(8)

Article 8 is amended as follows: paragraph 1 is replaced by the following: ‘1. DGSs shall ensure that the repayable amount is available as soon as possible and in any event within seven working days of the date on which 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).’ ; paragraph 2 is deleted; paragraph 3 is replaced by the following: ‘3. By way of derogation from paragraph 1, Member States shall allow DGSs to apply a longer period for repayment of: That longer period shall not exceed 20 working days from the date on which those DGSs receive the complete information or documentation they have requested in order to examine the claims and to verify that the conditions for repayment are met.’ ; the deposits referred to in Article 6(2) exceeding the amount defined in Article 6(1); and the deposits referred to in Article 7(3) and Article 8b where the person who is absolutely entitled to those deposits has not been identified when those deposits become unavailable. paragraph 4 is deleted; paragraph 5 is amended as follows: point (b) is deleted; point (c) is replaced by the following: ; by way of derogation from paragraph 9, there has been no transaction relating to the deposit within the last 24 months, and the account is therefore dormant, except where a depositor also has deposits on another account with the same credit institution that is not dormant; or’ point (d) is deleted; the following paragraph is inserted: ‘5a. Without prejudice to Article 9(3), where a deposit is subject to restrictive measures adopted by the Union on the basis of Article 29 of the Treaty on European Union (TEU) or Article 215 TFEU (“Union restrictive measures”), Member States shall ensure that DGSs suspend the repayment of the repayable amount for the duration of such measures. Member States shall ensure that credit institutions earmark deposits subject to Union restrictive measures in a way that allows immediate identification for the purpose of the first subparagraph of this paragraph.’ ; paragraph 8 is deleted; paragraph 9 is replaced by the following: ‘9. Member States shall ensure that where there has been no transaction relating to the deposit during the last 24 months, a DGS may set a threshold concerning the administrative costs that would be incurred by that DGS in making such a repayment. The DGS shall not be obliged to take active steps to repay depositors below that threshold. However, Member States shall ensure that the DGS repays depositors below that threshold where so requested by those depositors.’ ;

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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.