Article 2 — Transitional provisions

1. Member States shall ensure that branches of credit institutions that have their head office outside the Union and take eligible deposits in a Member State on 11 May 2028, and that are not members of a DGS on that date, join a DGS in operation within their territories by 11 August 2028. Article 1, point (16) shall not apply to those branches until 11 August 2028. 2. By way of derogation from Article 11(3) of Directive 2014/49/EU, as amended by this Directive, and Articles 11a, 11b, 11c and, to the extent that it refers to Article 11(3), Article 11e of that Directive as regards preventive measures, Member States may until 31 December 2032, allow IPSs referred to in Article 1(2), point (c), of Directive 2014/49/EU to comply with the national provisions implementing Article 11(3) of that Directive as applicable on 10 May 2026.