# Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions, Article 11: Consultation of competent authorities before voluntary winding up

Extent: E+W+S+N.I.

1. The competent authorities of the home Member State shall be consulted in the most appropriate form before any voluntary winding-up decision is taken by the governing bodies of a credit institution.
2. The voluntary winding up of a credit institution shall not preclude the adoption of a reorganisation measure or the opening of winding-up proceedings.

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Source: https://www.legislation.gov.uk/eudr/2001/24/article/11 (the official version)
Page: https://openlegislation.uk/eu-directive-2001-24/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.