◷
New version applies from 28/12/2017 — introduced by Directive (EU) 2017/2399.
2 provisions change.
Later versions: 27/06/2019, 07/01/2020, 26/06/2021, 12/08/2022, 14/11/2022, 09/01/2024, 14/11/2024, 17/01/2025, 11/05/2026.
Bank Recovery and Resolution Directive (BRRD)
02/07/2014 → 20/07/2017: 0 inserted · 4 removed · 119 amended · 0 moved · 1 renamed · 144 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Recitals · 133 unchanged
Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51 · Recital 52 · Recital 53 · Recital 54 · Recital 55 · Recital 56 · Recital 57 · Recital 58 · Recital 59 · Recital 60 · Recital 61 · Recital 62 · Recital 63 · Recital 64 · Recital 65 · Recital 66 · Recital 67 · Recital 68 · Recital 69 · Recital 70 · Recital 71 · Recital 72 · Recital 73 · Recital 74 · Recital 75 · Recital 76 · Recital 77 · Recital 78 · Recital 79 · Recital 80 · Recital 81 · Recital 82 · Recital 83 · Recital 84 · Recital 85 · Recital 86 · Recital 87 · Recital 88 · Recital 89 · Recital 90 · Recital 91 · Recital 92 · Recital 93 · Recital 94 · Recital 95 · Recital 96 · Recital 97 · Recital 98 · Recital 99 · Recital 100 · Recital 101 · Recital 102 · Recital 103 · Recital 104 · Recital 105 · Recital 106 · Recital 107 · Recital 108 · Recital 109 · Recital 110 · Recital 111 · Recital 112 · Recital 113 · Recital 114 · Recital 115 · Recital 116 · Recital 117 · Recital 118 · Recital 119 · Recital 120 · Recital 121 · Recital 122 · Recital 123 · Recital 124 · Recital 125 · Recital 126 · Recital 127 · Recital 128 · Recital 129 · Recital 130 · Recital 131 · Recital 132 · Recital 133
Title I - SCOPE, DEFINITIONS AND AUTHORITIES
- amended Article 1 - Subject matter and scope Title I
- amended Article 2 - Definitions Title I
- amended Article 3 - Designation of authorities responsible for resolution Title I
Title II - PREPARATION
- amended Article 4 - Simplified obligations for certain institutions Title II › Chapter I › Section 1
- amended Article 5 - Recovery plans Title II › Chapter I › Section 2
- amended Article 6 - Assessment of recovery plans Title II › Chapter I › Section 2
- amended Article 7 - Group recovery plans Title II › Chapter I › Section 2
- amended Article 8 - Assessment of group recovery plans Title II › Chapter I › Section 2
- amended Article 9 - Recovery Plan Indicators Title II › Chapter I › Section 2
- amended Article 10 - Resolution plans Title II › Chapter I › Section 3
- amended Article 11 - Information for the purpose of resolution plans and cooperation from the institution Title II › Chapter I › Section 3
- amended Article 12 - Group resolution plans Title II › Chapter I › Section 3
- amended Article 13 - Requirement and procedure for group resolution plans Title II › Chapter I › Section 3
- amended Article 14 - Transmission of resolution plans to the competent authorities Title II › Chapter I › Section 3
- amended Article 15 - Assessment of resolvability for institutions Title II › Chapter II
- amended Article 16 - Assessment of resolvability for groups Title II › Chapter II
- amended Article 17 - Powers to address or remove impediments to resolvability Title II › Chapter II
- amended Article 18 - Powers to address or remove impediments to resolvability: group treatment Title II › Chapter II
- amended Article 19 - Group financial support agreement Title II › Chapter III
- amended Article 20 - Review of proposed agreement by competent authorities and mediation Title II › Chapter III
- amended Article 21 - Approval of proposed agreement by shareholders Title II › Chapter III
- amended Article 23 - Conditions for group financial support Title II › Chapter III
- amended Article 25 - Right of opposition of competent authorities Title II › Chapter III
- amended Article 26 - Disclosure Title II › Chapter III
Title II · 2 unchanged
Title III - EARLY INTERVENTION
- amended Article 27 - Early intervention measures Title III
- amended Article 29 - Temporary administrator Title III
- amended Article 30 - Coordination of early intervention measures and appointment of temporary administrator in relation to groups Title III
Title III · 1 unchanged
Title IV - RESOLUTION
- amended Article 31 - Resolution objectives Title IV › Chapter I
- amended Article 32 - Conditions for resolution Title IV › Chapter I
