Art. 13
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Application of disclosure requirements on a consolidated basis
6 changes recorded across 6 events, newest first.
in force 2025-01-01 MODIFIED+11 −0§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
In paragraph 1, the list of articles whose information large subsidiaries of EU parent institutions must disclose now also includes Articles 449a and 449b, alongside the previously listed articles.
Cited: Art. 13, v1 · Art. 13, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 13
Application of disclosure requirements on a consolidated basis
1. EU parent institutions shall comply with Part Eight on the basis of their consolidated situation.
Large subsidiaries of EU parent institutions shall disclose the information specified in Articles 437, 438, 440, 442, 449a, 449b, 450, 451, 451a and 453 on an individual basis or, where applicable in accordance with this Regulation and Directive 2013/36/EU, on a sub-consolidated basis.
2. Institutions identified as resolution entities that are G-SII entities shall comply with Article 437a and point (h) of Article 447 on the basis of the consolidated situation of their resolution group.
3. The first subparagraph of paragraph 1 shall not apply to EU parent institutions, EU parent financial holding companies, EU parent mixed financial holding companies or resolution entities where they are included in equivalent disclosures on a consolidated basis provided by a parent undertaking established in a third country.
The second subparagraph of paragraph 1 shall apply to subsidiaries of parent undertakings established in a third country where those subsidiaries qualify as large subsidiaries.
4. Where Article 10 applies, the central body referred to in that Article shall comply with Part Eight on the basis of the consolidated situation of the central body. Article 18(1) shall apply to the central body and the affiliated institutions shall be treated as subsidiaries of the central body.
in force 2024-07-09 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2023-06-28 MODIFIED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2021-09-30 MODIFIED§
Amended by Regulation (EU) 2021/424 32021R0424
applies from: unchanged
Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it and the amending act's instructions do not mention it. All are shown; none is overruled.
In paragraph 2, the phrase describing which institutions are covered was changed from referring to resolution entities that are G-SIIs or that are part of a G-SII to referring to resolution entities that are G-SII entities.
Cited: Art. 13, v1 · Art. 13, v2
text before / after, on the event page →
in force 2020-12-28 MODIFIED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2019-06-27 MODIFIED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unchanged
Paragraph 1 now refers to "large subsidiaries" rather than "significant subsidiaries" and subsidiaries of material significance for their local market, adds Article 451a to the list of disclosures those subsidiaries must make, and describes disclosure as being on an individual basis or, where applicable under the Regulation and Directive 2013/36/EU, on a sub-consolidated basis, rather than on an individual or sub-consolidated basis.
Paragraph 2, which previously addressed institutions controlled by an EU parent financial holding company or mixed financial holding company and their significant or locally material subsidiaries, has been replaced with a provision addressing institutions identified as resolution entities that are G-SIIs or part of a G-SII, requiring compliance with Article 437a and point (h) of Article 447 on the basis of the consolidated situation of their resolution group.
Paragraph 3 now specifies that only the first subparagraph of paragraph 1 does not apply to the listed entities, expands that list to include EU parent financial holding companies, EU parent mixed financial holding companies and resolution entities, and adds a second subparagraph applying the second subparagraph of paragraph 1 to subsidiaries of third-country parent undertakings that qualify as large subsidiaries; paragraph 4 changes "is applied" to "applies" and "the subsidiaries" to "subsidiaries" but otherwise restates the same content.
Cited: Art. 13, v1 · Art. 13, v2
text before / after, on the event page →