{
  "url": "https://openlegislation.uk/eu-decision-2019-4/article-6",
  "json_url": "https://openlegislation.uk/eu-decision-2019-4/article-6.json",
  "legislation": "eudn/2019/4",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2019-4",
  "path": "article/6",
  "kind": "article",
  "number": "6",
  "heading": "Criteria for the adoption of delegated decisions on sales of holdings",
  "text": "1. Decisions on the approval of sales of holdings by a significant supervised entity shall be taken by means of a delegated decision if all of the following criteria are met:\n(a) the impact on the own funds of the selling significant supervised entity is limited, which means that:\n(i) following the sale, the own funds exceed and are estimated to continue exceeding the sum of the requirements laid down in Article 92(1) of Regulation (EU) No 575/2013, the own funds required to be held in accordance with Article 16(2)(a) of Regulation (EU) No 1024/2013, the combined buffer requirement as defined in point (6) of Article 128 of Directive 2013/36/EU and the Pillar 2 capital guidance as set out in the last available SREP decision; and\n(ii) the impact of the reduction on the Common Equity Tier 1 capital ratio, the Tier 1 capital ratio and the total capital ratio is below 100 basis points;\n(b) the impact on the liquidity situation of the selling significant supervised entity is limited, which means that:\n(i) the LCR remains above 110 % and is above the liquidity requirements set out in the last available SREP decision, if these are higher than the required minimum LCR; and\n(ii) at consolidated level, the LCR is not reduced by more than 50 %.\n2. The assessment of sales of holdings 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.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2019/4/article/6",
    "retrieved_at": "2026-11-01T15:12:52.933192+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}