group of connected clients

Definitions over time (2)

1. 07/12/2009 – 01/01/2014 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act

   For the purposes of this Directive, the following definitions shall apply:

   ‘group of connected clients’ means: two or more natural or legal persons who, unless it is shown otherwise, constitute a single risk because one of them, directly or indirectly, has control over the other or others; or two or more natural or legal persons between whom there is no relationship of control as described in point (a) but who are to be regarded as constituting a single risk because they are so interconnected that, if one of them were to experience financial problems, in particular funding or repayment difficulties, the other or all of the others would also be likely to encounter funding or repayment difficulties;

2. 17/04/2007 – 07/12/2009 Article 4, Directive 2006/48/EC (CRD) Scope: Whole act

   For the purposes of this Directive, the following definitions shall apply:

   ‘group of connected clients’ means: two or more natural or legal persons who, unless it is shown otherwise, constitute a single risk because one of them, directly or indirectly, has control over the other or others; or two or more natural or legal persons between whom there is no relationship of control as set out in point (a) but who are to be regarded as constituting a single risk because they are so interconnected that, if one of them were to experience financial problems, the other or all of the others would be likely to encounter repayment difficulties;

Used in (0 places in 0 provisions on 12/11/2026)

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