35. Competent authorities should ensure that in the case of a merger of two or more credit …

Competent authorities should ensure that in the case of a merger of two or more credit institutions entailing the incorporation of a new entity to take up the merged banking activities, such a newly established entity should be subject to the prior granting of authorisation by the competent authority. Similarly, in those Member States where the authorisation is granted on an activity-by-activity basis, competent authorities should ensure that the extension of the business activities, as a result of a merger by absorption of another credit institution or of a purchase of activities from a third-party credit institution, should be subject to a prior extension of the authorisation if such new business activities are not already covered by the authorisation issued to the credit institution.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.