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Article 131 › 7

CRD IV
DIRECTIVE 2013/36/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance) · European Union

Before setting or resetting an O-SII buffer, the competent authority or the designated authority shall notify the Commission, the ESRB, EBA, and the competent and designated authorities of the Member States concerned one month before the publication of the decision referred to in paragraph 5. That notification shall describe in detail: (a) the justification for why the O-SII buffer is considered likely to be effective and proportionate to mitigate the risk; (b) an assessment of the likely positive or negative impact of the O-SII buffer on the internal market, based on information which is available to the Member State; (c) the O-SII buffer rate that the Member State wishes to set.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04