(11)The competent authorities should not authorise or continue the authorisation of a credit institution where they are liable to be prevented from effectively exercising their supervisory functions by the close links between that institution and other natural or legal persons. Credit institutions already authorised should also satisfy the competent authorities in that respect.
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New version applies from 09/12/2011 — introduced by Directive 2011/89/EU.
106 provisions change.
Later versions: 01/07/2013, 01/01/2014.
Recital 11 changes in this version: compare with the current text.