3. — Directive 2006/49/EC of the European Parliament and of the Council of 14 June…

3.

Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast) · European Union

The competent authorities may also allow the offsetting provided for in paragraph 1 between institutions within a group that have been authorised in the Member State in question, provided that: there is a satisfactory allocation of capital within the group; and the regulatory, legal or contractual framework in which the institutions operate is such as to guarantee mutual financial support within the group.

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