The document outlines the procedures and consequences for CRR credit institutions regarding compliance with statutory compensation schemes. It details the notification process to BaFin and Deutsche Bundesbank if obligations are not met, the exclusion process from the compensation scheme, and the sanctions that can be imposed for non-compliance. It also covers the recognition of institutional protection schemes as deposit guarantee schemes by BaFin.
doj/DataSet10/EFTA01372629.pdf
{"document_type":"legal","document_subtype":"legal statute","key_organizations":["BaFin","Deutsche Bundesbank"]}