Cooperation in the supervision of significant branches

(1) The Federal Institute classifies the branch of a CRR credit institution in a host Member State or a state of the European Economic Area as significant, at the request of the competent authority, in particular where the branch meets the requirements of section 53b(8), fourth sentence; in this case the Federal Institute transmits to the competent authority
1. the information under section 8(3), sixth sentence, points 3 and 4, and section 11(3),
2. the results of the risk assessments of the CRR credit institution, and
3. the decisions on the initial or continued use of internal approaches and on measures under section 6(3), insofar as they affect the significant branch. The Federal Institute plans and coordinates the supervisory activities within the meaning of section 8a(1), point 2, in cooperation with the competent authorities within the meaning of the first sentence.
(2) The Federal Institute hears the competent authorities within the meaning of subsection (1), first sentence, on decisions regarding the institution's own liquidity recovery plan, where this is relevant to liquidity risks connected with the currency of the host Member State or of the state of the European Economic Area. Where the Federal Institute fails to do so, or maintains its view, the competent authority may request assistance from the European Banking Authority under Article 19 of Regulation (EU) No 1093/2010.
(3) Where the Federal Institute receives information and findings from the competent authority within the meaning of subsection (1), first sentence, the Federal Institute must take these into account in its examination planning; in doing so it must have regard to the stability of the financial system of the host Member State or of the state of the European Economic Area.