TITLE I

DEFINITIONS AND SCOPE

Definitions
Article 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Scope
Article 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prohibition for undertakings other than credit institutions from carrying on the business of taking deposits or other repayable funds from the public
Article 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE II

REQUIREMENTS FOR ACCESS TO THE TAKING UP AND PURSUIT OF THE BUSINESS OF CREDIT INSTITUTIONS

Authorisation
Article 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Initial capital
Article 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Management body and place of the head office of credit institutions
Article 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Shareholders and members
Article 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Programme of operations and structural organisation
Article 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Economic needs
Article 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Authorisation refusal
Article 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notification of the authorisation to the Commission
Article 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prior consultation with the competent authorities of other Member States
Article 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Branches of credit institutions authorised in another Member State
Article 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Withdrawal of authorisation
Article 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Name
Article 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualifiying holding in a credit institution
Article 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedures and internal control mechanisms
Article 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE III

PROVISIONS CONCERNING THE FREEDOM OF ESTABLISHMENT AND THE FREEDOM TO PROVIDE SERVICES

Credit institutions
Article 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Financial institutions
Article 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exercise of the right of establishment
Article 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exercise of the freedom to provide services
Article 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power of the competent authorities of the host Member State
Article 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE IV

RELATIONS WITH THIRD COUNTRIES

Notification of the subsidiaries of third countries' undertakings and conditions of access to the markets of these countries
Article 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Branches of credit institutions having their head offices outside the Community
Article 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cooperation with third countries' competent authorities regarding supervision on a consolidated basis
Article 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE V

PRINCIPLES AND TECHNICAL INSTRUMENTS FOR PRUDENTIAL SUPERVISION
CHAPTER 1

PRINCIPLES OF PRUDENTIAL SUPERVISION

Competence of control of the home Member State
Article 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Competence of the host Member State
Article 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Collaboration concerning supervision
Article 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

On-the-spot verification of branches established in another Member State
Article 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information and professional secrecy
Article 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty of persons responsible for the legal control of annual and consolidated accounts
Article 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power of sanction of the competent authorities
Article 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right to apply to the courts
Article 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 33a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

TECHNICAL INSTRUMENTS OF PRUDENTIAL SUPERVISION
Section 1

Own funds

General principles
Article 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other items
Article 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other provisions concerning own funds
Article 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Calculation of own funds on a consolidated basis
Article 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions and limits
Article 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Provision of proof to the competent authorities
Article 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 2

Solvency ratio

General principles
Article 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The numerator: own funds
Article 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The denominator: risk-adjusted assets and off-balance-sheet items
Article 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Risk weightings
Article 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Weighting of claims for regional governments or local authorities of the Member States
Article 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other weighting
Article 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Administrative bodies and non-commercial undertakings
Article 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Solvency ratio level
Article 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 3

Large exposures

Reporting of large exposures
Article 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Limits on large exposures
Article 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supervision on a consolidated or unconsolidated basis of large exposures
Article 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 4

Qualifying holdings outside the financial sector

Limits to non-financial qualifying holdings
Article 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

SUPERVISION ON A CONSOLIDATED BASIS

Supervision on a consolidated basis of credit institutions
Article 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Competent authorities responsible for exercising supervision on a consolidated basis
Article 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form and extent of consolidation
Article 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Management body of financial holding companies
Article 54a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Information to be supplied by mixed-activity holding companies and their subsidiaries
Article 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Intra-group transactions with mixed-activity holding companies
Article 55a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Measures to facilitate supervision on a consolidated basis
Article 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Third-country parent undertakings
Article 56a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE VI

BANKING ADVISORY COMMITTEE

Composition and tasks of the Banking Advisory Committee
Article 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Examination of the requirements for authorisation
Article 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Observation ratios
Article 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE VII

POWERS OF EXECUTION

Technical adaptations
Article 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE VIII

TRANSITIONAL AND FINAL PROVISIONS
CHAPTER 1

TRANSITIONAL PROVISIONS

Transitional provisions regarding Article 36
Article 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provisions regarding Article 43
Article 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provisions regarding Article 47
Article 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provisions regarding Article 49
Article 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provisions regarding Article 51
Article 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

FINAL PROVISIONS

Commission information
Article 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Repealed Directives
Article 67 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Implementation
Article 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Addressees
Article 69 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repealed by Directive 2006/48/EC of the European Parliament and of the council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance).