council direct decemb coordin law regul administr provis relat take pursuit busi credit institut amend direct eec eec council european commun regard treati establish european econom commun sentenc articl thereof regard propos commiss cooper european parliament regard opinion econom social committe direct constitut essenti instrument achiev intern market determin singl european act set timet form commiss white paper point view freedom establish freedom provid financi servic field credit institut direct join bodi commun legisl enact council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut amend direct eec council direct eec june supervis credit institut consolid basi council direct eec decemb annual consolid account bank financi institut council direct eec april fund credit institut commiss adopt recommend eec larg exposur credit institut eec introduct deposit guarante scheme approach adopt achiev essenti harmon suffici secur mutual recognit author prudenti supervis system make grant singl licenc recogn commun applic principl home member state prudenti supervis context direct implement simultan specif commun legisl deal addit harmon technic matter relat fund solvenc ratio harmon condit relat reorgan wind credit institut proceed arrang supervis liquid market interest rate foreign exchang risk run credit institut harmon principl mutual recognit home member state control requir compet author member state grant author withdraw factor activ programm geograph distribut activ carri make clear credit institut opt legal system member state purpos evad stricter standard forc member state intend carri carri greater part activ purpos direct credit institut deem situat member state regist offic member state requir head offic situat member state regist offic home member state establish rule stricter laid articl institut author compet author respons supervis financi sound credit institut solvenc rest compet author home member state host member state compet author retain respons supervis liquid monetari polici supervis market risk subject close cooper compet author home host member state harmon financi invest servic effect exist specif commun instrument intent protect consum investor commiss propos measur harmon mortgag credit order inter alia mutual recognit financi techniqu peculiar thal sphere virtu mutual recognit approach chosen permit credit institut author home member state carri commun activ list annex establish branch provid servic carri activ list annex enjoi establish freedom provid servic gener provis treati extend mutual recognit activ list annex carri financi institut subsidiari credit institut provid subsidiari cover consolid supervis parent undertak meet strict condit host member state connect exercis establish freedom provid servic requir complianc specif provis nation law regul part institut author credit institut home member state regard activ list annex provid hand provis compat commun law intend protect gener good hand institut activ subject equival rule legisl regul home member state member state ensur obstacl carri activ receiv mutual recognit manner home member state long conflict legal provis protect gener good host member state abolit author requir respect branch commun credit institut harmon progress complet necessit abolit endow capit articl constitut transit step direct affect kingdom spain portugues republ provid act condit state access commun link object direct liber capit movement brought commun legisl case measur liber bank servic harmoni measur liber capit movement member state virtu council direct eec june implement articl treati invok safeguard claus respect capit movement suspend provis bank servic extent implement abovement safeguard claus procedur establish direct eec regard author branch credit institut author countri continu appli institut branch enjoi freedom provid servic paragraph articl treati freedom establish member state establish request author subsidiari acquisit hold made undertak govern law countri subject procedur intendet ensur commun credit institut receiv reciproc treatment countri question author grant credit institut compet nation author pursuant direct commun wide longer nationwid applic exist reciproc claus henceforth effect flexibl procedur need make assess reciproc commun basi aim procedur close commun financi market commun intend financi market open rest world improv liber global financi market countri end direct procedur negotit countri resort possibl take measur involv suspens applic author restrict author smooth oper intern bank market requir legal rule close regular cooper compet author member state consider problem individu credit institut contact committe set bank supervisori author refer final recit direct eec remain forum committe suitabl bodi mutual exchang inform provid articl direct mutual inform procedur case replac bilater collabor establish articl direct eec compet host member state author prejudic power control proper continu emerg initi initi compet home member state author verifi activ credit institut establish territori compli relev law principl sound administr account procedur adequ intern control technic modif detail rule laid direct time time account develop bank sector commiss make modif consult bank advisori committe limit implement power confer commiss treati committe act regulatori committe rule procedur laid articl procedur iii variant council decis eec juli lai procedur exercis implement power confer commiss adopt direct titl definit scope articl purpos direct credit institut credit institut defin indent articl direct eec author author defin indent