Article 33 3.

the third-country resolution proceedings would have an adverse effect on financial stability in a participating Member State;

creditors, including in particular depositors located or payable in a participating Member State, would not receive the same treatment as third-country creditors and depositors with similar legal rights under the third-country home resolution proceedings;

recognition or enforcement of the third-country resolution proceedings would have material fiscal implications for the participating Member State; or

the effects of such recognition or enforcement would be contrary to the national law of the participating Member State.