40. Competent authorities should verify that the applicant head undertaking has deposited the …

Competent authorities should verify that the applicant head undertaking has deposited the eligible instruments meeting the capital endowment requirement in the escrow account. Where such eligible instruments have not yet been deposited in part or in total at the time of the submission of the application for authorisation, competent authorities should ensure that the applicant head undertaking has committed in the application for authorisation to deposit such eligible instruments at the latest prior to the moment when the authorisation to establish a TCB, where granted, becomes effective in accordance with national law.

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/