+Section 4 The write-down or conversion tool
---+Article 35 Objective and scope of the write-down or conversion tool
------+Article 35 1
------+Article 35 2
------+Article 35 3
------+Article 35 4
------+Article 35 5
------+Article 35 6
------+Article 35 7
------+Article 35 8
------+Article 35 9
---+Article 36 Treatment of shareholders when applying the write-down or conversion tool
------+Article 36 1
------+Article 36 2
------+Article 36 3
------+Article 36 4
---+Article 37 Rate of conversion of debt to equity
------+Article 37 (a)
------+Article 37 (b)
---+Article 38 Additional provisions governing the write-down or conversion tool
------+Article 38 1
------+Article 38 2
------+Article 38 3
------+Article 38 4
---+Article 39 Effect of write-down or conversion
------+Article 39 1
------+Article 39 2
------+Article 39 3
------+Article 39 4
---+Article 40 Write-down or conversion of liabilities arising from derivatives
------+Article 40 1
------+Article 40 2
------+Article 40 3
------+Article 40 4
---+Article 41 Removal of procedural obstacles for write-down or conversion
------+Article 41 1
------+Article 41 2

Section 4 The write-down or conversion tool

Section 4 The write-down or conversion tool

1. Overview

,
Article 35 Objective and scope of the write-down or conversion tool
Article 36 Treatment of shareholders when applying the write-down or conversion tool
Article 37 Rate of conversion of debt to equity

Member States shall ensure that, when resolution authorities apply the write-down or conversion tool and exercise the power specified in Article 42(1), point (h), they may apply a different conversion rate to different classes of capital instruments and liabilities in accordance with one or both of the following principles:
Article 38 Additional provisions governing the write-down or conversion tool
Article 39 Effect of write-down or conversion
Article 40 Write-down or conversion of liabilities arising from derivatives
Article 41 Removal of procedural obstacles for write-down or conversion

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 08.01.2025 00:00:00 -Doknr: CELEX:32025L0001
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