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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 4 Determining significance on the basic of importance for the economy of the Union or any participating Member State (arts. 56-58)
  4. Article 57 Criteria for determining significance on the basis of importance for the economy of the Union or any participating Member State
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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 57 Criteria for determining significance on the basis of importance for the economy of the Union or any participating Member State

1. The ECB shall take into account the following criteria, in particular, when assessing whether or not a supervised entity or a supervised group is significant for the economy of the Union or a participating Member State for reasons other than those set out in Article 56:

(a) the significance of the supervised entity or supervised group for specific economic sectors in the Union or a participating Member State;

(b) the interconnectedness of the supervised entity or supervised group with the economy of the Union or a participating Member State;

(c) the substitutability of the supervised entity or supervised group as both a market participant and client service provider;

(d) the business, structural and operational complexity of the supervised entity or supervised group.

2. Article 52(3) shall apply accordingly.

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