icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
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
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2 
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Recently generated comparisons
None generated
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 18th April 2026
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application

AI Summary of Article 6 Capital adequacy

PreviousNext
Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2011 - onwards
Version 2 of 2

Article 6 Capital adequacy

1. Without prejudice to the sectoral rules, supplementary supervision of the capital adequacy of the regulated entities in a financial conglomerate shall be exercised in accordance with the rules laid down in Article 9(2) to (5), in Section 3 of this Chapter, and in Annex I.

2. The Member States shall require regulated entities in a financial conglomerate to ensure that own funds are available at the level of the financial conglomerate which are always at least equal to the capital adequacy requirements as calculated in accordance with Annex I.

The Member States shall also require regulated entities to have in place adequate capital adequacy policies at the level of the financial conglomerate.

The requirements referred to in the first and second subparagraphs shall be subject to supervisory overview by the coordinator in accordance with Section 3.

The coordinator shall ensure that the calculation referred to in the first subparagraph is carried out at least once a year, either by the regulated entities or by the mixed financial holding company.

PreviousNext