Examples of home Member State in a sentence
In the event of a change to the information set out in the documents submitted in accordance with paragraph 3 or paragraph 4, as applicable, the CSD shall give written notice of the change to the competent authority of the home Member State at least one month before implementing the change.
Based on the above, when the crowdfunding platforms provide payment services under the revised PSD and are not licensed as credit institutions or e-money institutions and do not fall under one of the exclusions, they will have to obtain the relevant authorisation as payment institutions from the national competent authority of their home Member State.
Where, despite measures taken by the competent authority of the home Member State, the CSD persists in acting in breach of the obligations arising from the provisions of this Regulation, the competent authority of the host Member State shall, after informing the competent authority of the home Member State, take all the appropriate measures needed in order to ensure compliance with the provisions of this Regulation within the territory of the host Member State.
The home Member State shall require everyreinsurance undertaking for which authorisation is sought ⌫ under Article 14 ⌧ to adopt one of the forms set out in Annex IIII.
Where the competent authority of the host Member State has clear and demonstrable grounds for believing that a CSD providing services within its territory in accordance with Article 23 is in breach of the obligations arising from the provisions of this Regulation, it shall inform the competent authority of the home Member State, ESMA and the college referred to in Article 24a of those findings.