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Version status: Entered into force | Document consolidation status: No known changes
Version date: 15 May 2014 - onwards
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Article 88 Procedures for notification of decisions

1. The ECB shall notify the parties of the following decisions without undue delay in accordance with Article 35:

(a) an ECB decision on the withdrawal of an authorisation as a credit institution;

(b) an ECB decision on the acquisition of a qualifying holding in a credit institution.

2. The ECB shall notify the relevant NCA without undue delay of any of the following decisions:

(a) an ECB decision on an application for authorisation as a credit institution;

(b) an ECB decision on the withdrawal of an authorisation as a credit institution;

(c) an ECB decision on the acquisition of a qualifying holding in a credit institution.

3. The NCA shall notify the applicant for authorisation of the following decisions:

(a) a draft authorisation decision;

(b) an NCA decision to reject the application for authorisation where the applicant does not comply with the conditions for authorisation set out in the relevant national law;

(c) an ECB decision to object to the draft authorisation decision refer

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