Recital 50

(50) To allow branches in Member States of credit institutions having their head offices outside the Union that are not members of a DGS established in the Union to meet the requirement to join a Union DGS, such branches should be given sufficient time to take the necessary steps to comply with that requirement.

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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.