(1) Where -
(a) a credit institution or financial institution carrying on activities in accordance with Regulation 34 proposes to alter any of the information to which subparagraph (b), (c) or (d) of Regulation 33(1) relates, or,
(b) in the case of such a credit institution, there is to be a material change in the legislative provisions in the Member State in which it is authorised affecting the protection of depositors within that Member State,
the credit institution or financial institution, as the case may be, shall, in the case of subparagraph (a), notify both the competent authorities in its home Member State and the Bank and, in the case of subparagraph (b), notify the Bank accordingly.
(2) Any notification required by this Regulation shall be made in writing by the institution concerned at least one month before the proposed changes are made.
(3) Where the Bank is acting in its capacity as the competent authority of the host Member State, it may, where it considers it necessary
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