Contents
3.In addition to the relevant entities referred to in paragraphs 1 and 2, a competent authority shall determine whether the following relevant entities may be included in the scope of prudential consolidation:
(a)a relevant entity, other than a relevant entity as referred to in paragraph 1 or paragraph 2, with which another relevant entity of the investment firm group is managed on a unified basis in accordance with either of the following:
(i)a contract between those relevant entities;
(ii)the memorandum or articles of association of the relevant entities concerned;
(b)a relevant entity, other than a relevant entity as referred to in paragraph 1 or paragraph 2 or paragraph 3(a), of which the majority of the members of the administrative, management, or supervisory body of a relevant entity, is, on the basis of the its most recent financial statements, made up by the same persons that are also members of the administrative, management or supervisory body of the Union parent undertaking or of another relevant entity of the investment firm group.
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