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4.

CRD IV

For the purposes of paragraph 3, the following shall count as a single directorship: executive or non-executive directorships held within the same group; executive or non-executive directorships held within: institutions which are members of the same institutional protection scheme provided that the conditions set out in Article 113(7) of Regulation (EU) No 575/2013 are fulfilled; or undertakings (including non-financial entities) in which the institution holds a qualifying holding.

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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.