Regulatory Alerts2021-03-09
Added · Updated
Approval requirement for financial holding companies
An approval requirement applies to certain Dutch-based mixed financial holding companies, making them directly responsible for compliance with consolidated prudential requirements under the Capital Requirements Directive. Holding companies must apply for approval or an exemption via the Digital Reporting Portal or the ECB, depending on whether their group includes less significant or significant banks. Existing holding companies were required to submit their applications by 28 June 2021.