(15)

Article 14 is amended as follows: paragraph 1 is replaced by the following: ‘1. Member States shall ensure that DGSs cover the following: ; depositors at branches set up by their affiliated credit institutions in other Member States; and depositors at their affiliated credit institutions exercising the freedom to provide services as referred to in Title V, Chapter 3, of Directive 2013/36/EU where those depositors make use of those services in a different Member State.’ in paragraph 2, the following subparagraph is added: ‘By way of derogation from the first subparagraph, Member States shall ensure that a DGS of the home Member State may decide to repay depositors at branches in another Member State directly where all of the following apply: ; the administrative burden and cost of such repayment is lower than the repayment by a DGS of the host Member State; the DGS of the home Member State ensures that the depositors are not worse off than they would have been if the repayment had been conducted in accordance with the first subparagraph; the repayment is made in the same currency as it would have been if it had been conducted in accordance with the first subparagraph.’ the following paragraphs are inserted: ‘2a. Member States shall ensure that a DGS of a host Member State may, subject to an agreement with a DGS of a home Member State, act as the point of contact for depositors at credit institutions that exercise the freedom to provide services as referred to in Title V, Chapter 3, of Directive 2013/36/EU, and shall be compensated by the DGS of the home Member State for the costs incurred. 2b. Where paragraph 2 applies, Member States shall ensure that the DGS of the home Member State and the DGS of the host Member State concerned have an agreement in place on the payout terms and conditions, including on the compensation of any costs incurred, the contact point for depositors, the timeline and the payment method. 2c. Where paragraph 2 or 2a applies, the DGS of the home Member State shall provide the DGS of the host Member State with information on: ; the number of depositors at branches set up by its affiliated credit institutions in that host Member State, the amount of covered deposits in those branches and any relevant changes thereto; the number of depositors at its affiliated credit institutions exercising the freedom to provide services as referred to in Title V, Chapter 3, of Directive 2013/36/EU where these depositors make use of these services in that host Member State, the total amount of covered deposits of those depositors and any relevant changes thereto.’ paragraph 3 is replaced by the following: ‘3. Member States shall ensure that, where a credit institution ceases to be a member of a DGS and joins another DGS, or if some of the credit institution’s activities are transferred to another DGS, the DGS of origin transfers to the receiving DGS the contributions due for the 12 months preceding the change of DGS membership or transfer of activities, in proportion to the amount of covered deposits transferred, with the exception of the extraordinary contributions referred to in Article 10(8).’ ; the following paragraph is inserted: ‘3a. For the purposes of paragraph 3, Member States shall ensure that the DGS of origin transfers, at the request of the receiving DGS, the amount referred to in that paragraph within one month of that request.’ ; in paragraph 4, the first subparagraph is replaced by the following: ‘4. Member States shall ensure that DGSs of the home Member State exchange information referred to under Article 4(7) and (10), and Article 16a(1) and (2) with those in host Member States. The restrictions set out in Article 4(11) shall apply.’ ; the following paragraph is added: ‘9. By 11 May 2028, EBA shall issue guidelines on the respective roles of the DGS of the home and host Member States as referred to in paragraph 2, including a list of circumstances and conditions under which a DGS of the home Member State is able to decide to repay depositors at branches located in another Member State as laid down in paragraph 2, third subparagraph.’ ;

← (d) · All articles · (a) →

Source: EUR-Lex (Cellar) · retrieved 2026-10-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.