(i)

the subsidiary is held directly by the resolution entity and: the resolution entity is a Union parent financial holding company or a Union parent mixed financial holding company; both the subsidiary and the resolution entity are established in the same Member State and are part of the same resolution group; the resolution entity does not hold directly any subsidiary institution or any subsidiary entity as referred to in Article 1(1), point (b), (c) or (d), where that entity is subject to the requirements set out in this Article or to the requirement referred to in Article 45c, other than the subsidiary concerned; the subsidiary would be disproportionately affected by the deductions required pursuant to Article 72e(5) of Regulation (EU) No 575/2013;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-16 · Text as adopted (Official Journal); later amendments are not incorporated in this text.