Delegation of joint decisions on the assessment of group recovery plans
Article 3
1. In accordance with Article 4 of Decision (EU) 2017/933 (ECB/2016/40), the Governing Council hereby delegates the power to adopt joint decisions on the assessment of group recovery plans to the heads of work units nominated by the Executive Board in accordance with Article 5 of that Decision. 2. Joint decisions on the assessment of group recovery plans in accordance with Article 2(1) shall be adopted by means of a delegated decision where the criteria for the adoption of delegated decisions, as set out in Article 4, are met. 3. Joint decisions on the assessment of group recovery plans 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. 4. Joint decisions on the assessment of group recovery plans shall not be adopted by means of a delegated decision in the absence of an agreement on a joint decision between the consolidating supervisor and all the competent authorities of subsidiaries, in accordance with Article 8(3) and (4) of Directive 2014/59/EU.