Version in force , Modified +65 −23§
Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The provision now also includes investment holding companies alongside investment firms as entities that can be considered parent financial holding companies or EU parent financial holding companies, whereas before it referred only to investment firms.
The term "Union parent financial holding companies" was changed to "EU parent financial holding companies", and the introductory phrase was shortened from "For the purposes of the application of this Chapter" to "For the purposes of this Chapter".
Cited: Art. 10a, v1 (external, EUR-Lex) · Art. 10a, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 January 2024 02013R0575-20240109 → this version, in force 9 July 2024 02013R0575-20240709
Article 10a
Application of prudential requirements on a consolidated basis where investment firms are parent undertakings
For the purposes of the application of this Chapter, investment firms and investment holding companies shall be considered to be parent financial holding companies in a Member State or Union EU parent financial holding companies where such investment firms or investment holding companies are parent undertakings of an institution or of an investment firm subject to this Regulation that is referred to in Article 1(2) or (5) of Regulation (EU) 2019/2033.