1. Where consolidation is required pursuant to Article 18(3) of Regulation (EU) No 575/2013, the following entity shall be responsible for ensuring compliance with the requirements laid down in Part One, Title II, Chapter 2, Section 1, of Regulation (EU) No 575/2013 on the basis of the consolidated situation of all undertakings of the group:
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(a)
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the institution, where there is only one institution within the group;
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(b)
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the credit institution with the largest balance sheet total, where there are several credit institutions within the group;
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(c)
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the investment firm subject to Regulation (EU) No 575/2013 with the largest balance sheet total, where the group does not include any credit institution.
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