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ARTICLE · 28 OCTOBER 2022

New ECB Draft Guide On Qualifying Holding Procedures

Arendt & Medernach
Arendt & Medernach
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Arendt & Medernach

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Although the ECB has exclusive competence to assess acquisitions and increases of qualifying holdings in all credit institutions established in Member States that participate...

LuxembourgFinance and Banking
Philippe Dupont
Philippe Dupont
Glenn Meyer
Glenn Meyer
Emmanuelle Mousel
Emmanuelle Mousel
Marc Mouton
Marc Mouton
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ON 28 SEPTEMBER 2022, THE EUROPEAN CENTRAL BANK ("ECB") LAUNCHED A PUBLIC CONSULTATION ON ITS DRAFT GUIDE ON QUALIFYING HOLDING PROCEDURES (THE "DRAFT GUIDE").

Although the ECB has exclusive competence to assess acquisitions and increases of qualifying holdings in all credit institutions established in Member States that participate in the Single Supervisory Mechanism, the national competent authorities ("NCAs") serve as entry points for receiving the relevant notifications and making related proposals.

The Draft Guide is intended as a user-friendly handbook. It transparently clarifies the supervisory approach and practice developed in recent years by NCAs and the ECB in the assessment of qualifying holding procedures.

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