36. The execution of group restructuring transactions or the transfer of activities as a credit …

The execution of group restructuring transactions or the transfer of activities as a credit institution from one entity to another may require carving certain activities out of the transaction and entrusting them to a newly established temporary entity, before those activities are merged into the acquiring credit institution.¹⁴

¹⁴ For example, the sale of a credit institution that is part of a group, while certain activities that require authorisation as a credit institution of the divested entity need to remain within the group. The activities which should remain can, for instance, be carved out into a new temporary legal entity and subsequently merged with another group entity that is authorised as a 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/