Subject matter

To ensure that capital endowment instruments referred to in Article 48e(2)(c) of Di-rective 2013/36/EU are available to the third-country branch for unrestricted and immediate use to cover risks or losses as soon as those risks or losses occur, these guidelines specify, in accordance with Article 48e(4) of that Directive, the requirement laid down in Article 48e(2)(c) in relation to those instruments.

To ensure that the minimum capital endowment requirement referred to in Article 48e(1) of Directive 2013/36/EU deposited in the escrow account of Article 48e(3) of that Directive is maintained at all times and is available for use for the purposes of Article 96 of Di-rective 2014/59/EU in the case of resolution of the third-country branch and for the purposes of the winding-up of the third-country branch in accordance with national law, these guidelines specify minimum operational conditions that third-country branches should respect.