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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2024 - onwards
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Article 104 Supervisory powers

1. For the purposes of Article 97, Article 98(1), (4), (5), (9) and (10), Article 101(4) and Article 102 of this Directive and of the application of Regulation (EU) No 575/2013, competent authorities shall have at least the power to:

(a) require institutions to have additional own funds in excess of the requirements set out in Regulation (EU) No 575/2013, under the conditions set out in Article 104a of this Directive;

(b) require the reinforcement of the arrangements, processes, mechanisms and strategies implemented in accordance with Articles 73 and 74;

(c) require institutions to submit a plan to restore compliance with supervisory requirements pursuant to this Directive and to Regulation (EU) No 575/2013 and set a deadline for its implementation, including improvements to that plan regarding scope and deadline;

(d) require institutions to apply a specific provisioning policy or treatment of assets in terms of own funds requirements;

(e) restrict or limit the business, including with

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