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Recital 3

Recital 3

(3)Additionally, in order to provide a proportionate basis for identifying non-controversial applications for the decisions suitable for delegation, the criteria should also specify that as a result of the adoption of the relevant delegated decision there is no breach of any requirement, obligation or limitation set out in prior ECB decisions approving the plans for a timely return to compliance (‘return-to-compliance plans’) pursuant to Article 146 of Regulation (EU) No 575/2013 or pursuant to Article 101(4) of Directive 2013/36/EU of the European Parliament and of the Council 5 or approving the plans for the sequential implementation across different types of exposure and business units within an exposure class of the Internal Ratings Based (IRB) Approach (‘IRB roll-out plans’) pursuant to Article 148 of Regulation (EU) No 575/2013.

  1. 5 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ( OJ L 176, 27.6.2013, p. 338 , ELI: http://data.europa.eu/eli/dir/2013/36/oj ). ↩
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