(c)

paragraphs 5 and 6 are replaced by the following: ‘5. Member States shall ensure that the DGS informs the designated authority and the competent authority concerned where the measures referred to in paragraphs 4 and 4a fail to restore compliance by the credit institution with its obligations as a DGS member. Member States shall ensure that the DGS or, where appropriate, the designated authority concerned assesses whether that credit institution still fulfils the conditions for continued membership of that DGS and informs the competent authority concerned of the outcome of that assessment. 6. Member States shall ensure that where a competent authority decides to withdraw an authorisation in accordance with Article 18 of Directive 2013/36/EU, the credit institution concerned ceases to be a member of its DGS. Member States shall ensure that deposits held at that credit institution on the date on which it ceased to be a member of the DGS following the withdrawal of authorisation continue to be covered by that DGS.’ ;

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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.