#32026D0565Decision (EU) 2026/565 of the European Central Bank of 3 March 2026 nominating heads of work units to adopt delegated decisions regarding mergers, divisions and acquisitions of material holdings (ECB/2026/6)
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This ECB Decision nominates specific heads of work units authorised to adopt delegated decisions on mergers, divisions, and acquisitions of material holdings involving significant supervised credit institutions. It implements the delegation framework established in Decision (EU) 2026/564 by naming the officials who can sign such decisions. For mergers and divisions, decisions require the Director-General or Deputy Director-General of DG SSM Governance and Operations (or the Head of the Authorisation Division if unavailable) together with the relevant Director-General or Deputy from the supervisory directorate responsible for the entity. For acquisitions of material holdings, the responsible supervisory directorate head is authorised; when linked to qualifying holdings under Article 22(1) of CRD, the DG SSM Governance and Operations head must also approve. The rules define which entity is considered the 'relevant' one in multi-entity operations.
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Key Changes
- Nominates DG or Deputy DG of DG SSM Governance and Operations (or Head of Authorisation Division) plus relevant supervisory DG/Deputy to sign delegated merger and division decisions for significant entities
- For material holdings acquisitions not linked to qualifying holdings, only the relevant supervisory DG or Deputy DG is authorised
- For material holdings acquisitions linked to qualifying holdings under Article 22(1) CRD, requires both supervisory DG/Deputy and DG SSM Governance and Operations
+ 3 more changes with Pro
Obligations
What this law requires
For mergers involving significant supervised entities, the Director-General or Deputy Director-General of DG SSM Governance and Operations (or Head of Authorisation Division if unavailable) must jointly adopt delegated decisions together with the relevant supervisory directorate head (DG Systemic and International Banks, DG Universal and Diversified Institutions, or DG Specialised Institutions and Less Significant Institutions)
For divisions involving significant supervised entities, the Director-General or Deputy Director-General of DG SSM Governance and Operations (or Head of Authorisation Division if unavailable) must jointly adopt delegated decisions together with the relevant supervisory directorate head (DG Systemic and International Banks, DG Universal and Diversified Institutions, or DG Specialised Institutions and Less Significant Institutions)
When a merger or division involves multiple significant supervised entities, identify the 'relevant supervised entity' as the entity resulting from the merger, or the entity being divided in case of division, for delegation purposes
For acquisitions of material holdings not connected to qualifying holdings under Article 22(1) of CRD, the relevant supervisory directorate head (DG Systemic and International Banks, DG Universal and Diversified Institutions, or DG Specialised Institutions and Less Significant Institutions) must adopt the delegated decision
For acquisitions of material holdings connected to qualifying holdings under Article 22(1) of CRD, both the relevant supervisory directorate head AND the Director-General or Deputy Director-General of DG SSM Governance and Operations (or Head of Authorisation Division if unavailable) must jointly adopt the delegated decision