{
  "url": "https://openlegislation.uk/eu-directive-2013-36/article-18",
  "json_url": "https://openlegislation.uk/eu-directive-2013-36/article-18.json",
  "legislation": "eudr/2013/36",
  "legislation_title": "Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2013-36",
  "path": "article/18",
  "kind": "article",
  "number": "18",
  "heading": "Withdrawal of authorisation",
  "text": "The competent authorities may only withdraw the authorisation granted to a credit institution where such a credit institution:\n(a) does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased to engage in business for more than six months, unless the Member State concerned has made provision for the authorisation to lapse in such cases;\n(b) has obtained the authorisation through false statements or any other irregular means;\n(c) no longer fulfils the conditions under which authorisation was granted;\n(d) no longer meets the prudential requirements set out in Part Three, Four or Six, except for the requirements laid down in Articles 92a and 92b of Regulation (EU) No 575/2013 or imposed under point (a) of Article 104(1) or Article 105 of this Directive or can no longer be relied on to fulfil its obligations towards its creditors, and, in particular, no longer provides security for the assets entrusted to it by its depositors;\n(e) falls within one of the other cases where national law provides for withdrawal of authorisation; or\n(f) commits one of the breaches referred to in Article 67(1).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2013/36/article/18",
    "retrieved_at": "2026-11-01T15:21:52.621750+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."
}