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 under which a CRR credit institution can be excluded from the statutory compensation scheme for failing to meet its obligations. It also details the administrative procedures and sanctions that can be imposed for non-compliance.
Metadata
- Subject
- Exclusion from the statutory compensation scheme and administrative procedures
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0080418
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| CRR credit institution | regulatory | BaFin | CRR credit institutions must notify BaFin of circumstances that increase compensation event risk. |
| CRR credit institution | financial | statutory compensation scheme | CRR credit institutions must comply with obligations to the statutory compensation scheme. |
| statutory compensation scheme | regulatory | Deutsche Bundesbank | The statutory compensation scheme must notify BaFin and the Deutsche Bundesbank if a CRR credit institution does not comply with its obligations. |
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.
Red Flags 1
- Potential for CRR credit institutions to be excluded from the statutory compensation scheme due to non-compliance.
Financial Information
Amounts:E50,000€100,000
Legal Compliance
- Non-compliance with obligations to pay contributions, make payments, or cooperate with the statutory compensation scheme.
- Failure to notify depositors about 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, legalistic
- Purpose
- To outline the conditions for exclusion from the statutory compensation scheme and the administrative procedures involved.
- Significance
- This document details the legal framework for ensuring compliance with financial regulations and protecting depositors.
File Info
- File Name
- EFTA01381443.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:02.483630
- DOJ Source
- View on DOJ