S.L. 371.17 Art. 3Requirement for deduction where consolidation, supplementary supervision or institutional protectionschemes are applied.

For the purposes of calculating own funds on an individual basis, a sub-consolidated basis and a consolidated basis, as an alternative to the deduction of holdings of own funds instruments of a financial sector entity in which the parent institution, parent financial holding company or parent mixed financial holding company or credit institution has a significant investment, the competent authority shall permit credit institutions to apply method 1, 2 or 3 of Annex I to Directive 2002/87/EC subject to the conditions laid down in Article 49(1) of the CRR. The method chosen shall be applied in a consistent manner over time.