Article 47: Binding corporate rules

Article 47.01

The competent supervisory authority shall approve binding corporate rules in accordance with the consistency mechanism set out in  Article 63 , provided that they: (a) Are legally binding and apply to and are enforced by every member concerned of ...

Article 47.02

The binding corporate rules referred to in paragraph 1 shall specify at least: (a) The structure and contact details of the group of undertakings, or group of enterprises engaged in a joint economic activity and of each of its members; (b) The data...

Article 47.03

1 The Commission may specify the format and procedures for the exchange of information between controllers, processors and supervisory authorities for binding corporate rules within the meaning of this Article. 2 Those implementing acts shall be adopted ...