{
  "url": "https://openlegislation.uk/eu-decision-2012-118/annex/division-8/division-8.4",
  "json_url": "https://openlegislation.uk/eu-decision-2012-118/annex/division-8/division-8.4.json",
  "legislation": "eudn/2012/118",
  "legislation_title": "Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2012-118",
  "path": "annex/division/8/division/8.4",
  "kind": "division",
  "number": "8.4",
  "heading": "Restriction of the countries with new business activity",
  "text": "Germany will ensure that the PBB sub-group only concludes new business in the following countries:\n(i) Real estate finance:\n(a) Core markets: Germany, United Kingdom, France, Spain.\n(b) Further markets: Sweden, Poland, Czech Republic, Belgium, Netherlands, Luxembourg, Austria, Switzerland, Denmark, Finland, Norway, Slovakia, Hungary.\n(ii) Public investment finance:\n(a) Core markets: Germany, France, Spain, Italy.\n(b) Further markets: Switzerland, Austria, Poland, Hungary, Czech Republic, Slovakia, Sweden, Norway, Denmark, Finland, Belgium, Netherlands, Luxembourg, United Kingdom.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2012/118/annex/division/8/division/8.4",
    "retrieved_at": "2026-11-01T15:15:31.821595+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}