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Recital 3

Recital 3

(3)For the exclusive purpose of carrying out the tasks conferred on it by Article 4(1) and 4(2) and Article 5(2) of Regulation (EU) No 1024/2013, the ECB is considered, as appropriate, the competent authority or the designated authority in the participating Member States as established by Union law. Therefore, the ECB is amongst the addressees of the EBA 2019 Guidelines.

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