TITLE II

REORGANISATION MEASURES
B.

Credit institutions having their head offices outside the Community

Branches of third-country credit institutions
Article 8
1
The administrative or judicial authorities of the host Member State of a branch of a credit institution having its head office outside the Community shall without delay inform, by any available means, the competent authorities of the other host Member States in which the institution has set up branches which are included on the list referred to in Article 11 of Directive 2000/12/EC and published each year in the Official Journal of the European Communities, of their decision to adopt any reorganisation measure, including the practical effects which that measure may have, if possible before it is adopted or otherwise immediately thereafter. Information shall be communicated by the competent authorities of the host Member State whose administrative or judicial authorities decide to apply the measure.
2
The administrative or judicial authorities referred to in paragraph 1 shall endeavour to coordinate their actions.