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Amendments proposed by VID for the Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on preventive restructuring frameworks, second chance and measures to increase the efficiency
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The adoption of form proposal is a formal request submitted to regulatory agencies for approval of a specific form or set of forms that an entity intends to use for compliance with regulatory requirements.
Entities that wish to implement a new form or modify an existing form for reporting or compliance purposes are required to file an adoption of form proposal.
To fill out an adoption of form proposal, complete the required sections detailing the proposed form, the purpose, any necessary supporting documentation, and submit it to the relevant regulatory body according to their guidelines.
The purpose of an adoption of form proposal is to seek approval for a new or revised form that will improve compliance, reporting accuracy, or efficiency in fulfilling regulatory obligations.
Information that must be reported includes the form's purpose, the target audience, a description of changes made, and how the new form will be implemented and used.
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