+5. Authorisation as credit institution under letter (a), point (1) of Article 4(1) CRR and its scope
---+5.1 Activities requiring the application for an authorisation
------+42. Pursuant to Directive 2013/36/EU, the protection of savings and of financial stability requires …
------+43. Competent authorities should assess that the applicant meets all the elements of the definition …
------+44. This is without prejudice to the possibility for a credit institution to carry out activities …
------+45. Where competent authorities assess that the business model of the applicant credit institution …
------+46. Absent a common EU notion of the elements composing the definition of a credit institution set …
------+47. When assessing whether the expression ‘the business of which’ is met, competent authorities …
------+48. Pursuant to the general principle of protection of savings, when assessing whether the …
------+49. When assessing whether the expression ‘deposits’ is met, competent authorities should focus …
------+50. Competent authorities should also note that deposits may take several forms, they may be …
------+51. Competent authorities should also ensure, among other things, that the exclusions to the notion …
------+52. When assessing whether the specific expression ‘other repayable funds’ is met, competent …
------+53. When assessing whether the deposits or other repayable funds are taken ‘from the ‘public’ …
------+54. When assessing whether the expression ‘to grant credit’ is met, competent authorities should …
------+55. As part of the assessment for granting the authorisation as a credit institution, competent …
------+56. Where, based on the information submitted with the application, it is not completely clear that …
---+5.2 Scope of the authorisation
------+57. Absent a uniform scope of authorisation set out in EU law, different regimes may be in place at …
------+58. Conversely, where no such ‘universal authorisation’ is in place, the authorisation will be …
------+59. In both cases covered by paragraphs 57 and 58, however, the competent authorities’ scope of …
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5. Authorisation as credit institution under letter (a), point (1) of Article 4(1) CRR and its scope
5. Authorisation as credit institution under letter (a), point (1) of Article 4(1) CRR and its scope
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
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