What changes on 04/07/2020
The text in force from 01/01/2012 compared with the text from 04/07/2020.
195 inserted
0 amended
0 deleted
0 moved
Read the act as of 04/07/2020 · other versions:
Title I
- inserted Article 1 - Subject matter
- inserted Article 2 - Definitions
Title II › Section 1
- inserted Article 3 - Designation of resolution authorities and competent ministries
- inserted Article 4 - Resolution colleges
- inserted Article 5 - ESMA Resolution Committee
- inserted Article 6 - Cooperation between authorities
Title II › Section 2
- inserted Article 7 - General principles regarding decision-making
- inserted Article 8 - Information exchange
Title III › Chapter I › Section 1
- inserted Article 9 - Recovery plans
- inserted Article 10 - Assessment of recovery plans
- inserted Article 11 - Coordination procedure for recovery plans
Title III › Chapter I › Section 2
- inserted Article 12 - Resolution plans
- inserted Article 13 - CCPs’ duty to cooperate and provide information
- inserted Article 14 - Coordination procedure for resolution plans
Title III › Chapter II
- inserted Article 15 - Assessment of resolvability
- inserted Article 16 - Addressing or removing impediments to resolvability
- inserted Article 17 - Coordination procedure to address or remove impediments to resolvability
Title IV
- inserted Article 18 - Early intervention measures
- inserted Article 19 - Removal of senior management and board
- inserted Article 20 - Provision of recompense to non-defaulting clearing members
Title V › Chapter I
- inserted Article 21 - Resolution objectives
- inserted Article 22 - Conditions for resolution
- inserted Article 23 - General principles regarding resolution
Title V › Chapter II
- inserted Article 24 - Objectives of valuation
- inserted Article 25 - Requirements for valuation
- inserted Article 26 - Provisional valuation
Title V › Chapter III › Section 1
Title V › Chapter III › Section 2
- inserted Article 28 - Objective and scope of the position and loss allocation tools
- inserted Article 29 - Termination of contracts – partial or full
- inserted Article 30 - Reduction of the value of any gains payable by the CCP to non-defaulting clearing members
- inserted Article 31 - Resolution cash call
Title V › Chapter III › Section 3
- inserted Article 32 - Requirement to write down and convert instruments of ownership and debt instruments or other unsecured liabilities
- inserted Article 33 - Provisions governing the write-down or conversion of instruments of ownership and debt instruments or other unsecured liabilities
- inserted Article 34 - Effect of write-down and conversion
- inserted Article 35 - Removal of procedural obstacles for write-down and conversion
- inserted Article 36 - Submission of a business reorganisation plan
- inserted Article 37 - Content of the business reorganisation plan
- inserted Article 38 - Assessment and adoption of the business reorganisation plan
- inserted Article 39 - Implementation and monitoring of the business reorganisation plan
Title V › Chapter III › Section 4
- inserted Article 40 - Sale of business tool
- inserted Article 41 - Sale of business tool: procedural requirements
Title V › Chapter III › Section 5
- inserted Article 42 - Bridge CCP tool
- inserted Article 43 - Bridge CCP: procedural requirements
Title V › Chapter III › Section 6
Title V › Chapter III › Section 7
- inserted Article 45 - Government financial stabilisation tools
- inserted Article 46 - Public equity support tool
- inserted Article 47 - Temporary public ownership tool
Title V › Chapter IV
- inserted Article 48 - General powers
- inserted Article 49 - Ancillary powers
- inserted Article 50 - Special management
- inserted Article 51 - Power to require the provision of services and facilities
- inserted Article 52 - Power to enforce crisis prevention measures or resolution actions by other Member States
- inserted Article 53 - Power in respect of assets, contracts, rights, liabilities, obligations and instruments of ownership of persons located in or governed by the law of third countries
- inserted Article 54 - Exclusion of certain contractual terms in early intervention and resolution
- inserted Article 55 - Power to suspend certain obligations
- inserted Article 56 - Power to restrict the enforcement of security interests
- inserted Article 57 - Power to temporarily suspend termination rights
- inserted Article 58 - Power to exercise control over the CCP
- inserted Article 59 - Exercise of powers by the resolution authorities
Title V › Chapter V
- inserted Article 60 - ‘No creditor worse off’ principle
- inserted Article 61 - Valuation for the application of the ‘no creditor worse off’ principle
- inserted Article 62 - Safeguard for shareholders, clearing members and other creditors
- inserted Article 63 - Safeguard for clients and indirect clients
- inserted Article 64 - Recoupment of payments
- inserted Article 65 - Safeguard for counterparties in partial transfers
- inserted Article 66 - Protection for financial collateral, set off and netting arrangements
- inserted Article 67 - Protection for security arrangements
- inserted Article 68 - Protection for structured finance arrangements and covered bonds
- inserted Article 69 - Partial transfers: protection of trading, clearing and settlement systems
Title V › Chapter VI
- inserted Article 70 - Notification requirements
- inserted Article 71 - Decision of the resolution authority
- inserted Article 72 - Procedural obligations of resolution authorities
- inserted Article 73 - Confidentiality
Title V › Chapter VII
- inserted Article 74 - Ex-ante judicial approval and rights of appeal
- inserted Article 75 - Restrictions on other proceedings
Title VI
- inserted Article 76 - Agreements with third countries
- inserted Article 77 - Recognition and enforcement of third-country resolution proceedings
- inserted Article 78 - Right to refuse recognition or enforcement of third-country resolution proceedings
- inserted Article 79 - Cooperation with third-country authorities
- inserted Article 80 - Exchange of confidential information
Title VII
- inserted Article 81 - Administrative penalties and other administrative measures
- inserted Article 82 - Specific provisions
- inserted Article 83 - Publication of administrative penalties or other administrative measures
- inserted Article 84 - Maintenance of central database by ESMA
- inserted Article 85 - Exercise of powers to impose administrative penalties and other administrative measures and their effective application by competent authorities and resolution authorities
Title VIII
- inserted Article 86 - Amendments to Regulation (EU) No 1095/2010
- inserted Article 87 - Amendments to Regulation (EU) No 648/2012
- inserted Article 88 - Amendment to Regulation (EU) 2015/2365
- inserted Article 89 - Amendments to Directive 2002/47/EC
- inserted Article 90 - Amendment to Directive 2004/25/EC
- inserted Article 91 - Amendments to Directive 2007/36/EC
- inserted Article 92 - Amendment to Directive (EU) 2017/1132
- inserted Article 93 - Amendment to Directive 2014/59/EU
- inserted Article 94 - Amendment to Regulation (EU) No 806/2014
- inserted Article 95 - Amendment to Regulation (EU) No 600/2014
Title IX
- inserted Article 96 - Review
- inserted Article 97 - Entry into force
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 Preamble
- inserted Annex 1