(5)It is important to ensure the safety of deposits and to enhance factual certainty and reliability of the financial information provided by the credit institution to the competent authorities. It is therefore necessary that credit institution, when submitting a communication about the planned termination of a branch, notifies the competent authority of the measures that have been or that are being undertaken to ensure that the branch will no longer hold deposits or other repayable funds from the public after the termination of operation of that branch.