(a)

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) · European Union

the CIU is managed by a company which is subject to supervision in a Member State or, subject to approval of the credit institution's competent authority, if: the CIU is managed by a company which is subject to supervision that is considered equivalent to that laid down in Community law; and cooperation between competent authorities is sufficiently ensured;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.