27. Notwithstanding paragraph 26 and for the purposes of application of point (b) of paragraph 25 …

Notwithstanding paragraph 26 and for the purposes of application of point (b) of paragraph 25, competent authorities may provide for an adequate timeline for the establishment of an intermediate EU parent undertaking where reaching the threshold was not foreseeable within the forward looking-monitoring set out in paragraph 16 and as a result the timeline as specified in paragraph 26 cannot be met, in particular in cases such as mergers and acquisitions not foreseeable in the strategic planning of the group, or where there is reasonable anticipation of the total value of that g roup’s assets in the Union to permanently drop below the threshold within a period not exceeding one year from the date the threshold was reached. The timeline should be as short as possible and should not exceed one year or, in exceptional justified cases, up to two years from the date the threshold was reached, unless the total value of assets in the Union of that group has dropped and remains below the threshold.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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