11. An undertaking should not be regarded as an ASU, where one of the following conditions is met …

An undertaking should not be regarded as an ASU, where one of the following conditions is met:

• a. it is a pure industrial holding company, a securitisation special purpose entity, an insurance holding company as defined in Article 212(1), point (f), of Directive 2009/138/EC or a mixed-activity insurance holding company as defined in Article 212(1), point (g), of that Directive, except where a mixed-activity insurance holding company has a subsidiary institution; or
• b. it already falls within the definition of institution, financial institution or financial sector entity under points (3), (26) and (27) of Article 4(1) of Regulation (EU) No 575/2013, for any reason other than being an ASU.

1. Overview

1.1 References

• Article 4 1.

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/