- amended Article 33 - Conditions for resolution with regard to financial institutions and holding companies Title IV › Chapter I
- amended Article 34 - General principles governing resolution Title IV › Chapter I
- amended Article 35 - Special management Title IV › Chapter II
- amended Article 36 - Valuation for the purposes of resolution Title IV › Chapter III
- amended Article 37 - General principles of resolution tools Title IV › Chapter IV › Section 1
- amended Article 38 - The sale of business tool Title IV › Chapter IV › Section 2
- amended Article 39 - Sale of business tool: procedural requirements Title IV › Chapter IV › Section 2
- amended Article 40 - Bridge institution tool Title IV › Chapter IV › Section 3
- amended Article 41 - Operation of a bridge institution Title IV › Chapter IV › Section 3
- amended Article 42 - Asset separation tool Title IV › Chapter IV › Section 4
- amended Article 43 - The bail-in tool Title IV › Chapter IV › Section 5 › Subsection 1
- amended Article 44 - Scope of bail-in tool Title IV › Chapter IV › Section 5 › Subsection 1
- amended Article 45 - Application of the minimum requirement Title IV › Chapter IV › Section 5 › Subsection 2
- amended Article 46 - Assessment of amount of bail-in Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 47 - Treatment of shareholders in bail-in or write down or conversion of capital instruments Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 48 - Sequence of write down and conversion Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 49 - Derivatives Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 50 - Rate of conversion of debt to equity Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 51 - Recovery and reorganisation measures to accompany bail-in Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 52 - Business reorganisation plan Title IV › Chapter IV › Section 5 › Subsection 3
- amended Article 53 - Effect of bail-in Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 54 - Removal of procedural impediments to bail-in Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 55 - Contractual recognition of bail-in Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 56 - Government financial stabilisation tools Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 57 - Public equity support tool Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 58 - Temporary public ownership tool Title IV › Chapter IV › Section 5 › Subsection 4
- amended Article 59 - Requirement to write down or convert capital instruments Title IV › Chapter V
- amended Article 60 - Provisions governing the write down or conversion of capital instruments Title IV › Chapter V
- amended Article 61 - Authorities responsible for determination Title IV › Chapter V
- amended Article 62 - Consolidated application: procedure for determination Title IV › Chapter V
- amended Article 63 - General powers Title IV › Chapter VI
- amended Article 64 - Ancillary powers Title IV › Chapter VI
- amended Article 65 - Power to require the provision of services and facilities Title IV › Chapter VI
- amended Article 66 - Power to enforce crisis management measures or crisis prevention measures by other Member States Title IV › Chapter VI
- amended Article 67 - Power in respect of assets, rights, liabilities, shares and other instruments of ownership located in third countries Title IV › Chapter VI
- amended Article 68 - Exclusion of certain contractual terms in early intervention and resolution Title IV › Chapter VI
- amended Article 69 - Power to suspend certain obligations Title IV › Chapter VI
- amended Article 70 - Power to restrict the enforcement of security interests Title IV › Chapter VI
- amended Article 71 - Power to temporarily suspend termination rights Title IV › Chapter VI
- amended Article 72 - Exercise of the resolution powers Title IV › Chapter VI
- amended Article 73 - Treatment of shareholders and creditors in the case of partial transfers and application of the bail-in tool Title IV › Chapter VII
- amended Article 74 - Valuation of difference in treatment Title IV › Chapter VII
- amended Article 76 - Safeguard for counterparties in partial transfers Title IV › Chapter VII
- amended Article 77 - Protection for financial collateral, set off and netting agreements Title IV › Chapter VII
