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Decision (EU) 2019/322 of the European Central BankShow full title
Decision (EU) 2019/322 of the European Central Bank of 31 January 2019 on delegation of the power to adopt decisions regarding supervisory powers granted under national law (ECB/2019/4)
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- 2019 No. 4
- Article 11
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Article 11Criteria for the adoption of delegated decisions on outsourcing
1.Decisions on the approval of outsourcing of activities by a significant supervised entity shall be taken by means of a delegated decision if one or more of the following criteria is met:
(a)the service provider is part of the same group as the significant supervised entity (intragroup outsourcing) and is established in the Union; or
(b)the service provider is a supervised entity that is established in the Union and authorised to perform the outsourced services; or
(c)the outsourcing concerns non-core support services and the service provider is established in the Union or the European Economic Area.
2.The assessment of outsourcing projects shall be carried out in accordance with the relevant provisions of national law, also taking into consideration any applicable ECB guides and/or national competent authorities' policy stances, guidance or similar acts.
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