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Regulation (EU) No 806/2014 of the European Parliament and of the CouncilShow full title

Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (revoked)

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  1. Introductory Text

  2. PART I GENERAL PROVISIONS

    1. Article 1.Subject matter

    2. Article 2.Scope

    3. Article 3.Definitions

    4. Article 4.Participating Member States

    5. Article 5.Relation to Directive 2014/59/EU and applicable national law

    6. Article 6.General principles

    7. Article 7.Division of tasks within the SRM

  3. PART II SPECIFIC PROVISIONS

    1. TITLE I FUNCTIONS WITHIN THE SRM AND PROCEDURAL RULES

      1. CHAPTER 1 Resolution planning

        1. Article 8.Resolution plans drawn up by the Board

        2. Article 9.Resolution plans drawn up by national resolution authorities

        3. Article 10.Assessment of resolvability

        4. Article 10a. Power to prohibit certain distributions

        5. Article 11.Simplified obligations for certain institutions

        6. Article 12. Minimum requirement for own funds and eligible liabilities

        7. Article 12a. Application and calculation of the minimum requirement for own funds and eligible liabilities

        8. Article 12b. Exemption from the minimum requirement for own funds and eligible liabilities

        9. Article 12c. Eligible liabilities for resolution entities

        10. Article 12d. Determination of the minimum requirement for own funds and eligible liabilities

        11. Article 12e. Determination of the minimum requirement for own funds and eligible liabilities for resolution entities of G-SIIs and Union material subsidiaries of non-EU G-SIIs

        12. Article 12f. Application of the minimum requirement for own funds and eligible liabilities to resolution entities

        13. Article 12g. Application of the minimum requirement for own funds and eligible liabilities to entities that are not themselves resolution entities

        14. Article 12h. Waiver of the minimum requirement for own funds and eligible liabilities applied to entities that are not themselves resolution entities

        15. Article 12i. Waiver for a central body and credit institutions permanently affiliated to a central body

        16. Article 12j. Breaches of the minimum requirement for own funds and eligible liabilities

        17. Article 12k. Transitional and post-resolution arrangements

      2. CHAPTER 2 Early intervention

        1. Article 13.Early intervention

      3. CHAPTER 3 Resolution

        1. Article 14.Resolution objectives

        2. Article 15.General principles governing resolution

        3. Article 16.Resolution of financial institutions and parent undertakings

        4. Article 17.Order of priority of claims

        5. Article 18.Resolution procedure

        6. Article 19.State aid and Fund aid

        7. Article 20.Valuation for the purposes of resolution

        8. Article 21. Write-down or conversion of capital instruments and eligible liabilities

        9. Article 22.General principles of resolution tools

        10. Article 23.Resolution Scheme

        11. Article 24.Sale of business tool

        12. Article 25.Bridge institution tool

        13. Article 26.Asset separation tool

        14. Article 27.Bail-in tool

        15. Article 28.Monitoring by the Board

        16. Article 29.Implementation of decisions under this Regulation

      4. CHAPTER 4 Cooperation

        1. Article 30.Obligation to cooperate and information exchange within the SRM

        2. Article 31.Cooperation within the SRM

        3. Article 32.Consultation of, and cooperation with, non-participating Member States and third countries

        4. Article 33.Recognition and enforcement of third-country resolution proceedings

      5. CHAPTER 5 Investigatory powers

        1. Article 34.Requests for information

        2. Article 35.General investigations

        3. Article 36.On-site inspections

        4. Article 37.Authorisation by a judicial authority

      6. CHAPTER 6 Penalties

        1. Article 38.Fines

        2. Article 39.Periodic penalty payments

        3. Article 40.Hearing of the persons subject to the proceedings

        4. Article 41.Disclosure, nature, enforcement and allocation of fines and periodic penalty payments

  4. PART III INSTITUTIONAL FRAMEWORK

    1. TITLE I THE BOARD

      1. Article 42.Legal status

      2. Article 43.Composition

      3. Article 44.Compliance with Union law

      4. Article 45.Accountability

      5. Article 46.National parliaments

      6. Article 47.Independence

      7. Article 48.Seat

    2. TITLE II PLENARY SESSION OF THE BOARD

      1. Article 49.Participation in plenary sessions

      2. Article 50.Tasks

      3. Article 51.Meeting of the plenary session of the Board

      4. Article 52.General provisions on the decision-making process

    3. TITLE III EXECUTIVE SESSION OF THE BOARD

      1. Article 53.Participation in the executive sessions

      2. Article 54.Tasks

      3. Article 55.Decision-making

    4. TITLE IV CHAIR

      1. Article 56.Appointment and tasks

    5. TITLE V FINANCIAL PROVISIONS

      1. CHAPTER 1 General provisions

        1. Article 57.Resources

        2. Article 58.Budget

        3. Article 59.Part I of the budget on the administration of the Board

        4. Article 60.Part II of the budget on the Fund

        5. Article 61.Establishment and implementation of the budget

        6. Article 62.Internal audit and control

        7. Article 63.Implementation of the budget, presentation of accounts and discharge

        8. Article 64.Financial rules

        9. Article 65.Contributions to the administrative expenditures of the Board

        10. Article 66.Anti-fraud measures

      2. CHAPTER 2 The Single Resolution Fund

        1. Section 1 Constitution of the Fund

          1. Article 67.General provisions

          2. Article 68.Requirement to establish resolution financing arrangements

          3. Article 69.Target level

          4. Article 70.Ex-ante contributions

          5. Article 71.Extraordinary ex-post contributions

          6. Article 72.Voluntary borrowing between resolution financing arrangements

          7. Article 73.Alternative funding means

          8. Article 74.Access to financial facility

        2. Section 2 Administration of the Fund

          1. Article 75.Investments

        3. Section 3 Use of the Fund

          1. Article 76.Mission of the Fund

          2. Article 77.Use of the Fund

          3. Article 78.Mutualisation of national financing arrangements in the case of group resolution involving institutions in non-participating Member States

          4. Article 79.Use of deposit guarantee schemes in the context of resolution

    6. TITLE VI OTHER PROVISIONS

      1. Article 80.Privileges and Immunities

      2. Article 81.Language arrangements

      3. Article 82.Staff

      4. Article 83.Staff exchange

      5. Article 84.Internal committees

      6. Article 85.Appeal Panel

      7. Article 86.Actions before the Court of Justice

      8. Article 87.Liability of the Board

      9. Article 88.Professional secrecy and exchange of information

      10. Article 89.Data protection

      11. Article 90.Access to documents

      12. Article 91.Security rules on the protection of classified and sensitive non-classified information

      13. Article 92.Court of Auditors

  5. PART IV POWERS OF EXECUTION AND FINAL PROVISIONS

    1. Article 93.Exercise of the delegation

    2. Article 94.Review

    3. Article 95.Amendment to Regulation (EU) No 1093/2010

    4. Article 96.Replacement of national resolution financing arrangements

    5. Article 97.Headquarters Agreement and operating conditions

    6. Article 98.Start of the Board's activities

    7. Article 99.Entry into force

  6. Signature

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