Title II - Adverse effect of the liquidation of assets or liabilities on the financial market

B’konformità mal- Artikolu 16(3) tar- Regolament (UE) Nru 1093/2010, l-awtoritajiet kompetenti jridu jinnotifikaw lill - EBA dwar jekk jikkonformawx jew jekk hux beħsiebhom jikkonformaw ma’ dawn il-linji gwida, jew inkella bir- raġunijiet għan - nuqqas ta’ konformità, sa 07.10.2015. Fin- nuqqas ta’ kwalunkwe notifika sa din l -iskadenza, l- awtoritajiet kompetenti jitqiesu mill - EBA li mhumiex konformi. In - notifiki għandhom jintbagħtu billi tiġi sottomessa l - formola disponibbli fuq is -sit web tal-ABE lil compliance@eba.europa.eu bir-referenza ‘EBA/GL/2015/05’. In-no tifiki għandhom jiġu sottomessi minn persuni b’awtorità xierqa li jirrapportaw f’is em l- awtoritajiet kompetenti tagħhom. Kwalunkwe bidla fl -istat ta’ konformità għandha tiġi rrapportata wkoll lill -EBA.

In- notifiki ser jiġu ppubblikati fuq is -sit web tal-EBA, f’konformità mal- Artikolu 16(3).

The elements listed in the paragraph above are without prejudice to further elements, the assessment of which resolution authorities will deem relevant in each specific case having regard to the particular circumstances.

Where the resolution authority is considering the transfer of assets and liabilities, in particular a portfolio of derivatives or trading assets and liabilities, that are legally or economically interlinked, the resolution authority should assess the elements under paragraph 3 also with respect to the portfolio as a whole and to comparable portfolios. In addition, the resolution authority should assess the impact that unwinding the portfolio could have on the financial markets, taking into account the effect on counterparties to these assets and liabilities, such as the discontinuance of hedging relations and the need to find a replacement for them, or the impact on or special requirements of central counterparties.