Regulation (EU) No 468/2014 of the European Central Bank
of 16 April 2014
establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation)
(ECB/2014/17) (revoked)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART I

GENERAL PROVISIONS

Subject matter and purpose
Article 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definitions
Article 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART II

ORGANISATION OF THE SSM
TITLE 1

STRUCTURES FOR THE SUPERVISION OF SIGNIFICANT AND LESS SIGNIFICANT SUPERVISED ENTITIES
CHAPTER 1

Supervision of significant supervised entities

Joint supervisory teams
Article 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Establishment and composition of joint supervisory teams
Article 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Involvement of staff members from NCBs of participating Member States
Article 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

JST coordinator and sub-coordinators
Article 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Supervision of less significant supervised entities

Involvement of staff members from other NCAs in an NCA’s supervisory team
Article 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

SUPERVISION ON A CONSOLIDATED BASIS AND PARTICIPATION OF THE ECB AND NCAS IN COLLEGES OF SUPERVISORS

Supervision on a consolidated basis
Article 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The ECB as chair of a college of supervisors
Article 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The ECB and NCAs as members of a college of supervisors
Article 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

PROCEDURES FOR THE RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES
CHAPTER 1

Procedures for the right of establishment and freedom to provide services within the SSM

Right of establishment of credit institutions within the SSM
Article 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exercise of the freedom to provide services by credit institutions within the SSM
Article 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Procedures for the right of establishment and freedom of credit institutions established in non-participating Member States to provide services within the SSM

Notification of the exercise of the right of establishment within the SSM by credit institutions established in non-participating Member States
Article 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Competent authority of the host Member State for branches
Article 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification of the exercise of the freedom to provide services within the SSM by credit institutions established in non-participating Member States
Article 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Competent authority of the host Member State for freedom to provide services
Article 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

Procedures for the right of establishment and freedom to provide services in relation to non-participating Member States

Right of establishment and exercise of the freedom to provide services in relation to non-participating Member States
Article 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

SUPPLEMENTARY SUPERVISION OF FINANCIAL CONGLOMERATES

Coordinator
Article 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART III

GENERAL PROVISIONS APPLYING TO THE OPERATION OF THE SSM
TITLE 1

PRINCIPLES AND OBLIGATIONS

Overview
Article 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty to cooperate in good faith
Article 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

General obligation to exchange information
Article 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right of the ECB to instruct NCAs or NDAs to make use of their powers and to take action if the ECB has a supervisory task but no related power
Article 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Language regime between the ECB and NCAs
Article 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Language regime between the ECB and legal or natural persons, including supervised entities
Article 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

GENERAL PROVISIONS RELATING TO DUE PROCESS FOR ADOPTING ECB SUPERVISORY DECISIONS
CHAPTER 1

ECB supervisory procedures

General principles
Article 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Parties
Article 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Representation of a party
Article 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

General obligations of the ECB and parties to an ECB supervisory procedure
Article 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Evidence in ECB supervisory procedures
Article 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Witnesses and experts in ECB supervisory procedures
Article 30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right to be heard
Article 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Access to files in an ECB supervisory procedure
Article 32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

ECB supervisory decisions

Motivation of ECB supervisory decisions
Article 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Suspensory effect
Article 34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification of ECB supervisory decisions
Article 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

REPORTING OF BREACHES

Reporting of breaches
Article 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appropriate protection for reports of breaches
Article 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedures for the follow-up of reports
Article 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART IV

DETERMINING THE STATUS OF A SUPERVISED ENTITY AS SIGNIFICANT OR LESS SIGNIFICANT
TITLE 1

GENERAL PROVISIONS RELATING TO THE CLASSIFICATION AS SIGNIFICANT OR LESS SIGNIFICANT

Classifying a supervised entity on an individual basis as significant
Article 39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Classifying supervised entities which are part of a group as significant
Article 40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Specific provisions in respect of branches of credit institutions established in non-participating Member States
Article 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Specific provisions in respect of subsidiaries of credit institutions established in non-participating Member States and third countries
Article 42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

