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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2024 - onwards
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Article 48o Supervisory measures and powers

1. Competent authorities shall require third-country branches to take the necessary measures at an early stage in order to:

(a) ensure that the third-country branches comply with the requirements that apply to them under this Directive and under national law or to restore compliance with those requirements; and

(b) ensure that the material risks that the third-country branches are exposed to are covered and managed in a sound and sufficient manner and that those branches remain viable.

2. For the purposes of paragraph 1, competent authorities' powers shall include, at least, the power to require third-country branches to:

(a) hold an amount of capital endowment in excess of the minimum requirements laid down in Article 48e or to comply with other additional capital requirements; any additional capital endowment amount to be held by the third-country branch in accordance with this point shall comply with the requirements laid down in Article 48e;

(b) meet other specific liquidity requir

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