1.
CRD IV
The competent authority shall, before granting authorisation to a credit institution, consult the competent authorities of another Member State where the credit institution is: a subsidiary of a credit institution authorised in that other Member State; a subsidiary of the parent undertaking of a credit institution authorised in that other Member State; controlled by the same natural or legal persons as those who control a credit institution authorised in that other Member State.
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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.