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AI Summary of Regulation 33 Provisions relating to the establishment of a branch in another Member State

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards
Version 3 of 3

Regulation 33 Provisions relating to the establishment of a branch in another Member State

(1) A credit institution authorised by the Bank which proposes to establish a branch in another Member State shall notify the Bank in advance of establishing the branch and shall provide the following information with the notification:

(a) the name of the Member State in which the branch is to be situated;

(b) a scheme setting out -

(i) the proposed programme of operations of the branch,

(ii) the business to be engaged in, and

(iii) the manner in which the activities of the branch will be organised;

(c) the names of the persons who will be responsible for the management of the branch;

(d) the address in the Member State in which the branch is to be so situated and at which the Bank may serve a notice.