4.4. Determination of activities to be considered similar to points (a) and (b) under Article 4(1)(18)(c) of Regulation (EU) No 575/2013

For the purpose of application of Article 4(1)(18)(c) of Regulation (EU) No 575/2013, competent authorities should notify the EBA without undue delay of an activity that can be deemed similar to those referred under point (a) and (b), identifying the relevant undertaking performing the activity and explaining why its activity should be seen as similar also in accordance with these guidelines.

The EBA should apply these guidelines to determine whether the activity notified in accordance with paragraph 26 is similar to the activities referred to in Article 4(1)(18), points (a) and (b) of Regulation (EU) No 575/2013.