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+Article 20 5. |
Article 20 5.The purposes of the valuation shall be:
(a)
to inform the determination of whether the conditions for resolution or the conditions for the write-down or conversion of ►M1 capital instruments and eligible liabilities in accordance with Article 21 ◄ are met;
(b)
if the conditions for resolution are met, to inform the decision on the appropriate resolution action to be taken in respect of an entity referred to in Article 2;
(c)
when the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 21(7) is applied, to inform the decision on the extent of the cancellation or dilution of instruments of ownership, and the extent of the write-down or conversion of relevant capital instruments and eligible liabilities;
(d)
when the bail-in tool is applied, to inform the decision on the extent of the writing down or conversion of bail-inable liabilities;
(e)
when the bridge institution tool or asset separation tool is applied, to inform the decision on the assets, rights, liabilities or instruments of ownership to be transferred and the decision on the value of any consideration to be paid to the institution under resolution or, as the case may be, to the owners of the instruments of ownership;
(f)
when the sale of business tool is applied, to inform the decision on the assets, rights, liabilities or instruments of ownership to be transferred and to inform the Board's understanding of what constitutes commercial terms for the purposes of Article 24(2)(b);
(g)
in all cases, to ensure that any losses on the assets of an entity referred to in Article 2 are fully recognised at the moment the resolution tools are applied or the power to write down or convert relevant ►M1 capital instruments and eligible liabilities in accordance with Article 21 ◄ is exercised. 1. Ħarsa ġenerali
1.1 Referenzi1.2 Rekwiżiti identifikati1.3 Standards relatati2. Rekwiżiti identifikati
3. Standards relatati
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