Recital 26

(26) Decision (CFSP) 2026/1849 introduces a derogation to allow competent authorities to authorise nationals of Member States or of countries of the European Economic Area or Switzerland to withdraw funds they hold at certain credit and financial institutions and entities providing crypto-asset services or payment services which are subject to a prohibition on engaging in any transactions, in order to terminate their operations, contracts or other agreements with the relevant institution or entity. Examples of such termination include where the natural person closes his or her accounts or withdraws all the funds he or she holds at the relevant entity and does not further establish or maintain any contractual relations with the relevant entity. In order to mitigate the risk of circumvention, funds should be transferred to credit or financial institutions incorporated under the law of a Member State or owned or controlled by credit or financial institutions incorporated under the law of a Member State. That exception is without prejudice to the prohibition on operators in the Union providing financial messaging services to the entities listed in Annexes XIV, XLIV and XLV to Regulation (EU) No 833/2014. Therefore, that exception is not to be interpreted as enabling the competent authority to authorise the provision of such services.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.