articl direct eec branch place busi form legal depend part credit institut carri directli transact inher busi credit institut number place busi set member state credit institut headquart member state regard singl branch fund fund defin direct eec compet author compet author defin articl direct eec financi institut undertak credit institut princip activ acquir hold carri activ list point annex home member state member state credit institut author accord articl direct eec host member state member state credit institut branch servic control relationship parent undertak subsidiari defin articl direct eec similar relationship natur legal person undertak qualifi hold direct indirect hold undertak repres capit vote right make exercis signific influenc manag undertak hold subsist purpos definit context articl level hold refer articl vote right refer articl direct eec consider initi capit capit defin articl direct eec parent undertak parent undertak defin articl direct eec subsidiari subsidiari undertak defin articl direct eec subsidiari subsidiari undertak regard subsidiari parent undertak head undertak solvenc ratio solvenc coeffici credit institut calcul accord direct eec articl direct appli credit institut appli institut refer articl direct eec credit institut defin articl direct eec affili central bodi member state exempt provis articl direct provid prejudic applic provis central bodi constitut central bodi affili institut subject abovement provis consolid basi case exempt articl sahll appli constitut central bodi affili institut articl member state prohibit person undertak credit institut carri busi take deposit repay fund public prohibit appli take deposit fund repay member state member state region local author public intern bodi member state member case expressli cover nation commun legisl provid activ subject regul control intend protect depositor investor applic case titl ii harmon author condit articl compet author grant author case initi capit ecu million member state option grant author categori credit institut initi capit prescrib paragraph case initi capit ecu million member state concern notifi commiss reason make option provid paragraph list refer articl direct eec publish credit institut minimum capit prescrib paragraph annot effect year date refer articl commiss draw report applic paragraph member state attent bank advisori committe refer articl direct eec articl compet author grant author take busi credit institut inform ident sharehold member direct indirect natur legal person qualifi hold amount hold compet author refus author take account ensur sound prudent manag credit institut satisfi suitabl abovement sharehold member articl host member state longer requir author provid articl direct eec endow capit branch credit institut author member state establish supervis branch effect prescrib articl direct entri forc provis implement paragraph host member state condit author branch credit institut author member state requir initi endow capit exceed initi capit requir nation rule author credit institut natur credit institut entitl free fund longer requir pursuant paragraph articl prior consult compet author member state involv author credit institut subsidiari credit institut author member state subsidiari parent undertak credit institut author member state control person natur legal control credit institut author member state titl iii relat countri articl compet author member state inform commiss author direct indirect subsidiari parent undertak govern law countri commiss inform bank advisori committe parent undertak acquir hold commun credit institut subsidiari commiss inform bank advisori committe author grant direct indirect subsidiari parent undertak govern law countri structur group notif compet author address commiss accord articl direct eec articl member state inform commiss gener difficulti encount credit institut establish carri bank activ countri initi month applic direct period commiss draw report examin treatment accord commun credit institut countri term refer paragraph establish carri bank activ acquisit hold countri credit institut commiss submit report council propos appear commiss basi report refer paragraph basi inform countri grant commun credit institut effect market access compar grant commun credit institut countri commiss submit propos council mandat negoti view obtain compar competit opportun commun credit institut council decid qualifi major appear commiss basi report refer paragraph basi inform commun credit institut countri receiv nation treatment offer competit opportun domest credit institut condit effect market access fulfil commiss initi negoti order remedi situat circumst subparagraph decid time addit initi negoti accord procedur laid articl compet author member state limit suspend decis request pend moment decis futur request author acquisit hold direct indirect parent undertak govern law countri question durat measur refer exce month end month period light result negoti council act propos commiss decid qualifi major measur continu limit suspens appli set subsidiari credit institut subsidiari duli author commun acquisit hold commun credit institut institut subsidiari appear commiss situat paragraph obtain member state inform request request author direct indirect subsidiari parent undertak govern law countri question inform accord articl undertak propos acquir hold commun credit institut subsidiari oblig provid inform laps agreement reach countri refer paragraph measur refer subparagraph paragraph ceas appli measur pursuant articl compli commun oblig intern agreement bilater multilater