The RTS are intended to support the proportionate and prudent common approach for the licensing of banking activities in the EU.
They support the level playing field as regards access to the activity of credit institutions by harmonising the information required to be provided to competent authorities in order to enable them to assess applicants against the conditions for authorisation laid down in the Capital Requirements Directive (CRD), including in relation to the programme of operations and structural organisation, initial capital, effective direction and place of business of the applicants.
In addition, the RTS acknowledge the need to verify whether all requirements for authorisation laid down by the Member States and notified to the EBA have been satisfied. In this regard, the RTS give competent authorities the ability to require additional information where such verifications are needed.
The EBA encourages the Commission to adopt the RTS and ITS at the earliest possible opportunity to support the consistent, efficient and rigorous assessment of any applications for authorisation to be submitted by entities seeking to relocate in the context of the UK's withdrawal from the EU.
Press release
Draft RTS and ITS on Authorisation of Credit Institutions
© EBA
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