Notification of non-material extensions or changes in internal approaches
Article 9
1. The consolidating supervisor shall inform all relevant members of the college of supervisors of any non-material extensions or changes in an approved internal model that affect any of the institutions established in a Member State without delay. 2. A relevant member of a college of supervisors shall inform the consolidating supervisor of any non-material extensions or changes that affect any of the institutions under the supervisory remit of that member. 3. A relevant member of a college of supervisors that has concerns regarding the classification of an extension or change as non-material shall communicate those concerns to the consolidating supervisor. The consolidating supervisor shall provide that information to the other relevant members of the college of supervisors. A consolidating supervisor that has concerns regarding the classification of an extension or change as non-material shall communicate those concerns to all relevant members of the college of supervisors. The consolidating supervisor and those members shall discuss the details of those concerns to reach a common view on the materiality of the extension or change. 4. Where the consolidating supervisor and the relevant members of the supervisory college consider that extensions or changes to an approved internal model have incorrectly been classified by the institution concerned as non-material, they shall inform that institution without delay.