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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2011 - onwards
Version 3 of 3

Article 4 Identifying a financial conglomerate

1. Competent authorities which have authorised regulated entities shall, on the basis of Articles 2, 3 and 5, identify any group that falls under the scope of this Directive.

For this purpose:

- competent authorities which have authorised regulated entities in the group shall cooperate closely,

- if a competent authority is of the opinion that a regulated entity authorised by that competent authority is a member of a group which may be a financial conglomerate and which has not already been identified in accordance with this Directive, the competent authority shall communicate its view to the other competent authorities concerned and to the Joint Committee.