Examination of CRR credit institutions

(1) The statutory compensation scheme must, to assess the risk of a compensation event occurring and to review compliance with the obligations under section 7(8), conduct regular examinations of the CRR credit institutions allocated to it, and examinations where there is cause to do so. It must align the intensity and frequency of the examinations with the probability of a compensation event occurring at a CRR credit institution and with the amount of total compensation to be expected in that event.
(2) The compensation scheme may, at an undertaking that has submitted a licence application under section 32(1), fifth sentence of the Banking Act to BaFin and that will be allocated to it if a licence is granted, conduct examinations to assess the risk of a compensation event occurring in the event a licence is granted.
(3) An objection and an action for annulment against the examination order have no suspensive effect.