Subject matter, scope and definitions
Subject matter and scope of application
6.
These guidelines specify the approach institutions, as defined under point (3) of Article 4(1) of Regulation (EU) No 575/2013, should take when applying the requirement to group two or more clients into a ‘group of connected clients’ because they constitute a single risk in accordance with Article 4(1)(39) of that Regulation.
Addressees
7.
These guidelines are addressed to competent authorities as defined in point (i) of Article 4(2) of Regulation (EU) No 1093/2010 and to financial institutions as defined in Article 4(1) of Regulation No 1093/2010.
Definitions
8.
Unless otherwise specified, terms used and defined in Regulation (EU) No 575/2013 and Directive 2013/36/EU have the same meaning in these guidelines.