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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards
  Version 3 of 3    

Regulation 121 Global and other systemically important institutions

(1) The Bank is designated for the purposes of Article 131(1) of the Capital Requirements Directive as the authority in charge of identifying, on a consolidated basis, G-SIIs, and, on an individual, sub-consolidated or consolidated basis, as applicable, other systemically important institutions (in these Regulations referred to as "O-SIIs"), which have been authorised within the State.

(2) For the purposes of paragraph (1) -

(a) G-SIIs shall be -

(i) a group headed by an EU parent institution, an EU parent financial holding company, an EU parent mixed-financial holding company, or

(ii) an institution that is not a subsidiary of an EU parent institution, of an EU parent financial holding company or of an EU parent mixed-financial holding company,

(b) O-SIIs may either be an institution or a group headed by an EU parent institution, an EU parent financial holding company, an EU parent mixed-financial holding company, a parent institution in a Member State, a parent financial holding comp

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