detected 2026-08-13 MODIFIED+4 −2§
no amending act named
applies from: unchanged
The heading changed from referring to a derogation 'to' the application of prudential requirements on an individual basis to a derogation 'from' that application.
The substantive text of paragraphs 1, 2 and 3, including all listed conditions, remains the same, with only formatting differences in how the paragraph numbers are presented.
Cited: Art. 7, v1 · Art. 7, v2
text before / after
32013R0575 → 02013R0575-20130628
Article 7
Derogation to from the application of prudential requirements on an individual basis
1. Competent authorities may waive the application of Article 6(1) to any subsidiary of an institution, where both the subsidiary and the institution are subject to authorisation and supervision by the Member … 327 unchanged words … a Member State;
(b) the risk evaluation, measurement and control procedures relevant for consolidated supervision cover the parent institution in a Member State.
The competent authority which makes use of this paragraph shall inform the competent authorities of all other Member States.