+Article 21 3.

Article 21 3.

For the purposes of paragraph 1 of this Article, an entity referred to in Article 2 or a group shall be deemed to be no longer viable only if both of the following conditions are met:

(a) 

that entity or group is failing or is likely to fail;

(b) 

having regard to timing and other relevant circumstances, there is no reasonable prospect that any action, including alternative private sector measures or supervisory action (including early intervention measures), other than the write-down or conversion of relevant ►M1  capital instruments, and eligible liabilities as referred to in paragraph 7a ◄ , independently or in combination with resolution action, would prevent the failure of that entity or group within a reasonable timeframe.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards