# Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17) (revoked) EU Regulation No 468/2014 · adopted 16 April 2014 Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17) ## Introductory text Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part I: GENERAL PROVISIONS ## 1 Subject matter and purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part II: ORGANISATION OF THE SSM ### Title 1: STRUCTURES FOR THE SUPERVISION OF SIGNIFICANT AND LESS SIGNIFICANT SUPERVISED ENTITIES ### Chapter 1: Supervision of significant supervised entities ## 3 Joint supervisory teams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Establishment and composition of joint supervisory teams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Involvement of staff members from NCBs of participating Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 JST coordinator and sub-coordinators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Supervision of less significant supervised entities ## 7 Involvement of staff members from other NCAs in an NCA’s supervisory team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: SUPERVISION ON A CONSOLIDATED BASIS AND PARTICIPATION OF THE ECB AND NCAS IN COLLEGES OF SUPERVISORS ## 8 Supervision on a consolidated basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 The ECB as chair of a college of supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 The ECB and NCAs as members of a college of supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: PROCEDURES FOR THE RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES ### Chapter 1: Procedures for the right of establishment and freedom to provide services within the SSM ## 11 Right of establishment of credit institutions within the SSM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Exercise of the freedom to provide services by credit institutions within the SSM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Procedures for the right of establishment and freedom of credit institutions established in non-participating Member States to provide services within the SSM ## 13 Notification of the exercise of the right of establishment within the SSM by credit institutions established in non-participating Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Competent authority of the host Member State for branches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Notification of the exercise of the freedom to provide services within the SSM by credit institutions established in non-participating Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Competent authority of the host Member State for freedom to provide services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Procedures for the right of establishment and freedom to provide services in relation to non-participating Member States ## 17 Right of establishment and exercise of the freedom to provide services in relation to non-participating Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: SUPPLEMENTARY SUPERVISION OF FINANCIAL CONGLOMERATES ## 18 Coordinator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part III: GENERAL PROVISIONS APPLYING TO THE OPERATION OF THE SSM ### Title 1: PRINCIPLES AND OBLIGATIONS ## 19 Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Duty to cooperate in good faith . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 General obligation to exchange information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Right of the ECB to instruct NCAs or NDAs to make use of their powers and to take action if the ECB has a supervisory task but no related power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Language regime between the ECB and NCAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Language regime between the ECB and legal or natural persons, including supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: GENERAL PROVISIONS RELATING TO DUE PROCESS FOR ADOPTING ECB SUPERVISORY DECISIONS ### Chapter 1: ECB supervisory procedures ## 25 General principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Representation of a party . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 General obligations of the ECB and parties to an ECB supervisory procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Evidence in ECB supervisory procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Witnesses and experts in ECB supervisory procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Right to be heard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Access to files in an ECB supervisory procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: ECB supervisory decisions ## 33 Motivation of ECB supervisory decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Suspensory effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Notification of ECB supervisory decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: REPORTING OF BREACHES ## 36 Reporting of breaches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Appropriate protection for reports of breaches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Procedures for the follow-up of reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part IV: DETERMINING THE STATUS OF A SUPERVISED ENTITY AS SIGNIFICANT OR LESS SIGNIFICANT ### Title 1: GENERAL PROVISIONS RELATING TO THE CLASSIFICATION AS SIGNIFICANT OR LESS SIGNIFICANT ## 39 Classifying a supervised entity on an individual basis as significant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Classifying supervised entities which are part of a group as significant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Specific provisions in respect of branches of credit institutions established in non-participating Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Specific provisions in respect of subsidiaries of credit institutions established in non-participating Member States and third countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: PROCEDURE FOR CLASSIFYING SUPERVISED ENTITIES AS SIGNIFICANT SUPERVISED ENTITIES ### Chapter 1: Classifying a supervised entity as significant ## 43 Review of the status of a supervised entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Procedure to be applied in determining the significance of a supervised entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Beginning and end of direct supervision by the ECB ## 45 Beginning of direct supervision by the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 End of direct supervision by the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Reasons for ending direct supervision by the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Pending procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: List of supervised entities ## 49 Publication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: DETERMINING SIGNIFICANCE ON THE BASIS OF SIZE ## 50 Determining significance on the basis of size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 Basis for determining whether or not a supervised entity is significant on the basis of size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Basis for determining significance on the basis of size in specific or exceptional circumstances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Groups of consolidated undertakings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Method