Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This legal document outlines the conditions for excluding CRR credit institutions from the statutory compensation scheme due to non-compliance with obligations, and the requirements for recognizing institutional protection schemes as deposit guarantee schemes. It also specifies the legal consequences of exclusion and the sanctions for non-compliance with administrative acts.
Metadata
- Subject
- Exclusion from the statutory compensation scheme and administrative procedures
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0066399, SDNY_GM_00212583
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| CRR credit institution | Regulatory | BaFin | CRR credit institutions must notify BaFin of circumstances that increase the risk of a compensation event. |
| CRR credit institution | Regulatory | Deutsche Bundesbank | The statutory compensation scheme notifies both BaFin and the Deutsche Bundesbank if a CRR credit institution does not comply with its obligations. |
| institutional protection scheme | Regulatory | BaFin | An institutional protection scheme can be recognized by BaFin as a deposit guarantee scheme. |
Notable Quotes 2
If a CRR credit institution does not comply with its obligations to pay contributions, make payments, or cooperate in accordance with section 7 (8). sections 26, 27, 35. 36, 38 and 39, or does not comply with them correctly, in full or in good time, the statutory compensation scheme to which the CRR credit institution is assigned shall notify BaFin and the Deutsche Bundesbank.
The statutory compensation scheme shall continue to fully cover deposits that have been received up to the date of the exclusion of the CRR credit institution under subsection (2) sentence 3 above, as provided for under this Act.
Financial Information
Amounts:E50,000€100,000
Legal Compliance
- Non-compliance with obligations to pay contributions, make payments, or cooperate can lead to exclusion from the statutory compensation scheme.
Raw Analysis JSON
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Themes
Legal matters/litigationFinancial transactions/money flow
Organizations 4
BaFinCRR credit institutionDeutsche BundesbankRegulation (EU) No 575/2013
Text Analysis
- Tone
- Formal
- Purpose
- To outline the conditions for exclusion from the statutory compensation scheme for CRR credit institutions and the requirements for recognizing institutional protection schemes as deposit guarantee schemes.
- Significance
- This document details the legal and regulatory framework governing the statutory compensation scheme and institutional protection schemes for CRR credit institutions, including the consequences of non-compliance.
File Info
- File Name
- EFTA01372629.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:32.768090
- DOJ Source
- View on DOJ