govern take pursuit busi credit institut titl iv harmon condit govern pursuit busi credit institut articl credit institut fund fall amount initi capit requir pursuant articl time author member state decid credit institut exist direct implement fund attain level prescrib initi capit articl continu carri activ event fund fall highest level reach date notif direct control credit institut fall categori refer paragraph natur legal person person control institut previous fund institut attain level prescrib initi capit articl specif circumst consent compet author merger credit institut fall categori refer paragraph fund institut result merger fall total fund merg institut time merger long level pursuant articl attain case refer paragraph fund reduc compet author circumst justifi institut limit period rectifi situat ceas activ articl member state requir natur legal person propos acquir directli indirectli qualifi hold credit institut inform compet author tell size intend hold person likewis inform compet author propos increas qualifi hold proport vote right capit held reach exce credit institut subsidiari prejudic provis paragraph compet author maximum month date notif provid subparagraph oppos plan view ensur sound prudent manag credit institut satisfi suitablil person refer subparagraph oppos plan refer subparagraph fix maximum period implement acquir hold refer paragraph credit institut author member state parent undertak credit institut author member state natur legal person control credit institut author member state result acquisit institut acquir propos acquir hold subsidiari subject control acquir assess acquisit subject prior consult refer articl member state requir natur legal person propos dispos directli indirectli qualifi hold credit institut inform compet author tell size intend hold person likewis inform compet author propos reduc qualifi hold proport vote right capit held fall credit institut ceas subsidiari awar credit institut inform compet author acquisit dispos hold capit hold exce fall threshold refer paragraph year inform name sharehold member possess qualifi hold size hold shown inform receiv annual gener meet sharehold member result complianc regul relat compani list stock exchang member state requir influenc exercis person refer paragraph oper detriment prudent sound manag institut compet author measur put end situat measur consist injunct sanction director manag suspens exercis vote right attach share held sharehold member question similar measur appli natur legal person fail compli oblig provid prior inform laid paragraph hold acquir opposit compet author member state sanction adopt provid exercis vote right suspend nulliti vote cast possibl annul articl credit institut qualifi hold amount exce fund undertak credit institut financi institut undertak carri activ refer subparagraph articl direct eec total amount credit institut qualifi hold undertak credit institut financi institut undertak carri activ refer subparagraph articl direct eec exce fund member state appli limit laid paragraph hold insur compani defin direct eec amend direct eec direct eec amend act access share held temporarili financi reconstruct rescu oper normal underwrit institut behalf count qualifi hold purpos calcul limit laid paragraph share financi fix asset defind articl direct eec includ limit laid paragraph exceed except circumst case compet author requir credit institut increas fund equival measur complianc limit laid paragraph ensur mean supervis monitor consolid basi accord direct eec credit institut date entri forc provis implement direct exce limit laid paragraph period year date compli member state provid compet author appli limit laid paragraph provid amount credit institut qualifi hold exce limit cover fund includ calcul solvenc ratio limit laid paragraph exceed amount cover fund greater excess amount articl prudenti supervis credit institut includ activ carri accord articl respons compet author home member state prejudic provis direct give respons author host member state home member state compet author requir credit institut sound administr account procedur adequ intern control mechan paragraph prevent supervis consolid basi pursuant direct eec articl articl direct eec end sentenc replac inform facilit monitor institut regard liquid solvenc deposit guarante limit larg exposur administr account procedur intern control mechan host member state retain respons cooper compet author home member state supervis liquid branch credit institut pend coordin prejudic measur reinforc european monetari system host member state retain complet respons measur result implement monetari polici measur provid discriminatori restrict treatment base fact credit institut author member state prejudic coordin measur design supervis risk aris open posit market risk result transact carri financi market member state compet author collabor compet author home member state ensur institut concern step cover risk articl host member state provid credit institut author member state carri activ branch compet author home member state inform compet author host member state carri intermediari person appoint purpos spot verif inform refer articl direct eec compet author home member state purpos verif branch recours procedur laid articl direct eec articl affect compet author host member state carri discharg respons direct spot verif branch establish territori articl articl direct eec replac articl member state provid person work work compet author auditor expert act behalf compet author bound oblig profession secreci mean confidenti inform receiv duti divulg person