of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Method for calculating total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: DETERMINING SIGNIFICANCE ON THE BASIS OF IMPORTANCE FOR THE ECONOMY OF THE UNION OR ANY PARTICIPATING MEMBER STATE ## 56 National economic importance threshold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Criteria for determining significance on the basis of importance for the economy of the Union or any participating Member State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Determining significance on the basis of importance for the economy of any participating Member State at the request of an NCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 5: DETERMINING SIGNIFICANCE ON THE BASIS OF THE SIGNIFICANCE OF CROSS-BORDER ACTIVITIES ## 59 Criteria for determining significance on the basis of the significance of cross-border activities of a supervised group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 Cross-border assets and liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 6: DETERMINING SIGNIFICANCE ON THE BASIS OF A REQUEST FOR OR THE RECEIPT OF PUBLIC FINANCIAL ASSISTANCE FROM THE ESM ## 61 Request for or receipt of direct public financial assistance from the ESM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Obligation of NCAs to inform the ECB of a possible request for or receipt of public financial assistance by a less significant supervised entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Beginning and end of direct supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 7: DETERMINING SIGNIFICANCE ON THE BASIS THAT THE SUPERVISED ENTITY IS ONE OF THE THREE MOST SIGNIFICANT CREDIT INSTITUTIONS IN A PARTICIPATING MEMBER STATE ## 65 Criteria for determining the three most significant credit institutions in a participating Member State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Review process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 8: ECB DECISION TO DIRECTLY SUPERVISE LESS SIGNIFICANT SUPERVISED ENTITIES PURSUANT TO ARTICLE 6(5)(B) OF THE SSM REGULATION ## 67 Criteria for an ECB decision pursuant to Article 6(5)(b) of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 Procedure for preparing an ECB decision pursuant to Article 6(5)(b) of the SSM Regulation at the request of an NCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 Procedure for preparing ECB decisions pursuant to Article 6(5)(b) of the SSM Regulation on the ECB’s own initiative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 9: PARTICULAR CIRCUMSTANCES THAT MAY JUSTIFY THE CLASSIFICATION OF A SUPERVISED ENTITY AS LESS SIGNIFICANT ALTHOUGH THE CRITERIA FOR CLASSIFICATION AS SIGNIFICANT ARE FULFILLED ## 70 Particular circumstances leading to the classification of a significant supervised entity as less significant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 Assessment of the existence of particular circumstances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part V: COMMON PROCEDURES ### Title 1: COOPERATION WITH REGARD TO AN APPLICATION FOR AN AUTHORISATION TO TAKE UP THE BUSINESS OF A CREDIT INSTITUTION ## 73 Notification of the ECB of an application for an authorisation to take up the business of a credit institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 NCAs’ assessment of applications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 NCAs’ decisions rejecting an application . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 NCAs’ draft decisions on the authorisation to take up the business of a credit institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 ECB’s assessment of applications and hearing of applicants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 ECB decisions on applications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 Procedure for the lapsing of the authorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: COOPERATION WITH REGARD TO THE WITHDRAWAL OF AN AUTHORISATION ## 80 NCAs’ proposal to withdraw an authorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81 ECB’s assessment of a draft withdrawal decision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 82 Assessment on the ECB's own initiative and consultation of NCAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 83 ECB decision on the withdrawal of an authorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 84 Procedure in case of potential resolution measures to be taken by national authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: COOPERATION WITH REGARD TO THE ACQUISITION OF QUALIFYING HOLDINGS ## 85 Notification to NCAs of the acquisition of a qualifying holding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 86 Assessment of potential acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 87 ECB decision on acquisition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: NOTIFICATION OF DECISIONS ON COMMON PROCEDURES ## 88 Procedures for notification of decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part VI: PROCEDURES FOR THE SUPERVISION OF SIGNIFICANT SUPERVISED ENTITIES ### Title 1: SUPERVISION OF SIGNIFICANT SUPERVISED ENTITIES AND ASSISTANCE BY NCAS ## 89 Supervision of significant supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 90 Role of the NCAs in assisting the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 91 Draft decisions to be prepared by NCAs for the ECB’s consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 92 Exchange of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: COMPLIANCE WITH FIT AND PROPER REQUIREMENTS FOR PERSONS RESPONSIBLE FOR MANAGING CREDIT INSTITUTIONS ## 93 Assessment of the suitability of members of the management bodies of significant supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 94 On-going review of managers’ suitability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: OTHER PROCEDURES TO BE APPLIED BY SIGNIFICANT SUPERVISED ENTITIES ## 95 Requests, notifications or applications by significant supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part VII: PROCEDURES FOR THE SUPERVISION OF LESS SIGNIFICANT SUPERVISED ENTITIES ### Title 1: NCAS’ NOTIFICATION TO THE ECB OF MATERIAL NCA SUPERVISORY PROCEDURES AND MATERIAL DRAFT SUPERVISORY DECISIONS ## 96 Deterioration of the financial situation of a less significant supervised entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 97 NCAs’ notification to the ECB of material NCA supervisory procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 98 Notification by NCAs to the ECB of material draft supervisory decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: EX-POST REPORTING BY NCAS TO THE ECB REGARDING LESS SIGNIFICANT SUPERVISED ENTITIES ## 99 General obligation of NCAs to report to the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 100 Frequency and scope of reports to be submitted by NCAs to the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part VIII: COOPERATION BETWEEN THE ECB, NCAs AND NDAs WITH REGARD TO MACRO-PRUDENTIAL TASKS AND TOOLS ### Title 1: DEFINITION OF MACRO-PRUDENTIAL TOOLS ## 101 General provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 102 Application of macro-prudential tools by the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: PROCEDURAL PROVISIONS FOR THE USE OF MACRO-PRUDENTIAL TOOLS ## 103 List of NCAs and NDAs responsible for macro-prudential tools . