Open on EUR-Lex ↗

Article 56 - National economic importance threshold

Article 56
National economic importance threshold

A supervised entity established in a participating Member State or a supervised group whose parent undertaking is established in a participating Member State shall be classified as significant on the basis of its importance for the economy of the relevant participating Member State if:

\mathrm{A}:\mathrm{B} \ge 0.2

(national economic importance threshold)

and

A ≥ EUR 5 billion

whereby

A

is the total value of assets determined in accordance with Articles 51 to 55 for a given calendar year, and

B

is the gross domestic product at market prices as defined in point 8.89 of Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council (14) (ESA 2010) and published by Eurostat for the given calendar year.

Official text · the act as published Open full page ↗
6 queries · page built in 8 msInventory f82bbfa3