1. This Decision specifies the criteria for the delegation of decision-making powers to the heads of work units for the adoption of decisions taken in exercise of supervisory powers granted pursuant to Union law regarding: (a) mergers involving at least one significant supervised entity; (b) divisions in which the entity carrying out the operation is a significant supervised entity; and (c) acquisitions of material holdings in credit institutions or non-credit institutions by a significant supervised entity.
2. The delegation of decision-making powers is without prejudice to the conduct of supervisory assessment regarding mergers, divisions and acquisitions of material holdings.