+Article 18 4

Article 18 4

4.   The competent authority shall apply the measure in point (i) of paragraph 1 only where that measure is in the public interest and is necessary to achieve any of the following objectives:

(a)

to maintain the financial stability in the Union or in one or more of its Member States;

(b)

to maintain the continuity of the critical functions of the CCP and access to critical functions on a transparent and non-discriminatory basis;

(c)

to maintain or restore the financial resilience of the CCP.

The competent authority shall not apply the measure in point (i) of paragraph 1 in relation to measures involving the transfer of property, rights or liabilities of another CCP.

1. Overview

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Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • Builddate: 22.01.2021 00:00:00 -Doknr: CELEX:32021R0023
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