in force 2025-01-01 MODIFIED+88 −229§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
In paragraph 1(a), the reference to Article 151(4) and (9) and Article 312(2) alongside Article 143(1), 283 and 363 has been replaced by a shorter list citing only Article 151(9), Article 283 and Article 325az alongside Article 143(1), removing the separate references to Article 151(4), Article 312(2) and Article 363.
In paragraph 6, the reference to the Advanced Measurement Approach under Article 312(2) and the associated qualifying criteria in Articles 321 and 322 has been removed, leaving only the IRB Approach under Article 143 and the qualifying criteria in Part Three, Title II, Chapter 3, Section 6.
Cited: Art. 20, v1 · Art. 20, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 20
Joint decisions on prudential requirements
1. The competent authorities shall work together, in full consultation:
(a) in the case of applications for the permissions referred to in Article 143(1), Article 151(4) 151(9), Article 283 and (9), Article 283, Article 312(2) and Article363 respectively 325az submitted by an EU parent institution and its subsidiaries, or jointly by the subsidiaries of an EU parent financial holding company or EU parent mixed financial holding company, to decide whether or not to grant the permission sought and to … 703 unchanged words … the end of the six-month period or after a joint decision has been reached.
6. Where an EU parent institution and its subsidiaries, the subsidiaries of an EU parent financial holding company or an EU parent mixed financial holding company use an Advanced Measurement Approach referred to in Article 312(2) or an the IRB Approach referred to in Article 143 on a unified basis, the competent authorities shall allow the parent and its subsidiaries, considered together, to meet the qualifying criteria set out in Articles 321 and 322 or in Part Three, Title II, Chapter 3, Section 6 respectively to be met by the parent and its subsidiaries considered together, in a way that is consistent with the structure of the group and its risk management systems, processes and methodologies.
7. The decisions referred to in paragraphs 2, 4 and 5 shall be recognised as determinative and applied by the competent authorities in the Member States concerned.
8. EBA shall develop draft implementing technical standards to specify the joint decision process referred to in paragraph 1, point (a), of this Article with regard to the applications for permissions referred to in Article 143(1), Article 151(9) and Articles 283 and 325az with a view to facilitating joint decisions.
EBA shall submit those draft implementing technical standards to the Commission by 10 July 2025.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1093/2010.