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Chapter 1 Prudential supervision of third-country branches (arts. 47-48q)

Comparing proposed amendment...
Section I General provisions (arts. 47-48b)
Amended
Article 47 Scope and definitions
Amended
Article 48 Prohibition of discrimination
Inserted
Article 48a Classification of third-country branches
Inserted
Article 48b Conditions for qualifying third-country branches
Section II Authorisation and regulatory requirements (arts. 48c-48l)
Sub-Section 1 Authorisation requirements (arts. 48c-48d)
Inserted
Article 48c Minimum conditions for the authorisation of third-country branches
Inserted
Article 48d Conditions for the refusal or withdrawal of a third-country branch's authorisation
Sub-Section 2 Minimum regulatory requirements (arts. 48e-48h)
Inserted
Article 48e Capital endowment requirement
Inserted
Article 48f Liquidity requirements
Inserted
Article 48g Internal governance and risk management
Inserted
Article 48h Booking requirements
Sub-Section 3 Power to require authorisation under Title III and requirements on third-country branches which have systemic importance (arts. 48i-48j)
Inserted
Article 48i Power to require the establishment of a subsidiary
Inserted
Article 48j Assessment of systemic importance and requirements on third-country branches which have systemic importance
Sub-Section 4 Reporting requirements (arts. 48k-48l)
Inserted
Article 48k Regulatory and financial information on third-country branches and on the head undertaking
Inserted
Article 48l Standard forms and templates and frequency of reporting
Section III Supervision (arts. 48m-48q)
Inserted
Article 48m Supervision of third-country branches and supervisory examination programme
Inserted
Article 48n Supervisory review and evaluation process
Inserted
Article 48o Supervisory measures and powers
Inserted
Article 48p Cooperation between competent authorities and colleges of supervisors
Inserted
Article 48q Notification to EBA