Search Legislation

Directive 2013/36/EU of the European Parliament and of the CouncilShow full title

Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance)

 Help about what version

What Version

 Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Close

This item of legislation originated from the EU

Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).

Status:

EU Directives are published on this site to aid cross referencing from UK legislation. Since IP completion day (31 December 2020 11.00 p.m.) no amendments have been applied to this version.

  1. Introductory Text

  2. TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

    1. Article 1.Subject matter

    2. Article 2.Scope

    3. Article 3.Definitions

  3. TITLE II COMPETENT AUTHORITIES

    1. Article 4.Designation and powers of the competent authorities

    2. Article 5.Coordination within Member States

    3. Article 6.Cooperation within the European System of Financial Supervision

    4. Article 7.Union dimension of supervision

  4. TITLE III REQUIREMENTS FOR ACCESS TO THE ACTIVITY OF CREDIT INSTITUTIONS

    1. CHAPTER 1 General requirements for access to the activity of credit institutions

      1. Article 8.Authorisation

      2. Article 9.Prohibition against persons or undertakings other than credit institutions from carrying out the business of taking deposits or other repayable funds from the public

      3. Article 10.Programme of operations and structural organisation

      4. Article 11.Economic needs

      5. Article 12.Initial capital

      6. Article 13.Effective direction of the business and place of the head office

      7. Article 14.Shareholders and members

      8. Article 15.Refusal of authorisation

      9. Article 16.Prior consultation of the competent authorities of other Member States

      10. Article 17.Branches of credit institutions authorised in another Member State

      11. Article 18.Withdrawal of authorisation

      12. Article 19.Name of credit institutions

      13. Article 20.Notification of authorisation and withdrawal of authorisation

      14. Article 21.Waiver for credit institutions permanently affiliated to a central body

    2. CHAPTER 2 Qualifying holding in a credit institution

      1. Article 22.Notification and assessment of proposed acquisitions

      2. Article 23.Assessment criteria

      3. Article 24.Cooperation between competent authorities

      4. Article 25.Notification in the case of a divestiture

      5. Article 26.Information obligations and penalties

      6. Article 27.Criteria for qualifying holdings

  5. TITLE IV INITIAL CAPITAL OF INVESTMENT FIRMS

    1. Article 28.Initial capital of investment firms

    2. Article 29.Initial capital of particular types of investment firms

    3. Article 30.Initial capital of local firms

    4. Article 31.Coverage for firms not authorised to hold client money or securities

    5. Article 32.Grandfathering provision

  6. TITLE V PROVISIONS CONCERNING THE FREEDOM OF ESTABLISHMENT AND THE FREEDOM TO PROVIDE SERVICES

    1. CHAPTER 1 General Principles

      1. Article 33.Credit institutions

      2. Article 34.Financial institutions

    2. CHAPTER 2 The right of establishment of credit institutions

      1. Article 35.Notification requirement and interaction between competent authorities

      2. Article 36.Commencement of activities

      3. Article 37.Information about refusals

      4. Article 38.Aggregation of branches

    3. CHAPTER 3 Exercise of the freedom to provide services

      1. Article 39.Notification procedure

    4. CHAPTER 4 Powers of the competent authorities of the host Member State

      1. Article 40.Reporting requirements

      2. Article 41.Measures taken by the competent authorities of the home Member State in relation to activities carried out in the host Member State

      3. Article 42.Reasons and communication

      4. Article 43.Precautionary measures

      5. Article 44.Powers of host Member States

      6. Article 45.Measures following withdrawal of authorisation

      7. Article 46.Advertising

  7. TITLE VI RELATIONS WITH THIRD COUNTRIES

    1. Article 47.Notification in relation to third-country branches and conditions of access for credit institutions with such branches

