1.In accordance with Article 4 of Decision (EU) 2017/933 (ECB/2016/40), the Governing Council hereby delegates the power to adopt fit and proper decisions to the heads of work units nominated by the Executive Board in accordance with Article 5 of that Decision.
2.The heads of work units shall adopt delegated decisions in accordance with this Decision and applicable law.
3.The delegation of decision-making powers pursuant to paragraph 1 shall apply to:
(a)
the ECB’s adoption of supervisory decisions;
(b)
the ECB’s adoption of instructions addressed, pursuant to Article 7 of Regulation (EU) No 1024/2013, to the national competent authorities with which the ECB has established close cooperation.