- administrative penalties
means either of the following:
- authorisation
means an authorisation as defined in point (42) of Article 4(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council;
- branch
means a branch as defined in point (17) of Article 4(1) of Regulation (EU) No 575/2013;
- common procedures
means the procedures provided for in Part V with respect to an authorisation to take up the business of a credit institution, withdrawal of an authorisation to pursue such business and decisions with regard to qualifying holdings;
- euro area Member State
means a Member State whose currency is the euro;
- group
means a group of undertakings of which at least one is a credit institution and which consists of a parent undertaking and its subsidiaries, or undertakings linked to each other by a relationship within the meaning of Article 22 of Directive 2013/34/EU of the European Parliament and of the Council, including any sub-group thereof;
- joint supervisory team
means a team of supervisors in charge of the supervision of a significant supervised entity or a significant supervised group;
- less significant supervised entity
means both (a) a less significant supervised entity in a euro area Member State;
- less significant supervised entity in a euro area Member State
means a supervised entity established in a euro area Member State and which does not have the status of a significant supervised entity within the meaning of Article 6(4) of the SSM Regulation;
- less significant supervised group
means a supervised group which does not have the status of a significant supervised group within the meaning of Article 6(4) of the SSM Regulation;
- national competent authority
(NCA) means a national competent authority as defined in point (2) of Article 2 of the SSM Regulation.
- national designated authority
(NDA) means a national designated authority as defined in point (7) of Article 2 of the SSM Regulation;
- non-euro area Member State
means a Member State whose currency is not the euro;
- parent undertaking
means a parent undertaking as defined in point (15) of Article 4(1) of Regulation (EU) No 575/2013;
- participating Member State in close cooperation
means a non-euro area Member State that has entered into close cooperation with the ECB in accordance with Article 7 of the SSM Regulation;
- significant supervised entity
means both (a) a significant supervised entity in a euro area Member State;
- significant supervised entity in a euro area Member State
means a supervised entity established in a euro area Member State which has the status of a significant supervised entity pursuant to an ECB decision based on Article 6(4) or Article 6(5)(b) of the SSM Regulation;
- significant supervised entity in a participating non-euro area Member State
means a supervised entity established in a participating non-euro area Member State which has the status of a significant supervised entity pursuant to an ECB decision based on Article 6(4) or Article 6(5)(b) of the SSM Regulation;
- significant supervised group
means a supervised group which has the status of significant supervised group pursuant to an ECB decision based on Article 6(4) or Article 6(5)(b) of the SSM Regulation;
- subsidiary
means a subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013;
- supervised entity
means any of the following: (a) a credit institution established in a participating Member State;
- supervised group
means any of the following:
- third country
means a country which is neither a Member State nor a European Economic Area Member State;
- working day
means a day which is not a Saturday, Sunday or an ECB public holiday in accordance with the calendar applicable to the ECB.