+Article 120 4.

Article 120 4.

Member States shall ensure that this Chapter does not apply to companies in either of the following circumstances:

(a) 

the company is in liquidation and has begun to distribute assets to its members;

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(b) 

the company is subject to resolution tools, powers and mechanisms provided for in Title IV of Directive 2014/59/EU or in Title V of Regulation (EU) 2021/23.

1. Overview

,
Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement