Committee Reports::Report No. 09 - Proposal for a Second Banking Directive::26 January, 1989::Appendix


Article 22

1.Subject to paragraph 2, Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive on the later of the two dates laid down for the adoption of measures to comply with the Council Directives on the harmonization of own funds and solvency ratios of credit institutions and at the latest by 1 January 1993. They shall forthwith inform the Commission thereof.

2.Member States shall adopt the measures necessary to comply with the provisions laid down in Article 5(2) of this Directive by 1 January 1990.

3.Member States shall communicate to the Commission the texts of the main laws, regulations and administrative provisions which they adopt in the field covered by this Directive.