Article 63 Beginning and end of direct supervision

1.   A supervised entity in respect of which direct public financial assistance is requested from the ESM or which has received direct public financial assistance from the ESM shall be classified as a significant supervised entity from the date on which direct public financial assistance was requested on its behalf.

2.   The date on which the ECB shall assume the direct supervision shall be specified in an ECB decision in accordance with Title 2.

3.   Article 52(3) shall apply accordingly.