Recital 1

(1)Commission Delegated Regulation (EU) No 604/2014 ² established qualitative and quantitative criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile. It also established a procedure whereby an institution may determine that although a staff member meets the quantitative criteria, their professional activities are not considered to have a material impact on the institution’s risk profile, and based on such determination may notify, or request authorisation from, the competent authority to exclude the relevant staff member from the presumption that their professional activities have a material impact on the institution’s risk profile. The ECB, responsible for ensuring that the entities under its direct supervision apply the rules on the identification of staff in a coherent manner that safeguards the soundness of any such identification, adopted Decision (EU) 2015/2218 of the European Central Bank (ECB/2015/38) ³ in order to provide clarity on the procedure for the exclusion of staff members as set out in Article 4 of Delegated Regulation (EU) No 604/2014.