1. Parent financial holding companies in a Member State, parent mixed financial holding companies in a Member State, EU parent financial holding companies and EU parent mixed financial holding companies shall seek approval in accordance with this Article. Other financial holding companies or mixed financial holding companies shall seek approval in accordance with this Article where they are required to comply with this Directive or Regulation (EU) No 575/2013 on a sub-consolidated basis or where they are designated as responsible for ensuring the group's compliance with prudential requirements on a consolidated basis as referred to in paragraph 4, point (c), of this Article.
Competent authorities shall, on a regular basis, and in any event at least annually, review the parent undertakings of an institution in order to verify if that institution, the entity requesting an authorisation pursuant to Article 8, or the entity designated as responsible for ensuring the group's compliance with
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