Recital 9

(9) Supervisors of credit institutions should have all the necessary powers that enable them to perform their duties and that cover the various operations conducted by the supervised entities. To that end and to increase the level playing field, supervisors should have at their disposal all the supervisory powers enabling them to cover the material operations that can be undertaken by the supervised entities. The competent authorities should therefore be notified if material operations undertaken by a supervised entity, including acquisitions by supervised entities of material holdings in financial or non-financial sector entities, material transfers of assets and liabilities from or to supervised entities, and mergers and divisions involving supervised entities, raise concerns over that entity’s prudential profile, or over possible money laundering or terrorist financing activities. Furthermore, the competent authorities should have the power to intervene in cases of acquisitions of material holdings, mergers or divisions.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.