1. European
  2. Legislation (EU)
  3. EU Regulations
  4. 2014
Date-stamp loading
  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 3 Determining significance on the basis of size (arts. 50-55)
  4. Article 52 Basis for determining significance on the basis of size in specific or exceptional circumstances
Previous Next
Version status: Entered into force | Document consolidation status: No known changes
Version date: 15 May 2014 - onwards
  Version 2 of 2    

Article 52 Basis for determining significance on the basis of size in specific or exceptional circumstances

1. If, in respect of a less significant supervised entity, there is an exceptional substantial change in circumstances relevant for determining significance on the basis of the size criterion, the relevant NCA shall review whether or not the size threshold continues to be met.

If such a change occurs in respect of a significant supervised entity, the ECB shall review whether or not the size threshold continues to be met.

An exceptional substantial change in circumstances relevant for determining significance on the basis of the size criterion shall include any of the following:

(a) the merger of two or more credit institutions,

(b) the sale or transfer of a substantial business division,

(c) the transfer of shares in a credit institution such that it no longer belongs to a supervised group to which it belonged prior to the sale,

(d) the final decision to carry out an orderly winding up of the supervised entity (or group),

(e) comparable factual situations.

2. A less significant supervi

…
Comparing proposed amendment...
Previous Next