detected 2026-08-13 MODIFIED+50 −55§
no amending act named
applies from: unchanged
In paragraph 1, the phrase describing case-by-case permission changed from "case by case basis" to "case-by-case basis" and a comma was inserted after the reference to Article 6(1), with no other wording change.
In paragraph 2, the description of the absence of impediments was reworded from "no material practical or legal impediment, and none are foreseen" to "no current or foreseen material practical or legal impediment".
Cited: Art. 9, v1 · Art. 9, v2
text before / after
32013R0575 → 02013R0575-20130628
Article 9
Individual consolidation method
1. Subject to paragraphs 2 and 3 of this Article and to Article 144(3) of Directive 2013/36/EU, the competent authorities may permit on a case by case case-by-case basis parent institutions to incorporate in the calculation of their requirement under Article 6(1) 6(1), subsidiaries which meet the conditions laid down in points (c) and (d) of Article 7(1), 7(1) and whose material exposures or material liabilities are to that parent institution.
2. The treatment set out in paragraph 1 shall be permitted only where the parent institution demonstrates fully to the competent authorities the circumstances and arrangements, including legal arrangements, by virtue of which there is no current or foreseen material practical or legal impediment, and none are foreseen, impediment to the prompt transfer of own funds, or repayment of liabilities when due by the subsidiary to its parent undertaking.
3. Where a competent authority exercises the discretion laid down in paragraph 1, it shall on a regular basis and not less than once a year inform the competent authorities of all the other Member States of the use made of paragraph 1 and of the circumstances and arrangements referred to in paragraph 2. Where the subsidiary is in a third country, the competent authorities shall provide the same information to the competent authorities of that third country as well.