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SRM Regulation In force since 1 January 2015

Regulation (EU) No 806/2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions (Single Resolution Mechanism)
32014R0806 · official text on EUR-Lex

Articles

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

Chapter 1 Resolution planning

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

Chapter 2 Early intervention

• Article 13 — Early intervention

Chapter 3 Resolution

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

Chapter 4 Cooperation

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

Chapter 5 Investigatory powers

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

Chapter 6 Penalties

• Article 38 — Fines
• Article 39 — Periodic penalty payments
• Article 40 — Hearing of the persons subject to the proceedings
• Article 41 — Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
• Article 42 — Legal status
• Article 43 — Composition
• Article 44 — Compliance with Union law
• Article 45 — Accountability
• Article 46 — National parliaments
• Article 47 — Independence
• Article 48 — Seat
• Article 49 — Participation in plenary sessions
• Article 50 — Tasks
• Article 51 — Meeting of the plenary session of the Board
• Article 52 — General provisions on the decision-making process
• Article 53 — Participation in the executive sessions
• Article 54 — Tasks
• Article 55 — Decision-making
• Article 56 — Appointment and tasks

Chapter 1 General provisions

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

Chapter 2 The Single Resolution Fund

Section 1 Constitution of the Fund

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

Section 2 Administration of the Fund

• Article 75 — Investments

Section 3 Use of the Fund

• Article 76 — Mission of the Fund
• Article 77 — Use of the Fund
• Article 78 — Mutualisation of national financing arrangements in the case of group resolution involving institutions in non-participating Member States
• Article 79 — Use of deposit guarantee schemes in the context of resolution
• Article 80 — Privileges and Immunities
• Article 81 — Language arrangements
• Article 82 — Staff
• Article 83 — Staff exchange
• Article 84 — Internal committees
• Article 85 — Appeal Panel
• Article 86 — Actions before the Court of Justice
• Article 87 — Liability of the Board
• Article 88 — Professional secrecy and exchange of information
• Article 89 — Data protection
• Article 90 — Access to documents
• Article 91 — Security rules on the protection of classified and sensitive non-classified information
• Article 92 — Court of Auditors
• Article 93 — Exercise of the delegation
• Article 94 — Review
• Article 95 — Amendment to Regulation (EU) No 1093/2010
• Article 96 — Replacement of national resolution financing arrangements
• Article 97 — Headquarters Agreement and operating conditions
• Article 98 — Start of the Board's activities
• Article 99 — Entry into force