author whatsoev summari collect form individu institut identifi prejudic case cover crimin law credit institut declar bankrupt compulsorili wound confidenti inform concern parti involv attempt rescu credit institut divulg civil commerci proceed paragraph prevent compet author member state exchang inform accord direct applic credit institut inform subject condit profession secreci paragraph member state conclud cooper agreement provid exchang inform compet author countri inform disclos subject guarante profession secreci equival refer articl compet author receiv confidenti inform paragraph duti check condit govern take busi credit institut met facilit monitor consolid consolid basi conduct busi regard monitor liquid solvenc larg exposur administr account procedur intern control mechan impos sanction administr appeal decis compet author court proceed initi pursuant articl special provis provid direct adopt field credit institut paragraph preclud exchang inform member state compet author member state member state compet author author respons supervis financi organ insur compani author respons supervis financi market bodi involv liquid bankruptci credit institut similar procedur person respons carri statutori audit account credit institut financi institut discharg supervisori function disclosur bodi administ deposit guarante scheme inform exercis function inform receiv subject condit profession secreci paragraph provis articl preclud compet author disclos central bank supervis credit institut individu inform act monetari author inform receiv context subject condit profession secreci paragraph addit notwithstand provis refer paragraph member state virtu provis laid law author disclosur inform depart central govern administr respons legisl supervis credit institut financi institut invest servic insur compani inspector act behalf depart disclosur made reason prudenti control member state provid inform receiv paragraph obtain mean spot verif refer articl direct eec disclos case refer paragraph express consent compet author disclos inform compet author member state spot verif carri oj articl prejudic procedur withdraw author provis crimin law member state provid respect compet author credit institut effect control busi credit institut breach law regul administr provis supervis pursuit activ adopt impos respect penalti measur aim specif end observ breach breach titl provis relat freedom establish freedom provid servic articl member state provid activ list annex carri territori accord articl establish branch provis servic credit institut author supervis compet author member state accord direct provid activ cover author member state provid activ list annex carri territori accord articl establish branch provis servic financi institut member state subsidiari credit institut jointli own subsidiari credit institut memorandum articl associ permit carri activ fulfil condit parent undertak undertak author credit institut member state law subsidiari govern activ question carri territori member state parent undertak undertak hold vote right attach share capit subsidiari parent undertak undertak satisfi compet author prudent manag subsidiari declar consent relev home member state compet author jointli sever guarante commit enter subsidiari subsidiari effect includ activ question consolid supervis parent undertak parent undertak accord direct eec calcul solvenc ratio control larg exposur purpos limit hold provid articl direct complianc condit verifi compet author home member state suppli subsidiari certif complianc form part notif refer articl compet author home member state esnur supervis subsidiari accord articl direct articl direct eec provis mention paragraph applic subsidiari subject modif word credit institut read financi institut fulfil condit laid articl word author memorandum articl associ subparagraph articl read home member state compet author commun amount fund subsidiari financi institut consolid solvenc ratio credit institut parent undertak financi institut elig paragraph ceas fulfil condit impos home member state notifi compet author host member state activ carri institut host member state subject legisl host member state articl credit institut wish establish branch territori member state notifi compet author home member state member state requir credit institut wish establish branch member state provid inform effect notif refer paragraph member state territori plan establish branch programm oper set inter alia type busi envisag structur organ branch address host member state document obtain name respons manag branch compet author home member state reason doubt adequaci administr structur financi situat credit institut take account activ envisag month receipt inform refer paragraph commun inform compet author host member state inform institut concern home member state compet author commun amount fund solvenc ratio credit institut pend subsequ coordin detail deposit guarante scheme intend ensur protect depositor branch compet author home member state refus commun inform refer paragraph compet author host member state give reason refus institut concern month receipt inform refus failur repli subject appli court home member state branch credit institut commenc activ compet author host member state month receiv inform mention paragraph prepar supervis credit institut accord articl condit interest gener good activ carri host member state receipt commun compet author host member state event expiri period provid paragraph receipt commun branch establish commenc activ event chang particular commun pursuant paragraph deposit guarante scheme