PART ONE GENERAL PROVISIONS

TITLE II LEVEL OF APPLICATION OF REQUIREMENTS

CHAPTER 2 Prudential consolidation

Section 1 Application of requirements on a consolidated basis

Article 16 Derogation to the application of the leverage ratio requirements on a consolidated basis for groups of investment firms
Where all entities in a group of investment firms, including the parent entity, are investment firms that are exempt from the application of the requirements laid down in Part Seven on an individual basis in accordance with Article 6(5), the parent investment firm may choose not to apply the requirements laid down in Part Seven on a consolidated basis.