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4.

CRD IV

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: the initial capital is no less than EUR 1 million; the Member States concerned notify the Commission and EBA of their reasons for exercising that option.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.