Regulatory Technical Standard
From ACT Wiki
(RTS).
EU legislation commonly provides for technical definitions, procedures etc. not to be set in the primary, framework legislation (Directive or Regulation) but in these Standards recommended to the Commission by European Supervisory Authorities such as the European Banking Authority or the European Securities and Markets Authority and adopted by the Commission.
See also
- Directive
- EMIR as an example
- Regulation
- TS
