(7)The competent authorities should be able to assess at a group-wide level the financial situation of credit institutions, insurance undertakings and investment firms which are part of a financial conglomerate, in particular as regards solvency (including the elimination of multiple gearing of own funds instruments), risk concentration and intra-group transactions.
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New version applies from 13/04/2005 — introduced by Directive 2005/1/EC.
58 provisions change.
Later versions: 21/03/2008, 04/01/2011, 09/12/2011, 17/07/2013, 01/01/2014, 26/06/2021, 09/01/2024, 30/01/2027.
Recital 7 changes in this version: compare with the current text.