1. European
  2. Legislation (EU)
  3. EU Regulations
  4. 2014
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  1. Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17)
  2. Part II Organisation of the SSM (art. 3-18)
  3. Title 3 Procedures for the right of establishment and freedom to provide services (arts. 11-17)
  4. Chapter 2 Procedures for the right of establishment and freedom of credit institutions established in non-participating Member States to provide services within the SSM (arts. 13-16)
  5. Article 14 Competent authority of the host Member State for branches
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Version status: Entered into force | Document consolidation status: No known changes
Version date: 15 May 2014 - onwards
  Version 2 of 2    

Article 14 Competent authority of the host Member State for branches

1. In accordance with Article 4(2) of the SSM Regulation, the ECB shall exercise the powers of the competent authority of the host Member State where a branch is significant within the meaning of Article 6(4) thereof.

2. Where a branch is less significant within the meaning of Article 6(4) of the SSM Regulation, the NCA of the participating Member State where the branch is established shall exercise the powers of the competent authority of the host Member State.

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