OBS_VALUE: Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, article 47The conditions for the authorisation of a foreign credit institution cannot give rise to a more favourable treatment than the one from which benefit the remaining credit institutions.  According to article 32 of the Financial Sector Act, there is a non discriminatory treatment of foreign branches entering the Luxembourgese market. 