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Recital 2

Recital 2

(2)On 13 December 2018 and 6 February 2020, the Republic of Bulgaria adopted relevant national legislation to ensure that BNB will be obliged to adopt any measure in relation to supervised entities requested by the ECB and that legal acts adopted by the ECB pursuant to Regulation (EU) No 1024/2013 are binding and enforceable in the Republic of Bulgaria. The ECB assessed such legislation, taking also into account its practical implementation.

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