Article 3

Deposit Guarantee Schemes Directive (DGSD) > Article 3
Article 3
Relevant administrative authorities
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1. Member States shall identify the relevant administrative authority in their Member State for the purpose of point (8)(a) of Article 2(1).
2. Competent authorities, designated authorities, resolution authorities and relevant administrative authorities shall cooperate with each other and exercise their powers in accordance with this Directive.
The relevant administrative authority shall make the determination referred to in point (8)(a) of Article 2(1) as soon as possible and in any event no later than five working days after first becoming satisfied that a credit institution has failed to repay deposits which are due and payable.