2.
The competent authority shall, before granting authorisation to a credit institution, consult the competent authority that is responsible for the supervision of insurance undertakings or investment firms in the Member State concerned where the credit institution is: a subsidiary of an insurance undertaking or investment firm authorised in the Union; a subsidiary of the parent undertaking of an insurance undertaking or investment firm authorised in the Union; controlled by the same natural or legal persons as those who control an insurance undertaking or investment firm authorised in the Union.
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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.