Article 119

Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 3 > Section II > Article 119
Article 119
Inclusion of holding companies in consolidated supervision
Main content: 

1.    Subject to Article 21a, Member States shall adopt any measures necessary to include financial holding companies and mixed financial holding companies in consolidated supervision.

2.    Where a subsidiary that is an institution is not included in super­ vision on a consolidated basis under one of the cases provided for in Article 19 of Regulation (EU) No 575/2013, the competent authorities of the Member State in which that subsidiary is situated may ask the parent undertaking for information which may facilitate their super­ vision of that subsidiary.

3.    Member States shall enable their competent authorities responsible for exercising supervision on a consolidated basis to ask the subsidiaries of an institution, a financial holding company or mixed financial holding company, which are not included within the scope of super­ vision on a consolidated basis for the information referred to  in Article 122. In such a case, the procedures for transmitting and checking the information set out in that Article shall apply.