Contents
- 1. Where competent authorities determine that consolidation i…
- 2. The competent authority shall make the determination refer…
- 3. For the purposes of the assessment referred to in paragrap…
- 4. Competent authorities may, in particular, require proporti…
- 5. Competent authorities may, in particular, require full con…
2.The competent authority shall make the determination referred to in paragraph 1 on the basis of an assessment of the risks posed by the institution or financial institution concerned to the institution, taking into account the extent and the effectiveness of any risk mitigants and the impact on the prudential requirements of the institution on a consolidated basis that could result from the application of full or proportional consolidation.
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