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Version status: Entered into force | Document consolidation status: No known changes
Version date: 15 May 2014 - onwards
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Article 59 Criteria for determining significance on the basis of the significance of cross-border activities of a supervised group

1. A supervised group may be considered significant by the ECB on the basis of its cross-border activities only when the parent undertaking of a supervised group has established subsidiaries, which are themselves credit institutions, in more than one other participating Member State.

2. A supervised group may be considered significant by the ECB on the basis of its cross-border activities only if the total value of its assets exceeds EUR 5 billion and:

(a) the ratio of its cross-border assets to its total assets is above 20 %; or

(b) the ratio of its cross-border liabilities to its total liabilities is above 20 %.

3. Article 52(3) shall apply accordingly.

Comparing proposed amendment...