Criteria for the adoption of delegated decisions not to object to intended macroprudential measures for setting an O-SII buffer
Article 4
Decisions not to object to intended macroprudential measures for setting an O-SII buffer shall be adopted in accordance with Article 3, paragraphs 1 and 2, where all of the following criteria are met: (a) those intended macroprudential measures apply the latest methodology for determining the ECB floor; (b) the ECB’s technical assessment of those measures does not give rise to any concerns as regards the following: (i) the methodology employed by the NCA or NDA; (ii) the economic considerations driving the setting of O-SII buffers; (iii) the identification of O-SIIs; (c) the ECB’s technical assessment does not conclude that the ECB should object to those intended macroprudential measures.