Implementing Technical Standard
ESA Regulations (e.g., Regulation (EU) No 1093/2010) · Article 15
EU-regulatory-framework
ESA
implementing-acts
Definition
A binding act adopted by the European Commission on the basis of a draft submitted by a European Supervisory Authority (EBA, ESMA, or EIOPA). ITS specify uniform conditions for the application of EU legislative acts — typically prescribing formats, templates, and procedures — and are binding across all Member States. Unlike RTS (which are delegated acts under Article 290 TFEU), ITS are implementing acts under Article 291 TFEU and do not change substantive policy.
Related Terms
RTS
Regulatory Technical Standard — A delegated act adopted by the European Commission on the basis of a draft prepared by a European Supervisory Authority (EBA, ESMA, or EIOPA).
NCANational Competent Authority — The national authority designated by each EU Member State to supervise financial entities and enforce EU financial regulation.
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