The new guidelines on exclusions in group supervision define the conditions under which a supervisor may exclude certain entities from the consolidated scope, emphasising that such decisions can only be taken in exceptional circumstances and must be duly justified, in order to ensure consistent practices across the European Economic Area. The revised guidelines on related undertakings update the original 2015 text to reflect changes in the definition of holdings in financial and credit institutions and in the rules on the deduction of own funds. Following the review, the total number of guidelines has been reduced by 33%
Final report on guidelines on exclusion of undertakings from the scope of group supervision
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The new guidelines on exclusions in group supervision define the conditions under which a supervisor may exclude certain entities from the consolidated scope, emphasising that such decisions can only be taken in exceptional circumstances and must be duly justified, in order to ensure consistent practices across the European Economic Area. The revised guidelines on related undertakings update the original 2015 text to reflect changes in the definition of holdings in financial and credit institutions and in the rules on the deduction of own funds. Following the review, the total number of guidelines has been reduced by 33%