(61)The Member States can, furthermore, refuse or withdraw banking authorisation in the case of certain group structures considered inappropriate for carrying on banking activities, in particular because such structures could not be supervised effectively. In this respect the competent authorities have the powers mentioned in the first subparagraph of Article 7(1), Article 7(2), point (c) of Article 14(l), and Article 16 of this Directive, in order to ensure the sound and prudent management of credit institutions.
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New version applies from 29/03/2006 — introduced by Commission Directive 2006/29/EC.
74 provisions change.
Later versions: 20/07/2006.
Recital 61 changes in this version: compare with the current text.