(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 01/01/2014 — introduced by Capital Requirements Directive.
257 provisions change.
Recital 58 is deleted from 01/01/2014.