TITLE VIIPRUDENTIAL SUPERVISION

CHAPTER 2 Review Processes

Section IV Supervisory measures and powers

Article 102Supervisory measures

1.

Competent authorities shall require an institution to take the necessary measures at an early stage to address relevant problems in the following circumstances:

(a)

the institution does not meet the requirements of this Directive or of Regulation (EU) No 575/2013;

(b)

the competent authorities have evidence that the institution is likely to breach the requirements of this Directive or of Regulation (EU) No 575/2013 within the following 12 months.

2.

For the purposes of paragraph 1, the powers of competent authorities shall include those referred to in Article 104.