Article 4 1

1.   Where competent authorities determine that consolidation is to be carried out in accordance with Article 18(5) of Regulation (EU) No 575/2013, they may permit or require the use of the equity method pursuant to that Article unless they determine the proportional or full consolidation of the institution or financial institution concerned to be required in accordance with the conditions set out in paragraphs 2 to 5 of this Article.