Artikel 2 Anwendung auf eine Gruppe

Summary What does Article 2 of the RTS on ICT third-party service provider policy say?

This is a notably brief article that deals specifically with group-level application of the regulation.

It connects directly to Article 1, extending the policy requirements established there to situations where the regulation applies on a consolidated or sub-consolidated basis.

In essence, it assigns responsibility to the parent undertaking to ensure the policy is applied consistently across all financial entities within the group.

Important points:

Where this regulation applies at group level, ensure the policy is implemented consistently across all financial entities within the group.
The obligation falls on the parent undertaking responsible for providing the consolidated or sub-consolidated financial statements.
The policy must be adequate for effective application of this regulation at all relevant levels of the group.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Findet diese Verordnung auf teilkonsolidierter oder konsolidierter Basis Anwendung, so gewährleistet das Mutterunternehmen, das für die Erstellung des konsolidierten oder teilkonsolidierten Abschlusses für die Gruppe verantwortlich zeichnet, dass die Leitlinie in allen Finanzunternehmen, die Teil der Gruppe sind, konsistent umgesetzt wird und für die wirksame Anwendung dieser Verordnung auf allen relevanten Ebenen der Gruppe angemessen ist.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.