+Article 12 4.

Article 12 4.

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

Requirements

3. Related Standards

Standards