By-laws of the Deposit Protection Fund
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Annex to Section 4b <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 />
Rules for <strong>the</strong> deposit rating procedure<br />
(1) The deposit rating shall be carried out by <strong>the</strong> Auditing Association, one <strong>of</strong><br />
its subsidiaries, or a third-party commissioned by <strong>the</strong> Auditing Association.<br />
The Auditing Association and/or its subsidiary shall also have <strong>the</strong> right to<br />
commission auditors or accountancy firms to perform support services for<br />
<strong>the</strong> deposit rating procedure for foreign banks if it appears useful to do so in<br />
view <strong>of</strong> <strong>the</strong> accounting rules or o<strong>the</strong>r legal requirements in <strong>the</strong> home state in<br />
question.<br />
(2) The deposit rating result shall be disclosed only to<br />
(a) <strong>the</strong> management <strong>of</strong> <strong>the</strong> bank concerned<br />
(b) <strong>the</strong> Board <strong>of</strong> Management <strong>of</strong> <strong>the</strong> Auditing Association and<br />
(c) <strong>the</strong> Head <strong>of</strong> <strong>Deposit</strong> <strong>Protection</strong>, <strong>the</strong> management <strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong><br />
<strong>Fund</strong> and <strong>the</strong> member <strong>of</strong> <strong>the</strong> Senior Management <strong>of</strong> <strong>the</strong> Banking Association<br />
with responsibility for deposit protection and, where necessary for <strong>the</strong><br />
purposes <strong>of</strong> calculating <strong>the</strong> annual contribution or a special contribution,<br />
additional staff from <strong>the</strong> Banking Association.<br />
The deposit rating result shall be treated in <strong>the</strong> strictest confidence by all<br />
concerned. In particular, <strong>the</strong> affected banks shall not make it public ei<strong>the</strong>r in<br />
<strong>the</strong> course <strong>of</strong> doing business or in advertising. The Auditing Association and<br />
<strong>the</strong> Banking Association shall have <strong>the</strong> right to share <strong>the</strong> results <strong>of</strong> <strong>the</strong> deposit<br />
rating pursuant to Section 11 (3) <strong>of</strong> <strong>the</strong>se <strong>By</strong>-<strong>laws</strong>. The Auditing Association, its<br />
subsidiaries and/or a third party commissioned in accordance with subsection<br />
(1) <strong>of</strong> this annex shall have <strong>the</strong> right to make <strong>the</strong> results <strong>of</strong> <strong>the</strong> deposit rating<br />
available to <strong>the</strong>ir competent supervisory authority.<br />
64 Annex to Section 4b
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