Article 39

Path:
Capital Requirements Directive 4 (CRD4) > TITLE V > CHAPTER 3 > Article 39
Title:
Article 39
Description:
Notification procedure
Main content:
1. Any credit institution wishing to exercise the freedom to provide services by carrying out its activities within the territory of another Member State for the first time shall notify the competent authorities of the home Member State of the activities on the list in Annex I which it intends to carry out.
 
2. The competent authorities of the home Member State shall, within one month of receipt of the notification provided for in paragraph 1, send that notification to the competent authorities of the host Member State.
 
3. This Article shall not affect rights acquired by credit institutions providing services before 1 January 1993.
 
6. EBA shall submit the draft technical standards referred to in paragraphs 4 and 5 to the Commission by 1 January 2014.