PROCEDURE FOR CLASSIFYING SUPERVISED ENTITIES AS SIGNIFICANT SUPERVISED ENTITIES
CHAPTER 1

Classifying a supervised entity as significant

Review of the status of a supervised entity
Article 43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure to be applied in determining the significance of a supervised entity
Article 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Beginning and end of direct supervision by the ECB

Beginning of direct supervision by the ECB
Article 45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

End of direct supervision by the ECB
Article 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Reasons for ending direct supervision by the ECB
Article 47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Pending procedures
Article 48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

List of supervised entities

Publication
Article 49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

DETERMINING SIGNIFICANCE ON THE BASIS OF SIZE

Determining significance on the basis of size
Article 50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Basis for determining whether or not a supervised entity is significant on the basis of size
Article 51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Basis for determining significance on the basis of size in specific or exceptional circumstances
Article 52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Groups of consolidated undertakings
Article 53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Method of consolidation
Article 54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Method for calculating total assets
Article 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

DETERMINING SIGNIFICANCE ON THE BASIS OF IMPORTANCE FOR THE ECONOMY OF THE UNION OR ANY PARTICIPATING MEMBER STATE

National economic importance threshold
Article 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Criteria for determining significance on the basis of importance for the economy of the Union or any participating Member State
Article 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Determining significance on the basis of importance for the economy of any participating Member State at the request of an NCA
Article 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 5

DETERMINING SIGNIFICANCE ON THE BASIS OF THE SIGNIFICANCE OF CROSS-BORDER ACTIVITIES

Criteria for determining significance on the basis of the significance of cross-border activities of a supervised group
Article 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cross-border assets and liabilities
Article 60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 6

DETERMINING SIGNIFICANCE ON THE BASIS OF A REQUEST FOR OR THE RECEIPT OF PUBLIC FINANCIAL ASSISTANCE FROM THE ESM

Request for or receipt of direct public financial assistance from the ESM
Article 61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Obligation of NCAs to inform the ECB of a possible request for or receipt of public financial assistance by a less significant supervised entity
Article 62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Beginning and end of direct supervision
Article 63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Scope
Article 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 7

DETERMINING SIGNIFICANCE ON THE BASIS THAT THE SUPERVISED ENTITY IS ONE OF THE THREE MOST SIGNIFICANT CREDIT INSTITUTIONS IN A PARTICIPATING MEMBER STATE

Criteria for determining the three most significant credit institutions in a participating Member State
Article 65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review process
Article 66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 8

ECB DECISION TO DIRECTLY SUPERVISE LESS SIGNIFICANT SUPERVISED ENTITIES PURSUANT TO ARTICLE 6(5)(B) OF THE SSM REGULATION

Criteria for an ECB decision pursuant to Article 6(5)(b) of the SSM Regulation
Article 67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure for preparing an ECB decision pursuant to Article 6(5)(b) of the SSM Regulation at the request of an NCA
Article 68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure for preparing ECB decisions pursuant to Article 6(5)(b) of the SSM Regulation on the ECB’s own initiative
Article 69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 9

PARTICULAR CIRCUMSTANCES THAT MAY JUSTIFY THE CLASSIFICATION OF A SUPERVISED ENTITY AS LESS SIGNIFICANT ALTHOUGH THE CRITERIA FOR CLASSIFICATION AS SIGNIFICANT ARE FULFILLED

Particular circumstances leading to the classification of a significant supervised entity as less significant
Article 70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Assessment of the existence of particular circumstances
Article 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review
Article 72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART V

COMMON PROCEDURES
TITLE 1

COOPERATION WITH REGARD TO AN APPLICATION FOR AN AUTHORISATION TO TAKE UP THE BUSINESS OF A CREDIT INSTITUTION

Notification of the ECB of an application for an authorisation to take up the business of a credit institution
Article 73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NCAs’ assessment of applications
Article 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NCAs’ decisions rejecting an application
Article 75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NCAs’ draft decisions on the authorisation to take up the business of a credit institution
Article 76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB’s assessment of applications and hearing of applicants
Article 77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB decisions on applications
Article 78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure for the lapsing of the authorisation
Article 79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

COOPERATION WITH REGARD TO THE WITHDRAWAL OF AN AUTHORISATION

NCAs’ proposal to withdraw an authorisation
Article 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB’s assessment of a draft withdrawal decision
Article 81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Assessment on the ECB's own initiative and consultation of NCAs
Article 82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB decision on the withdrawal of an authorisation
Article 83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure in case of potential resolution measures to be taken by national authorities
Article 84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

