17. For the purposes of assessing the condition referred to in paragraph 15(a), competent …

For the purposes of assessing the condition referred to in paragraph 15(a), competent authorities may exempt the Union parent investment firm, Union parent investment holding company or Union parent mixed financial holding company from the obligation to calculate the own funds requirements of the investment firm group according to Article 7 of Regulation (EU) 2019/2033 if they deem that the effort required to perform such a calculation would be disproportionate. If competent authorities grant this exemption, the own funds requirements of the investment firm group according to Article 7 of that regulation should be replaced with the sum of the individual own funds requirements of all undertakings of the group that are Union parent investment firms, Union parent investment holding companies, Union parent mixed financial holding companies and any other parent undertakings that are investment firms, financial institutions, ancillary services undertakings or tied agents. If an undertaking is not an investment firm, the individual own funds requirements are those applicable under the relevant prudential framework. If an undertaking is a subsidiary undertaking located in a third country, the individual own funds requirements should be calculated in accordance with paragraph 20.

1. Overview

1.1 References

• Article 7 Prudential consolidation

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/