Public consultation on the exercise of options and discretions in Union law

This consultation gave interested parties the opportunity to comment on the Draft ECB Regulation on the exercise of options and discretions available in Union law and the Draft ECB Guide on options and discretions.

The draft Regulation determines the exercise of options and discretions available in Union law and mandated to competent authorities, concerning prudential requirements for credit institutions. The exercise of those options and discretions provided for in this Regulation is directly applicable to credit institutions classified as significant.