+47. When assessing whether the expression ‘the business of which’ is met, competent authorities …
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47. When assessing whether the expression ‘the business of which’ is met, competent authorities …
When assessing whether the expression ‘the business of which’ is met, competent authorities should assess that the combination of both activities of ‘taking deposits or other repayable funds from the public’ and ‘granting credit for its own account’ will be performed on a regular and systematic basis.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
| Source |
Requirement |
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