Criteria for the adoption of joint decisions on the assessment of group recovery plans by delegated decision
Article 4
1. Joint decisions on the assessment of group recovery plans shall be adopted by means of a delegated decision where the ECB and the relevant competent authorities agree the following: (a) the parent undertaking is not required to submit a revised recovery plan within a specified deadline under Article 6(5) of Directive 2014/59/EU; (b) no recovery plan on an individual basis is to be drawn up for any institution that is part of the group under Article 8(2), point (b), of Directive 2014/59/EU. 2. The assessment of the criteria referred to in paragraph 1 shall be carried out in accordance with Articles 5 to 9 of Directive 2014/59/EU, as transposed into national law, and Commission Delegated Regulation (EU) 2016/1075, also taking into consideration technical standards and guidelines of the European Supervisory Authorities ( 7 ) .