Updated 17/10/2024
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Version from: 09/01/2024
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Article 29 - Amendments to Directive 2000/12/EC

Article 29

Amendments to Directive 2000/12/EC

Directive 2000/12/EC is amended as follows:

3. 

Article 16(2) shall be replaced by the following:

‘2.  
If the acquirer of the holdings referred to in paragraph 1 is a credit institution, insurance undertaking or investment firm authorised in another Member State or the parent undertaking of a credit institution, insurance undertaking or investment firm authorised in another Member State or a natural or legal person controlling a credit institution, insurance undertaking or investment firm authorised in another Member State, and if, as a result of that acquisition, the institution in which the acquirer proposes to hold a holding would become a subsidiary or subject to the control of the acquirer, the assessment of the acquisition must be subject to the prior consultation referred to in Article 12.’