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Directive 2002/87/EC - Financial Conglomerates Directive (FICOD)RecitalsChapter I Objective and Definitions (arts. 1-4)Article 1 Subject matterArticle 2 DefinitionsArticle 3 Thresholds for identifying a financial conglomerateArticle 4 Identifying a financial conglomerateChapter II Supplementary supervision (arts. 5-19)Section 1 Scope (art. 5)Article 5 Scope of supplementary supervision of regulated entities referred to in Article 1Section 2 Financial position (arts. 6-9)Article 6 Capital adequacyArticle 7 Risk concentrationArticle 8 Intra-group transactionsArticle 9 Internal control mechanisms and risk management processesSection 3 Measures to Facilitate Supplementary Supervision and Powers of the Joint Committee (arts. 9a-17)Article 9a Role of the Joint CommitteeArticle 9b Stress testingArticle 10 Competent authority responsible for exercising supplementary supervision (the coordinator)Article 11 Tasks of the coordinatorArticle 12 Cooperation and exchange of information between competent authoritiesArticle 12a Cooperation and exchange of information with the Joint CommitteeArticle 12b Common guidelinesArticle 13 Management body of mixed financial holding companiesArticle 14 Access to informationArticle 15 VerificationArticle 16 Enforcement measuresArticle 17 Additional powers of the competent authoritiesSection 4 Third countries (arts. 18-19)Article 18 Parent undertakings in a third countryArticle 19 Cooperation with third-country competent authoritiesChapter III Delegated Acts and Implementing Measures (arts. 20-21c)Article 20 Powers conferred on the CommissionArticle 21 CommitteeArticle 21a Technical standardsArticle 21b Common GuidelinesArticle 21c Exercise of the delegationChapter IV Amendments to existing Directives (arts. 22-29)Article 22 Amendments to Directive 73/239/EECArticle 23 Amendments to Directive 79/267/EECArticle 24 Amendments to Directive 92/49/EECArticle 25 Amendments to Directive 92/96/EECArticle 26 Amendments to Directive 93/6/EECArticle 27 Amendments to Directive 93/22/EECArticle 28 Amendments to Directive 98/78/ECArticle 29 Amendments to Directive 2000/12/ECChapter V Asset management companies (arts. 30-30b)Article 30 Asset management companiesArticle 30a Alternative investment fund managersArticle 30b Accessibility of information on the European single access pointChapter VI Transitional and final provisions (arts. 31-33)Article 31 Report by the CommissionArticle 32 TranspositionArticle 33 Entry into forceArticle 34 AddresseesAnnex I Capital adequacyAnnex II Technical application of the provisions on intra-group transactions and risk concentrationDone at
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AI Summary of Article 4 Identifying a financial conglomerate

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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2011 - onwards
Version 3 of 3

Article 4 Identifying a financial conglomerate

1. Competent authorities which have authorised regulated entities shall, on the basis of Articles 2, 3 and 5, identify any group that falls under the scope of this Directive.

For this purpose:

- competent authorities which have authorised regulated entities in the group shall cooperate closely,

- if a competent authority is of the opinion that a regulated entity authorised by that competent authority is a member of a group which may be a financial conglomerate and which has not already been identified in accordance with this Directive, the competent authority shall communicate its view to the other competent authorities concerned and to the Joint Committee.

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