Regulatory Alerts2021-12-07
Compliance with EBA Guidelines on the supervision of the threshold and other procedural aspects concerning the establishment of intermediate parent companies (EBA/GL/2021/08)
The French Prudential Supervision and Resolution Authority (ACPR) has formally declared compliance with European Banking Authority Guidelines EBA/GL/2021/08 concerning threshold supervision and procedural requirements for establishing intermediate parent companies in the Union. These guidelines take effect on 31 December 2021 and apply to ACPR-supervised branches and subsidiaries of third-country groups, encompassing financial holding companies, mixed financial holding companies, investment holding companies, credit institutions, and investment firms. All covered entities must implement all necessary measures to ensure full compliance with these requirements in accordance with Article 16 of Regulation (EU) No 1093/2010.
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