(34)

in Article 97(4), the second subparagraph is replaced by the following: ‘When conducting the review and evaluation referred to in paragraph 1 of this Article, competent authorities shall apply the principle of proportionality in accordance with the criteria disclosed pursuant to Article 143(1), point (c). In particular, for the purpose of conducting the review and evaluation of an institution, the competent authority may consider whether all of the following conditions are met: ; the institution is not a G-SII, a non-EU G-SII, or a G-SII entity in accordance with Regulation (EU) No 575/2013; the institution has not been identified as an other systemically important institution (O-SII) in accordance with Article 131(1) and (3) of this Directive; the institution is part of a group where the parent institution and the vast majority of the subsidiary institutions are related to each other as described in Article 22 of Directive 2013/34/EU; the subsidiary institutions referred to in point (c) of this subparagraph meet all of the following conditions: they qualify, or the vast majority of them qualify, as mutuals, cooperative societies or savings institutions in accordance with Article 27(1), point (a), of Regulation (EU) No 575/2013 and the applicable national law includes a cap or restriction on the maximum level of distributions; on an individual or sub-consolidated basis, their total assets do not exceed EUR 30 billion.’

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.