Exemptions for mixed financial holding companies

(1) Where a mixed financial holding company, in particular with regard to risk-based supervision, is subject to equivalent provisions under Directive 2013/36/EU and Directive 2002/87/EC, the supervisory authority may, after consulting the authorities responsible for the supervision of subsidiary undertakings, apply to the mixed financial holding company only the relevant provisions of Directive 2002/87/EC.
(2) Where a mixed financial holding company, in particular with regard to risk-based supervision, is subject to equivalent provisions under Directive 2013/36/EU and Directive 2009/138/EC, the supervisory authority may, in agreement with the authority responsible for group supervision in the insurance sector, apply to the mixed financial holding company only the provisions of the Directive relating to the most important financial sector under section 8(2) of the Financial Conglomerates Supervision Act.