The page covers the approval for the exclusion of institutions, financial institutions or ancillary services undertakings from the supervisory scope of consolidation pursuant to Article 19 (2) of Regulation (EU) No 575/2013 (CRR).
Pursuant to Article 19 (2) CRR, institutions are required to gain the approval of the supervisory authority for an application to exclude entities from the supervisory scope of consolidation. A timeframe of six months shall generally apply for this procedure from the date of submission of the complete application.
The information sheet contains a short overview of the the procedure to be conducted for this purpose, with the Financial Market Authority being the competent supervisory authority in this instance.
Please note that the following downloads are only available in German!