44. This is without prejudice to the possibility for a credit institution to carry out activities …

This is without prejudice to the possibility for a credit institution to carry out activities set out in Annex I CRD and in accordance with the national law. Competent authorities’ assessment of the business plan should therefore cover all the activities envisaged by the applicant credit institution in the programme of operations, including those that go beyond the taking of deposits or other repayable funds from the public and granting credit on own account, regardless of whether they are set out in Annex I CRD, or further activities pursuant to national law. Competent authorities should examine the consistency and correspondence between the envisaged activities and the internal organisation of the applicant, and the absence of elements that could prevent the effective exercise of their supervisory functions. Along these lines, competent authorities should clarify that, once authorised, the applicant credit institution will be subject to comprehensive scrutiny of all the activities carried out by the credit institution exclusively for the purposes of determining the impact of all such activities on the prudential regulation and supervision of the credit institution as a whole.

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/