+Article 78 Right to refuse recognition or enforcement of third-country resolution proceedings
---+Article 78 (a)
---+Article 78 (b)
---+Article 78 (c)
---+Article 78 (d)

Article 78 Right to refuse recognition or enforcement of third-country resolution proceedings

By way of derogation from Article 77(2), the relevant national authorities may refuse to recognise or to enforce third-country resolution proceedings in any of the following cases:

1. Overview

Summary	Regulation
Article 78 (a)	the third-country resolution proceedings would have adverse effects on financial stability in their Member State;
Article 78 (b)	creditors, clearing members and, where applicable, their clients located in their Member State would not receive the same treatment as third-country creditors, clearing members and, where applicable, their clients with similar legal rights under the third-country home resolution proceedings;
Article 78 (c)	recognition or enforcement of the third-country resolution proceedings would have material fiscal implications for their Member State;
Article 78 (d)	the recognition or enforcement would be contrary to national law.

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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