112. For the purposes of the CAM, the initial capital is a fixed amount set out in national law in …

For the purposes of the CAM, the initial capital is a fixed amount set out in national law in accordance with Article 12(1)²⁴ CRD or with Article 12(4)²⁵ CRD, as the case may be.

²⁴ ‘Without prejudice to other general conditions laid down in national law, the competent authorities shall refuse authorisation to commence the activity of a credit institution where a credit institution does not hold separate own funds or where its initial capital is less than EUR 5 million’.

²⁵ ‘Member States may grant authorisation to particular categories of credit institutions the initial capital of which is less than that specified in paragraph 1, subject to the following conditions: (a) the initial capital is no less than EUR 1 million; (b) the Member States concerned notify the Commission and EBA of their reasons for exercising that option’.

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/