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New version applies from 26/09/2021 — introduced by Decision (EU) 2021/1440 of the ECB. 6 provisions change. Article 3 changes in this version: compare with the current text.

Article 3 - Delegation of passporting, qualifying holding and withdrawal decisions

Article 3
Delegation of passporting, qualifying holding and withdrawal decisions

1. In accordance with Article 4 of Decision (EU) 2017/933 (ECB/2016/40), the Governing Council hereby delegates to the heads of work units of the ECB, nominated by the Executive Board in accordance with Article 5 of that Decision, the power to adopt passporting, qualifying holding and withdrawal decisions.

2. Passporting, qualifying holding and withdrawal decisions shall be adopted by means of a delegated decision if the relevant criteria for the adoption of delegated decisions, set out in Articles 4, 5 and 6, are fulfilled.

3. Passporting, qualifying holding and withdrawal decisions shall not be adopted by means of a delegated decision if the complexity of the assessment requires that they are adopted under the non-objection procedure.

4. Any delegation of decision-making powers shall apply both to the adoption of supervisory decisions and to the approval of positive assessments by the ECB where a supervisory decision is not required.

5. Negative passporting, qualifying holding and withdrawal decisions shall not be adopted by means of a delegated decision.

6. Where a passporting, qualifying holding or withdrawal decision may not be adopted by means of a delegated decision, it shall be adopted in accordance with the non-objection procedure.

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