Article 9
Consolidated permanent minimum capital requirement
1. The consolidated permanent minimum capital requirement shall amount to the sum of the following:
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(a) |
the permanent minimum capital requirement of the Union parent investment firm at the individual level; |
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(b) |
the permanent minimum capital requirement at the individual level of the investment firms that fall under the scope of the prudential consolidation; |
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(c) |
the initial capital of the asset management companies that fall under the scope of the prudential consolidation; |
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(d) |
the initial capital of payment institutions that fall under the scope of the prudential consolidation; |
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(e) |
the initial capital of electronic money institutions that fall under the scope of the prudential consolidation. |
2. For the purposes of paragraph 1, the individual permanent minimum capital requirements of relevant entities established in third countries shall be the permanent minimum capital requirements that would apply if those relevant entities had been authorised in the Union.