# Decision (EU) 2019/322 of the European Central Bank of 31 January 2019 on delegation of the power to adopt decisions regarding supervisory powers granted under national law (ECB/2019/4), Article 14: Criteria for the adoption of delegated decisions on credit to related parties

Extent: E+W+S+N.I.

1. Decisions on the approval of the provision of credit by a significant supervised entity to a related party shall be taken by means of a delegated decision if all the following criteria are met:
(a) the total exposure of the significant supervised entity towards the related party does not exceed EUR 5 million; and
(b) the terms and conditions applicable to the provision of credit are not more favourable than those pursuant to which credit is provided to clients that are not related parties, or are at least similar to those applicable to the same type of operations entered into with employees who are not related parties of the significant supervised entity.
2. The assessment of the provision of credit to a related party shall be carried out in accordance with the relevant provisions of national law, also taking into consideration any applicable ECB guides and/or national competent authorities' policy stances, guidance or similar acts.

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Source: https://www.legislation.gov.uk/eudn/2019/4/article/14 (the official version)
Page: https://openlegislation.uk/eu-decision-2019-4/article-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.