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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 December 2020 - onwards
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Regulation 80H Application of the minimum requirement for own funds and eligible liabilities to entities that are not themselves resolution entities.

(1) Subject to paragraph (3), institutions that are subsidiaries of a resolution entity or of a third-country entity, but are not themselves resolution entities, shall comply with the requirements laid down in Regulation 80E on an individual basis.

(2) The resolution authority, after consulting with the competent authority, may decide to apply the requirement laid down in this Regulation to an entity referred to in Regulation 2(1)(b) to (i) that is a subsidiary of a resolution entity but is not itself a resolution entity.

(3) Notwithstanding paragraph (1), Union parent undertakings that are not themselves resolution entities, but are subsidiaries of third-country entities, shall comply with the requirements laid down in Regulations 80E and 80F, as applicable, on a consolidated basis.

(4) In the case of a resolution group referred to in subparagraph (b) of the definition in Regulation 3(1) of 'resolution group', the following shall comply with Regulation 80E(14) to (22) on an individual

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