19. The own funds requirements of any subsidiary undertaking in a third country should be …

The own funds requirements of any subsidiary undertaking in a third country should be determined at the level of that subsidiary with a satisfactory level of prudence as set out in the following paragraph (notional own funds requirement). The determination should be made by the Union parent investment firm, Union parent investment holding company or Union parent mixed financial holding company, and by any immediate parent undertaking of that third-country subsidiary if required by the competent authority. The own funds should be held at the level of the first parent undertaking in the Union of that third-country subsidiary.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

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