28. In accordance with the requirements and the limits set out in paragraphs 26 and 27, conditions …

In accordance with the requirements and the limits set out in paragraphs 26 and 27, conditions precedent may be attached to the authorisation by the competent authorities in relation to matters where the applicant or the entity is required to undertake an action or to refrain from an action before the authorisation becomes effective. Competent authorities should set out a deadline for compliance and clearly indicate that the authorisation will only become effective once the condition has been fulfilled. So long as the condition is not fulfilled, the applicant credit institution cannot perform banking activities or use the name ‘bank’, ‘savings bank’ or other banking names.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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