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Under contractual and administrative law, the delegation (Latin formichio) is the act of entrusting another person with responsibility for the performance of the agreed benefit in a contract. There are three parties to this act – the party who has committed to enforce it under the treaty is appointed as a delegate; The party who assumes responsibility for the performance of this task is designated as a delegate; and the part to which this benefit is due is committed. Delegation agreements are published on the AEMF website to ensure that all parties involved are properly informed. In administrative law (the law that controls state measures and decisions), a delegation is the process of handing over certain administrative measures or decisions to a subordinate. It is obtained by two mechanisms: if the delegation is without consideration, the delegate is responsible for non-performance, while the delegate is not held responsible for anything. Unlike a mission, a delegation is almost always on reflection and is never a donor – few people will accept the charitable offer to fulfill a task that has been entrusted to someone else. A parallel term to the delegation is the award that occurs when a party transfers its current rights to obtain the benefits due to the transfer of this contract. A delegation and transfer may take place simultaneously, although the right to continue non-payment remains with the delegate. According to the common law, a contractual clause prohibiting the transfer also prohibits the transfer. Another common law rule requires that a party not delegate benefits that have particular skills or a good reputation (although it is possible to innovate in such circumstances).
The aim of such a delegation is to reduce duplication in supervisory tasks, promote cooperation, streamline the monitoring process and reduce the burden on financial market players. As a result of the information on a proposed delegation agreement in paragraph v), the AEMF has the option of issuing a notice within one month (calculated in accordance with the regulation (EEC, Euratom) No. 1182/71), in accordance with Article 28, paragraph 4, of the AEMF regulation. A delegation disagrees if it threatens the economically defensible expectations of the obliged. For example, a task requiring specific skills or based on the unique characteristics of the promise cannot be delegated. If a particular celebrity was hired to give a speech, they could not delegate the task to another person, even if the other person would make the same speech, word for word. However, a transfer of power that does not constitute such a threat is considered valid. In this case, the obliged is obliged to cooperate with the delegate, as long as it is necessary to comply with the delegate`s obligations, which are concerned with strengthening supervision, both for the EU supervisory authorities and for the players in the financial markets.
One of the instruments for achieving this is the transfer of tasks and responsibilities from one competent national authority (ACA) to another or to the AEMF. APPROVAL PROCEDURE FOR THE DELEGATION AGREEMENT WITH THE TEXAS INSURANCE UNIT AND THE 2010 DIVISION OF TEXAS RELIABILITY ENTITY 2010 AND BUDGET 42VI. REQUEST FOR RAPID REVIEW AND APPROVAL44VI. CONCLUSION45 ATTACHMENTS 1: Proposed amended and revised delegation agreement between NERC and Texas Reliability Entity, Inc.