refer paragraph credit institut give written notic chang question compet author home host member state month make chang enabl compet author home member state decis pursuant paragraph compet author host member state decis chang pursuant paragraph articl credit institut wish exercis freedom provid servic carri activ territori member state time notifi compet author home member state activ list annex intend carri compet author home member state month receipt notif mention paragraph send notif compet author host member state articl host member state statist purpos requir credit institut branch territori report period activ host member state compet author host member state discharg respons impos articl host member state requir branch credit institut member state provid inform requir nation credit institut purpos compet author host member state ascertain institut branch provid servic territori compli legal provis adopt state pursuant provis direct involv power host member state compet author author requir institut concern put end irregular situat institut concern fail step compet author host member state inform compet author home member state compet author home member state earliest opportun measur ensur institut concern put end irregular situat natur measur commun compet author host member state measur home member state measur prove inadequ member state question institut persist violat legal rule refer paragraph forc host member state state inform compet author home member state measur prevent punish irregular prevent institut initi transact territori member state ensur territori serv legal document measur credit institut forego provis affect power host member state measur prevent punish irregular commit territori contrari legal rule adopt interest gener good includ possibl prevent offend institut initi transact territori measur adopt pursuant paragraph involv penalti restrict exercis freedom provid servic properli justifi commun institut concern measur subject appeal court member state author adopt procedur provid paragraph compet author host member state emerg precautionari measur protect interest depositor investor servic provid commiss compet author member state concern inform measur earliest opportun commiss consult compet author member state concern decid member state question amend abolish measur host member state exercis power confer direct take measur prevent punish irregular commit territori includ possibl prevent institut initi transact territori event withdraw author compet author host member state inform measur prevent institut concern initi transact territori safeguard interest depositor year commiss submit report case bank advisori committe member state inform commiss number type case refus pursuant articl measur accord paragraph year commiss submit report case bank advisori committe articl prevent credit institut head offic member state advertis servic mean commun host member state subject rule govern form content advertis adopt interest gener good titl vi final provis articl technic adapt made direct area adopt accord procedur laid paragraph expans content list refer articl set annex adapt terminolog list account develop financi market alter amount initi capit prescrib articl account develop econom monetari field area compet author exchang inform list articl direct eec clarif definit order ensur uniform applic direct commun clarif definit order account implement direct develop financi market align terminolog frame definit accord subsequ act credit institut relat matter commiss assist committe compos repres member state chair repres commiss commiss repres submit committe draft measur committe deliv opinion draft time limit chairman lai urgenc matter opinion deliv major laid articl treati case decis council requir adopt propos commiss vote repres member state committe weight manner set articl chairman vote commiss adopt measur envisag accord opinion committe measur envisag accord opinion committe opinion deliv commiss delai submit council propos measur council act qualifi major council act month referr commiss adopt measur propos council decid measur simpl major articl branch commenc activ accord provis forc host member state entri forc provis adopt implement direct presum subject procedur laid articl govern date entri forc articl benefit pursuant articl articl affect right acquir credit institut provid servic entri forc provis adopt implement direct articl subject paragraph member state bring forc law regul administr provis compli direct date laid adopt measur compli direct eec eec latest januari forthwith inform commiss thereof member state adopt measur compli articl januari member state commun commiss text main provis nation law adopt field cover direct articl direct address member state brussel decemb council presid bérégovoi oj oj decis novemb publish offici journal oj oj oj oj oj oj oj oj oj oj oj oj offici journal oj oj oj annex list activ subject mutual recognit accept deposit repay fund public lend financi leas monei transmiss servic issu administ mean payment credit card travel chequ banker draft guarante commit trade account account custom monei market instrument chequ bill cd foreign exchang financi futur option exchang interest rate instrument transfer secur particip share issu provis servic relat issu advic undertak capit structur industri strategi relat question advic servic relat merger purchas undertak monei broke portofolio manag advic safekeep administr secur credit refer servic safe custodi servic includ inter alia consum credit mortgag credit factor recours financ commerci transact includ forfait