58. Conversely, where no such ‘universal authorisation’ is in place, the authorisation will be …

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.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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