F1PART 4APermission to carry on regulated activities
Notification
55Z2Notification of EBA
(1)
A regulator must notify EBA of—
(a)
the giving by it of a Part 4A permission to a credit institution, where the regulated activity to which the permission relates falls within paragraph 4 of Schedule 2, F2...
(b)
the cancellation by it of a Part 4A permission of a description falling within paragraph (a) F3and the reasons for the cancellation; or
F4(c)
the giving by it of a Part 4A permission to a credit institution whose head office is not in an EEA State.
F5(1A)
A notification given in accordance with paragraph (a) or (c) of subsection (1) must contain a statement to the effect that the compensation scheme makes provision for cases where the credit institution concerned is unable, or likely to be unable, to satisfy claims against it.
(2)
“Credit institution” has the meaning given in section 1H(8).