Article 77 Right to refuse recognition or enforcement of third-country resolution proceedings

The resolution authority may refuse to recognise or to enforce third-country resolution proceedings pursuant to Article 76 if it considers:

1. Overview

Summary	Regulation
Article 77 (a)	that the third-country resolution proceedings would have adverse effects on financial stability in the Member State in which the resolution authority is based or that the proceedings would have adverse effects on financial stability in another Member State;
Article 77 (b)	that independent resolution action under Article 78 in relation to a Union branch of a third-country undertaking is necessary to achieve one or more of the resolution objectives;
Article 77 (c)	that creditors would not receive the same treatment as third-country creditors with similar legal rights under the third-country home resolution proceedings;
Article 77 (d)	that recognition or enforcement of the third-country resolution proceedings would have material fiscal implications for the Member State; or
Article 77 (e)	that the effects of such recognition or enforcement would be contrary to the national law.

Requirements
Source	Requirement

Standards
Source	Requirement

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