Since the entry into force of the legal amendments transposing the CRD V, it is the capacity of the institution governed by Belgian law responsible for compliance with the prudential rules on a consolidated basis by the group or subgroup and by its entities which determines whether the group governance rules and recommendations of this manual are applicable. Whether the supervisory authority is or is not the supervisory authority on a consolidated basis is thus no longer the determining factor as it was under the CRD IV regime.