{
  "url": "https://openlegislation.uk/eu-decision-2019-23/article-5",
  "json_url": "https://openlegislation.uk/eu-decision-2019-23/article-5.json",
  "legislation": "eudn/2019/23",
  "legislation_title": "Decision (EU) 2019/1376 of the European Central Bank of 23 July 2019 on delegation of the power to adopt decisions on passporting, acquisition of qualifying holdings and withdrawal of authorisations of credit institutions (ECB/2019/23)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2019-23",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Criteria for the adoption of delegated withdrawal decisions",
  "text": "1. Withdrawal decisions may be taken by means of a delegated decision if all of the following criteria are met:\n(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;\n(b) no deposits from the public remain with the supervised entity after the withdrawal has become effective;\n(c) the withdrawal is linked to a reorganisation within a group.\n2. 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.",
  "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/2019/23/article/5",
    "retrieved_at": "2026-11-01T15:12:52.655671+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."
}