Standardised and regular information disclosure enhances awareness among depositors of deposit protection. To align disclosure requirements with technological developments, those requirements should take into account the new digital communication channels whereby credit institutions interact with depositors. Depositors should obtain clear and homogenous information that explains deposit protection while limiting the related administrative burden for credit institutions or DGSs. EBA should develop draft implementing technical standards to specify the content and format of the depositor information sheet to be communicated to depositors and the template information that DGSs, designated authorities or credit institutions are required to communicate to depositors in specific situations, including mergers of credit institutions, determinations that deposits are unavailable, or the repayment of client funds deposits.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