COOPERATION WITH REGARD TO THE ACQUISITION OF QUALIFYING HOLDINGS

Notification to NCAs of the acquisition of a qualifying holding
Article 85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Assessment of potential acquisitions
Article 86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB decision on acquisition
Article 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

NOTIFICATION OF DECISIONS ON COMMON PROCEDURES

Procedures for notification of decisions
Article 88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART VI

PROCEDURES FOR THE SUPERVISION OF SIGNIFICANT SUPERVISED ENTITIES
TITLE 1

SUPERVISION OF SIGNIFICANT SUPERVISED ENTITIES AND ASSISTANCE BY NCAS

Supervision of significant supervised entities
Article 89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Role of the NCAs in assisting the ECB
Article 90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Draft decisions to be prepared by NCAs for the ECB’s consideration
Article 91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information
Article 92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

COMPLIANCE WITH FIT AND PROPER REQUIREMENTS FOR PERSONS RESPONSIBLE FOR MANAGING CREDIT INSTITUTIONS

Assessment of the suitability of members of the management bodies of significant supervised entities
Article 93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

On-going review of managers’ suitability
Article 94. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

OTHER PROCEDURES TO BE APPLIED BY SIGNIFICANT SUPERVISED ENTITIES

Requests, notifications or applications by significant supervised entities
Article 95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART VII

PROCEDURES FOR THE SUPERVISION OF LESS SIGNIFICANT SUPERVISED ENTITIES
TITLE 1

NCAS’ NOTIFICATION TO THE ECB OF MATERIAL NCA SUPERVISORY PROCEDURES AND MATERIAL DRAFT SUPERVISORY DECISIONS

Deterioration of the financial situation of a less significant supervised entity
Article 96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NCAs’ notification to the ECB of material NCA supervisory procedures
Article 97. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification by NCAs to the ECB of material draft supervisory decisions
Article 98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

EX-POST REPORTING BY NCAS TO THE ECB REGARDING LESS SIGNIFICANT SUPERVISED ENTITIES

General obligation of NCAs to report to the ECB
Article 99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Frequency and scope of reports to be submitted by NCAs to the ECB
Article 100. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART VIII

COOPERATION BETWEEN THE ECB, NCAs AND NDAs WITH REGARD TO MACRO-PRUDENTIAL TASKS AND TOOLS
TITLE 1

DEFINITION OF MACRO-PRUDENTIAL TOOLS

General provisions
Article 101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of macro-prudential tools by the ECB
Article 102. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

PROCEDURAL PROVISIONS FOR THE USE OF MACRO-PRUDENTIAL TOOLS

List of NCAs and NDAs responsible for macro-prudential tools
Article 103. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information and cooperation in respect of the use of macro-prudential tools by an NCA or an NDA
Article 104. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information and cooperation in respect of the ECB’s use of macro-prudential tools
Article 105. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART IX

PROCEDURES FOR CLOSE COOPERATION
TITLE 1

GENERAL PRINCIPLES AND COMMON PROVISIONS

Procedure for the establishment of a close cooperation
Article 106. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Principles to be applied when a close cooperation has been established
Article 107. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Legal instruments related to supervision in connection with close cooperation
Article 108. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

CLOSE COOPERATION IN RELATION TO PARTS III, IV, V, VIII, X AND XI

Language regime under the regime of close cooperation
Article 109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Assessment of significance of credit institutions under the regime of close cooperation
Article 110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Common procedures under the regime of close cooperation
Article 111. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Macro-prudential tools under the regime of close cooperation
Article 112. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Administrative penalties under the regime of close cooperation
Article 113. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investigatory powers pursuant to Articles 10 to 13 of the SSM Regulation under the regime of close cooperation
Article 114. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

CLOSE COOPERATION IN RESPECT OF SIGNIFICANT SUPERVISED ENTITIES

Supervision of significant supervised entities in a participating Member State in close cooperation
Article 115. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Decisions in respect of significant supervised entities and significant supervised groups
Article 116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

