Delegation of decisions on on-site inspections and decisions on internal model investigations
Article 3
1. In accordance with Article 4 of Decision (EU) 2017/933 (ECB/2016/40), the Governing Council hereby delegates to the heads of work units nominated by the Executive Board in accordance with Article 5 of that Decision the power to adopt decisions on: (a) on-site inspections pursuant to Article 12 of Regulation (EU) No 1024/2013; (b) internal model investigations pursuant to Article 12 of Regulation (EU) No 1024/2013. 2. The delegation of decision-making powers pursuant to paragraph 1 shall apply to: (a) the ECB’s adoption of decisions; (b) the ECB’s adoption of instructions addressed, pursuant to Article 7 of Regulation (EU) No 1024/2013, to the national competent authorities with which the ECB has established close cooperation. 3. Decisions on on-site inspections as referred to in paragraph 1 shall be adopted by means of a delegated decision if one or more of the criteria for the adoption of delegated decisions, as set out in Article 4, are fulfilled. 4. Decisions on internal model investigations as referred to in paragraph 1 shall be adopted by means of a delegated decision if one or more of the criteria for the adoption of delegated decisions, as set out in Article 5, are fulfilled. 5. Decisions on on-site inspections and decisions on internal model investigations shall not be adopted by means of a delegated decision if the complexity of the assessment or the sensitivity of the matter require that they are adopted under the non-objection procedure or if the supervisory assessment of those decisions has a direct impact on the supervisory assessment of another decision which is to be adopted under the non-objection procedure. 6. Negative decisions on on-site inspections and negative decisions on internal model investigations shall not be adopted by means of a delegated decision.