Guidelines on the monitoring of the threshold for establishing an intermediate EU parent undertaking

This guidance specifies the methodology to calculate the total value of assets in the Union of the third-country groups and clarifies how to monitor this value in order to meet the IPU requirement. In accordance with Article 21b of the CRD, institutions belonging to third-country groups with a total value of assets in the Union of the group equal to or greater than EUR 40 billion must establish an intermediate EU parent undertaking (IPU). In order to take into account the fluctuation in the value of assets, these Guidelines specify that the total value of assets in the Union of the third-country group should be calculated as an average over the last four quarters.