EBU Single Rulebook Q&A 29 April 2015 2015_1974 “Direct” control

In the example stipulated in the background section, does Central Government A - even if it does not hold the voting rights over company B1 directly by itself - exercise "direct" control over B1 within the meaning of Article 4 (1) (39) last subparagraph CRR? Case: Central government A holds 100% of the capital of a holding company B. The members of the Board of Directors of B are appointed by A.