+Article 91 4.

Article 91 4.

For the purposes of paragraph 3, the following shall count as a single directorship:

(a) 

executive or non-executive directorships held within the same group;

(b) 

executive or non-executive directorships held within either of the following:

(i) 

entities which are members of the same institutional protection scheme provided that the conditions set out in Article 113(7) of Regulation (EU) No 575/2013 are fulfilled or entities where the same institutional protection scheme holds a qualifying holding;

(ii) 

undertakings, including non-financial entities, in which the entity holds a qualifying holding.

For the purposes of the first subparagraph, point (a), of this paragraph, a group shall mean a group of undertakings that are related to each other as described in Article 22 of Directive 2013/34/EU or a group of undertakings that are subsidiaries of the same financial holding company or mixed financial holding company.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards