{"id":4486,"date":"2016-04-20T16:04:39","date_gmt":"2016-04-20T14:04:39","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?page_id=4486"},"modified":"2024-01-09T19:04:21","modified_gmt":"2024-01-09T18:04:21","slug":"application-of-0-risk-weight-for-fully-consolidated-group-entities-in-austria","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/banks\/approval-procedures\/application-of-0-risk-weight-for-fully-consolidated-group-entities-in-austria\/","title":{"rendered":"Application of 0% Risk Weight for fully consolidated group entities in Austria"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p>The page contains information about the authorisation process of the supervisory authority regarding the exemption from the application of a risk weight of 0 % for fully consolidated entities in Austria within the group pursuant to Article 113 (6) <abbr title=\"Capital Requirements Regulation\">CRR<\/abbr> .<\/p><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38ea7c70d99\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38ea7c70d99\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38ea7c70d99\">        <span>Background<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38ea7c70d99\" class=\"collapse\" aria-labelledby=\"heading-6a38ea7c70d99\">    <div class=\"card-body\"><p><\/p><p>Pursuant to Article 113 (6) of Council Regulation (EU) No.&nbsp;575\/2013 (<abbr title=\"Capital Requirements Regulation\">CRR<\/abbr> ) credit institutions shall be required to request approval from the supervisory authorities for fully consolidated domestic entities within the group. A timeframe of six months shall generally apply for this procedure from the date of submission of the complete application.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38ea7c70fdd\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38ea7c70fdd\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38ea7c70fdd\">        <span>Procedure<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38ea7c70fdd\" class=\"collapse\" aria-labelledby=\"heading-6a38ea7c70fdd\">    <div class=\"card-body\"><p><\/p><p>Submission of complete documentation by the superordinate credit institution pursuant to Article 30 para. 5 <abbr title=\"Bankwesengesetz\">BWG<\/abbr>  (in the case of a horizontal group of entities, by the consolidating entity) or the responsible entity pursuant to Article 30 para. 6 <abbr title=\"Bankwesengesetz\">BWG<\/abbr>  via the Incoming Platform &ndash; please note that the time period for the procedure shall only begin once all documentation has been submitted. The documentation to be submitted consists of the items listed in the information sheet (in German only).<\/p><p>The Financial Market Authority reserves the right to place additional requirements or to request additional proof from the institutions during the authorisation process.<\/p><p>    <\/div>  <\/div><\/div><p>\n<\/p><h2>Further Information<\/h2><p>\n<div id=\"reference-6a38ea7c71147\" class=\"reference\"><h3 class=\"reference-heading\"><span class=\"fa-solid fa-download fa-fw\" aria-hidden=\"true\"><\/span>Downloads<\/h3><p><\/p><p>\n<a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=1086&nonce=e34db9e325e8bc05\" class=\"internal single-document-reference piwik_download\">Informationsblatt betreffend das Verfahren gem\u00e4\u00df Artikel 113 Abs. 6 CRR (<span class=\"sr-only\">Format: <\/span>pdf, <span class=\"sr-only\">Size: <\/span>50,2 KB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n<\/p><p><\/div><p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The page contains information about the authorisation process of the supervisory authority regarding the exemption from the application of a &#8230;<\/p>\n","protected":false},"author":20,"featured_media":0,"parent":4032,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-4486","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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