(18)

Article 16 is amended as follows: paragraph 1 is replaced by the following: ‘1. Member States shall ensure that credit institutions provide actual and intending depositors with the information those depositors need to identify the DGSs of which the credit institution and its branches are members within the Union. Credit institutions shall provide that information in the form of an information sheet prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) 2023/2859 of the European Parliament and of the Council (*7). (*7) Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (OJ L, 2023/2859, 20.12.2023, ELI: http://data.europa.eu/eli/reg/2023/2859/oj).’;" the following paragraph is inserted: ‘1a. Member States shall ensure that the information sheet referred to in paragraph 1 contains all of the following: ; basic information about the protection of deposits; contact details of the credit institution as a first point of contact for information on the content of the information sheet; coverage level for deposits as referred to in Article 6(1) and (2), denominated in EUR or, where relevant, in another currency; applicable exclusions from DGS protection; limit of protection in relation to joint accounts; repayment period in case of the credit institution’s failure; currency of repayment; identification of the DGS responsible for protecting a deposit, including a reference to its website.’ paragraph 2 is replaced by the following: ‘2. Member States shall ensure that credit institutions provide the information sheet referred to in paragraph 1 before they enter into a contract on deposit-taking, and, subsequently, whenever there is any change to the information provided and at least every five years. Credit institutions shall require that depositors acknowledge the receipt of that information sheet when they enter into that contract.’ ; in paragraph 3, the first subparagraph is replaced by the following: ‘Member States shall ensure that credit institutions confirm on their depositors’ statements of account that the deposits concerned are eligible deposits, including a reference to the information sheet referred to paragraph 1.’; paragraph 4 is replaced by the following: ‘4. Member States shall ensure that credit institutions make the information referred to in this Article available in the language that was agreed by the depositor and the credit institution when the account was opened or in the official language or languages of the Member State in which the branch is established.’ ; paragraphs 6 and 7 are replaced by the following: ‘6. Member States shall ensure that in the case of a merger of credit institutions, conversion of subsidiaries of a credit institution into branches, or similar operations, credit institutions notify the DGS and their depositors thereof at least one month before that operation takes legal effect, unless the competent authority allows for a shorter deadline on grounds of commercial secrecy or financial stability. That notification shall explain the impact of the operation on depositor protection. Member States shall ensure that, where, as a result of the operations referred to in the first subparagraph of this paragraph, depositors with deposits in the credit institutions concerned will be affected by the reduced deposit protection, those credit institutions notify those depositors that they may withdraw or transfer to another credit institution their eligible deposits, including all accrued interest and benefits, without incurring any penalty, up to an amount equal to the lost coverage of their deposits, including with respect to the coverage levels provided under Article 6(2), within three months of the notification to the depositors referred to in the first subparagraph of this paragraph. 7. Member States shall ensure that credit institutions that cease to be a member of one DGS and join another have notified their depositors thereof at least one month prior to that change. That notification shall explain the impact of the change of membership on depositor protection.’ ; the following paragraph is inserted: ‘7a. Where a relevant administrative authority makes a determination as referred to in Article 2(1), point (8)(a), or a judicial authority makes a ruling as referred to in Article 2(1), point (8)(b), Member States shall ensure that designated authorities, DGSs and credit institutions concerned inform depositors thereof, including by a publication on their websites.’ ; paragraph 8 is replaced by the following: ‘8. Member States shall ensure that where a depositor uses internet banking, credit institutions provide the information they have to provide to their depositors under this Directive by electronic means unless a depositor requests to receive that information on paper.’ ; the following paragraph is added: ‘9. EBA shall develop draft implementing technical standards to specify: EBA shall submit the draft implementing technical standards referred to in the first subparagraph to the Commission by 11 May 2027. Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1093/2010.’ ; the content and the format of the information sheet referred to in paragraph 1; the procedure to be followed for the provision of, and the content of, the information to be provided in the communications from designated authorities, DGSs or credit institutions to depositors, in the situations referred to in Articles 8b and 8c and in paragraphs 6, 7 and 7a of this Article.

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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.