54. When assessing whether the expression ‘to grant credit’ is met, competent authorities should …

When assessing whether the expression ‘to grant credit’ is met, competent authorities should focus in particular on whether the applicant credit institution will conclude agreements for the provision of a sum of money for a specified or unspecified purpose, for a period of time to be agreed, and to be repaid in accordance with agreed conditions, usually providing for remuneration. With specific regard to the expression ‘for its own account’, competent authorities should assess whether the applicant credit institution envisages being the creditor of the granted financing.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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