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Recital 4

Recital 4

(4)Within the framework of cooperation within the Single Supervisory Mechanism, as set out in Article 6 of Regulation (EU) No 1024/2013, the ECB is exclusively competent to carry out, for prudential supervisory purposes, the tasks set out in Article 4(1), point (e), of that Regulation. The ECB, in the exercise of those tasks, ensures compliance with the provisions of Union law that impose prudential requirements on credit institutions as regards remuneration.

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