(1) Where an institution that is not authorised in the State has a branch in the State, the Bank may make a request to -

(a) the competent authorities of the Member State in which the institution is authorised, or

(b) a competent authority that is a consolidating supervisor in relation to the institution where Article 112 of the Capital Requirements Directive applies,

that the branch be considered as significant.

(2) A request by the Bank under paragraph (1) shall include reasons for considering the branch in the State as significant, with particular regard to the following:

(a) whether the market share, in terms of deposits, of the branch in the State exceeds 2 per cent;

(b) the likely effect of a suspension or closure of the operations of the institution on systemic liquidity, and the payment and clearing and settlement systems, in the State;

(c) the size and the importance of the branch in terms of number of clients within the context of the banking or financial system of the State.