+CHAPTER III Resolution tools
---+Section 1 General principles
------+Article 27 General provisions on resolution tools
---------+Article 27 1
---------+Article 27 2
---------+Article 27 3
---------+Article 27 4
---------+Article 27 5
---------+Article 27 6
---------+Article 27 7
---------+Article 27 8
---------+Article 27 9
---------+Article 27 10
---------+Article 27 11
---+Section 2 Position allocation and loss allocation tools
------+Article 28 Objective and scope of the position and loss allocation tools
---------+Article 28 1
---------+Article 28 2
---------+Article 28 3
---------+Article 28 4
------+Article 29 Termination of contracts – partial or full
---------+Article 29 1
---------+Article 29 2
---------+Article 29 3
---------+Article 29 4
---------+Article 29 5
---------+Article 29 6
---------+Article 29 7
------+Article 30 Reduction of the value of any gains payable by the CCP to non-defaulting clearing members
---------+Article 30 1
---------+Article 30 2
---------+Article 30 3
---------+Article 30 4
---------+Article 30 5
---------+Article 30 6
------+Article 31 Resolution cash call
---------+Article 31 1
---------+Article 31 2
---+Section 3 Write-down and conversion of instruments of ownership and debt instruments or other unsecured liabilities
------+Article 32 Requirement to write down and convert instruments of ownership and debt instruments or other unsecured liabilities
---------+Article 32 1
---------+Article 32 2
------+Article 33 Provisions governing the write-down or conversion of instruments of ownership and debt instruments or other unsecured liabilities
---------+Article 33 1
---------+Article 33 2
---------+Article 33 3
---------+Article 33 4
---------+Article 33 5
---------+Article 33 6
---------+Article 33 7
---------+Article 33 8
------+Article 34 Effect of write-down and conversion
---------+Article 34 (a)
---------+Article 34 (b)
---------+Article 34 (c)
---------+Article 34 (d)
------+Article 35 Removal of procedural obstacles for write-down and conversion
---------+Article 35 1
---------+Article 35 2
------+Article 36 Submission of a business reorganisation plan
---------+Article 36 1
---------+Article 36 2
---------+Article 36 3
------+Article 37 Content of the business reorganisation plan
---------+Article 37 1
---------+Article 37 2
---------+Article 37 3
---------+Article 37 4
------+Article 38 Assessment and adoption of the business reorganisation plan
---------+Article 38 1
---------+Article 38 2
---------+Article 38 3
---------+Article 38 4
------+Article 39 Implementation and monitoring of the business reorganisation plan
---------+Article 39 1
---------+Article 39 2
---+Section 4 Sale of business tool
------+Article 40 Sale of business tool
---------+Article 40 1
---------+Article 40 2
---------+Article 40 3
---------+Article 40 4
---------+Article 40 5
---------+Article 40 6
---------+Article 40 7
---------+Article 40 8
---------+Article 40 9
---------+Article 40 10
---------+Article 40 11
---------+Article 40 12
------+Article 41 Sale of business tool: procedural requirements
---------+Article 41 1
---------+Article 41 2
---------+Article 41 3
---+Section 5 Bridge CCP tool
------+Article 42 Bridge CCP tool
---------+Article 42 1
---------+Article 42 2
---------+Article 42 3
---------+Article 42 4
---------+Article 42 5
---------+Article 42 6
---------+Article 42 7
---------+Article 42 8
---------+Article 42 9
---------+Article 42 10
---------+Article 42 11
---------+Article 42 12
---------+Article 42 13
---------+Article 42 14
------+Article 43 Bridge CCP: procedural requirements
---------+Article 43 1
---------+Article 43 2
---------+Article 43 3
---------+Article 43 4
---------+Article 43 5
---------+Article 43 6
---------+Article 43 7
---+Section 6 Additional financing arrangements
------+Article 44 Alternative funding means
---+Section 7 Government stabilisation tools
------+Article 45 Government financial stabilisation tools
---------+Article 45 1
---------+Article 45 2
---------+Article 45 3
------+Article 46 Public equity support tool
---------+Article 46 1
---------+Article 46 2
---------+Article 46 3
------+Article 47 Temporary public ownership tool
---------+Article 47 1
---------+Article 47 2

CHAPTER III Resolution tools

CHAPTER III Resolution tools

1. Overview

,
Section 1 General principles Section 1 General principles
Section 2 Position allocation and loss allocation tools Section 2 Position allocation and loss allocation tools
Section 3 Write-down and conversion of instruments of ownership and debt instruments or other unsecured liabilities Section 3 Write-down and conversion of instruments of ownership and debt instruments or other unsecured liabilities
Section 4 Sale of business tool Section 4 Sale of business tool
Section 5 Bridge CCP tool Section 5 Bridge CCP tool
Section 6 Additional financing arrangements Section 6 Additional financing arrangements
Section 7 Government stabilisation tools Section 7 Government stabilisation tools

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 22.01.2021 00:00:00 -Doknr: CELEX:32021R0023
  • EULAW -

    EN: Legal acts of the European Union from EUR-Lex, https://eur-lex.europa.eu/. © European Union. Re-use is authorised by Decision 2011/833/EU, provided the source is acknowledged; the consolidated texts are licensed under CC BY 4.0 (EUR-Lex legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the legislation published in the Official Journal of the European Union is deemed authentic.

    DE: Rechtsakte der Europäischen Union aus EUR-Lex, https://eur-lex.europa.eu/. © Europäische Union. Weiterverwendung nach Beschluss 2011/833/EU mit Quellenangabe gestattet; die konsolidierten Fassungen stehen unter CC BY 4.0 (Rechtlicher Hinweis von EUR-Lex). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Verbindlich sind allein die im Amtsblatt der Europäischen Union veröffentlichten Rechtsakte.