By-laws of the Deposit Protection Fund
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Annex to Section 2a (1) <strong>of</strong> <strong>the</strong> <strong>By</strong>-<strong>laws</strong> <strong>of</strong> <strong>the</strong> <strong>Deposit</strong><br />
<strong>Protection</strong> <strong>Fund</strong><br />
Supplementary arrangements for <strong>the</strong> participation in<br />
Germany <strong>of</strong> branches <strong>of</strong> foreign banks in <strong>the</strong> <strong>Deposit</strong><br />
<strong>Protection</strong> <strong>Fund</strong><br />
For participating German branches <strong>of</strong> foreign banks within <strong>the</strong> meaning <strong>of</strong> Section<br />
53 (1) or Section 53b (1) <strong>of</strong> <strong>the</strong> German Banking Act, <strong>the</strong> following supplementary<br />
arrangements shall apply.<br />
Section 1 – Treatment <strong>of</strong> branches <strong>of</strong> foreign banks within<br />
<strong>the</strong> meaning <strong>of</strong> Section 53 (1) <strong>of</strong> <strong>the</strong> German Banking Act<br />
Subject to <strong>the</strong> o<strong>the</strong>r requirements and clarifications in <strong>the</strong> <strong>By</strong>-<strong>laws</strong> and in this annex,<br />
German branches <strong>of</strong> foreign banks will receive <strong>the</strong> same treatment with respect to<br />
participation in <strong>the</strong> <strong>Fund</strong> as if <strong>the</strong>y were independent banks.<br />
Where German branches <strong>of</strong> banks from third countries are, by virtue <strong>of</strong> a statutory<br />
order issued by <strong>the</strong> responsible German authorities pursuant to Section 53c <strong>of</strong> <strong>the</strong><br />
German Banking Act, treated wholly or partially as equivalent to German branches<br />
pursuant to Section 53b (1) <strong>of</strong> <strong>the</strong> German Banking Act, <strong>the</strong> following special<br />
arrangements for German branches pursuant to Section 53b (1) <strong>of</strong> <strong>the</strong> German<br />
Banking Act may also be applied wholly or partially to <strong>the</strong>se German branches at<br />
<strong>the</strong> discretion <strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> Committee.<br />
50<br />
<strong>By</strong>-<strong>laws</strong> Annex to Section 2a (1)
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