Version detected , Modified +4 −2§
no amending act named
Explanation, written by a model and checked against the cited text
The heading changed from referring to a derogation 'to' the application of prudential requirements on an individual basis to a derogation 'from' that application.
The substantive text of paragraphs 1, 2 and 3, including all listed conditions, remains the same, with only formatting differences in how the paragraph numbers are presented.
Cited: Art. 7, v1 (external, EUR-Lex) · Art. 7, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version 32013R0575 → this version, detected 13 August 2026 02013R0575-20130628
Article 7
Derogation to from the application of prudential requirements on an individual basis
1. Competent authorities may waive the application of Article 6(1) to any subsidiary of an institution, where both the subsidiary and the institution are subject to authorisation and supervision by the Member … 327 unchanged words … a Member State;
(b) the risk evaluation, measurement and control procedures relevant for consolidated supervision cover the parent institution in a Member State.
The competent authority which makes use of this paragraph shall inform the competent authorities of all other Member States.