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SRM Regulation

32014R0806 · 99 articles

Art. 1Subject matter Art. 2Scope Art. 3Definitions Art. 4Participating Member States Art. 5Relation to Directive 2014/59/EU and applicable national law Art. 6General principles Art. 7Division of tasks within the SRM Art. 8Resolution plans drawn up by the Board Art. 9Resolution plans drawn up by national resolution authorities Art. 10Assessment of resolvability Art. 11Simplified obligations for certain institutions Art. 12Minimum requirement for own funds and eligible liabilities Art. 13Early intervention Art. 14Resolution objectives Art. 15General principles governing resolution Art. 16Resolution of financial institutions and parent undertakings Art. 17Order of priority of claims Art. 18Resolution procedure Art. 19State aid and Fund aid Art. 20Valuation for the purposes of resolution Art. 21Write-down and conversion of capital instruments Art. 22General principles of resolution tools Art. 23Resolution Scheme Art. 24Sale of business tool Art. 25Bridge institution tool Art. 26Asset separation tool Art. 27Bail-in tool Art. 28Monitoring by the Board Art. 29Implementation of decisions under this Regulation Art. 30Obligation to cooperate and information exchange within the SRM Art. 31Cooperation within the SRM Art. 32Consultation of, and cooperation with, non-participating Member States and third countries Art. 33Recognition and enforcement of third-country resolution proceedings Art. 34Requests for information Art. 35General investigations Art. 36On-site inspections Art. 37Authorisation by a judicial authority Art. 38Fines Art. 39Periodic penalty payments Art. 40Hearing of the persons subject to the proceedings Art. 41Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Art. 42Legal status Art. 43Composition Art. 44Compliance with Union law Art. 45Accountability Art. 46National parliaments Art. 47Independence Art. 48Seat Art. 49Participation in plenary sessions Art. 50Tasks Art. 51Meeting of the plenary session of the Board Art. 52General provisions on the decision-making process Art. 53Participation in the executive sessions Art. 54Tasks Art. 55Decision-making Art. 56Appointment and tasks Art. 57Resources Art. 58Budget Art. 59Part I of the budget on the administration of the Board Art. 60Part II of the budget on the Fund Art. 61Establishment and implementation of the budget Art. 62Internal audit and control Art. 63Implementation of the budget, presentation of accounts and discharge Art. 64Financial rules Art. 65Contributions to the administrative expenditures of the Board Art. 66Anti-fraud measures Art. 67General provisions Art. 68Requirement to establish resolution financing arrangements Art. 69Target level Art. 70Ex-ante contributions Art. 71Extraordinary ex-post contributions Art. 72Voluntary borrowing between resolution financing arrangements Art. 73Alternative funding means Art. 74Access to financial facility Art. 75Investments Art. 76Mission of the Fund Art. 77Use of the Fund Art. 78Mutualisation of national financing arrangements in the case of group resolution involving institutions in non-participating Member States Art. 79Use of deposit guarantee schemes in the context of resolution Art. 80Privileges and Immunities Art. 81Language arrangements Art. 82Staff Art. 83Staff exchange Art. 84Internal committees Art. 85Appeal Panel Art. 86Actions before the Court of Justice Art. 87Liability of the Board Art. 88Professional secrecy and exchange of information Art. 89Data protection Art. 90Access to documents Art. 91Security rules on the protection of classified and sensitive non-classified information Art. 92Court of Auditors Art. 93Exercise of the delegation Art. 94Review Art. 95Amendment to Regulation (EU) No 1093/2010 Art. 96Replacement of national resolution financing arrangements Art. 97Headquarters Agreement and operating conditions Art. 98Start of the Board's activities Art. 99Entry into force

Article 48

Seat

The Board shall have its seat in Brussels, Belgium.

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Text sourced from the Official Journal of the European Union via EUR-Lex. eucite is an independent reference index, not an official EU publication — always confirm against EUR-Lex for legal purposes.