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Anjum Shabbir
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12th February 2020
Banking & Finance

New Rules of Procedure for Appeals against European Supervisory Authorities

The Joint Board of Appeal of the three European Supervisory Authorities (ESAs) has made public its new rules of procedure, which replace the ones previously in force. These rules are applicable to appeals against decisions of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Agency (ESMA).

The Joint Board of Appeal is part of the ESAs, although it adopts its decisions in an independent manner. Its purpose is to provide an independent right of appeal for certain ESA decisions. The Board was established under the founding Regulations of the three ESAs, namely Regulation 1093 of 2010 (EBA), Regulation 1094 of 2010 (EUIPO), and Regulation 1

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