Regulatory Alerts2021-08-25
JC 2016 Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in the financial sector
The Joint Committee of European supervisory authorities issued these guidelines to establish a harmonized framework for assessing acquisitions and increases of qualifying holdings across the financial sector. The document specifies the prudential criteria and procedures that competent authorities must apply when evaluating the suitability of acquirers to ensure financial stability. It aims to eliminate regulatory arbitrage by ensuring consistent application of supervision standards among banks, insurance undertakings, and investment firms.
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