What is the main legal basis for supervisory agencies (the European Supervisory Authorities)?

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Answer

Article 114 TFEU (approximation of laws for the internal market).

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Created by regulation under the ordinary legislative procedure (Art. 294), unlike executive agencies created by Commission decision.

Consolidated TFEU (EUR-Lex) — eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:12016E/TXT

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What is the main legal basis for supervisory agencies (the European Supervisory Authorities)?

Article 114 TFEU (approximation of laws for the internal market).

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