◷
New version applies from 26/06/2021 — introduced by IFR Regulation.
12 provisions change.
Later versions: 12/08/2022, 13/05/2024, 14/11/2024, 10/11/2025, 11/06/2026.
Single Resolution Mechanism (SRMR)
19/08/2014 → 28/12/2020: 12 inserted · 0 removed · 87 amended · 0 moved · 1 renamed · 137 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Recitals · 124 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
Part I - GENERAL PROVISIONS
- amended Article 2 - Scope Part I
- amended Article 3 - Definitions Part I
- amended Article 4 - Participating Member States Part I
- amended Article 5 - Relation to Directive 2014/59/EU and applicable national law Part I
- amended Article 6 - General principles Part I
- amended Article 7 - Division of tasks within the SRM Part I
Part I · 1 unchanged
Part II - SPECIFIC PROVISIONS
- amended Article 8 - Resolution plans drawn up by the Board Part II › Title I › Chapter 1
- amended Article 9 - Resolution plans drawn up by national resolution authorities Part II › Title I › Chapter 1
- amended Article 10 - Assessment of resolvability Part II › Title I › Chapter 1
- inserted Article 10a - Power to prohibit certain distributions Part II › Title I › Chapter 1
- amended Article 11 - Simplified obligations for certain institutions Part II › Title I › Chapter 1
- amended Article 12 - Minimum requirement for own funds and eligible liabilities Part II › Title I › Chapter 1
- inserted Article 12a - Application and calculation of the minimum requirement for own funds and eligible liabilities Part II › Title I › Chapter 1
- inserted Article 12b - Exemption from the minimum requirement for own funds and eligible liabilities Part II › Title I › Chapter 1
- inserted Article 12c - Eligible liabilities for resolution entities Part II › Title I › Chapter 1
- inserted Article 12d - Determination of the minimum requirement for own funds and eligible liabilities Part II › Title I › Chapter 1
- inserted Article 12e - Determination of the minimum requirement for own funds and eligible liabilities for resolution entities of G-SIIs and Union material subsidiaries of non-EU G-SIIs Part II › Title I › Chapter 1
- inserted Article 12f - Application of the minimum requirement for own funds and eligible liabilities to resolution entities Part II › Title I › Chapter 1
- inserted Article 12g - Application of the minimum requirement for own funds and eligible liabilities to entities that are not themselves resolution entities Part II › Title I › Chapter 1
- inserted Article 12h - Waiver of the minimum requirement for own funds and eligible liabilities applied to entities that are not themselves resolution entities Part II › Title I › Chapter 1
- inserted Article 12i - Waiver for a central body and credit institutions permanently affiliated to a central body Part II › Title I › Chapter 1
- inserted Article 12j - Breaches of the minimum requirement for own funds and eligible liabilities Part II › Title I › Chapter 1
- inserted Article 12k - Transitional and post-resolution arrangements Part II › Title I › Chapter 1
- amended Article 13 - Early intervention Part II › Title I › Chapter 2
- amended Article 14 - Resolution objectives Part II › Title I › Chapter 3
- amended Article 15 - General principles governing resolution Part II › Title I › Chapter 3
- amended Article 16 - Resolution of financial institutions and parent undertakings Part II › Title I › Chapter 3
- amended Article 17 - Order of priority of claims Part II › Title I › Chapter 3
- amended Article 18 - Resolution procedure Part II › Title I › Chapter 3
- amended Article 19 - State aid and Fund aid Part II › Title I › Chapter 3
- amended Article 20 - Valuation for the purposes of resolution Part II › Title I › Chapter 3
- amendedrenamed Article 21 - Write-down or conversion of capital instruments and eligible liabilities Part II › Title I › Chapter 3 was “Article 21 - Write-down and conversion of capital instruments”
- amended Article 22 - General principles of resolution tools Part II › Title I › Chapter 3
- amended Article 24 - Sale of business tool Part II › Title I › Chapter 3
- amended Article 25 - Bridge institution tool Part II › Title I › Chapter 3
- amended Article 26 - Asset separation tool Part II › Title I › Chapter 3
- amended Article 27 - Bail-in tool Part II › Title I › Chapter 3
- amended Article 28 - Monitoring by the Board Part II › Title I › Chapter 3
- amended Article 29 - Implementation of decisions under this Regulation Part II › Title I › Chapter 3
- amended Article 30 - Obligation to cooperate and information exchange within the SRM Part II › Title I › Chapter 4
- amended Article 31 - Cooperation within the SRM Part II › Title I › Chapter 4
