Public consultation on the exercise of options and discretions by NCAs in relation to less significant institutions

The ECB decided in 2015 to harmonise the application of options and national discretions (O&Ds) for the direct supervision of the 129 significant institutions (SIs). For this purpose an ECB regulation and an ECB guide on the exercise of options and discretions available in Union law were adopted earlier this year. In a second step, the ECB decided as part of its responsibility for the oversight of the system to also harmonise the exercise of O&Ds for less significant banks (LSIs) which are under the direct supervision of the national competent authorities by adopting a guideline and a recommendation. Its aim in so doing is to ensure harmonisation across all banks.

Deadline for submitting comments: midnight CET on 5 January 2017

Only comments received before this deadline will be considered.

Please submit your comments by midnight CET on 5 January 2017 using this template:

Please substantiate your response with relevant examples or data where appropriate.

Submitting comments by email:

Send your comments by email to: SSMPublicConsultation@ecb.europa.eu

Please put “Public consultation on the exercise of options and discretions by NCAs in relation to less significant institutions" in the subject line.

Submitting comments by post:

Send comments by post to the following address:

After the close of the consultation, all comments will be published on this web page along with a feedback statement. For details on how your personal data and contribution will be handled, please see the privacy statement:

The ECB will hold a public hearing at its premises in Frankfurt am Main on 17 November 2016.

The event will comprise a presentation followed by a question and answer session in English.

Questions may be emailed during the hearing to an address that will be available on this web page shortly beforehand.

On the day of the hearing, access will only be granted to participants who present their registration confirmation email and a valid identification document, such as a passport or ID card (a driver’s licence will not be accepted).