TITLE III

WINDING-UP PROCEEDINGS
A.

Credit institutions having their head offices within the Community

Withdrawal of a credit institution's authorisation
Article 12
1
Where the opening of winding-up proceedings is decided on in respect of a credit institution in the absence, or following the failure, of reorganisation measures, the authorisation of the institution shall be withdrawn in accordance with, in particular, the procedure laid down in Article 22(9) of Directive 2000/12/EC.
2
The withdrawal of authorisation provided for in paragraph 1 shall not prevent the person or persons entrusted with the winding up from carrying on some of the credit institution's activities insofar as that is necessary or appropriate for the purposes of winding up.
The home Member State may provide that such activities shall be carried on with the consent, and under the supervision, of the competent authorities of that Member State.