Article 27d Notification of divestiture

Article 27d

Member States shall require institutions, and financial holding companies and mixed financial holding companies within the scope of Article 21a(1), to notify the competent authority where they intend to dispose, directly or indirectly, of a material holding as determined in accordance with Article 27a(2). That notification shall be made in writing and in advance of the divestiture, indicating the size of the holding concerned.