+Article 27 10

Article 27 10

10.   Member States shall recover over an appropriate period any public funds used as government financial stabilisation tools as referred to in Section 7 of this Chapter and resolution authorities shall recover any reasonable expenses incurred by them in connection with the application of the resolution tools or powers. Such recovery shall, inter alia, come from:

(a)

the CCP under resolution, as a preferred creditor, including any of its claims against defaulting clearing members;

(b)

any consideration paid by the purchaser to the CCP, as a preferred creditor prior to the application of Article 40(4), where the sale of business tool has been applied;

(c)

any proceeds generated as a result of the termination of the bridge CCP, as a preferred creditor prior to the application of Article 42(5);

(d)

any proceeds generated by the application of the public equity support tool referred to in Article 46 and the temporary public ownership tool referred to in Article 47, including the proceeds generated from their sale.

1. Overview

,

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
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