory standards with regard to Article 2(11) in order to specify the ▐ application of Article 17 of Council Directive 78/660/EEC (23) in the context of this Directive; (b) draft regulatory standards with regard to Article 2(17) in order to establish procedures or specify criteria for the determination of “relevant competent authorities”; (c) draft regulatory standards with regard to Article 3(5) in order to specify the alternative parameters for the identification of a financial conglomerate; (d) draft implementing standards with regard to Article 6(2) in order to ensure uniform application of the calculation methods listed in Annex I part II, but without prejudice to Article 6(4); (e) draft implementing standards with regard to Article 7(2) in order to ensure uniform application of the procedures for including the items within the scope of the definition of “risk concentrations” in the supervisory overview referred to in the second subparagraph of that Article ; (f) draft implementing standards with regard to Article 8(2) in order to ensure uniform application of the procedures for including the items within the scope of the definition of “intra group transactions” in the supervisory overview referred to in the third subparagraph of that Article . 2. Power is delegated to the Commission to adopt the draft regulatory standards referred to in points (a), (b) and (c) of paragraph 1 in accordance with the procedure laid down in Articles 7 to 7d of Regulation (EU) No …/2010 [EBA], of Regulation (EU) No …/2010 [EIOPA], and of Regulation (EU) No …/2010 [ESMA]. Power is conferred on the Commission to adopt the draft implementing technical standards referred to in points (d), (e) and (f) of paragraph 1 in accordance with Article 7e of Regulation (EU) No …/2010 [EIOPA], and of Regulation (EU) No …/2010 [ESMA] .’.