Regulation 9G Cooperation with other authorities: non-financial conglomerates | European Union (Capital Requirements) Regulations 2014 [S.I. No. 158 of 2014] | Better Regulation

AI Summary of Regulation 9G Cooperation with other authorities: non-financial conglomerates

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 29 December 2020 - onwards

Regulation 9G Cooperation with other authorities: non-financial conglomerates

(1) This paragraph applies where -

(a) the consolidating supervisor in respect of a financial holding company or a mixed financial holding company is different from the competent authority in the Member State where the financial holding company or the mixed financial holding company, as the case may be, is established,

(b) the Bank is that consolidating supervisor or competent authority, and

(c) a decision is required in respect of the financial holding company or a mixed financial holding company, as the case may be, under Regulation 9C(1), Regulation 9D(1) or (4) or Regulation 9F(1).

(2) Where paragraph (1) applies, the Bank shall work together in full consultation with the other relevant authority, for the purpose of taking a decision under Regulation 9C(1), Regulation 9D(1) or (4) or Regulation 9F(1), as the case may be.

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