Legal provisions of COM(1998)461-2 - Amendment of Directive 77/780/EEC on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions - Main contents
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| dossier | COM(1998)461-2 - Amendment of Directive 77/780/EEC on the co-ordination of laws, regulations and administrative provisions relating to the ... |
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| document | COM(1998)461  |
| date | September 18, 2000 |
Article 1
1. Article 1, point 1, first subparagraph shall be replaced by the following text:
"1. Credit institution shall mean:
(a) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account; or
(b) an electronic money institution within the meaning of Directive 2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up, pursuit and prudential supervision of the business of electronic money institutions(7)."
2. The following Article shall be added to Title V:
"Article 33a
Article 3 of Directive 2000/46/EC shall apply to credit institutions."Article 2
When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such a reference shall be laid down by the Member States.
2. Member States shall communicate to the Commission the text of the main provisions of national law which they adopt in the field covered by this Directive.
Article 3
Article 4