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 104 Exchange of information and cooperation in respect of the use of macro-prudential tools by an NCA or an NDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 105 Exchange of information and cooperation in respect of the ECB’s use of macro-prudential tools . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part IX: PROCEDURES FOR CLOSE COOPERATION ### Title 1: GENERAL PRINCIPLES AND COMMON PROVISIONS ## 106 Procedure for the establishment of a close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 107 Principles to be applied when a close cooperation has been established . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 108 Legal instruments related to supervision in connection with close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: CLOSE COOPERATION IN RELATION TO PARTS III, IV, V, VIII, X AND XI ## 109 Language regime under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 110 Assessment of significance of credit institutions under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 111 Common procedures under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 112 Macro-prudential tools under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 113 Administrative penalties under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 114 Investigatory powers pursuant to Articles 10 to 13 of the SSM Regulation under the regime of close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: CLOSE COOPERATION IN RESPECT OF SIGNIFICANT SUPERVISED ENTITIES ## 115 Supervision of significant supervised entities in a participating Member State in close cooperation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 116 Decisions in respect of significant supervised entities and significant supervised groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: CLOSE COOPERATION IN RESPECT OF LESS SIGNIFICANT SUPERVISED ENTITIES AND LESS SIGNIFICANT SUPERVISED GROUPS ## 117 Supervision of less significant supervised entities and less significant supervised groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 5: PROCEDURE IN CASE OF DISAGREEMENT OF A PARTICIPATING MEMBER STATE IN CLOSE COOPERATION ## 118 Procedure in case of disagreement with the Supervisory Board’s draft decision pursuant to Article 7(8) of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 119 Procedure in case of disagreement with an objection of the Governing Council to a Supervisory Board’s draft decision pursuant to Article 7(7) of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part X: ADMINISTRATIVE PENALTIES ### Title 1: DEFINITIONS AND RELATIONSHIP TO COUNCIL REGULATION (EC) NO 2532/98 ## 120 Definition of administrative penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 121 Relationship to Regulation (EC) No 2532/98 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 122 ECB powers to impose administrative penalties under Article 18(7) of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: PROCEDURAL RULES FOR THE IMPOSITION OF ADMINISTRATIVE PENALTIES, OTHER THAN PERIODIC PENALTY PAYMENTS, ON SUPERVISED ENTITIES IN EURO AREA MEMBER STATES ## 123 Establishment of an independent investigating unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 124 Referral of alleged breaches to the investigating unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 125 Powers of the investigating unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 126 Procedural rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 127 Examination of the file by the Supervisory Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 128 Definition of total annual turnover for the purpose of determining the upper limit for administrative pecuniary penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: PERIODIC PENALTY PAYMENTS ## 129 Procedural rules applicable to periodic penalty payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: TIME LIMITS ## 130 Limitation periods for imposing administrative penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 131 Limitation periods for the enforcement of administrative penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 5: PUBLICATION OF DECISIONS AND EXCHANGE OF INFORMATION ## 132 Publication of decisions regarding administrative penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 133 Informing the EBA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 6: COOPERATION BETWEEN THE ECB AND NCAs IN EURO AREA MEMBER STATES UNDER ARTICLE 18(5) OF THE SSM REGULATION ## 134 Significant supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 135 Reporting in respect of less significant supervised entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 7: CRIMINAL OFFENCES ## 136 Evidence of facts potentially giving rise to a criminal offence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 8: PROCEEDS FROM PENALTIES ## 137 Proceeds from penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part XI: ACCESS TO INFORMATION, REPORTING, INVESTIGATIONS AND ON-SITE INSPECTIONS ### Title 1: GENERAL PRINCIPLES ## 138 Cooperation between the ECB and NCAs as regards the powers referred to in Articles 10 to 13 of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 2: COOPERATION IN RESPECT OF REQUESTS FOR INFORMATION ## 139 Ad-hoc requests for information under Article 10 of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 3: REPORTING ## 140 Tasks related to supervisory reporting to competent authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 141 Requests for information at recurring intervals under Article 10 of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 4: COOPERATION WITH REGARD TO GENERAL INVESTIGATIONS ## 142 Launch of a general investigation under Article 11 of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title 5: ON-SITE INSPECTIONS ## 143 ECB decision to conduct an on-site inspection under Article 12 of the SSM Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 144 Establishment and composition of on-site inspection teams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 145 Procedure and notification of an on-site inspection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 146 Conduct of the on-site inspections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part XII: TRANSITIONAL AND FINAL PROVISIONS ## 147 Start of direct supervision by the ECB when the ECB assumes its tasks for the first time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 148 Defining the format of the report on supervisory history and risk profile to be provided by NCAs to the ECB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 149 Continuity of existing procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 150 Supervisory decisions taken by NCAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 151 Member States whose currency becomes the euro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 152 Continuity of existing arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 153 Final provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2014/468 (the official version) Page: https://openlegislation.uk/eu-regulation-2014-468 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.