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Feed/DEA2024/2662(DEA)Finance & Budget

Corrigendum: RTS on identifying groups of connected clients (Reg 575/2013)

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 28mo ago
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This procedure corrects a previous legal text concerning how financial institutions identify groups of clients that are connected. This is important for ensuring the stability of the financial system and preventing risks.

The correction affects banks, credit institutions, insurance companies, and pension funds. It clarifies the conditions under which clients are considered connected, impacting their reporting and risk management.