Mapping procedure

The coordinator should carry out a mapping process in cooperation with the other competent authorities which have authorised regulated entities that are part of the financial conglomerate. Those competent authorities should use the outcome of the mapping process to determine the appropriate extent of supplementary supervision based on the organisation, scale and complexity of the financial conglomerate.

The mapping process should be performed taking due consideration of the identification process described in Article 4 of Directive 2002/87/EC. Similarly, the outcome of the mapping process should be used in annual updates of the financial conglomerate identification process.

The mapping process should involve collecting and analysing information needed to identify the competent authorities that, in accordance with Article 11(1) of Directive 2002/87/EC, need to have coordination arrangements in place.

The coordinator should ensure the performance of the mapping process on the basis of the following prerequisites:

• a) a financial conglomerate has been already identified in accordance with Article 4 of Directive 2002/87/EC and through cooperation of competent authorities;
• b) there is a sectoral college established pursuant to Article 116 of Directive 2013/36/EU or Article 248(2) of Directive 2009/138/EC; and the coordinator has been appointed in accordance with Article 10 of Directive 2002/87/EC.

The mapping process should:

• a) take into account the outcome of the mapping processes carried out at the sectoral level;
• b) focus on the cross-sectoral linkages, such as close links and participations, between the regulated entities in a financial conglomerate, the mixed financial holding company or the other entities of the financial conglomerate relevant for supervision.

To prepare the draft mapping and transmit it to the relevant competent authorities for their input, the coordinator should engage in dialogue with the regulated entity under its supervisory remit which is the head of the financial conglomerate; where the financial conglomerate is not headed by a regulated entity, the coordinator should, in addition to the head of the conglomerate, also engage in dialogue with the regulated entity under its supervisory remit referred to in Article 10 (2) (b) of Directive 2002/87/EC.

The mapping should be updated regularly, at least annually, taking into account changes in the financial conglomerate’s structure. Any updates to the initial mapping should be circulated to all the relevant competent authorities.

The mapping should take into account all the entities relevant for supervision within the group, and it should indicate under which of the following financial sectors each regulated entity falls:

• a) insurance undertakings and reinsurance undertakings; or
• b) credit institutions and investment firms.

For the entities relevant for supervision mentioned in paragraph 14, the mapping should identify:

• a) all EEA subsidiaries;
• b) EEA branches that are either significant for the local market or important for the sectoral group, according to the definition of such branches provided for in the respective sectoral directives;
• c) non-EEA subsidiaries and branches relevant for the sectoral group; and
• d) the list of relevant intra-group participations in the meaning of Article 2 (11) and (12) of Directive 2002/87/EC

The coordinator should set out the mapping using the template in Annex 1.