The Member States should be able to 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 should have the necessary powers to ensure the sound and prudent management of credit institutions.
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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 60 changes in this version: compare with the current text.