Regulation 144A. Transitional provision on the authorisation of credit institution referred to in point (1)(b) of Article 4(1) of Regulation (EU) No 575/2013

The Bank shall inform the competent authority to which an application for authorisation has been made in accordance with Article 8 of Directive 2013/36/EU where the envisaged total assets of an undertaking which has applied to the Bank for authorisation under Part 2 of these Regulations before 25 December 2019 in order to carry out the activities referred to in paragraphs 3 and 6 of Part 1 of Schedule 1 are equal to or exceed €30,000,000,000, and notify the applicant thereof.