Regulatory Alerts2023-12-06
Added · Updated
Commission Delegated Regulation (EU) 2024/1728 on regulatory technical standards for identifying groups of connected clients
The European Commission adopts regulatory technical standards specifying the circumstances under which natural or legal persons constitute a single risk for identifying groups of connected clients under Regulation (EU) No 575/2013. The regulation defines control relationships based on consolidated financial statements, voting rights, or dominant influence, and establishes criteria for economic dependency such as significant transaction reliance or joint liability. Institutions must group entities meeting these conditions unless they can demonstrate in exceptional cases that no single risk prevails. This Regulation enters into force on the twentieth day following its publication in the Official Journal of the European Union.