Article 20
Procedure for granting permission to exclude from the business indicator amounts related to disposed entities or activities where the impact of the divestments is low
1. Where the request referred to in Article 19(2) is submitted, the permission referred to in Article 315(2) of Regulation (EU) No 575/2013 shall be deemed granted where both of the following conditions are met:
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(a) |
the sum of the net operating income (NOI) of the disposed entities or activities throughout a financial year represents no more than 5 % of the NOI of the disposing institution over the same financial year; |
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(b) |
the competent authority does not oppose the request in writing within 90 days of receiving the complete documentation supporting a request for permission from an institution. |
2. Institutions shall make the calculation referred to in paragraph 1, point (a), at the end of the preceding financial year using the amount of the NOI of the disposed entities or activities and of the disposing institution.