4
Groups
4.1
A firm must apply the requirements at group, parent undertaking and subsidiary undertaking levels, including those subsidiaries established in a country or territory which is not in an EEA State.
[Note: Art. 4(1)(16) of the CRR]
- 01/07/2015
4.2
A firm must:
- (1) ensure that the risk management processes and internal control mechanisms of the other members of the group of which it is a member comply with the obligations set out in this Part on a consolidated basis or sub-consolidated basis; and
- (2) ensure that compliance with (1) enables the members of the group of which it is a member to have arrangements, processes and mechanisms that are consistent and well integrated and that any data relevant to the purpose of supervision can be produced.
[Note: Arts. 92(1) and 109 of the CRD]
[Note: CRD]
- 01/07/2015