Date-stamp loading
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 20 June 2006 - onwards
  Version 3 of 3    

Article 20 Exercise of the right of establishment

Repealed from 20 June 2006

1. A credit institution wishing to establish a branch within the territory of another Member State shall notify the competent authorities of its Member State.

2. The Member State shall require every credit institution wishing to establish a branch in another Member State to provide the following information when effecting the notification referred to in paragraph 1:

(a) the Member State within the territory of which it plans to establish a branch;

(b) a programme of operations setting out, inter alia, the types of business envisaged and the structural organisation of the branch;

(c) the address in the host Member State from which documents may be obtained;

(d) the names of those responsible for the management of the branch.

3. Unless the competent authorities of the home Member State have reason to doubt the adequacy of the administrative structure or the financial situation of the credit institution, taking into account the activities envisaged, they shall within three months of

Comparing proposed amendment...