Contents
- 1. Where consolidation is required pursuant to Article 18(3)…
- 2. For the purposes of paragraph 1, the balance sheet total s…
- 3. Where the application of the criteria referred to in parag…
- 4. In the cases referred to in this Article, the competent au…
- 5. An undertaking that is related to one or more undertakings…
1.Where consolidation is required pursuant to Article 18(3) of Regulation (EU) No 575/2013, the following entity shall be responsible for ensuring compliance with the requirements laid down in Part One, Title II, Chapter 2, Section 1, of Regulation (EU) No 575/2013 on the basis of the consolidated situation of all undertakings of the group:
(a)the institution, where there is only one institution within the group;
(b)the credit institution with the largest balance sheet total, where there are several credit institutions within the group;
(c)the investment firm subject to Regulation (EU) No 575/2013 with the largest balance sheet total, where the group does not include any credit institution.
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