Article 5 Criteria for the adoption of delegated withdrawal decisions
United Kingdom
1.
Withdrawal decisions may be taken by means of a delegated decision if all of the following criteria are met:
(a)
the decision is made on request of the supervised entity or due to a merger, which results in the supervised entity ceasing to exist;
(b)
no deposits from the public remain with the supervised entity after the withdrawal has become effective;
(c)
the withdrawal is linked to a reorganisation within a group.
2.
The assessment of withdrawal of authorisations shall be carried out in accordance with Article 18 of Directive 2013/36/EU as transposed into national law, also taking into consideration any applicable ECB guides or similar acts as may be issued by the ECB.