(58)In order to be effective, supervision on a consolidated basis should therefore be applied to all banking groups, including those the parent undertakings of which are not credit institutions. The competent authorities should hold the necessary legal instruments to be able to exercise such supervision.
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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD).
120 provisions change.
Later versions: 30/03/2010, 04/01/2011, 09/12/2011, 01/07/2013, 01/01/2014.
Recital 58 changes in this version: compare with the current text.