(d)

in paragraph 4, the first subparagraph is amended as follows: the introductory wording is replaced by the following: ‘The financial holding company or mixed financial holding company may seek exemption from approval under this Article, which shall be granted where all of the following conditions are met:’ ; point (c) is replaced by the following: ; a subsidiary credit institution or a subsidiary financial holding company or mixed financial holding company that has been granted approval in accordance with this Article is designated as responsible for ensuring the group’s compliance with prudential requirements on a consolidated basis and is given all the necessary means and legal authority to discharge those obligations in an effective manner;’

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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.