+Article 325b 3.

Article 325b 3.

Where there are undertakings located in third countries, all the following conditions shall be met in addition to those set out in paragraph 2:

(a) 

such undertakings have been authorised in a third country and either satisfy the definition of a credit institution or are recognised third-country investment firms;

(b) 

on an individual basis, such undertakings comply with own funds requirements equivalent to those laid down in this Regulation;

(c) 

no regulations exist in the third countries in question which might significantly affect the transfer of funds within the group.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards