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