# Commission Delegated Regulation (EU) 2015/2303 of 28 July 2015 supplementing Directive 2002/87/EC of the European Parliament and of the Council with regard to regulatory technical standards specifying the definitions and coordinating the supplementary supervision of risk concentration and intra-group transactions (Text with EEA relevance), Article 4: Supervisory measures

Extent: E+W+S+N.I.

Without prejudice to any other supervisory powers conferred on them, competent authorities shall, in particular,
1.. require, where appropriate, regulated entities or mixed financial holding companies to:
(a) perform intra-group transactions of the financial conglomerate at arm's length or notify intra-group transactions which are not performed at arm's length;
(b) approve intra-group transactions of the financial conglomerate through specified internal procedures with the involvement of its management body as referred to in Article 3(1) of Directive 2013/36/EU of the European Parliament and of the Council, or of its administrative, management or supervisory body as referred to in Article 40 of Directive 2009/138/EC of the European Parliament and of the Council;
(c) report more frequently than required under Article 7(2) and Article 8(2) of Directive 2002/87/EC on significant risk concentration and significant intra-group transactions;
(d) establish additional reporting on significant risk concentration and significant intra-group transactions of the financial conglomerate;
(e) strengthen the risk management processes and internal control mechanisms of the financial conglomerate;
(f) present or improve plans to restore compliance with supervisory requirements and to set a deadline for implementation thereof;
2.. shall define appropriate thresholds in order to identify and overview significant risk concentration and significant intra-group transactions;

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Source: https://www.legislation.gov.uk/eur/2015/2303/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2015-2303/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.