EFTA Document EFTA01381436

(1) A compensation event within the meaning of this Act occurs if BaFin determines that 1. a CRR credit institution is unable for the time being, for reasons that are directly related to its financial circumstances, to repay deposits that are due and 2. the CRR credit institution has no current prospect of being able to do so. (2) BaFin shall determine that a compensation event has occurred without undue delay, but in any event no later than five working days after becoming aware that a C