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Financial Conglomerates Directive

Directive 2002/87/EC on the supplementary supervision of financial conglomerates
32002L0087 · official text on EUR-Lex

Articles

Chapter I OBJECTIVE AND DEFINITIONS

• Article 1 — Objective
• Article 2 — Definitions
• Article 3 — Thresholds for identifying a financial conglomerate
• Article 4 — Identifying a financial conglomerate

Chapter II SUPPLEMENTARY SUPERVISION

Section 1 SCOPE

• Article 5 — Scope of supplementary supervision of regulated entities referred to in Article 1

Section 2 FINANCIAL POSITION

• Article 6 — Capital adequacy
• Article 7 — Risk concentration
• Article 8 — Intra-group transactions
• Article 9 — Internal control mechanisms and risk management processes

Section 3 MEASURES TO FACILITATE SUPPLEMENTARY SUPERVISION

• Article 10 — Competent authority responsible for exercising supplementary supervision (the coordinator)
• Article 11 — Tasks of the coordinator
• Article 12 — Cooperation and exchange of information between competent authorities
• Article 13 — Management body of mixed financial holding companies
• Article 14 — Access to information
• Article 15 — Verification
• Article 16 — Enforcement measures
• Article 17 — Additional powers of the competent authorities

Section 4 THIRD COUNTRIES

• Article 18 — Parent undertakings outside the Community
• Article 19 — Cooperation with third-country competent authorities

Chapter III POWERS CONFERRED ON THE COMMISSION AND COMMITTEE PROCEDURE

• Article 20 — Powers conferred on the Commission
• Article 21 — Committee

Chapter IV AMENDMENTS TO EXISTING DIRECTIVES

• Article 22 — Amendments to Directive 73/239/EEC
• Article 23 — Amendments to Directive 79/267/EEC
• Article 24 — Amendments to Directive 92/49/EEC
• Article 25 — Amendments to Directive 92/96/EEC
• Article 26 — Amendments to Directive 93/6/EEC
• Article 27 — Amendments to Directive 93/22/EEC
• Article 28 — Amendments to Directive 98/78/EC
• Article 29 — Amendments to Directive 2000/12/EC

Chapter V ASSET MANAGEMENT COMPANIES

• Article 30 — Asset management companies

Chapter VI TRANSITIONAL AND FINAL PROVISIONS

• Article 31 — Report by the Commission
• Article 32 — Transposition
• Article 33 — Entry into force
• Article 34 — Addressees