Article 154

Path:
Capital Requirements Directive 4 (CRD4) > TITLE XI > CHAPTER 1 > Article 154
Title:
Article 154
Description:
Precautionary measures
Main content:
Before following the procedure provided for in Article 153, the competent authorities of the host Member State may, in emergencies, take any precautionary measures necessary to protect the interests of depositors, investors and others to whom services are provided. The Commission and the competent authorities of the other Member States concerned shall be informed of such measures at the earliest opportunity.
 
The Commission may, after consulting the competent authorities of the Member States concerned, decide that the Member State in question shall amend or abolish those measures.