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Article 40

Article 40

1.The prudential supervision of a credit institution, including that of the activities it carries on accordance with Articles 23 and 24, shall be the responsibility of the competent authorities of the home Member State, without prejudice to those provisions of this Directive which give responsibility to the competent authorities of the host Member State.

2.Paragraph 1 shall not prevent supervision on a consolidated basis pursuant to this Directive.

Official text · consolidated version 25/12/2007 (no longer in force) Open full page ↗
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