Art. 22
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Sub-consolidation in the case of entities in third countries
8 changes recorded across 8 events, newest first.
in force 2025-01-01 MODIFIED+361 −155§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The heading changes from 'Sub-consolidation in case of entities in third countries' to 'Sub-consolidation in the case of entities in third countries'.
Paragraph 1 extends the entities subject to the sub-consolidated application requirement from subsidiary institutions (or their financial/mixed financial holding company parent) to also directly name subsidiary intermediate financial holding companies and subsidiary intermediate mixed financial holding companies, removing the prior reference to the parent undertaking's status.
Paragraph 2 similarly adds subsidiary intermediate financial holding companies and subsidiary intermediate mixed financial holding companies as entities that may choose the derogation and whose total assets and off-balance-sheet items are used in the 10% threshold calculation.
Cited: Art. 22, v2 · Art. 22, v1
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 22
Sub-consolidation in the case of entities in third countries
1. Subsidiary institutions or subsidiary intermediate financial holding companies or subsidiary intermediate mixed financial holding companies shall apply the requirements laid down in Articles 89, 90 and 91 and Parts Three, Four and Seven and the associated reporting requirements laid down in Part Seven A on the basis of their sub-consolidated situation if those institutions, or their parent undertaking where the parent undertaking is a financial holding company or mixed financial holding company, they have an institution or a financial institution as a subsidiary in a third country, or hold a participation in such an undertaking.
2. By way of derogation from paragraph 1 of this Article, subsidiary institutions or subsidiary intermediate financial holding companies or subsidiary intermediate mixed financial holding companies may choose not to apply the requirements laid down in Articles 89, 90 and 91 and Parts Three, Four and Seven and the associated reporting requirements laid down in Part Seven A on the basis of their sub-consolidated situation where the total assets and off-balance-sheet items of the subsidiaries and participations in third countries are less than 10 % of the total amount of the assets and off-balance-sheet items of the subsidiary institution. institution or subsidiary intermediate financial holding company or subsidiary intermediate mixed financial holding company.
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.
Paragraph 1 now also refers to the parent undertaking of the subsidiary institution, where that parent is a financial holding company or mixed financial holding company, as an entity that may have an institution or financial institution as a subsidiary in a third country or hold a participation in such an undertaking.
Paragraph 2 changes the phrase describing whose subsidiaries and participations in third countries are counted, from 'their subsidiaries and participations' to 'the subsidiaries and participations'.
Cited: Art. 22, v2 · Art. 22, v1
text before / after, on the event page →
in force 2021-06-28 MODIFIED§
Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873
applies from: unchanged
The heading changes slightly from 'cases' to 'case' and the article is now split into two numbered paragraphs, whereas before it was a single unnumbered block of text.
Paragraph 1 expands the list of applicable requirements to include Part Seven and the associated reporting requirements in Part Seven A, in addition to Articles 89 to 91 and Parts Three and Four, and removes the earlier reference to the parent undertaking being a financial holding company or mixed financial holding company.
A new paragraph 2 is added allowing subsidiary institutions to choose not to apply those same requirements on a sub-consolidated basis where the total assets and off-balance-sheet items of their third-country subsidiaries and participations are less than 10% of the subsidiary institution's total assets and off-balance-sheet items.
Cited: Art. 22, v1 · Art. 22, v2
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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: 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 →
detected 2026-08-13 MODIFIED§
no amending act named
applies from: unchanged
The reference has changed from Parts Three and Five to Parts Three and Four as the parts of the requirements that subsidiary institutions must apply on a sub-consolidated basis.
Cited: Art. 22, v1 · Art. 22, v2
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