The supervisory responsibilities of the ECB differ depending on whether a credit institution is a significant or a less significant entity. For some procedures however, referred to as common procedures, the ECB is competent regardless of the significance of the institution concerned. Those procedures are described in the first part of this chapter. The second part covers the procedures and criteria used to assess the significance of the institutions on both a regular and an ad hoc basis.

Figure 10 Common procedures

3.1 Assessing requests for authorisations for proposed acquisitions of qualifying holdings in a credit institution and passporting

SSMR Articles 4(1) and 14(5) and(6)

CRD Articles 18, 20 and 45

SSMFR Article 79 and Part V