What changes on 19/08/2014

The text in force from 22/09/2012 compared with the text from 19/08/2014.

Read the act as of 19/08/2014 · other versions: 28/12/2020 · 26/06/2021 · 12/08/2022 · 13/05/2024 · 14/11/2024 · 10/11/2025 · 11/06/2026

Part I

• inserted Article 1 - Subject matter
• inserted Article 2 - Scope
• inserted Article 3 - Definitions
• inserted Article 4 - Participating Member States
• inserted Article 5 - Relation to Directive 2014/59/EU and applicable national law
• inserted Article 6 - General principles
• inserted Article 7 - Division of tasks within the SRM

Part II › Title I › Chapter 1

• inserted Article 8 - Resolution plans drawn up by the Board
• inserted Article 9 - Resolution plans drawn up by national resolution authorities
• inserted Article 10 - Assessment of resolvability
• inserted Article 11 - Simplified obligations for certain institutions
• inserted Article 12 - Minimum requirement for own funds and eligible liabilities

Part II › Title I › Chapter 2

• inserted Article 13 - Early intervention

Part II › Title I › Chapter 3

• inserted Article 14 - Resolution objectives
• inserted Article 15 - General principles governing resolution
• inserted Article 16 - Resolution of financial institutions and parent undertakings
• inserted Article 17 - Order of priority of claims
• inserted Article 18 - Resolution procedure
• inserted Article 19 - State aid and Fund aid
• inserted Article 20 - Valuation for the purposes of resolution
• inserted Article 21 - Write-down and conversion of capital instruments
• inserted Article 22 - General principles of resolution tools
• inserted Article 23 - Resolution Scheme
• inserted Article 24 - Sale of business tool
• inserted Article 25 - Bridge institution tool
• inserted Article 26 - Asset separation tool
• inserted Article 27 - Bail-in tool
• inserted Article 28 - Monitoring by the Board
• inserted Article 29 - Implementation of decisions under this Regulation

Part II › Title I › Chapter 4

• inserted Article 30 - Obligation to cooperate and information exchange within the SRM
• inserted Article 31 - Cooperation within the SRM
• inserted Article 32 - Consultation of, and cooperation with, non-participating Member States and third countries
• inserted Article 33 - Recognition and enforcement of third-country resolution proceedings

Part II › Title I › Chapter 5

• inserted Article 34 - Requests for information
• inserted Article 35 - General investigations
• inserted Article 36 - On-site inspections
• inserted Article 37 - Authorisation by a judicial authority

Part II › Title I › Chapter 6

• inserted Article 38 - Fines
• inserted Article 39 - Periodic penalty payments
• inserted Article 40 - Hearing of the persons subject to the proceedings
• inserted Article 41 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments

Part III › Title I

• inserted Article 42 - Legal status
• inserted Article 43 - Composition
• inserted Article 44 - Compliance with Union law
• inserted Article 45 - Accountability
• inserted Article 46 - National parliaments
• inserted Article 47 - Independence
• inserted Article 48 - Seat

Part III › Title II

• inserted Article 49 - Participation in plenary sessions
• inserted Article 50 - Tasks
• inserted Article 51 - Meeting of the plenary session of the Board
• inserted Article 52 - General provisions on the decision-making process

Part III › Title III

• inserted Article 53 - Participation in the executive sessions
• inserted Article 54 - Tasks
• inserted Article 55 - Decision-making

Part III › Title IV

• inserted Article 56 - Appointment and tasks

Part III › Title V › Chapter 1

• inserted Article 57 - Resources
• inserted Article 58 - Budget
• inserted Article 59 - Part I of the budget on the administration of the Board
• inserted Article 60 - Part II of the budget on the Fund
• inserted Article 61 - Establishment and implementation of the budget
• inserted Article 62 - Internal audit and control
• inserted Article 63 - Implementation of the budget, presentation of accounts and discharge
• inserted Article 64 - Financial rules
• inserted Article 65 - Contributions to the administrative expenditures of the Board
• inserted Article 66 - Anti-fraud measures

Part III › Title V › Chapter 2 › Section 1

• inserted Article 67 - General provisions
• inserted Article 68 - Requirement to establish resolution financing arrangements
• inserted Article 69 - Target level
• inserted Article 70 - Ex-ante contributions
• inserted Article 71 - Extraordinary ex-post contributions
• inserted Article 72 - Voluntary borrowing between resolution financing arrangements
• inserted Article 73 - Alternative funding means
• inserted Article 74 - Access to financial facility

