+4.2. Criteria to determine activities to be considered a direct extension of banking under Article 4(1)(18)(a) of Regulation (EU) No 575/2013
---+13. Activities that are fundamental to the value chain of core banking services referred to in …
---+14. The activities listed in points (a) to (f) should be considered a direct extension of banking …

4.2. Criteria to determine activities to be considered a direct extension of banking under Article 4(1)(18)(a) of Regulation (EU) No 575/2013

1. Overview

13. Activities that are fundamental to the value chain of core banking services referred to in …

Activities that are fundamental to the value chain of core banking services referred to in points 1, 2 and 6 of Annex I to Directive 2013/36/EU should be considered a direct extension of banking. These activities include the following:

a. the brokerage of commercial or residential loans or deposits;
b. loan servicing, including where it is carried out by credit servicers within the meaning of Article 3(8) of Directive (EU) 2021/2167;
c. creditworthiness assessment of individual clients of an institution or a financial institution;
d. debt recovery;
e. valuation of collateral;
f. acquisition, ownership, management and liquidation of repossessed assets; and
g. loan intermediation and distribution through innovative channels such as crowdfunding services, peer-to-peer platforms, or marketplace lending, where these activities contribute to lending.

14. The activities listed in points (a) to (f) should be considered a direct extension of banking …

The activities listed in points (a) to (f) should be considered a direct extension of banking only when they are mainly provided to or carried out in the interest of institutions or financial institutions.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

EBA -
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.