What changed, Directive 2006/48/EC

− ### art_1
− Article 1
− ### art_2
− Article 2
− | — | the central banks of Member States, |
− | — | post office giro institutions, |
− | — | in Belgium, the ‘Institut de Réescompte et de Garantie/Herdiscontering- en Waarborginstituut’, |
− | — | in Denmark, the ‘Dansk Eksportfinansieringsfond’, the ‘Danmarks Skibskreditfond’, the ‘Dansk Landbrugs Realkreditfond’, and the ‘KommuneKredit’, |
− | — | in Germany, the ‘Kreditanstalt für Wiederaufbau’, undertakings which are recognised under the ‘Wohnungsgemeinnützigkeitsgesetz’ as bodies of State housing policy and are not mainly engaged in banking transactions, and undertakings recognised under that law as non-profit housing undertakings, |
− | — | in Greece, the ‘Ταμείο Παρακαταθηκών και Δανείων’ (Tamio Parakatathikon kai Danion), |
− | — | in Spain, the ‘Instituto de Crédito Oficial’, |
− | — | in France, the ‘Caisse des dépôts et consignations’, |
− | — | in Ireland, credit unions and the friendly societies, |
− | — | in Italy, the ‘Cassa depositi e prestiti’, |
− | — | in Latvia, the ‘krājaizdevu sabiedrības’, undertakings that are recognised under the ‘krājaizdevu sabiedrību likums’ as cooperative undertakings rendering financial services solely to their members, |
− | — | in Lithuania, the ‘kredito unijos’ other than the ‘Centrinė kredito unija’, |
− | — | in Hungary, the ‘Magyar Fejlesztési Bank Rt.’ and the ‘Magyar Export-Import Bank Rt.’, |
− | — | in the Netherlands, the ‘Nederlandse Investeringsbank voor Ontwikkelingslanden NV’, the ‘NV Noordelijke Ontwikkelingsmaatschappij’, the ‘NV Industriebank Limburgs Instituut voor Ontwikkeling en Financiering’ and the ‘Overijsselse Ontwikkelingsmaatschappij NV’, |
− | — | in Austria, undertakings recognised as housing associations in the public interest and the ‘Österreichische Kontrollbank AG’, |
− | — | in Poland, the ‘Spółdzielcze Kasy Oszczędnościowo — Kreditowe’ and the ‘Bank Gospodarstwa Krajowego’, |
− | — | in Portugal, ‘Caixas Económicas’ existing on 1 January 1986 with the exception of those incorporated as limited companies and of the ‘Caixa Económica Montepio Geral’, |
− | — | in Finland, the ‘Teollisen yhteistyön rahasto Oy/Fonden för industriellt samarbete AB’, and the ‘Finnvera Oyj/Finnvera Abp’, |
− | — | in Sweden, the ‘Svenska Skeppshypotekskassan’, |
− | — | in the United Kingdom, the National Savings Bank, the Commonwealth Development Finance Company Ltd, the Agricultural Mortgage Corporation Ltd, the Scottish Agricultural Securities Corporation Ltd, the Crown Agents for overseas governments and administrations, credit unions and municipal banks.…
− ### art_3
− Article 3
− | (a) | the commitments of the central body and affiliated institutions are joint and several liabilities or the commitments of its affiliated institutions are entirely guaranteed by the central body; |
− | (b) | the solvency and liquidity of the central body and of all the affiliated institutions are monitored as a whole on the basis of consolidated accounts; and |
− | (c) | the management of the central body is empowered to issue instructions to the management of the affiliated institutions. |
− ### art_4
+ ## TITLE I / SUBJECT MATTER, SCOPE AND DEFINITIONS
+ ### Article 1
+ ### Article 2
+ — the central banks of Member States,
+ — post office giro institutions,
+ — in Belgium, the ‘Institut de Réescompte et de Garantie/Herdiscontering- en Waarborginstituut’,
+ — in Denmark, the ‘Dansk Eksportfinansieringsfond’, the ‘Danmarks Skibskredit A/S’ and the ‘KommuneKredit’,
+ — in Germany, the ‘Kreditanstalt für Wiederaufbau’, undertakings which are recognised under the ‘Wohnungsgemeinnützigkeitsgesetz’ as bodies of State housing policy and are not mainly engaged in banking transactions, and undertakings recognised under that law as non-profit housing undertakings,
+ — in Greece, the ‘Ταμείο Παρακαταθηκών και Δανείων’ (Tamio Parakatathikon kai Danion),
+ — in Spain, the ‘Instituto de Crédito Oficial’,
+ — in France, the ‘Caisse des dépôts et consignations’,
+ — in Ireland, credit unions and the friendly societies,
+ — in Italy, the ‘Cassa depositi e prestiti’,
+ — in Latvia, the ‘krājaizdevu sabiedrības’, undertakings that are recognised under the ‘krājaizdevu sabiedrību likums’ as cooperative undertakings rendering financial services solely to their members,
+ — in Lithuania, the ‘kredito unijos’ other than the ‘Centrinė kredito unija’,
+ — in Hungary, the ‘Magyar Fejlesztési Bank Rt.’ and the ‘Magyar Export-Import Bank Rt.’,
+ — in the Netherlands, the ‘Nederlandse Investeringsbank voor Ontwikkelingslanden NV’, the ‘NV Noordelijke Ontwikkelingsmaatschappij’, the ‘NV Industriebank Limburgs Instituut voor Ontwikkeling en Financiering’ and the ‘Overijsselse Ontwikkelingsmaatschappij NV’,
+ — in Austria, undertakings recognised as housing associations in the public interest and the ‘Österreichische Kontrollbank AG’,
+ — in Poland, the ‘Spółdzielcze Kasy Oszczędnościowo — Kreditowe’ and the ‘Bank Gospodarstwa Krajowego’,
+ — in Portugal, ‘Caixas Económicas’ existing on 1 January 1986 with the exception of those incorporated as limited companies and of the ‘Caixa Económica Montepio Geral’,
+ — in Finland, the ‘Teollisen yhteistyön rahasto Oy/Fonden för industriellt samarbete AB’, and the ‘Finnvera Oyj/Finnvera Abp’,
+ — in Sweden, the ‘Svenska Skeppshypotekskassan’,
+ — in the United Kingdom, the National Savings Bank, the Commonwealth Development Finance Company Ltd, the Agricultural Mortgage Corporation Ltd, the Scottish Agricultural Securities Corporation Ltd, the Crown Agents for overseas governments and administrations, credit unions and municipal banks.
+ ### Article 3
+ (a) the commitments of the central body and affiliated institutions are joint and several liabilities or the commitments of its affiliated institutions are entirely guaranteed by the central body;
+ (b) the solvency and liquidity of the central body and of all the affiliated institutions are monitored as a whole on the basis of consolidated accounts; and
+ (c) the management of the central body is empowered to issue instructions to the management of the affiliated institutions.
+ ### Article 4
+ (1) ‘credit institution’ means:
+ (a) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account; or