In force since 23/04/2014

Initial Legal Act
Legal basis:
Art. 21 Directive 2002/87/EC
Art. 49(6) Regulation 575/2013
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Delegated Regulation 342/2014

Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates (Text with EEA relevance)

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 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