Regulation 7 Branches of credit institutions authorised in another Member State

Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 31 March 2014 - onwards

(1) Any provision of financial services legislation or any other enactment which has the effect of requiring a credit institution to seek, or to hold, an authorisation from the Bank, or to hold endowment capital, in order to establish or carry on business in the State, shall not apply to a branch of such a credit institution where -

(a) the credit institution is authorised to carry on such business in another Member State, and

(2) The establishment and supervision of branches referred to in paragraph (1) shall be effected in accordance with -

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