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Title III Requirements for access to the activity of credit institutions (arts. 8-27l)

Comparing proposed amendment...
Chapter 1 General requirements for access to the activity of credit institutions (arts. 8-21c)
Amended
Article 8 Authorisation
Amended
Article 8a Specific requirements for authorisation of credit institutions referred to in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013
Amended
Article 9 Prohibition against persons or undertakings other than credit institutions from carrying out the business of taking deposits or other repayable funds from the public
Amended
Article 10 Programme of operations, structural organisation and governance arrangements
Entered into force
Article 11 Economic needs
Entered into force
Article 12 Initial capital
Entered into force
Article 13 Effective direction of the business and place of the head office
Amended
Article 14 Shareholders and members
Entered into force
Article 15 Refusal of authorisation
Entered into force
Article 16 Prior consultation of the competent authorities of other Member States
Entered into force
Article 17 Branches of credit institutions authorised in another Member State
Amended
Article 18 Withdrawal of authorisation
Entered into force
Article 19 Name of credit institutions
Amended
Article 20 Notification of authorisation and withdrawal of authorisation
Entered into force
Article 21 Waiver for credit institutions permanently affiliated to a central body
Amended
Article 21a Approval of financial holding companies and mixed financial holding companies
Amended
Article 21b Intermediate EU parent undertaking
Inserted
Article 21c Requirement to establish a branch for the provision of banking services by third-country undertakings
Chapter 2 Qualifying holding in a credit institution (arts. 22-27)
Amended
Article 22 Notification and assessment of proposed acquisitions
Amended
Article 23 Assessment criteria
Entered into force
Article 24 Cooperation between competent authorities
Entered into force
Article 25 Notification in the case of a divestiture
Entered into force
Article 26 Information obligations and penalties
Entered into force
Article 27 Criteria for qualifying holdings
Chapter 3 Acquisition or divestiture of a material holding (arts. 27a-27e)
Inserted
Article 27a Notification and assessment of the acquisition
Inserted
Article 27b Assessment criteria
Inserted
Article 27c Cooperation between competent authorities
Inserted
Article 27d Notification of divestiture
Inserted
Article 27e Information obligations and penalties
Chapter 4 Material transfers of assets and liabilities (arts. 27f-27g)
Inserted
Article 27f Notification of material transfers of assets and liabilities
Inserted
Article 27g Information obligations and penalties
Chapter 5 Mergers and divisions (arts. 27h-27l)
Inserted
Article 27h Scope and definitions
Inserted
Article 27i Notification and assessment of the merger or division
Inserted
Article 27j Assessment criteria
Inserted
Article 27k Cooperation between competent authorities
Inserted
Article 27l Information obligations and penalties