(b)

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.’

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