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Chapter III · Resolution tools  ›  Section 3 · Write-down and conversion of instruments of ownership and debt instruments or other unsecured liabilities › Article 34

Effect of write-down and conversion

The resolution authority shall complete or require the completion of all the administrative and procedural tasks necessary to give effect to the application of the write-down and conversion tool, including:

(a)

the amendment of all relevant registers;

(b)

the delisting or removal from trading of instruments of ownership or debt instruments;

(c)

the listing or admission to trading of new instruments of ownership; and

(d)

the relisting or readmission of any debt instruments which have been written down, without the requirement for the issuing of a prospectus in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council (24).

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