1. European
  2. Legislation (EU)
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  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 IV Determining the status of a supervised entity as significant or less significant (arts. 39-72)
  3. Title 6 Determining significante on the basic of a request for or the receipt of public financial assistance from the ESM (arts. 61-64)
  4. Article 63 Beginning and end of direct supervision
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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 63 Beginning and end of direct supervision

1. A supervised entity in respect of which direct public financial assistance is requested from the ESM or which has received direct public financial assistance from the ESM shall be classified as a significant supervised entity from the date on which direct public financial assistance was requested on its behalf.

2. The date on which the ECB shall assume the direct supervision shall be specified in an ECB decision in accordance with Title 2.

3. Article 52(3) shall apply accordingly.

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