Subject matter

These guidelines specify the common procedures and methodologies for the functioning of the supervisory review and evaluation process (SREP) referred to in Articles 36 and 45 of Directive (EU) 2019/2034⁵ and processes and actions taken with reference to Articles 39, 40, 41 and 42 of that Directive.

⁵ Directive (EU) 2019/2034 of the European Parliament and of the Council of the 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (OJ L 314, 5.12.2019, p. 64).