+4.5. Principal activity of an ancillary services undertaking
---+28. An undertaking should be regarded as performing activities referred to in points (a), (b) or …
---+29. An activity should be regarded as an undertaking’s principal activity even if none of the …

4.5. Principal activity of an ancillary services undertaking

4.5. Principal activity of an ancillary services undertaking

1. Overview

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28. An undertaking should be regarded as performing activities referred to in points (a), (b) or …

An undertaking should be regarded as performing activities referred to in points (a), (b) or (c) of Article 4(1)(18) of Regulation (EU) No 575/2013 as principal activity, where the total of these activities covers at least 50% of any of the following indicators:

  • a. the undertaking’s assets based on its individual situation;
  • b. the undertaking’s revenues based on its individual situation;
  • c. the undertaking’s personnel based on its individual situation.
29. An activity should be regarded as an undertaking’s principal activity even if none of the …

An activity should be regarded as an undertaking’s principal activity even if none of the thresholds set out in paragraph 28 is met, where this can be established on a case-by-case basis to the satisfaction of the competent authority.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA -

    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.

    DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.