24. In line with the general criteria provided in 15 to 21, the ownership or management of property …

In line with the general criteria provided in 15 to 21, the ownership or management of property activities should be considered ancillary to banking, in any of the following illustrative situations:

• a. the activity supports banking, including situations where:
• i. the properties owned or managed by the undertaking are used to support the operations of banking business (e.g. bank branches or head offices); or
• ii. the undertaking properties’ ownership arises as a direct result of banking business.
• b. the activity complements banking, including situations where:
• i. the undertaking actively markets to its clients complementary banking products or services (e.g. mortgages) that support the group cross-selling strategy;
• ii. institutions or financial institutions of the group actively offer and sell to their clients investments in real estate funds, or invest clients’ managed assets in such real estate funds, the properties of which are to a large degree managed by the undertaking; or
• iii. the property management services of the undertaking (e.g. the management of investment properties for clients) are marketed as a supplementary service to those of banking (e.g. portfolio management).
• c. the activity significantly relies on banking, including situations where:
• i. for the funding of properties owned or developed, the undertaking significantly relies on financing from institutions or financial institutions of the group; or
• ii. the undertaking relies on certain banking products or services provided by institutions or financial institutions of the group to carry out its activities. These services should include projects’ financial risk assessment, risk management, compliance support, or other services which demonstrate a high level of interconnectedness and dependency of the undertaking.

1. Pregled

1.1 Sklici

1.2 Ugotovljene zahteve

1.3 Povezani standardi

2. Ugotovljene zahteve

3. Povezani standardi

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/