CLOSE COOPERATION IN RESPECT OF LESS SIGNIFICANT SUPERVISED ENTITIES AND LESS SIGNIFICANT SUPERVISED GROUPS

Supervision of less significant supervised entities and less significant supervised groups
Article 117. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 5

PROCEDURE IN CASE OF DISAGREEMENT OF A PARTICIPATING MEMBER STATE IN CLOSE COOPERATION

Procedure in case of disagreement with the Supervisory Board’s draft decision pursuant to Article 7(8) of the SSM Regulation
Article 118. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure in case of disagreement with an objection of the Governing Council to a Supervisory Board’s draft decision pursuant to Article 7(7) of the SSM Regulation
Article 119. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART X

ADMINISTRATIVE PENALTIES
TITLE 1

DEFINITIONS AND RELATIONSHIP TO COUNCIL REGULATION (EC) NO 2532/98

Definition of administrative penalties
Article 120. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relationship to Regulation (EC) No 2532/98
Article 121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ECB powers to impose administrative penalties under Article 18(7) of the SSM Regulation
Article 122. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

PROCEDURAL RULES FOR THE IMPOSITION OF ADMINISTRATIVE PENALTIES, OTHER THAN PERIODIC PENALTY PAYMENTS, ON SUPERVISED ENTITIES IN EURO AREA MEMBER STATES

Establishment of an independent investigating unit
Article 123. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Referral of alleged breaches to the investigating unit
Article 124. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers of the investigating unit
Article 125. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedural rights
Article 126. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Examination of the file by the Supervisory Board
Article 127. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definition of total annual turnover for the purpose of determining the upper limit for administrative pecuniary penalties
Article 128. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

PERIODIC PENALTY PAYMENTS

Procedural rules applicable to periodic penalty payments
Article 129. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

TIME LIMITS

Limitation periods for imposing administrative penalties
Article 130. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Limitation periods for the enforcement of administrative penalties
Article 131. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 5

PUBLICATION OF DECISIONS AND EXCHANGE OF INFORMATION

Publication of decisions regarding administrative penalties
Article 132. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Informing the EBA
Article 133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 6

COOPERATION BETWEEN THE ECB AND NCAs IN EURO AREA MEMBER STATES UNDER ARTICLE 18(5) OF THE SSM REGULATION

Significant supervised entities
Article 134. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Reporting in respect of less significant supervised entities
Article 135. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 7

CRIMINAL OFFENCES

Evidence of facts potentially giving rise to a criminal offence
Article 136. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 8

PROCEEDS FROM PENALTIES

Proceeds from penalties
Article 137. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART XI

ACCESS TO INFORMATION, REPORTING, INVESTIGATIONS AND ON-SITE INSPECTIONS
TITLE 1

GENERAL PRINCIPLES

Cooperation between the ECB and NCAs as regards the powers referred to in Articles 10 to 13 of the SSM Regulation
Article 138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 2

COOPERATION IN RESPECT OF REQUESTS FOR INFORMATION

Ad-hoc requests for information under Article 10 of the SSM Regulation
Article 139. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 3

REPORTING

Tasks related to supervisory reporting to competent authorities
Article 140. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requests for information at recurring intervals under Article 10 of the SSM Regulation
Article 141. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 4

COOPERATION WITH REGARD TO GENERAL INVESTIGATIONS

Launch of a general investigation under Article 11 of the SSM Regulation
Article 142. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE 5

ON-SITE INSPECTIONS

ECB decision to conduct an on-site inspection under Article 12 of the SSM Regulation
Article 143. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Establishment and composition of on-site inspection teams
Article 144. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure and notification of an on-site inspection
Article 145. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Conduct of the on-site inspections
Article 146. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART XII

TRANSITIONAL AND FINAL PROVISIONS

Start of direct supervision by the ECB when the ECB assumes its tasks for the first time
Article 147. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Defining the format of the report on supervisory history and risk profile to be provided by NCAs to the ECB
Article 148. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Continuity of existing procedures
Article 149. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supervisory decisions taken by NCAs
Article 150. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Member States whose currency becomes the euro
Article 151. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Continuity of existing arrangements
Article 152. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Final provisions
Article 153. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regulation revoked (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 33(f); 2020 c. 1, Sch. 5 para. 1(1)