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SRM Regulation

32014R0806 · 99 articles

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

Chapter 1
Resolution planning▸

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

Chapter 2
Early intervention▸

Article 13Early intervention

Chapter 3
Resolution▸

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

Chapter 4
Cooperation▸

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

Chapter 5
Investigatory powers▸

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

Chapter 6
Penalties▸

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

Chapter 1
General provisions▸

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

Chapter 2
The Single Resolution Fund▸

Section 1 · Constitution of the Fund

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

Section 2 · Administration of the Fund

Article 75Investments

Section 3 · Use of the Fund

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

Chapter 6 · Penalties › Article 48

Seat

The Board shall have its seat in Brussels, Belgium.

← Previous Article 47 Independence Next → Article 49 Participation in plenary sessions

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