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  2. Legislation (EU)
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  1. Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17)
  2. Part IV Determining the status of a supervised entity as significant or less significant (arts. 39-72)
  3. Title 3 Determining significance on the basis of size (arts. 50-55)
  4. Article 51 Basis for determining whether or not a supervised entity is significant on the basis of size
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Version status: Entered into force | Document consolidation status: No known changes
Version date: 15 May 2014 - onwards
  Version 2 of 2    

Article 51 Basis for determining whether or not a supervised entity is significant on the basis of size

1. If the supervised entity is part of a supervised group, the total value of its assets shall be determined on the basis of the year-end prudential consolidated reporting for the supervised group in accordance with applicable law.

2. If total assets cannot be determined on the basis of the data referred to in paragraph 1, the total value of assets shall be determined on the basis of the most recent audited consolidated annual accounts prepared in accordance with International Financial Reporting Standards (IFRS) as applicable within the Union in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council [Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ L 243, 11.9.2002, p. 1).]. and, if those annual accounts are not available, the consolidated annual accounts prepared in accordance with applicable national accounting laws.

3. If the supervised entity i

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