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Recital 2

Recital 2

(2)Pursuant to Article 7(2) of Directive 2002/87/EC, regulated entities or mixed financial holding companies are required by Member States to report on a regular basis and at least annually to the coordinator any significant risk concentration at the level of the financial conglomerate. Moreover, pursuant to Article 8(2) of the same act, those entitities are also required to report to the coordinator, on a regular basis and at least annually, all significant intra-group transactions at the level of financial conglomerate.

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