- amended Article 32 - Consultation of, and cooperation with, non-participating Member States and third countries Part II › Title I › Chapter 4
- amended Article 33 - Recognition and enforcement of third-country resolution proceedings Part II › Title I › Chapter 4
- amended Article 34 - Requests for information Part II › Title I › Chapter 5
- amended Article 35 - General investigations Part II › Title I › Chapter 5
- amended Article 36 - On-site inspections Part II › Title I › Chapter 5
- amended Article 37 - Authorisation by a judicial authority Part II › Title I › Chapter 5
- amended Article 38 - Fines Part II › Title I › Chapter 6
- amended Article 39 - Periodic penalty payments Part II › Title I › Chapter 6
- amended Article 40 - Hearing of the persons subject to the proceedings Part II › Title I › Chapter 6
- amended Article 41 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Part II › Title I › Chapter 6
Part II · 1 unchanged
Part III - INSTITUTIONAL FRAMEWORK
- amended Article 42 - Legal status Part III › Title I
- amended Article 43 - Composition Part III › Title I
- amended Article 45 - Accountability Part III › Title I
- amended Article 46 - National parliaments Part III › Title I
- amended Article 47 - Independence Part III › Title I
- amended Article 50 - Tasks Part III › Title II
- amended Article 51 - Meeting of the plenary session of the Board Part III › Title II
- amended Article 52 - General provisions on the decision-making process Part III › Title II
- amended Article 53 - Participation in the executive sessions Part III › Title III
- amended Article 54 - Tasks Part III › Title III
- amended Article 55 - Decision-making Part III › Title III
- amended Article 56 - Appointment and tasks Part III › Title IV
- amended Article 57 - Resources Part III › Title V › Chapter 1
- amended Article 58 - Budget Part III › Title V › Chapter 1
- amended Article 59 - Part I of the budget on the administration of the Board Part III › Title V › Chapter 1
- amended Article 60 - Part II of the budget on the Fund Part III › Title V › Chapter 1
- amended Article 61 - Establishment and implementation of the budget Part III › Title V › Chapter 1
- amended Article 62 - Internal audit and control Part III › Title V › Chapter 1
- amended Article 63 - Implementation of the budget, presentation of accounts and discharge Part III › Title V › Chapter 1
- amended Article 64 - Financial rules Part III › Title V › Chapter 1
- amended Article 65 - Contributions to the administrative expenditures of the Board Part III › Title V › Chapter 1
- amended Article 66 - Anti-fraud measures Part III › Title V › Chapter 1
- amended Article 67 - General provisions Part III › Title V › Chapter 2 › Section 1
- amended Article 69 - Target level Part III › Title V › Chapter 2 › Section 1
- amended Article 70 - Ex-ante contributions Part III › Title V › Chapter 2 › Section 1
- amended Article 71 - Extraordinary ex-post contributions Part III › Title V › Chapter 2 › Section 1
- amended Article 72 - Voluntary borrowing between resolution financing arrangements Part III › Title V › Chapter 2 › Section 1
- amended Article 73 - Alternative funding means Part III › Title V › Chapter 2 › Section 1
- amended Article 75 - Investments Part III › Title V › Chapter 2 › Section 2
- amended Article 76 - Mission of the Fund Part III › Title V › Chapter 2 › Section 3
- amended Article 79 - Use of deposit guarantee schemes in the context of resolution Part III › Title V › Chapter 2 › Section 3
- amended Article 81 - Language arrangements Part III › Title VI
- amended Article 82 - Staff Part III › Title VI
- amended Article 83 - Staff exchange Part III › Title VI
- amended Article 85 - Appeal Panel Part III › Title VI
- amended Article 86 - Actions before the Court of Justice Part III › Title VI
- amended Article 87 - Liability of the Board Part III › Title VI
- amended Article 88 - Professional secrecy and exchange of information Part III › Title VI
- amended Article 89 - Data protection Part III › Title VI
- amended Article 90 - Access to documents Part III › Title VI
- amended Article 91 - Security rules on the protection of classified and sensitive non-classified information Part III › Title VI
- amended Article 92 - Court of Auditors Part III › Title VI
Part III · 9 unchanged
Article 44 · Article 48 · Article 49 · Article 68 · Article 74 · Article 77 · Article 78 · Article 80 · Article 84
Part IV - POWERS OF EXECUTION AND FINAL PROVISIONS
- amended Article 93 - Exercise of the delegation Part IV
- amended Article 94 - Review Part IV
- amended Article 95 - Amendment to Regulation (EU) No 1093/2010 Part IV
- amended Article 97 - Headquarters Agreement and operating conditions Part IV
- amended Article 98 - Start of the Board's activities Part IV
- amended Article 99 - Entry into force Part IV