(20)It is appropriate to extend mutual recognition to those activities where they are carried out by financial institutions which are subsidiaries of credit institutions, provided that such subsidiaries are covered by the consolidated supervision of their parent undertakings and meet certain strict conditions.
◷
New version applies from 20/03/2014 — introduced by Mortgage Credit Directive.
109 provisions change.
Later versions: 01/01/2015, 13/01/2018, 09/07/2018, 29/12/2020, 28/06/2021, 01/01/2022, 09/01/2024, 29/07/2024, 30/12/2024, 17/01/2025, 11/01/2026, 11/07/2026.
Recital 20 changes in this version: compare with the current text.