There has been published in the Official Journal of the European Union (OJ) the Commission Implementing Regulation (EU) 2017/461 of 16 March 2017 laying down implementing technical standards with regard to common procedures, forms and templates for the consultation process referred to in Article 24 of the Capital Requirements Directive IV (CRD IV) between:
- the competent authority of an existing credit institution in which a qualifying holding is proposed to be acquired or increased or which is responsible for providing the authorisation to commence the activity of a credit institution; and
- the relevant competent authority of the proposed acquirer, shareholder or member, where such proposed acquirer, shareholder or member falls under one of the categories referred to in points (a), (b) and (c) of Article 24(1) of the CRD IV.
The Implementing Regulation will enter into force on 6 April 2017.