20. The competent authority in cooperation with the designated authority may allow the DGS to set a …

The competent authority in cooperation with the designated authority may allow the DGS to set a lower periodic target level than the minimum required under paragraph 16 where it concludes that levying a lower periodic target level meets the conditions set out in Article 10(2) subparagraph 4 of the DGSD, and does not lead the DGS to violate the requirement to meet the minimum target level at the deadline set out in Article 10(2) of the DGSD. When allowing the DGS to set a lower periodic target level, the competent authority in cooperation with the designated authority may take into consideration the expected evolution of the aggregate covered deposits of the member institutions.

1. Overview

1.1 References

• Article 10 2.

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/