(1)Pursuant to amendments to Directive 2013/36/EU of the European Parliament and of the Councilnote that were introduced by Directive (EU) 2024/1619 of the European Parliament and Councilnote, supervisors of credit institutions have at their disposal all the supervisory powers enabling them to cover the material operations that can be undertaken by the supervised entities. The European Central Bank (ECB) therefore has the power to take decisions in exercise of supervisory powers granted pursuant to Directive 2013/36/EU in cases of mergers, divisions or acquisitions of material holdings involving significant supervised entities.
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