5.2 Scope of the authorisation

Absent a uniform scope of authorisation set out in EU law, different regimes may be in place at the national level. Accordingly, where ‘universal authorisation’ regimes are in place, the authorisation covers all the activities listed in Annex I CRD and in accordance with national law.

Conversely, where no such ‘universal authorisation’ is in place, the authorisation will be issued on an activity-by-activity basis and only cover the specific activities for which the authorisation is granted. In the latter case, competent authorities should update their assessment as to the scope of the previously issued authorisation whenever the credit institution applies to extend its business to activities which are not covered by the issued authorisation. Such an assessment should be performed consistently with the guidance set out in paragraph 20.

In both cases covered by paragraphs 57 and 58, however, the competent authorities’ scope of assessment should cover all the activities envisaged in the programme of operations.