+Article 16 3

Article 16 3

3.   For the purposes of conducting a joint TLPT:

(a)

the TLPT authorities of the financial entities shall agree on which financial entity shall be designated to conduct the TLPT, considering the group structure and the efficiency of the test;

(b)

the TLPT authority of the financial entity designated in accordance with point (a) shall lead the TLPT, unless otherwise agreed by the TLPT authorities of the financial entities participating in the joint TLPT;

(c)

the TLPT authorities of the financial entities other than the designated financial entity to lead the joint TLPT may either express their interest in following the TLPT as observers or assign a test manager for that TLPT.

The lead TLPT authority shall coordinate all TLPT authorities involved in the joint TLPT and adopt all the decisions necessary to carry out the joint TLPT in a sound and effective way.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 18.06.2025 00:00:00 -Doknr: CELEX:32025R1190
  • EULAW -

    EN: Legal acts of the European Union from EUR-Lex, https://eur-lex.europa.eu/. © European Union. Re-use is authorised by Decision 2011/833/EU, provided the source is acknowledged; the consolidated texts are licensed under CC BY 4.0 (EUR-Lex legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the legislation published in the Official Journal of the European Union is deemed authentic.

    DE: Rechtsakte der Europäischen Union aus EUR-Lex, https://eur-lex.europa.eu/. © Europäische Union. Weiterverwendung nach Beschluss 2011/833/EU mit Quellenangabe gestattet; die konsolidierten Fassungen stehen unter CC BY 4.0 (Rechtlicher Hinweis von EUR-Lex). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Verbindlich sind allein die im Amtsblatt der Europäischen Union veröffentlichten Rechtsakte.