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  1. European Communities (Financial Conglomerates) Regulations, 2004 [S.I. No. 727 of 2004]
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 19 November 2004

European Communities (Financial Conglomerates) Regulations, 2004 [S.I. No. 727 of 2004]

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Part 1 Preliminary Provisions (regs. 1-3)
In force
 Regulation 1 Citation and commencement
In force
 Regulation 2 Object of these Regulations
In force
 Regulation 3 Definitions
In force
 Regulation 3A
Part 2 Identifying Financial Conglomerates (regs. 4-5)
In force
 Regulation 4 Thresholds for identifying a financial conglomerate
In force
 Regulation 5 How a financial conglomerate is to be identified
Part 3 Supplementary Supervision (regs. 6-11)
In force
 Regulation 6 Scope of supplementary supervision of regulated entities
In force
 Regulation 7 Which bodies have responsibility for exercising supplementary supervision of regulated entities
In force
 Regulation 8 Capital adequacy
In force
 Regulation 9 Risk concentration
In force
 Regulation 10 Intra-group transactions
In force
 Regulation 11 Internal control mechanisms and risk management processes
Part 4 Measures to Facilitate Supplementary Supervision (regs. 12-21)
In force
 Regulation 12 Co-ordinator to be appointed in respect of financial conglomerate
In force
 Regulation 13 Bank required to maintain a register of financial conglomerates
In force
 Regulation 14 Powers of Bank when appointed as co-ordinator of a financial conglomerate
In force
 Regulation 15 Powers of co-ordinator when the Bank is not the co-ordinator
In force
 Regulation 16 Tasks to be undertaken by co-ordinator with respect to supplementary supervision of regulated entities within a financial conglomerate
In force
 Regulation 17 Co-operation and exchange of information between competent authorities
In force
 Regulation 17A Cooperation and exchange of information with the Joint Committee
In force
 Regulation 18 Only suitably qualified persons of good repute and with sufficient experience to manage mixed financial holding companies
In force
 Regulation 19 Entities within financial conglomerate entitled to exchange information among themselves
In force
 Regulation 20 Bank entitled to access to certain information
In force
 Regulation 20A Stress testing
In force
 Regulation 21 Verification of information requested by the Bank or another competent authority
Part 5 Enforcement of These Regulations (regs. 22-29)
In force
 Regulation 22 Measures for enforcing these Regulations
In force
 Regulation 23 Additional powers of the Bank
In force
 Regulation 24 Special provisions for mixed financial holding companies that have their head offices in the State
In force
 Regulation 25 Offence to provide false or misleading information in purported compliance with direction or requirement under these Regulations
In force
 Regulation 26 Liability of directors and managers for offences committed by entities
In force
 Regulation 27 Penalties for offences under these Regulations
In force
 Regulation 28 Prosecution of offences under these Regulations
In force
 Regulation 29 Power of the High Court to make enforcement orders
Part 6 Financial Conglomerates Whose Parent Undertakings are Located in Third Countries (regs. 30-32)
In force
 Regulation 30 Application of this Part to financial conglomerates whose parent undertakings are located outside the Member States
In force
 Regulation 31 Co-ordinators of financial conglomerates to which this Part applies
In force
 Regulation 32 Obligations and powers of the Bank in relation to financial conglomerates to which this Part applies
Part 7 Miscellaneous Provisions (regs. 33-34)
In force
 Regulation 34 Regulations not to limit application of Sectoral Rules
In force
 Regulation 33 Financial Conglomerates Committee to be notified of principles applicable to supervision of intra group transactions and risk concentration
In force
 Schedule 1 Capital Adequacy Requirements
In force
 Schedule 2 Technical Application of the Provisions on Intra-Group Transactions and Risk Concentration
Given under
Explanatory Note
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