Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance)Text with EEA relevance

• Coming into Force: 28 June 2021
• ELI: http://data.europa.eu/eli/dir/2013/36/2021-06-28
• Celex Number: 02013L0036-20210628
• Published date: 28 June 2021
• Date: 28 June 2021

02013L0036 — EN — 28.06.2021 — 007.001

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►B ►M6 DIRECTIVE 2013/36/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ◄ (Text with EEA relevance) (OJ L 176 27.6.2013, p. 338)

Amended by:

		Official Journal
		No	page	date
►M1	DIRECTIVE 2014/17/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 4 February 2014	L 60	34	28.2.2014
M2	DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014	L 173	190	12.6.2014
►M3	DIRECTIVE (EU) 2015/2366 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015	L 337	35	23.12.2015
M4	DIRECTIVE (EU) 2018/843 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 30 May 2018	L 156	43	19.6.2018
►M5	DIRECTIVE (EU) 2019/878 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2019	L 150	253	7.6.2019
►M6	DIRECTIVE (EU) 2019/2034 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019	L 314	64	5.12.2019
►M7	DIRECTIVE (EU) 2021/338 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 February 2021	L 68	14	26.2.2021

Corrected by:

►C1	Corrigendum, OJ L 208, 2.8.2013, p. 73 (2013/36/EU)
►C2	Corrigendum, OJ L 020, 25.1.2017, p. 1 (2013/36/EU)
►C3	Corrigendum, OJ L 212, 3.7.2020, p. 20 (2019/878)

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DIRECTIVE 2013/36/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 26 June 2013

on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC

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(Text with EEA relevance)

TITLE I

SUBJECT MATTER, SCOPE AND DEFINITIONS

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Article 1

Subject matter

This Directive lays down rules concerning:

(a)

access to the activity of credit institutions;

(b)

supervisory powers and tools for the prudential supervision of credit institutions by competent authorities;

(c)

the prudential supervision of credit institutions by competent authorities in a manner that is consistent with the rules set out in Regulation (EU) No 575/2013;

(d)

publication requirements for competent authorities in the field of prudential regulation and supervision of credit institutions.

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Article 2

Scope

1.

This Directive shall apply to institutions.

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4.

Article 34 and Title VII, Chapter 3 shall apply to financial holding companies, mixed financial holding companies and mixed-activity holding companies which have their head offices in the Union;

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5.

This Directive shall not apply to the following:

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(2)

central banks;

(3)

post office giro institutions;

(4)

in Denmark, the ‘Eksport Kredit Fonden’, the ‘Eksport Kredit Fonden A/S’, the ‘Danmarks Skibskredit A/S’ and the ‘KommuneKredit’;

(5)

in Germany, the ‘Kreditanstalt für Wiederaufbau’, ‘Landwirtschaftliche Rentenbank’, ‘Bremer Aufbau-Bank GmbH’, ‘Hamburgische Investitions- und Förderbank’, ‘Investitionsbank Berlin’, ‘Investitionsbank des Landes Brandenburg’, ‘Investitionsbank Schleswig-Holstein’, ‘Investitions- und Förderbank Niedersachsen – NBank’, ‘Investitions- und Strukturbank Rheinland-Pfalz’, ‘Landeskreditbank Baden-Württemberg – Förderbank’, ‘LfA Förderbank Bayern’, ‘NRW.BANK’, ‘Saarländische Investitionskreditbank AG’, ‘Sächsische Aufbaubank – Förderbank’, ‘Thüringer Aufbaubank’, undertakings which are recognised under the ‘Wohnungsgemeinnützigkeitsgesetz’ as bodies of State housing policy and are not mainly engaged in banking transactions, and undertakings recognised under that law as non-profit housing undertakings;

(6)

in Estonia, the ‘hoiu-laenuühistud’, as cooperative undertakings that are recognised under the ‘hoiu-laenuühistu seadus’;

(7)

in Ireland, the Strategic Banking Corporation of Ireland, credit unions and friendly societies;

(8)

in Greece, the ‘Ταμείο Παρακαταθηκών και Δανείων’ (Tamio Parakatathikon kai Danion);

(9)

in Spain, the ‘Instituto de Crédito Oficial’;

(10)

in France, the ‘Caisse des dépôts et consignations’;