    2. Article 48.Cooperation with supervisory authorities of third countries regarding supervision on a consolidated basis

  8. TITLE VII PRUDENTIAL SUPERVISION

    1. CHAPTER 1 Principles of prudential supervision

      1. Section I Competence and duties of home and host Member States

        1. Article 49.Competence of the competent authorities of the home and host Member States

        2. Article 50.Collaboration concerning supervision

        3. Article 51.Significant branches

        4. Article 52.On-the-spot checking and inspection of branches established in another Member State

      2. Section II Exchange of information and professional secrecy

        1. Article 53.Professional secrecy

        2. Article 54.Use of confidential information

        3. Article 54a.Articles 53 and 54 shall be without prejudice to the...

        4. Article 55.Cooperation agreements

        5. Article 56.Exchange of information between authorities

        6. Article 57.Exchange of information with oversight bodies

        7. Article 58.Transmission of information concerning monetary, deposit protection, systemic and payment aspects

        8. Article 59.Transmission of information to other entities

        9. Article 60.Disclosure of information obtained by on-the-spot checks and inspections

        10. Article 61.Disclosure of information concerning clearing and settlement services

        11. Article 62.Processing of personal data

      3. Section III Duty of persons responsible for the legal control of annual and consolidated accounts

        1. Article 63.Duty of persons responsible for the legal control of annual and consolidated accounts

      4. Section IV Supervisory powers, powers to impose penalties and right of appeal

        1. Article 64.Supervisory powers and powers to impose penalties

        2. Article 65.Administrative penalties and other administrative measures

        3. Article 66.Administrative penalties and other administrative measures for breaches of authorisation requirements and requirements for acquisitions of qualifying holdings

