1. Member States shall require institutions, and financial holding companies and mixed financial holding companies within the scope of Article 21a(1) to notify their competent authority in writing in advance of any material transfer of assets or liabilities which they execute either through a sale or any other type of transaction (the "proposed operation").
Where the proposed operation involves only entities from the same group, those entities shall also be subject to the first subparagraph.
For the purposes of the first and second subparagraphs, each of the entities involved in the same proposed operation shall be subject individually to the obligation to notify set out therein.
2. For the purposes of paragraph 1, the proposed operation shall be deemed material for an entity where it is at least equal to 10 % of its total assets or liabilities, unless the proposed operation is executed between entities of the same group, in which case the proposed operation shall be deemed material fo
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