EBA · 2019_4613 Rejected question

Definition of "external customers" mentioned in iii) of b) of Paragraph 1 of Article 96

Regulation
Directive 2014/59/EU (BRRD)
Article
96, para. 1 & 2
Topic
Resolution financing arrangements
Submitted by
Resolution authority
Submitted
2019-03-15
More Q&As on this regulation →

Question

Could it be possible to give a definition of "external customers" mentioned in iii) of b) of Paragraph 1 of Article 96? Would an entity from the same banking group (in the case of an investment firm belonging to a banking group) be considered as an external customer?

Background

Certain investment firms which are authorised to carry out only limited services and activities are not subject or may be exempted from certain capital or liquidity requirements. As such, Commission Delegated Regulation (UE) 2015/63 in its recital number 3 provides that those investment firms should therefore not fall within the scope of this regulation. We want to precise the definition of "external customers" to enhance the questionnaires being sent to investment firms during the ex-ante contribution exercise to the SRF.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2019_4613

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Financial Customers

Answered 2022-01-21

Financial Customer Definition - application to captive finance companies within non-financial corporate groups

Answered 2015-10-23

Definition of financial customers in Article 411 (1) of CRR regarding corporate trusts with a single fixed individual beneficiary

Answered 2014-09-26

Reference to Chapter III in Article 96(3)(b)

Answered 2018-03-02

Groups including an investment firm referred to in Article 95(1) of the CRR controlled by a financial holding company or mixed financial holding company

Answered 2014-08-01

More Q&As on this topic

Treatment of intragroup liabilities when one of the institutions is established in a country being a member of EEA and EFTA (i.e. non-EU Member State but EEA Member State)

Answered 2024-03-22

Treatment of covered deposits when determining the contribution base of Investment Firms

Answered 2022-03-18

Contributions to the financing arrangements from ceased banks

Answered 2022-03-18

Definition of "total liabilities"

Answered 2022-03-18

Definition of the target level for national resolution systems since 2016

Answered 2022-01-21

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.