4. Overview of requirements

For the purpose of granting the permission referred to in Article 352(2) of Regulation (EU) No 575/2013, the following process should be applied:

• (a) requests should meet the procedural admissibility requirements referred to in Section 5 and the substantive admissibility requirements referred to in Section 6;
• (b) any requests that are admissible in accordance with point (a), should then be assessed with the view to examining their compliance with the conditions of Regulation (EU) No 575/2013 in accordance with Section 7;
• (c) with regard to any requests that have been found compliant with the requirements of that Regulation in accordance with point (b), the size of the position to be excluded should be determined in accordance with Section 8.

Following the granting of the permission referred to in Article 352(2) of Regulation (EU) No 575/2013, the ongoing monitoring of the permission should be carried out in accordance with Section 9.