4.2 General approach to be followed when establishing cooperation agreements

DGSs or, where appropriate, designated authorities, should adhere to the multilateral framework cooperation agreement (MFCA) between deposit guarantee schemes in the European Union or conclude bilateral or multilateral cooperation agreements with all other relevant DGSs and, where appropriate, designated authorities in the EU by [6 months from publication of the translation of the guidelines in all EU official languages on the EBA’s website].

The terms and conditions of the MFCA are those set out in Annex 1 to these guidelines. Where DGSs or, where appropriate, the designated authorities, need to further specify certain elements not covered by the terms and conditions of the MFCA, they may supplement such agreement with bilateral or multilateral agreements, provided that the terms of those agreements do not contradict the terms and conditions specified in the MFCA.

DGSs or, where appropriate, designated authorities, should conclude bilateral or multilateral cooperation agreements only where they intend that these cooperation agreements contain terms which go beyond the level of detail required by these guidelines. Such agreements should be based on relevant terms set out in Annex 1, so far as possible.