Directive 2006/48/EC states the principle of consolidation. It does not establish common rules for the consolidation of financial institutions which are involved in activities principally subject to market risks.
◷
New version applies from 04/01/2011 — introduced by Commission Directive 2009/27/EC, Directive 2010/76/EU (CRD), Directive 2010/78/EU.
61 provisions change.
Later versions: 01/01/2014.
Recital 26 changes in this version: compare with the current text.