S.L. 370.46 Art. 20Supervision of mixed financial holding companies. 

(1) Where a mixed financial holding company is subject to equivalent provisions under the Act and any regulations or

Rules made thereunder transposing the requirements of the CRD, and under Directive 2002/87/EC of the European Parliament and of the

Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerates, in particular in terms of risk-based supervision, the competent authority may, as consolidating supervisor, after consulting the other European regulatory authorities responsible for the supervision of subsidiaries, apply only the latter Directive to that mixed financial holding company.

(2) Where a mixed financial holding company is subject to equivalent provisions under the Act and any regulations or Rules made thereunder transposing the requirements of the CRD, and under Directive 2002/87/EC, in particular in terms of risk-based supervision, the competent authority may, as consolidating supervisor, after consulting the other European regulatory authorities responsible for the supervision of subsidiaries, apply only the latter Directive to that mixed financial holding company. (SUPERVISORY CONSOLIDATION) 370.46 (CAPITAL REQUIREMENTS DIRECTIVE)

(3) The competent authority, as consolidating supervisor, shall inform the EBA and the EIOPA of the decisions taken under sub-regulations (1) and (2).