+Article 56 National economic importance threshold
---+Article 56 2
---+Article 56 3
---+Article 56 4
---+Article 56 5

Article 56 National economic importance threshold

A supervised entity established in a participating Member State or a supervised group whose parent undertaking is established in a participating Member State shall be classified as significant on the basis of its importance for the economy of the relevant participating Member State if:

1. Overview

,
Article 56 2

Formula
(national economic importance threshold)
Article 56 3

and
Article 56 4

A ≥ EUR 5 billion
Article 56 5

whereby

A

is the total value of assets determined in accordance with Articles 51 to 55 for a given calendar year, and

B

is the gross domestic product at market prices as defined in point 8.89 of Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council (14) (ESA 2010) and published by Eurostat for the given calendar year.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards