Article 49

Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 1 > Section I > Article 49
Article 49
Competence of the competent authorities of the home and host Member States
Main content: 

1.    The prudential supervision of an institution, including that of the activities it carries out in accordance with Articles 33 and 34, shall be the responsibility of the competent authorities of the  home  Member State, without prejudice to those provisions  of  this  Directive  which give responsibility to the competent authorities of the  host  Member State.

2.    Paragraph 1 shall not prevent supervision on a consolidated basis.

3.    Measures taken by the host Member State shall not allow discrimi­ natory or restrictive treatment on the basis that an institution is auth­ orised in another Member State.