(1) (repealed)
(2) (repealed)
(3) (repealed)
(4) (repealed)
(5) (repealed)
(6) (repealed)
(7) (repealed)
(8) (repealed)
(9) (repealed)
(10) (repealed)
(11) (repealed)
(12) (repealed)
(13) Section 25c(2), as in force from 1 January 2014, does not apply, subject to the second sentence, to mandates as manager and to mandates in administrative and supervisory bodies that the manager already held on 31 December 2013. For significant institutions within the meaning of section 1(3c), section 25c(2) applies from 1 July 2014.
(14) Section 25d(3), as in force from 1 January 2014, does not apply, subject to the second sentence, to mandates as manager and to mandates in administrative and supervisory bodies that the member of the administrative or supervisory body already held on 31 December 2013. For significant institutions within the meaning of section 1(3c), section 25d(3) applies from 1 July 2014.
(15) (repealed)
(16) Section 53b(4), (5), and (8), as in force from 1 January 2014, applies from 1 January 2015, or, where a legal act under Article 151(2) of Directive 2013/36/EU is adopted, from the expiry of the period specified therein. Until 31 December 2014, or the expiry of the period specified in the aforementioned legal act, section 53b(4), (5), and (8), as in force until 31 December 2013, continues to apply.
(17) For the purposes of applying the transitional provisions of Article 484(5) of Regulation (EU) No 575/2013, the provisions of the Surcharge Regulation, in the consolidated version published in the Federal Law Gazette Part III, classification number 7610-2-6, as amended by Article 2 of the Regulation of 20 December 1984 (Federal Law Gazette I, p. 1727) and repealed by Article 7(1) of the Act of 28 August 2013 (Federal Law Gazette I, p. 3395), continue to apply until 31 December 2021.
(18) For credit institutions with an exclusive authorisation to carry on the activity of a central counterparty under section 1(1), second sentence, point 12, the provisions of this Act and of the statutory instruments issued under this Act, each as in force until 31 December 2013, continue to apply until the decision on the grant of authorisation under Article 17 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).
(19) Housing undertakings with a savings facility that held authorisation to conduct banking business under section 32(1) on 31 December 2013 may, by way of derogation from section 51c(5), hold initial capital lower than the equivalent of EUR 5 million. In that case, the initial capital may not fall below the amount held on 31 December 2013.
Sections 64s to 64u
(repealed)