38. For this purpose, competent authorities should also review the draft contract(s) to deposit the …

For this purpose, competent authorities should also review the draft contract(s) to deposit the eligible assets in escrow in accordance with Article 48e(3) CRD, in particular they should verify that the ‘ escrow account is held in the Member State where the branch is authorised with a credit institution that is not part of its head undertaking’s group or, where permitted under national law, with the central bank of the Member State ’ . Furthermore, taking into account the minimum operational requirements set out in the draft EBA Guidelines on the instruments meeting requirements for the capital endowment, competent authorities should assess that the contractual provisions ensure compliance with the minimum capital endowment requirement at all times and the availability of such eligible instruments in case of resolution or winding-up of the third-country branch in accordance with Article 48e(3) CRD.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• 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.