material subsidiary
as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May…, Article 2(1), point (5a) (Definitions)
a material subsidiary as defined in point (135) of Article 4(1) of Regulation (EU) No 575/2013;
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Also defined in
- CRR 02013R0575-20270101, Article 4(1), point (135)
a subsidiary that on an individual or consolidated basis meets any of the following conditions: (a) the subsidiary holds more than 5 % of the consolidated risk-weighted assets of its original parent undertaking; (b) the subsidiary generates more than 5 % of the total operating income of its…