Part III › Title V › Chapter 2 › Section 2

• inserted Article 75 - Investments

Part III › Title V › Chapter 2 › Section 3

• inserted Article 76 - Mission of the Fund
• inserted Article 77 - Use of the Fund
• inserted Article 78 - Mutualisation of national financing arrangements in the case of group resolution involving institutions in non-participating Member States
• inserted Article 79 - Use of deposit guarantee schemes in the context of resolution

Part III › Title VI

• inserted Article 80 - Privileges and Immunities
• inserted Article 81 - Language arrangements
• inserted Article 82 - Staff
• inserted Article 83 - Staff exchange
• inserted Article 84 - Internal committees
• inserted Article 85 - Appeal Panel
• inserted Article 86 - Actions before the Court of Justice
• inserted Article 87 - Liability of the Board
• inserted Article 88 - Professional secrecy and exchange of information
• inserted Article 89 - Data protection
• inserted Article 90 - Access to documents
• inserted Article 91 - Security rules on the protection of classified and sensitive non-classified information
• inserted Article 92 - Court of Auditors

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Recital 21
• inserted Recital 22
• inserted Recital 23
• inserted Recital 24
• inserted Recital 25
• inserted Recital 26
• inserted Recital 27
• inserted Recital 28
• inserted Recital 29
• inserted Recital 30
• inserted Recital 31
• inserted Recital 32
• inserted Recital 33
• inserted Recital 34
• inserted Recital 35
• inserted Recital 36
• inserted Recital 37
• inserted Recital 38
• inserted Recital 39
• inserted Recital 40
• inserted Recital 41
• inserted Recital 42
• inserted Recital 43
• inserted Recital 44
• inserted Recital 45
• inserted Recital 46
• inserted Recital 47
• inserted Recital 48
• inserted Recital 49
• inserted Recital 50
• inserted Recital 51
• inserted Recital 52
• inserted Recital 53
• inserted Recital 54
• inserted Recital 55
• inserted Recital 56
• inserted Recital 57
• inserted Recital 58
• inserted Recital 59
• inserted Recital 60
• inserted Recital 61
• inserted Recital 62
• inserted Recital 63
• inserted Recital 64
• inserted Recital 65
• inserted Recital 66
• inserted Recital 67
• inserted Recital 68
• inserted Recital 69
• inserted Recital 70
• inserted Recital 71
• inserted Recital 72
• inserted Recital 73
• inserted Recital 74
• inserted Recital 75
• inserted Recital 76
• inserted Recital 77
• inserted Recital 78
• inserted Recital 79
• inserted Recital 80
• inserted Recital 81
• inserted Recital 82
• inserted Recital 83
• inserted Recital 84
• inserted Recital 85
• inserted Recital 86
• inserted Recital 87
• inserted Recital 88
• inserted Recital 89
• inserted Recital 90
• inserted Recital 91
• inserted Recital 92
• inserted Recital 93
• inserted Recital 94
• inserted Recital 95
• inserted Recital 96
• inserted Recital 97
• inserted Recital 98
• inserted Recital 99
• inserted Recital 100
• inserted Recital 101
• inserted Recital 102
• inserted Recital 103
• inserted Recital 104
• inserted Recital 105
• inserted Recital 106
• inserted Recital 107
• inserted Recital 108
• inserted Recital 109
• inserted Recital 110
• inserted Recital 111
• inserted Recital 112
• inserted Recital 113
• inserted Recital 114
• inserted Recital 115
• inserted Recital 116
• inserted Recital 117
• inserted Recital 118
• inserted Recital 119
• inserted Recital 120
• inserted Recital 121
• inserted Recital 122
• inserted Recital 123
• inserted Recital 124
• inserted Preamble

Part IV

• inserted Article 93 - Exercise of the delegation
• inserted Article 94 - Review
• inserted Article 95 - Amendment to Regulation (EU) No 1093/2010
• inserted Article 96 - Replacement of national resolution financing arrangements
• inserted Article 97 - Headquarters Agreement and operating conditions
• inserted Article 98 - Start of the Board's activities
• inserted Article 99 - Entry into force