(4)Regulation (EU) 2020/696 of the European Parliament and of the Councilnote allowed Member States’ competent licencing authorities not to revoke or suspend the operating licence from 1 March 2020 to 31 December 2020 if the financial performance assessment was carried out during that period, and provided that safety was not at risk and there was a realistic prospect of a satisfactory financial reconstruction within the following 12 months. Regulation (EU) 2020/696 also granted the Commission delegated powers to extend the period of 1 March 2020 to 31 December 2020 referred to in Article 9(1a).
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