(13)

Article 5c is amended as follows: in paragraph 1, the introductory wording is replaced by the following: ‘1. By way of derogation from Articles 5b(1) and (2), the competent authorities may authorise the acceptance of such a deposit or the provision of such a service, under such conditions as they deem appropriate, after having determined that the acceptance of such a deposit or the provision of such a service is:’ ; the following paragraphs are inserted: ‘1a. The prohibition in Article 5b(2), points (b) and (c), shall not apply to the provision of personalised security credentials necessary to access an account with a credit institution or an electronic money institution established in a Member State or a partner country as listed in Annex VIII. 1b. By way of derogation from Article 5b(2), points (b) and (c), the competent authorities may authorise the provision of such a service, under such conditions as they deem appropriate, after having determined that to do so is necessary for the exclusive use of legal persons, entities or bodies established in Russia that are owned by, or solely or jointly controlled by, a legal person, entity or body which is incorporated or constituted under the law of a Member State or a partner country as listed in Annex VIII.’ ; paragraph 2 is replaced by the following: ‘2. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 1, points (a), (b), (c), (e), (f) or (g), or under paragraph 1b within two weeks of the authorisation.’ ;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-16 · Text as adopted (Official Journal); later amendments are not incorporated in this text.