+Article 17 5.

Article 17 5.

For the purposes of paragraph 4, resolution authorities shall have the power to take any of the following measures:

(a) 

require the ►M3  entity ◄ to revise any intragroup financing agreements or review the absence thereof, or draw up service agreements, whether intra-group or with third parties, to cover the provision of critical functions;

(b) 

require the ►M3  entity ◄ to limit its maximum individual and aggregate exposures;

(c) 

impose specific or regular additional information requirements relevant for resolution purposes;

(d) 

require the ►M3  entity ◄ to divest specific assets;

(e) 

require the ►M3  entity ◄ to limit or cease specific existing or proposed activities;

(f) 

restrict or prevent the development of new or existing business lines or sale of new or existing products;

(g) 

require changes to legal or operational structures of the ►M3  entity ◄ or any group entity, either directly or indirectly under its control, so as to reduce complexity in order to ensure that critical functions may be legally and operationally separated from other functions through the application of the resolution tools;

(h) 

require an ►M3  entity ◄ or a parent undertaking to set up a parent financial holding company in a Member State or a Union parent financial holding company;

▼M3

(ha) 

require an institution or an entity referred to in point (b), (c) or (d) of Article 1(1) of this Directive to submit a plan to restore compliance with the requirements of Articles 45e or 45f of this Directive, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013 and, where applicable, with the combined buffer requirement and with the requirements referred to in Article 45e or 45f of this Directive, expressed as a percentage of the total exposure measure referred to in Articles 429 and 429a of Regulation (EU) No 575/2013;

▼M3

(i) 

require an institution or entity referred to in point (b), (c) or (d) of Article 1(1) to issue eligible liabilities to meet the requirements of Article 45e or Article 45f;

(j) 

require an institution or entity referred to in point (b), (c) or (d) of Article 1(1), to take other steps to meet the minimum requirement for own funds and eligible liabilities under Article 45e or Article 45f, including in particular to attempt to renegotiate any eligible liability, additional Tier 1 instrument or Tier 2 instrument it has issued, with a view to ensuring that any decision of the resolution authority to write down or convert that liability or instrument would be effected under the law of the jurisdiction governing that liability or instrument;

(ja) 

for the purpose of ensuring ongoing compliance with Article 45e or Article 45f, require an institution or entity referred to in point (b), (c) or (d) of Article 1(1), to change the maturity profile of:

(i) 

own funds instruments, after having obtained the agreement of the competent authority, and

(ii) 

eligible liabilities referred to in Article 45b and in point (a) of Article 45f(2);

(k) 

where an entity is the subsidiary of a mixed-activity holding company, requiring that the mixed-activity holding company set up a separate financial holding company to control the entity, if necessary in order to facilitate the resolution of the entity and to avoid the application of the resolution tools and the exercise of the powers referred to in Title IV having an adverse effect on the non-financial part of the group.

▼B

1. Ħarsa ġenerali

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Titlu Regolamentazzjoni

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti
Sors Rekwiżit

3. Standards relatati

Standards
Sors Rekwiżit