Regulatory Alerts2026-03-26
Added · Updated
Instruction No. 2/2026
Instruction No. 2/2026 mandates the use of the ECB's Information Management System for the SSM (IMAS) Portal for the submission of specific supervisory procedures, including authorizations for administrative and supervisory board members, essential function holders, branch managers in non-EU countries, credit institution establishment, and qualified participation acquisitions. It also requires the use of the IMAS Portal for branch establishment notifications and free provision of services by Significant Institutions when electronic means are chosen, while making the portal optional for financial company authorizations within significant credit groups. The instruction partially revokes Instruction No. 7/2021 and amends Instruction No. 11/2023 to align their scopes with the new mandatory and voluntary submission rules.
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