By-laws of the Deposit Protection Fund
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meaning <strong>of</strong> Section 53 (2) No. 2 <strong>of</strong> <strong>the</strong> German Banking Act or, in <strong>the</strong> absence <strong>of</strong> a<br />
requirement to prepare such a statement, in <strong>the</strong> monthly balance sheet statistics<br />
pursuant to Section 18 <strong>of</strong> <strong>the</strong> German Bundesbank Act (Bundesbankgesetz). If <strong>the</strong><br />
foreign bank participates in a deposit guarantee scheme in its home state, <strong>the</strong><br />
portion <strong>of</strong> deposits which does not exceed <strong>the</strong> protection ceiling <strong>of</strong> <strong>the</strong> homestate<br />
deposit guarantee scheme shall be deducted. Branches shall be obliged to<br />
document <strong>the</strong> amount <strong>of</strong> deposits covered by sentence 1 and sentence 2 and to<br />
furnish pro<strong>of</strong> <strong>of</strong> this to <strong>the</strong> Banking Association. On request, <strong>the</strong> branch shall<br />
furnish evidence <strong>of</strong> an auditor’s confirmation satisfying <strong>the</strong> requirements <strong>of</strong><br />
German Auditing Standard IDW 490 that <strong>the</strong> information is accurate.<br />
Section 8 – <strong>Protection</strong> <strong>of</strong> deposits (Section 6 (1) <strong>of</strong> <strong>the</strong> <strong>By</strong><strong>laws</strong><br />
<strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> <strong>Fund</strong>)<br />
<strong>Deposit</strong>s at branches <strong>of</strong> foreign banks shall be protected under <strong>the</strong> conditions set<br />
out in Section 6 <strong>of</strong> <strong>the</strong> <strong>By</strong>-<strong>laws</strong> <strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> <strong>Fund</strong> only in so far as<br />
<strong>the</strong>y are included by <strong>the</strong> branch in <strong>the</strong> statement <strong>of</strong> assets and liabilities within <strong>the</strong><br />
meaning <strong>of</strong> Section 53 (2) No. 2 <strong>of</strong> <strong>the</strong> German Banking Act or would have to be<br />
included if such a statement had to be prepared.<br />
Section 9 – <strong>Protection</strong> ceiling (Section 6 (8) <strong>of</strong> <strong>the</strong> <strong>By</strong>-<strong>laws</strong><br />
<strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> <strong>Fund</strong>)<br />
For branches <strong>of</strong> foreign banks within <strong>the</strong> meaning <strong>of</strong> Section 53 (1) <strong>of</strong> <strong>the</strong> German<br />
Banking Act, <strong>the</strong> protection ceiling pursuant to Section 6 (8) (a) <strong>of</strong> <strong>the</strong> <strong>By</strong>-<strong>laws</strong> <strong>of</strong> <strong>the</strong><br />
<strong>Deposit</strong> <strong>Protection</strong> <strong>Fund</strong> shall be set on <strong>the</strong> basis <strong>of</strong> <strong>the</strong> relevant own funds within<br />
<strong>the</strong> meaning <strong>of</strong> Article 72 <strong>of</strong> <strong>the</strong> CRR at <strong>the</strong> time <strong>of</strong> <strong>the</strong> most recent published<br />
annual financial statements <strong>of</strong> <strong>the</strong> branch. Section 53 (2) No. 4 <strong>of</strong> <strong>the</strong> German<br />
Banking Act shall not apply.<br />
<strong>By</strong>-<strong>laws</strong> Annex to Section 2a (1)<br />
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