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Recital 58

Recital 58

(58)The Commission should be empowered to adopt the regulatory technical standards developed by EBA with regard to the waiver for authorisation of investment firms as credit institutions, the list of minimum information to be provided for assessing material operations, the process to assess material operations, the booking arrangements for third-country branches, the mechanism of cooperation and the functioning of colleges of supervisors, the concept of exposures to default risk which are material in absolute terms and the thresholds for large numbers of material counterparties and positions in traded debt or equity instruments of different issuers, and the minimum content of the suitability questionnaire, curricula vitae and the internal suitability assessment. The Commission should adopt those regulatory technical standards by means of delegated acts pursuant to Article 290 of the Treaty on the Functioning of the European Union (TFEU) and in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.

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