To enhance the harmonised protection of depositors and to specify responsibilities in cross-border situations across the Union, the DGS of the home Member State should ensure the payout to depositors located in Member States where the credit institutions that are its member take deposits and accept other repayable funds by offering deposit services on a cross-border basis without being established in the host Member State. To facilitate the payout operations by the provision of information to depositors and the collection and forwarding of relevant documents, the DGS of the host Member State should be allowed to operate as a point of contact for depositors at credit institutions that exercise the freedom to provide services.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
