Article 1, Point 2. · ECB/2021/36

Contents

2.Article 3 is amended as follows:

(a)paragraph 3 is replaced by the following:‘3.Passporting, qualifying holding and withdrawal decisions shall not be adopted by means of a delegated decision if the complexity of the assessment or the sensitivity of the matter requires that they are adopted under the non-objection procedure.’;

(b)paragraph 4 is replaced by the following:‘4.The delegation of decision-making powers pursuant to paragraph 1 shall apply to:

(a)the ECB’s adoption of supervisory decisions;

(b)the ECB’s approval of positive assessments where a supervisory decision is not required;

(c)the ECB’s adoption of instructions addressed, pursuant to Article 7 of Regulation (EU) No 1024/2013, to the national competent authorities with which the ECB has established close cooperation.’;

(c)the following paragraph 7 is added:‘7.Heads of work units shall submit a passporting, qualifying holding or withdrawal decision that fulfils the criteria for the adoption of delegated decisions set out in Articles 4 to 6 to the Supervisory Board and the Governing Council for adoption under the non-objection procedure if the supervisory assessment of that decision has a direct impact on the supervisory assessment of another decision which is to be adopted under the non-objection procedure.’;