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European Union - Financial Conglomerates Directive
from the Sarbanes Oxley Compliance Professionals Association (SOXCPA)
 the largest Association of Sarbanes Oxley professionals in the world
DIRECTIVE 2002/87/EC
 
 
 
Preamble 
CHAPTER I: OBJECTIVE AND DEFINITIONS
 
Article 1
Objective
 
Article 2
Definitions
 
Article 3
Thresholds for identifying a financial conglomerate
 
Article 4
Identifying a financial conglomerate
 
CHAPTER II: SUPPLEMENTARY SUPERVISION
 
SECTION 1: SCOPE
 
Article 5
Scope of supplementary supervision of regulated entities referred to in Article 1
 
SECTION 2: FINANCIAL POSITION
 
Article 6
Capital adequacy
 
Article 7
Risk concentration
 
Article 8
Intra-group transactions
 
Article 9
Internal control mechanisms and risk management processes
 
SECTION 3: MEASURES TO FACILITATE SUPPLEMENTARY SUPERVISION
 
Article 10
Competent authority responsible for exercising supplementary supervision (the coordinator)
 
Article 11
Tasks of the coordinator
 
Article 12
Cooperation and exchange of information between competent authorities
 
Article 13
Management body of mixed financial holding companies
 
Article 14
Access to information
 
Article 15
Verification
 
Article 16
Enforcement measures
 
Article 17
Additional powers of the competent authorities
 
SECTION 4: THIRD COUNTRIES
 
Article 18
Parent undertakings outside the Community
 
Article 19
Cooperation with third-country competent authorities
 
 
CHAPTER III: POWERS CONFERRED ON THE COMMISSION AND COMMITTEE PROCEDURE
 
Article 20
Powers conferred on the Commission
 
Article 21
Committee
 
CHAPTER IV: AMENDMENTS TO EXISTING DIRECTIVES
 
Article 22
Amendments to Directive 73/239/EEC
 
Article 23
Amendments to Directive 79/267/EEC
 
Article 24
Amendments to Directive 92/49/EEC
 
Article 25
Amendments to Directive 92/96/EEC
 
Article 26
Amendments to Directive 93/6/EEC
 
Article 27
Amendments to Directive 93/22/EEC
 
Article 28
Amendments to Directive 98/78/EC
 
Article 29
Amendments to Directive 2000/12/EC 
 
CHAPTER V: ASSET MANAGEMENT COMPANIES
 
Article 30
Asset management companies
 
Article 31
Report by the Commission
 
Article 32
Transposition
 
Article 33
Entry into force
 
ANNEX I: CAPITAL ADEQUACY
 
ANNEX II: TECHNICAL APPLICATION OF THE PROVISIONS ON INTRA-GROUP TRANSACTIONS AND RISK CONCENTRATION
 
 

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