Subject matter and scope
Article 2
1. This Decision specifies the criteria for the delegation of decision-making powers to the heads of work units of the ECB for the adoption of certain decisions on material changes or extensions to rating systems. 2. The delegation of decision-making powers is without prejudice to the supervisory assessment to be performed for the purposes of taking decisions granting permission for an early implementation of material changes or extensions to rating systems and decisions granting permission to implement material changes or extensions to rating systems after an investigation.