relevant competent authorities

Defined in Article 2, Directive 2002/87/EC

Uses as of 01/01/2011

Definitions over time (2)

1. 09/12/2011 – today Article 2, Directive 2002/87/EC Scope: Whole act

   ‘relevant competent authorities’ means: Member States’ competent authorities responsible for the sectoral group-wide supervision of any of the regulated entities in a financial conglomerate, in particular of the ultimate parent undertaking of a sector; the coordinator appointed in accordance with Article 10 if different from the authorities referred to in point (a); where appropriate, other competent authorities relevant to the opinion of the authorities referred to in points (a) and (b);

2. 13/04/2005 – 09/12/2011 applies on 01/01/2011 Article 2, Directive 2002/87/EC Scope: Whole act

   ‘relevant competent authorities’ shall mean: Member States' competent authorities responsible for the sectoral group-wide supervision of any of the regulated entities in a financial conglomerate; the coordinator appointed in accordance with Article 10 if different from the authorities referred to in (a); other competent authorities concerned, where relevant, in the opinion of the authorities referred to in (a) and (b); this opinion shall especially take into account the market share of the regulated entities of the conglomerate in other Member States, in particular if it exceeds 5 %, and the importance in the conglomerate of any regulated entity established in another Member State;

Used in (28 places in 16 provisions on 01/01/2011)

Directive 2002/87/EC (28 in 16)

Article 2 · Article 3⁴ · Article 5² · Article 6² · Article 7 · Article 8 · Article 10 · Article 11³ · Article 18² · Article 22 · Article 23 · Article 27 · Article 29 · Article 30 · Annex I³ · Annex II³