Credit institutions may change affiliation to a DGS or some of their activities may be transferred and thus become subject to another DGS. Directive 2014/49/EU requires that the contributions of a credit institution paid during the 12 months preceding a change of DGS membership, or transfer of activities, are transferred from the DGS of origin to the other DGS in proportion to the amount of covered deposits transferred. To ensure that the transfer of contributions to the receiving DGS is not dependent on divergent national rules regarding invoicing or on the actual date of payment of contributions, the DGS of origin should calculate the amount to be transferred on the basis of contributions due rather than contributions paid.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
