Changes from adopted text to adopted text

Removed‘8. Member States shall ensure that where a depositor uses internet banking, credit institutions provide the information they have to provide to their depositors under this Directive by electronic means unless a depositor requests to receive that information on paper.’;

Removed(i) the following paragraph 9 is added:

Removed‘9. The EBA shall develop draft implementing technical standards to specify:

Removed(a) the content and the format of the information sheet, referred to in paragraph 1a;

Removed(b) the procedure to be followed for the provision of, and the content of, the information to be provided in the communications from designated authorities, DGSs or credit institutions to depositors, in the situations referred to in Articles 8b and 8c and in paragraphs 6, 7 and 7a of this Article.

RemovedThe EBA shall submit those draft implementing technical standards to the Commission by … [OP - please insert date = 12 months after the date of entry into force of this Directive].

RemovedPower is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1093/2010.’;

Removed(18) the following Article 16a is inserted:

Removed‘Article 16a

RemovedInformation exchange between credit institutions and DGS, and reporting by authorities

Removed1. Member States shall ensure that DGSs receive at least annually and at any time ▌upon request, ▌from their affiliated credit institutions all information necessary to prepare for a repayment of depositors, in accordance with the identification requirement laid down in Article 5(4), including the information for the purposes of Article 8(5) and Articles 8b and 8c.

Removed2. Member States shall ensure that credit institutions provide at least annually and at any time upon request ▌the DGS of which they are a member information about:

Removed(a) depositors at branches of those credit institutions;

Removed(b) depositors who are recipients of services provided by member institutions on the basis of the freedom to provide services.

RemovedThe information referred to in points (a) and (b) shall indicate the Member States in which those branches or depositors are located.

Removed3. Member States shall ensure that, by 31 March each year, DGSs inform the EBA of the amount of covered deposits in their Member State on 31 December of the preceding year. By the same date, DGSs shall also report to the EBA the amount of their available financial means, including the share of borrowed resources, payment commitments and the timeline for reaching the target level following a disbursement of DGS’s funds referred to in Article 10(2).

Removed4. Member States shall ensure that the designated authorities notify the EBA and the SRB, without undue delay, about all of the following:

Removed(a) the determination of unavailable deposits pursuant to circumstances referred to in Article 2(1), point (8);

Removed(b) whether any of the measures referred to in Article 11(2), (3) and (5) have been applied and the amount of funds used in accordance with Article 8(1) and Article 11(2), (3) and (5), and, where applicable and once available, the amount of funds recovered, the resulting cost for the DGS and the duration of the recovery process;

Removed(c) the availability and the use of alternative funding arrangements as referred to in Article 10(3);

Removed(d) any DGSs that have ceased to operate or the establishment of any new DGS, including as a result of a merger or of the fact that a DGS started operating on a cross-border basis.

RemovedThe notification referred to in the first subparagraph shall contain a summary describing all of the following:

Removed(a) the initial situation of the credit institution;

Removed(b) the measures for which the DGS funds have been used, including the specific instruments that have been used for the measures referred to in Article 11(2), (3) and (5);

Removed(c) the expected amount of available financial means used.

Removed5. The EBA shall publish the information received in accordance with paragraphs 2 and 3 and the summary referred to in paragraph 4 without undue delay.

Removed6. Member States shall ensure that the resolution authorities of the credit institutions which are a member of a DGSs provide that DGS annually with the summary of the key elements of the resolution plans as referred to in Article 10(7), point (a), of Directive 2014/59/EU ▌.

Removed7. The EBA shall develop draft implementing technical standards to specify the procedures to be followed when providing the information referred to in paragraphs 1 to 4, the templates for providing that information, and to further specify the content of that information, taking into account the types of depositors.

RemovedThe EBA shall submit those draft implementing technical standards to the Commission by …. [OP - please insert the date = 12 months after the date of entry into force of this Directive].

RemovedPower is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1093/2010.’;

Removed(19) Annex I is deleted.

RemovedArticle 2

RemovedTransitional provisions

Removed1. Member States shall ensure that branches of credit institutions that have their head office outside the Union and take eligible deposits in a Member State on … [OP please insert the date = date of entry into force], and that are not members of a DGS on that date, join a DGS in operation within their territories by [OP please insert the date = 3 months after entry into force]. Article 1(15) shall not apply to those branches until [OP please insert the date = 3 months after entry into force].

Removed2. By way of derogation from Article 11(3) of Directive 2014/49/EU, as amended by this Directive, and Articles 11a, 11b, 11c and 11e in relation to preventive measures, until [OP – please insert the date = 36 months after the date of entry into force of this Directive], Member States may allow IPS referred to in Article 1(1), point (c), to comply with the national provisions implementing Article 11(3) of Directive 2014/49/EU as applicable on [OP – please insert the date of entry into force of this Directive].

RemovedArticle 3

RemovedTransposition

Removed1. Member States shall adopt and publish, by … [OP – please insert the date = 24 months after the date of entry into force of this Directive] at the latest, the laws, regulations and administrative provisions necessary to comply with this Directive. They shall forthwith communicate to the Commission the text of those provisions.

RemovedThey shall apply those provisions from … [OP – please insert the date = 24 months after the date of entry into force of this Directive]. However, they shall apply the provisions necessary to comply with Article 11(3), as amended by this Directive, and Articles 11a, 11b, 11c and 11e in relation to preventive measures from … [PO – please insert the date = 36 months after the date of entry into force of this Directive].

RemovedWhen Member States adopt those provisions, they shall contain a reference to this Directive or be accompanied by such a reference on the occasion of their official publication. Member States shall determine how such reference is to be made.

Removed2. Member States shall communicate to the Commission the text of the main provisions of national law which they adopt in the field covered by this Directive.

RemovedArticle 4

RemovedEntry into force

RemovedThis Directive shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

RemovedArticle 5

RemovedAddressees

RemovedThis Directive is addressed to the Member States.

RemovedDone at …,

RemovedFor the European Parliament For the Council

RemovedThe President The President