+Article 42 5.

Article 42 5.

Resolution authorities may exercise the power specified in paragraph 1 to transfer assets, rights or liabilities only if:

(a) 

the situation of the particular market for those assets is of such a nature that the liquidation of those assets under normal insolvency proceedings could have an adverse effect on one or more financial markets.

(b) 

such a transfer is necessary to ensure the proper functioning of the institution under resolution or bridge institution; or

(c) 

such a transfer is necessary to maximise liquidation proceeds.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards