The Standards Initiative: Implementing
the workplan for strengthening the
supervisory system - Progress report
Report on progress, following consultations with the tripartite constituents, to implement the
revised workplan for the strengthening of the supervisory system. The document presents concrete
options concerning the actions prioritized for examination by the Governing Body – operation of the article 24 procedure (action 2.2); the streamlining of reporting (action 3.1); and the potential of article 19, paragraphs 5(e) and 6(d) (action 4.3) – and seeks guidance on actions concerning a regular conversation between the supervisory bodies (action 1.2); codification of the article 26
procedure (action 2.1); and further steps to ensure legal certainty (action 2.3) (see draft decision in paragraph 72).
NOTE: In the revised version, some references to other parts of the text have been corrected in the draft decision (paragraph 72).