(f)

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.’ ;

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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.