EBU Single Rulebook Q&A 30 September 2015 2015_2359 Entity in resolution and purchaser not registered in the same Member State

Article 38 (7) of Directive 2014/59/EU (BRRD) says that a purchaser will have the appropriate authorisation to carry out the business it acquires. In case the entity in resolution and the purchaser are not registered in the same Member State, which authority is competent to give this authorisation: the authority in the member state of the entity in resolution, or the authority in the member state