A close link exists when an individual or organization can exercise substantial influence over an undertaking, or when the same person or body has that influence over multiple undertakings. This includes holding at least 20% of an undertaking’s equity or voting power, directly or through an intermediary, as well as other arrangements that confer control. The designation is used to determine whether parties should be assessed together under applicable regulatory and supervisory requirements.
Passende Formel
Source: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.