+Article 57 3

Article 57 3

3.   A party to a contract may exercise a termination right under that contract before the end of the period referred to in paragraph 1 where that party receives notice from the resolution authority that the rights and liabilities covered by the contract shall not be:

(a)

transferred to another entity; or

(b)

subject to write-down, conversion, or the application of a resolution tool to allocate losses or positions.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards