Common rules on the transmission of supervisory information
Article 3
1. The ECB shall transmit supervisory information to authorities and bodies if: (a) the applicable law authorises the transmission of such supervisory information to those authorities and bodies and the conditions laid down for that authorisation are satisfied; (b) the supervisory information is adequate, relevant and not excessive in scope in relation to the tasks of those relevant authorities or bodies; and (c) there are no overriding reasons for refusing to disclose such supervisory information relating to the need to avoid any interference with the functioning and independence of the Single Supervisory Mechanism, in particular by jeopardising the accomplishment of its tasks. 2. If it appears that overriding reasons for refusing to disclose the supervisory information referred to in paragraph (1)(c) exist, the Governing Council shall decide on the transmission of supervisory information, following the procedure laid down in Article 26(8) of Regulation (EU) No 1024/2013. 3. The common rules laid down in paragraph 1 shall be without prejudice to any specific rules as referred to in Article 4.