Recital 23

(23) The final selection criterion should ensure a level playing field among directly supervised obliged entities and, to that end, no discretion should be left to the Authority or supervisory authorities in deciding on the list of obliged entities that are to be subject to direct supervision. Therefore, where a given assessed obliged entity operates cross-border and falls within the high risk category pursuant to the harmonised methodology, it should be deemed to qualify as a selected obliged entity.

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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.