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Directive 2001/24/EC of the European Parliament and of the… Article 19

Directive 2001/24/EC of the European Parliament and of the… Article 19

Article 19

Branches of third-country credit institutions 1. The administrative or judicial authorities of the host Member State of the branch of a credit institution the head office of which is outside the Community shall without delay inform, by any available means, the competent authorities of the other host Member States in which the credit institution has set up branches on the list referred to in Article 11 of Directive 2000/12/EC and published each year in the Official Journal of the European Communities, of their decision to open winding-up proceedings, including the practical effects which these proceedings may have, if possible before they open or otherwise immediately thereafter. Information shall be communicated by the competent authorities of the first abovementioned host Member State. 2. Administrative or judicial authorities which decide to open proceedings to wind up a branch of a credit institution the head office of which is outside the Community shall inform the competent authorities of the other host Member States that winding-up proceedings have been opened and authorisation withdrawn. Information shall be communicated by the competent authorities in the host Member State which has decided to open the proceedings. 3. The administrative or judicial authorities referred to in paragraph 1 shall endeavour to coordinate their actions. Any liquidators shall likewise endeavour to coordinate their actions. TITLE IV PROVISIONS COMMON TO REORGANISATION MEASURES AND WINDING-UP PROCEEDINGS

Read the full instrument → · Read this in context: TITLE III — WINDING-UP PROCEEDINGS →

Other provisions in TITLE III — WINDING-UP PROCEEDINGS

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 19 of Directive 2001/24/EC of the European Parliament and of the… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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