(1) The Bank shall exempt a financial holding company or mixed financial holding company from the requirement to make an application for approval under this Chapter where all of the following conditions are satisfied:
(a) the financial holding company's principal activity is the acquisition of holdings in subsidiaries or, in the case of a mixed financial holding company, its principal activity with respect to institutions or financial institutions is to acquire holdings in subsidiaries;
(b) the financial holding company or mixed financial holding company, as the case may be, has not been designated as a resolution entity in any of the resolution groups of the group concerned in accordance with the resolution strategy determined by the relevant resolution authority in accordance with Directive 2014/59/EU;
(c) a subsidiary credit institution is designated as responsible for ensuring the group's compliance with prudential requirements on a consolidated basis and is given all the necessary
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