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New version applies from 28/12/2020 — introduced by Regulation (EU) 2019/877. 99 provisions change. Later versions: 26/06/2021, 12/08/2022, 13/05/2024, 14/11/2024, 10/11/2025, 11/06/2026. Article 72 changes in this version: compare with the current text.

Article 72 - Voluntary borrowing between resolution financing arrangements

Article 72
Voluntary borrowing between resolution financing arrangements

1. The Board shall decide to make a request to voluntarily borrow for the Fund from resolution financing arrangements within non-participating Member States, in the event that:

((a))

the amounts raised under Article 70 are not sufficient to cover the losses, costs or other expenses incurred by the use of the Fund in relation to resolution actions;

((b))

the extraordinaryex-postcontributions provided for in Article 71 are not immediately accessible; and

((c))

the alternative funding means provided for in Article 73 are not immediately accessible on reasonable terms.

2. Those resolution financing arrangements shall decide on such a request in accordance with Article 106 of Directive 2014/59/EU. The borrowing conditions shall be subject to Article 106(4), (5) and (6) of Directive 2014/59/EU.

3. The Board may decide to lend to other resolution financing arrangements within non-participating Member States if a request is made in accordance with Article 106 of Directive 2014/59/EU. The lending conditions shall be subject to Article 106(4), (5) and (6) of Directive 2014/59/EU.

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