Question ID:
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Other issues
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Not applicable
Disclose name of institution / entity:
Type of submitter:
Competent authority
Subject Matter:
Scope of Prudential consolidation

Which is the applicability of Article 22 CRR for successive subsidiaries of a Significant Institution (SI) in the SSM and rest of EU, when the subsidiary in a third country as referred in Article 22 CRR is held by the subsidiary in the SSM or rest of the EU that is the last in the chain of the successive subsidiaries of the SI?

Background on the question:

The case described in the background is the following:

1. A significant institution (SI) has a direct subsidiary institution (S1) in the same Member State.

2. S1 has a second Subsidiary institution (S2) in the same Member State.

3. S2 has a subsidiary (S3) in another EU Member State that is a Financial Holding Company (FHC)

4. S3 has a subsidiary in a Third Country that is an institution. The participation in such a subsidiary is the main asset on the balance sheet of S3.

Date of submission:
Published as Rejected Q&A
Rationale for rejection:

Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.

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Rejected question