Article 7
Information to be notified concerning the change of branch or tied agent particulars
Investment firms and such credit institutions as are referred to in Article 1(2)(b) shall ensure that any changes to the branch passport notification or tied agent passport notification that relate to the termination of the operation of the branch, or the cessation of the use of a tied agent, shall include the following information:
the name of the person or persons who will be responsible for the process of terminating the operation of the branch or the tied agent;
the schedule of the planned termination;
the details and processes proposed to wind down the business operations, including details of how client interests are to be protected, complaints resolved and any outstanding liabilities discharged.