(6)Pursuant to Article 22(7), points (a) and (b), of Directive 2013/34/EU, the scope of prudential consolidation of an investment firm group is to include cases of horizontal links where two entities are related, whereby one entity is not a subsidiary of the other and it thus is impossible to determine a Union parent undertaking. In such cases, the competent authority or, where applicable, the group supervisor as defined in Article 3(1), point (15), of Directive (EU) 2019/2034 of the European Parliament and of the Councilnote should determine the entity that should perform the consolidation and take on the role of Union parent undertaking.
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