- amended Article 78 - Protection for security arrangements Title IV › Chapter VII
- amended Article 79 - Protection for structured finance arrangements and covered bonds Title IV › Chapter VII
- amended Article 80 - Partial transfers: protection of trading, clearing and settlement systems Title IV › Chapter VII
- amended Article 81 - Notification requirements Title IV › Chapter VIII
- amended Article 82 - Decision of the resolution authority Title IV › Chapter VIII
- amended Article 83 - Procedural obligations of resolution authorities Title IV › Chapter VIII
- amended Article 84 - Confidentiality Title IV › Chapter VIII
- amended Article 85 - Ex-ante judicial approval and rights to challenge decisions Title IV › Chapter IX
- amended Article 86 - Restrictions on other proceedings Title IV › Chapter IX
Title IV · 1 unchanged
Title V - CROSS-BORDER GROUP RESOLUTION
- amended Article 87 - General principles regarding decision-making involving more than one Member State Title V
- amended Article 88 - Resolution colleges Title V
- amended Article 89 - European resolution colleges Title V
- amended Article 90 - Information exchange Title V
- amended Article 91 - Group resolution involving a subsidiary of the group Title V
- amended Article 92 - Group resolution Title V
Title VI - RELATIONS WITH THIRD COUNTRIES
- amended Article 93 - Agreements with third countries Title VI
- amended Article 94 - Recognition and enforcement of third-country resolution proceedings Title VI
- amended Article 95 - Right to refuse recognition or enforcement of third-country resolution proceedings Title VI
- amended Article 96 - Resolution of Union branches Title VI
- amended Article 97 - Cooperation with third-country authorities Title VI
- amended Article 98 - Exchange of confidential information Title VI
Title VII - FINANCING ARRANGEMENTS
- amended Article 99 - European system of financing arrangements Title VII
- amended Article 100 - Requirement to establish resolution financing arrangements Title VII
- amended Article 101 - Use of the resolution financing arrangements Title VII
- amended Article 102 - Target level Title VII
- amended Article 103 - Ex-ante contributions Title VII
- amended Article 104 - Extraordinary ex-post contributions Title VII
- amended Article 106 - Borrowing between financing arrangements Title VII
- amended Article 107 - Mutualisation of national financing arrangements in the case of a group resolution Title VII
- amended Article 108 - Ranking of deposits in insolvency hierarchy Title VII
- amended Article 109 - Use of deposit guarantee schemes in the context of resolution Title VII
Title VII · 1 unchanged
Title VIII - PENALTIES
- amended Article 110 - Administrative penalties and other administrative measures Title VIII
- amended Article 111 - Specific provisions Title VIII
- amended Article 112 - Publication of administrative penalties Title VIII
- amended Article 113 - Maintenance of central database by EBA Title VIII
- amended Article 114 - Effective application of penalties and exercise of powers to impose penalties by competent authorities and resolution authorities Title VIII
Title IX - POWERS OF EXECUTION
- amended Article 115 - Exercise of the delegation Title IX
Title X - AMENDMENTS TO DIRECTIVES 82/891/EEC, 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU AND 2013/36/EU AND TO REGULATIONS (EU) NO 1093/2010 AND (EU) NO 648/2012
- removed Article 116 - Amendment to Directive 82/891/EEC Title X
- amended Article 117 - Amendments to Directive 2001/24/EC Title X
- amended Article 118 - Amendment to Directive 2002/47/EC Title X
- amended Article 119 - Amendment to Directive 2004/25/EC Title X
- removed Article 120 - Amendment to Directive 2005/56/EC Title X
- amended Article 121 - Amendments to Directive 2007/36/EC Title X
- removed Article 122 - Amendment to Directive 2011/35/EU Title X
- removed Article 123 - Amendment to Directive 2012/30/EU Title X
- amended Article 125 - Amendment to Regulation (EU) No 1093/2010 Title X
- amended Article 126 - Amendment to Regulation (EU) No 648/2012 Title X
Title X · 1 unchanged
Title XI - FINAL PROVISIONS
- amended Article 129 - Review Title XI
- amended Article 130 - Transposition Title XI
Title XI · 4 unchanged
Annexes
- amendedrenamed Annex 1 - SECTION A was “Annex 1”