5:14 It is the responsibility of the subsidiary not to undermine the necessary coherence within the group and to ensure that information can flow sufficiently upstream and downstream within the consolidated group.

5:15 Without prejudice to the role played by the institution responsible for the group, the Belgian subsidiary’s governing bodies should also ensure that the management of the group complies with the rules and obligations to which they are subject as an entity with separate legal personality and as a regulated institution. The Belgian subsidiary’s statutory governing body and senior management or, where applicable, the management committee should ensure in particular that the organisation of the group complies with the rules and obligations to which the subsidiary is subject in its capacity as an entity with separate legal personality and as a regulated institution.