Updated 05/02/2025
In force

Version from: 29/12/2022
Amendments (1)
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CRD IV ToolDelegated Regulation 1151/2014
Article 4

Article 4 - Delegated Regulation 1151/2014

Article 4

Change in branch particulars notification and notification of termination of operation of a branch

1.  
A change in branch particulars notification which is not related to a planned termination of operation of a branch shall be notified where there is a change in the information specified in Article 3(1)(a) and (b), other than the one specified in Article 3(2)(d) since the last notification by the credit institution, or, if that information had not been notified, since the date of the entry into force of this Regulation.
2.  

The information to be notified when a credit institution plans to terminate the operation of a branch shall include the following:

(a) 

the name and contact details of the persons who will be responsible for the process of terminating the operation of the branch;

(b) 

the estimated schedule for the planned termination and any relevant updates as the process evolves;

(c) 

the information on the process of terminating the business relations with branch customers;

(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.