ECB’s decision on the procedure to exclude staff members from the presumption of having a material impact on a supervised credit institution’s risk profile under the CRD 4 package has been published in the OJEU. It sets out the procedural requirements for the notification and the application for prior approval, which supervised credit institutions must submit to ECB, to exclude staff members or categories of staff members from the presumption of being “identified staff”. It entered into force on 2 December. (Source:ECB Decision on Excluding Material Impact Presumption Published in OJEU)