Article 7 | Delegated Regulation 342/2014 | judict

Updated 18/09/2024

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FICOD Tool Delegated Regulation 342/2014

Article 7

Article 7 - Consistency

Article 7

Consistency

The regulated entities or the mixed financial holding company in a financial conglomerate shall apply the calculation method in a consistent manner over time.

Table of contents

CHAPTER I - SUBJECT MATTER AND DEFINITIONS (Article 1-2)

CHAPTER II - TECHNICAL PRINCIPLES (Article 3-13)Article 3 - Elimination of multiple gearing and the intra-group creation of own funds Article 4 - Transferability and availability of own funds Article 5 - Sector specific own funds Article 6 - Deficit of own funds at the financial conglomerate level Article 7 - Consistency Article 8 - Consolidation Article 9 - Solvency requirement Q&A Article 10 - The financial conglomerate's own funds and solvency requirements Article 11 - Treatment of cross sector holdings Article 12 - Notional own funds and notional solvency requirements for non-regulated financial sector entities Article 13 - Sectoral transitional and grandfathering arrangements

CHAPTER III - TECHNICAL CALCULATION METHODS (Article 14-16)

CHAPTER IV - FINAL PROVISIONS (Article 17)