Article 6 Scope of the register of information at sub-consolidated and consolidated level

Summary What does Article 6 of the ITS on register of information say?

This article addresses how the register of information requirements set out in Article 3 apply specifically in a group context.

It clarifies the scope of which entities must be captured when the register is maintained at sub-consolidated or consolidated level, and places an obligation on parent undertakings to follow relevant sectoral Union legislation when making that determination.

Important points:

As a parent undertaking, take into account relevant sectoral Union legislation when determining which entities to include in the group register of information.
The register at sub-consolidated and consolidated levels must cover all financial entities and ICT intra-group service providers that are part of the relevant sub-group or group.
ICT intra-group service providers — entities within the group providing ICT services predominantly to other group members — are explicitly within scope of the register.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

1. In the case of groups, the parent undertakings shall take into account the relevant sectorial Union legislation when determining which entities to be included in the register of information.
1. A register of information maintained and updated at sub-consolidated and consolidated levels shall include all financial entities and ICT intra-group service providers, which are part of the sub-group and group.

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Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.