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Decision (EU) 2017/1258 of the European Central BankShow full title
Decision (EU) 2017/1258 of the European Central Bank of 5 July 2017 on the delegation of decisions on the transmission of confidential statistical information to the Single Resolution Board (ECB/2017/22)
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- 2017 No. 22
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Article 1Definitions
For the purposes of this Decision, the following definitions shall apply:
(1)
‘confidential statistical information’ means confidential statistical information as defined in point (12) of Article 1 of Regulation (EC) No 2533/98;
(2)
‘delegated decision’ means a decision taken on the basis of a delegation of powers by the Governing Council pursuant to this decision.
Article 2Transmission of confidential statistical information to the Single Resolution Board
1.The Governing Council hereby delegates the decisions on the transmission of confidential statistical information to the Single Resolution Board to the Executive Board.
2.A decision on the transmission of confidential statistical information to the Single Resolution Board shall only be adopted by means of a delegated decision, if the criteria for the adoption of delegated decisions, as set out in Article 3, are fulfilled.
Article 3Criteria for the adoption of delegated decisions on the transmission of confidential statistical information to the Single Resolution Board
1.A decision on the transmission of confidential statistical information to the Single Resolution Board shall only be taken by means of a delegated decision where this information is, pursuant to Article 8(4a) of Regulation (EC) No 2533/98, necessary for the exercise of the tasks of the Single Resolution Board. The confidential statistical information to be transmitted to the Single Resolution Board must be adequate, relevant and not excessive in relation to those tasks.
2.A decision on the transmission of confidential statistical information to the Single Resolution Board shall only be taken by means of a delegated decision
(a)where the information is necessary for the Single Resolution Board to run a Public Interest Test in order to assess whether and how resolution measures would impact the counterparties from a financial stability perspective and to assess financial interconnectedness with other financial institutions and counterparties;
(b)where the transmission of this information would not be prejudicial to the performance of the tasks of the ESCB.
Article 4Entry into force
This Decision shall enter into force on the day of its publication in the Official Journal of the European Union.
Done at Frankfurt am Main, 5 July 2017.
The President of the ECB
Mario Draghi
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