Definitions
Article 1
For the purposes of this Decision, the following definitions shall apply: (1) ‘parent undertaking’ means a parent undertaking as defined in Article 2(1), point (6), of Directive 2014/59/EU; (2) ‘recovery plan’ means a recovery plan as defined in Article 2(1), point (32), of Directive 2014/59/EU; (3) ‘group recovery plan’ means a group recovery plan as defined in Article 2(1), point (33), of Directive 2014/59/EU; (4) ‘significant supervised entity’ means a significant supervised entity as defined in Article 2, point (16), of Regulation (EU) No 468/2014 of the European Central Bank (ECB/2014/17) ( 6 ) ; (5) ‘delegated decision’ means a delegated decision as defined in Article 3, point (4), of Decision (EU) 2017/933 (ECB/2016/40); (6) ‘heads of work units’ means the heads of work units of the ECB to whom the power to adopt joint decisions on the assessment of group recovery plans is delegated; (7) ‘non-objection procedure’ means the procedure set out in Article 26(8) of Regulation (EU) No 1024/2013 and further specified in Article 13g of Decision ECB/2004/2; (8) ‘sensitivity’ means a characteristic or factor that may have a negative impact on the ECB’s reputation and/or on the effective and consistent functioning of the Single Supervisory Mechanism, including but not limited to any of the following: (a) where the relevant supervised entity has previously been, or is currently, subject to severe supervisory measures such as early intervention measures; (b) the draft decision once adopted will set a new precedent that could bind the ECB in the future; (c) the draft decision once adopted may attract negative media or public attention; (d) a national competent authority that has entered into close cooperation with the ECB communicates its disagreement with the proposed draft decision to the ECB.