{
  "url": "https://openlegislation.uk/eu-decision-2020-1332/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2020-1332/introduction.json",
  "legislation": "eudn/2020/1332",
  "legislation_title": "Decision (EU) 2020/1332 of the European Central Bank of 15 September 2020 nominating heads of work units to adopt delegated decisions on the significance of supervised entities and repealing Decision (EU) 2017/937 (ECB/2020/40)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2020-1332",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Decision (EU) 2020/1332 of the European Central Bank\nof 15 September 2020\nnominating heads of work units to adopt delegated decisions on the significance of supervised entities and repealing Decision (EU) 2017/937 (ECB/2020/40)\nTHE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK,\nHaving regard to the Treaty on the Functioning of the European Union,\nHaving regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 11.6 thereof,\nHaving regard to Decision (EU) 2017/933 of the European Central Bank of 16 November 2016 on a general framework for delegating decision-making powers for legal instruments related to supervisory tasks (ECB/2016/40), and in particular Articles 4 and 5 thereof,\nHaving regard to Decision (EU) 2017/934 of the European Central Bank of 16 November 2016 on the delegation of decisions on the significance of supervised entities (ECB/2016/41), and in particular Article 2 thereof,\nWhereas:\n(1)\nTo address the considerable number of decisions that the European Central Bank (ECB) is to adopt for the performance of its supervisory tasks, a procedure for the adoption of specific delegated decisions has been established.\n(2)\nA delegation decision is effective upon the adoption of a decision by the Executive Board nominating one or more heads of work units to take decisions on the basis of a delegation decision.\n(3)\nThe importance of the delegation decision and the number of addressees to whom delegated decisions need to be sent should be taken into account by the Executive Board in nominating heads of work units.\n(4)\nDecision (EU) 2017/937 of the European Central Bank (ECB/2017/17) specifies the heads of work units to adopt delegated decisions pursuant to Article 3(1), (2), (3) or (4) of Decision (EU) 2017/934 (ECB/2016/41).\n(5)\nArticle 10.1 of Decision ECB/2004/2 provides that the Executive Board is to decide upon the number, name and respective competence of each of the work units of the ECB.\n(6)\nOn 1 October 2020, organisational changes will take place in ECB Banking Supervision, including the creation of two additional business areas, the redistribution of tasks and the renaming of business areas. As a result, Decision (EU) 2017/937 (ECB/2017/17) will no longer reflect the organisational structure of ECB Banking Supervision.\n(7)\nThe Chair of the Supervisory Board has been consulted on the heads of work units to whom the power to adopt decisions on the significance of supervised entities should be delegated.\n(8)\nTherefore, Decision (EU) 2017/937 (ECB/2017/17) should be repealed,\nHAS ADOPTED THIS DECISION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ L 141, 1.6.2017, p. 14."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 141, 1.6.2017, p. 18."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Decision (EU) 2017/937 of the European Central Bank of 23 May 2017 nominating heads of work units to adopt delegated decisions on the significance of supervised entities (ECB/2017/17) (OJ L 141, 1.6.2017, p. 28)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Decision ECB/2004/2 of 19 February 2004 adopting the Rules of Procedure of the European Central Bank (OJ L 80, 18.3.2004, p. 33)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2020/1332/introduction",
    "retrieved_at": "2026-11-01T15:12:09.911192+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."
}