TITLE IV

RESOLUTION
CHAPTER IV

Resolution tools
Section 5

The bail-in tool
Subsection 4

Bail-in tool: ancillary provisions

Temporary public ownership tool
Article 58
1
Member States may take an institution or an entity referred to in point (b), (c) or (d) of Article 1(1) into temporary public ownership.
2
For that purpose a Member State may make one or more share transfer orders in which the transferee is:
a
a nominee of the Member State; or
b
a company wholly owned by the Member State.
3
Member States shall ensure that institutions or entities referred to in point (b), (c) or (d) of Article 1(1) subject to the temporary public ownership tool in accordance with this Article are managed on a commercial and professional basis and that they are transferred to the private sector as soon as commercial and financial circumstances allow.