material business unit

Definitions over time (1)

14/06/2021 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) 2021/923 Scope: Whole act

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

‘material business unit’ means a business unit as defined in Article 142(1), point (3), of Regulation (EU) No 575/2013 that meets any of the following criteria: it has allocated internal capital of at least 2 % of the internal capital of the institution as referred to in Article 73 of Directive 2013/36/EU, or is otherwise assessed by the institution as having a material impact on the institution’s internal capital; it is a core business line as defined in Article 2(1), point (36), of Directive 2014/59/EU of the European Parliament and of the Council (^{6}).