(11)

in Croatia, the ‘kreditne unije’ and the ‘Hrvatska banka za obnovu i razvitak’;

(12)

in Italy, the ‘Cassa depositi e prestiti’;

(13)

in Latvia, the ‘krājaizdevu sabiedrības’, undertakings that are recognised under the ‘krājaizdevu sabiedrību likums’ as cooperative undertakings rendering financial services solely to their members;

(14)

in Lithuania, the ‘kredito unijos’ other than the ‘centrinės kredito unijos’;

(15)

in Hungary, the ‘MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság’ and the ‘Magyar Export-Import Bank Zártkörűen Működő Részvénytársaság’;

(16)

in Malta, ‘The Malta Development Bank’;

(17)

in the Netherlands, the ‘Nederlandse Investeringsbank voor Ontwikkelingslanden NV’, the ‘NV Noordelijke Ontwikkelingsmaatschappij’, the ‘NV Limburgs Instituut voor Ontwikkeling en Financiering’, the ‘Ontwikkelingsmaatschappij Oost-Nederland NV’ and kredietunies;

(18)

in Austria, undertakings recognised as housing associations in the public interest and the ‘Österreichische Kontrollbank AG’;

(19)

in Poland, the ‘Spółdzielcze Kasy Oszczędnościowo — Kredytowe’ and the ‘Bank Gospodarstwa Krajowego’;

(20)

in Portugal, the ‘Caixas Económicas’ existing on 1 January 1986 with the exception of those incorporated as limited companies and of the ‘Caixa Económica Montepio Geral’;

(21)

in Slovenia, the ‘SID-Slovenska izvozna in razvojna banka, d.d. Ljubljana’;

(22)

in Finland, the ‘Teollisen yhteistyön rahasto Oy/Fonden för industriellt samarbete AB’, and the ‘Finnvera Oyj/Finnvera Abp’;

(23)

in Sweden, the ‘Svenska Skeppshypotekskassan’;

(24)

in the United Kingdom, National Savings and Investments (NS&I), CDC Group plc, the Agricultural Mortgage Corporation Ltd, the Crown Agents for overseas governments and administrations, credit unions and municipal banks.

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6.

The entities referred to in points (3) to (24) of paragraph 5 of this Article shall be treated as financial institutions for the purposes of Article 34 and Title VII, Chapter 3.

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Article 3

Definitions

1.

For the purposes of this Directive, the following definitions shall apply:

(1)

'credit institution' means credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

(2)

'investment firm' means investment firm as defined in point (2) of Article 4(1) of Regulation (EU) No 575/2013;

(3)

'institution' means institution as defined in point (3) of Article 4(1) of Regulation (EU) No 575/2013;

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(5)

'insurance undertaking' means insurance undertaking as defined in point (5) of Article 4(1) of Regulation (EU) No 575/2013;

(6)

'reinsurance undertaking' means reinsurance undertaking as defined in point (6) of Article 4(1) of Regulation (EU) No 575/2013;

(7)

'management body' means an institution's body or bodies, which are appointed in accordance with national law, which are empowered to set the institution's strategy, objectives and overall direction, and which oversee and monitor management decision-making, and include the persons who effectively direct the business of the institution;

(8)

'management body in its supervisory function' means the management body acting in its role of overseeing and monitoring management decision-making;

(9)

'senior management' means those natural persons who exercise executive functions within an institution and who are responsible, and accountable to the management body, for the day-to-day management of the institution;

(10)

'systemic risk' means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

(11)

'model risk' means the potential loss an institution may incur, as a consequence of decisions that could be principally based on the output of internal models, due to errors in the development, implementation or use of such models;

(12)

'originator' means originator as defined in point (13) of Article 4(1) of Regulation (EU) No 575/2013;

(13)

'sponsor' means sponsor as defined in point (14) of Article 4(1) of Regulation (EU) No 575/2013;

(14)

'parent undertaking' means parent undertaking as defined in point (15) of Article 4(1) of Regulation (EU) No 575/2013;

(15)

'subsidiary' means subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013;

(16)

'branch' means branch as defined in point (17) of Article 4(1) of Regulation (EU) No 575/2013;

(17)

'ancillary services undertaking' means ancillary services undertaking as defined in point (18) of Article 4(1) of Regulation (EU) No 575/2013;

(18)

'asset management company' means asset management company as defined...