38. For this purpose, competent authorities should also review the draft contract(s) to deposit the …

For this purpose, competent authorities should also review the draft contract(s) to deposit the eligible assets in escrow in accordance with Article 48e(3) CRD, in particular they should verify that the ‘ escrow account is held in the Member State where the branch is authorised with a credit institution that is not part of its head undertaking’s group or, where permitted under national law, with the central bank of the Member State ’ . Furthermore, taking into account the minimum operational requirements set out in the draft EBA Guidelines on the instruments meeting requirements for the capital endowment, competent authorities should assess that the contractual provisions ensure compliance with the minimum capital endowment requirement at all times and the availability of such eligible instruments in case of resolution or winding-up of the third-country branch in accordance with Article 48e(3) CRD.

1. Ħarsa ġenerali

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

3. Standards relatati

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/