        4. Article 67.Other provisions

        5. Article 68.Publication of administrative penalties

        6. Article 69.Exchange of information on penalties and maintenance of a central database by EBA

        7. Article 70.Effective application of penalties and exercise of powers to impose penalties by competent authorities

        8. Article 71.Reporting of breaches

        9. Article 72.Right of appeal

    2. CHAPTER 2 Review Processes

      1. Section I Internal capital adequacy assessment process

        1. Article 73.Internal Capital

      2. Section II Arrangements, processes and mechanisms of institutions

        1. Sub-Section 1 General principles

          1. Article 74.Internal governance and recovery and resolution plans

          2. Article 75.Oversight of remuneration policies

        2. Sub-Section 2 Technical criteria concerning the organisation and treatment of risks

          1. Article 76.Treatment of risks

          2. Article 77.Internal Approaches for calculating own funds requirements

          3. Article 78.Supervisory benchmarking of internal approaches for calculating own funds requirements

          4. Article 79.Credit and counterparty risk

          5. Article 80.Residual risk

          6. Article 81.Concentration risk

          7. Article 82.Securitisation risk

          8. Article 83.Market risk

          9. Article 84.Interest risk arising from non-trading book activities

          10. Article 85.Operational risk

          11. Article 86.Liquidity risk

          12. Article 87.Risk of excessive leverage

        3. Sub-Section 3 Governance

          1. Article 88.Governance arrangements

          2. Article 89.Country-by-country reporting

          3. Article 90.Public disclosure of return on assets

          4. Article 91.Management body

          5. Article 92.Remuneration policies

          6. Article 93.Institutions that benefit from government intervention

          7. Article 94.Variable elements of remuneration

          8. Article 95.Remuneration Committee

          9. Article 96.Maintenance of a website on corporate governance and remuneration

      3. Section III Supervisory review and evaluation process

        1. Article 97.Supervisory review and evaluation

        2. Article 98.Technical criteria for the supervisory review and evaluation

        3. Article 99.Supervisory examination programme

        4. Article 100.Supervisory stress testing

        5. Article 101.Ongoing review of the permission to use internal approaches

      4. Section IV Supervisory measures and powers

        1. Article 102.Supervisory measures

        2. Article 103.Application of supervisory measures to institutions with similar risk profiles

        3. Article 104.Supervisory powers

        4. Article 105.Specific liquidity requirements

        5. Article 106.Specific publication requirements

        6. Article 107.Consistency of supervisory reviews, evaluations and supervisory measures

      5. Section V Level of application

        1. Article 108.Internal capital adequacy assessment process

        2. Article 109.Institutions' arrangements, processes and mechanisms

        3. Article 110.Review and evaluation and supervisory measures

    3. CHAPTER 3 Supervision on a consolidated basis

      1. Section I Principles for conducting supervision on a consolidated basis

        1. Article 111.Determination of the consolidating supervisor

        2. Article 112.Coordination of supervisory activities by the consolidating supervisor

        3. Article 113.Joint decisions on institution-specific prudential requirements

        4. Article 114.Information requirements in emergency situations

        5. Article 115.Coordination and cooperation arrangements

        6. Article 116.Colleges of supervisors

        7. Article 117.Cooperation obligations

        8. Article 118.Checking information concerning entities in other Member States

      2. Section II Financial holding companies, mixed financial holding companies and mixed-activity holding companies

        1. Article 119.Inclusion of holding companies in consolidated supervision

        2. Article 120.Supervision of mixed financial holding companies

        3. Article 121.Qualification of directors

        4. Article 122.Requests for information and inspections

        5. Article 123.Supervision

        6. Article 124.Exchange of information

        7. Article 125.Cooperation

        8. Article 126.Penalties

        9. Article 127.Assessment of equivalence of third countries' consolidated supervision

    4. CHAPTER 4 Capital Buffers

      1. Section I Buffers

        1. Article 128.Definitions

        2. Article 129.Requirement to maintain a capital conservation buffer

        3. Article 130.Requirement to maintain an institution-specific countercyclical capital buffer

        4. Article 131.Global and other systemically important institutions

        5. Article 132.Reporting

        6. Article 133.Requirement to maintain a systemic risk buffer

        7. Article 134.Recognition of a systemic risk buffer rate

      2. Section II Setting and calculating countercyclical capital buffers

        1. Article 135.ESRB guidance on setting countercyclical buffer rates

        2. Article 136.Setting countercyclical buffer rates

        3. Article 137.Recognition of countercyclical buffer rates in excess of 2,5 %

        4. Article 138.ESRB recommendation on third country countercyclical buffer rates

        5. Article 139.Decision by designated authorities on third country countercyclical buffer rates

        6. Article 140.Calculation of institution-specific countercyclical capital buffer rates

      3. Section III Capital conservation measures

        1. Article 141.Restrictions on distributions

        2. Article 142.Capital Conservation Plan

  9. TITLE VIII DISCLOSURE BY COMPETENT AUTHORITIES

    1. Article 143.General disclosure requirements

    2. Article 144.Specific disclosure requirements

  10. TITLE IX DELEGATED AND IMPLEMENTING ACTS

    1. Article 145.Delegated Acts

    2. Article 146.Implementing Acts

    3. Article 147.European Banking Committee

    4. Article 148.Exercise of the delegation

    5. Article 149.Objections to regulatory technical standards

  11. TITLE X AMENDMENTS OF DIRECTIVE 2002/87/EC

    1. Article 150.Amendments of Directive 2002/87/EC

  12. TITLE XI TRANSITIONAL AND FINAL PROVISIONS

    1. CHAPTER 1 Transitional provisions on the supervision of institutions exercising the freedom of establishment and the freedom to provide services

      1. Article 151.Scope

      2. Article 152.Reporting requirements

      3. Article 153.Measures taken by the competent authorities of the home Member State in relation to activities carried out in the host Member State

      4. Article 154.Precautionary measures

      5. Article 155.Responsibility

      6. Article 156.Liquidity supervision

      7. Article 157.Collaboration concerning supervision

      8. Article 158.Significant branches

      9. Article 159.On-the-spot checks

    2. CHAPTER 2 Transitional provisions for capital buffers

      1. Article 160.Transitional provisions for capital buffers

    3. CHAPTER 3 Final provisions

      1. Article 161.Review and report

      2. Article 162.Transposition

      3. Article 163.Repeal

      4. Article 164.Entry into force

      5. Article 165.Addressees

    1. ANNEX I

      LIST OF ACTIVITIES SUBJECT TO MUTUAL RECOGNITION

      1. Taking deposits and other repayable funds. Lending including, inter alia:...

      2. The services and activities provided for in Sections A and...

    2. ANNEX II

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources