Amendments to Delegated Regulation (EU) No 1151/2014
Article 1
Open ↗Delegated Regulation (EU) No 1151/2014 is amended as follows: (1) Article 3 is amended as follows: (a) in paragraph 1, point (a) is replaced by the following: ‘(a) name and address of the credit institution and intended principal place of business of the branch;’; (b) paragraph 2 is amended as follows: (i) in point (a), points (ii) and (iii) are replaced by the following: ‘(ii) a list of the activities in Annex I to Directive 2013/36/EU that the credit institution intends to carry out in the host Member State, including the intended start date for each activity as accurate as possible, and, in case of cessation of activities, the list of the ceased activities; (iii) a list of the activities that will constitute the core business in the host Member State;’ (ii) in point (b), point (iii) is amended as follows: — the introductory wording is replaced by the following: ‘(iii) where the branch is expected to carry out one or more of the investment services and activities defined in Article 4(1), point (2), of Directive 2014/65/EU of the European Parliament and of the Council ( * ) , a description of the following arrangements: — the second indent is replaced by the following: ‘— the arrangements for compliance with the obligations laid down in Articles 24 to 28 of Directive 2014/65/EU and measures adopted pursuant thereto by the relevant competent authorities of the host Member State;’; (iii) in point(d), point (i) is replaced by the following: ‘(i) a financial plan containing forecasts for balance sheet and profit and loss account covering a period of three years, containing the underlying assumptions;’; (2) in Article 4(2), the following point (d) is added: ‘(d) where the branch takes or took deposits and other repayable funds in the exercise of its activities, a statement by the credit institution listing the measures that have been or that are being undertaken to ensure that the credit institution will no longer hold deposits or other repayable funds from the public through the branch after the termination of operation of that branch.’; (3) in Article 5, point (c) is replaced by the following: ‘(c) the intended commencement date, as accurate as possible, for each activity that the credit institution intends to carry out.’.