Directive 2000/12/EC is amended as follows:

1. 1.

   F1. . . . .

2. 2.

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3. 3.

   Article 16(2) shall be replaced by the following:

   ‘2.

   If the acquirer of the holdings referred to in paragraph 1 is a credit institution, insurance undertaking or investment firm authorised in another Member State or the parent undertaking of a credit institution, insurance undertaking or investment firm authorised in another Member State or a natural or legal person controlling a credit institution, insurance undertaking or investment firm authorised in another Member State, and if, as a result of that acquisition, the institution in which the acquirer proposes to hold a holding would become a subsidiary or subject to the control of the acquirer, the assessment of the acquisition must be subject to the prior consultation referred to in Article 12.’

4. 4.

   F1. . . . .

5. 5.

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6. 6.

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7. 7.

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8. 8.

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9. 9.

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10. 10.

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11. 11.

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