(a)

paragraph 1 is replaced by the following: ‘1. Parent financial holding companies in a Member State, parent mixed financial holding companies in a Member State, EU parent financial holding companies and EU parent mixed financial holding companies shall seek approval in accordance with this Article. Other financial holding companies or mixed financial holding companies shall seek approval in accordance with this Article where they are required to comply with this Directive or Regulation (EU) No 575/2013 on a sub-consolidated basis or where they are designated as responsible for ensuring the group’s compliance with prudential requirements on a consolidated basis as referred to in paragraph 4, point (c), of this Article. Competent authorities shall, on a regular basis, and in any event at least annually, review the parent undertakings of an institution in order to verify if that institution, the entity requesting an authorisation pursuant to Article 8, or the entity designated as responsible for ensuring the group’s compliance with prudential requirements on a consolidated basis (the “designated entity”) has correctly identified any undertaking that complies with the criteria to be considered as a parent financial holding company in a Member State, a parent mixed financial holding company in a Member State, an EU parent financial holding company or an EU parent mixed financial holding company. For the purposes of the second subparagraph of this paragraph, where the parent undertakings are located in other Member States than the Member State in which the institution, the entity requesting an authorisation pursuant to Article 8 or the designated entity is established, competent authorities of those Member States shall cooperate closely to conduct the review. Competent authorities shall publish on their websites, and update on an annual basis, a list of financial holding companies and mixed financial holding companies that have been granted approval or exempted from approval in the Member State in accordance with this Article. Where an exemption from approval has been granted, the list shall also indicate the designated entity.’ ;

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.