AI Summary of Article 15a Affiliated credit institutions that have branches in third countries
Member States shall ensure that deposit guarantee schemes (DGSs) do not cover depositors at branches established in third countries by credit institutions affiliated to those DGSs.
By way of derogation from that rule, Member States may provide that DGSs cover such depositors on the condition that the DGSs raise corresponding contributions from the credit institutions concerned and that coverage is subject to the approval of the designated authority.
Article 15a Affiliated credit institutions that have branches in third countries
Member States shall ensure that DGSs do not cover depositors at branches that have been set up in third countries by their affiliated credit institutions.
By way of derogation from the first paragraph, Member States may provide that DGSs cover depositors at branches that have been set up in third countries by their affiliated credit institutions on the condition that those DGSs raise corresponding contributions from the credit institutions concerned and subject to the approval of the designated authority.