2026-03-03
The Executive Board of the European Central Bank nominates specific heads of work units to adopt delegated decisions concerning mergers, divisions, and acquisitions of material holdings involving significant supervised entities. This delegation operationalizes supervisory powers granted under Directive 2013/36/EU by assigning authority to Directors-General and Deputy Directors-General of designated directorates based on the type of transaction and the supervised entity involved. The Decision enters into force on the fifth day following its publication in the Official Journal of the European Union to ensure timely exercise of these powers following recent legislative amendments.