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Division SECTION 2 Reserve requirements in the case of mergers involving credit institutions

United Kingdom

Original text. Later amendments are not shown.

  1. 2.1Division 2.1
  2. 2.2Division 2.2
  3. 2.3Division 2.3
  4. 2.4Without prejudice to the obligations set out in the previous paragraphs, the relevant NCB may authorise the acquiring institution to fulfil its obligation to report statistical information through temporary procedures, for instance separate forms for each of the merging institutions during several periods after the merger has taken place. The length of this derogation from normal reporting procedures should be limited to the extent possible and should not exceed six months after the merger has taken place. This derogation is without prejudice to the obligation for the acquiring institution to fulfil its reporting obligations in accordance with this Regulation and, if applicable, its obligation to assume the reporting obligations of merging institutions in accordance with this Annex.