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

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/