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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 IV Determining the status of a supervised entity as significant or less significant (arts. 39-72)
  3. Title 1 General provisions relating to the classification as significant or less significant (arts. 39-42)
  4. Article 41 Specific provisions in respect of branches of credit institutions established in non-participating Member States
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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 41 Specific provisions in respect of branches of credit institutions established in non-participating Member States

1. All branches opened in the same participating Member State by a credit institution which is established in a nonparticipating Member State shall be deemed to be a single supervised entity for the purposes of this Regulation.

2. Branches opened in different participating Member States by a credit institution which is established in a nonparticipating Member State shall be treated individually as separate supervised entities for the purposes of this Regulation.

3. Without prejudice to paragraph 1, branches of a credit institution which is established in a non-participating Member State shall be assessed individually as separate supervised entities, and separately from subsidiaries of the same credit institution, when determining whether any of the criteria provided for in Article 6(4) of the SSM Regulation is fulfilled.

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