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Article 5b - Criteria for the approval of responses to consultation requests from a resolution authority on the reduction of eligible liabilities instruments

Article 5b
Criteria for the approval of responses to consultation requests from a resolution authority on the reduction of eligible liabilities instruments

1.Where the ECB is consulted or its agreement is sought by a resolution authority under Article 78a(1) of Regulation (EU) No 575/2013, the decision on the approval of the ECB’s response to such consultation request shall be taken by means of delegation, unless the conditions of paragraph 2 are met.

2.Where the ECB disagrees or partially disagrees with the resolution authority concerning the matter in respect of which the ECB has been consulted or its agreement has been sought under Article 78a(1) of Regulation (EU) No 575/2013, the decision on the approval of the ECB’s response shall not be taken by means of a delegated decision.

Official text · consolidated version 26/09/2021 (in force) Open full page ↗
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