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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PART I

GENERAL PROVISIONS

Subject matter
Article 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Scope
Article 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Definitions
Article 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participating Member States
Article 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

General principles
Article 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Division of tasks within the SRM
Article 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART II

SPECIFIC PROVISIONS
TITLE I

FUNCTIONS WITHIN THE SRM AND PROCEDURAL RULES
CHAPTER 1

Resolution planning

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

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

Assessment of resolvability
Article 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power to prohibit certain distributions
Article 10a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Simplified obligations for certain institutions
Article 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

Eligible liabilities for resolution entities
Article 12c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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
Article 12e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

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

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

Transitional and post-resolution arrangements
Article 12k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

Early intervention

Early intervention
Article 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 3

Resolution

Resolution objectives
Article 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

General principles governing resolution
Article 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Order of priority of claims
Article 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Resolution procedure
Article 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

State aid and Fund aid
Article 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Valuation for the purposes of resolution
Article 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

General principles of resolution tools
Article 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Resolution Scheme
Article 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sale of business tool
Article 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bridge institution tool
Article 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Asset separation tool
Article 26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bail-in tool
Article 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Monitoring by the Board
Article 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Implementation of decisions under this Regulation
Article 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 4

Cooperation

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

Cooperation within the SRM
Article 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Recognition and enforcement of third-country resolution proceedings
Article 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 5

Investigatory powers

Requests for information
Article 34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

General investigations
Article 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

On-site inspections
Article 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Authorisation by a judicial authority
Article 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 6

Penalties

Fines
Article 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Periodic penalty payments
Article 39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

INSTITUTIONAL FRAMEWORK
TITLE I

THE BOARD

Legal status
Article 42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Composition
Article 43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Compliance with Union law
Article 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accountability
Article 45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

National parliaments
Article 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Independence
Article 47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Seat
Article 48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE II

PLENARY SESSION OF THE BOARD

Participation in plenary sessions
Article 49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tasks
Article 50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

General provisions on the decision-making process
Article 52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE III

EXECUTIVE SESSION OF THE BOARD

Participation in the executive sessions
Article 53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tasks
Article 54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Decision-making
Article 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE IV

CHAIR

Appointment and tasks
Article 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TITLE V

FINANCIAL PROVISIONS
CHAPTER 1

General provisions

Resources
Article 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Budget
Article 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

Establishment and implementation of the budget
Article 61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Internal audit and control
Article 62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Financial rules
Article 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Anti-fraud measures
Article 66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER 2

The Single Resolution Fund
Section 1

Constitution of the Fund

General provisions
Article 67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirement to establish resolution financing arrangements
Article 68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Target level
Article 69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Ex-ante contributions
Article 70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Extraordinary ex-post contributions
Article 71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Voluntary borrowing between resolution financing arrangements
Article 72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Alternative funding means
Article 73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Access to financial facility
Article 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 2

Administration of the Fund

Investments
Article 75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 3

Use of the Fund

Mission of the Fund
Article 76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Use of the Fund
Article 77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

OTHER PROVISIONS

Privileges and Immunities
Article 80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Language arrangements
Article 81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Staff
Article 82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Staff exchange
Article 83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Internal committees
Article 84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeal Panel
Article 85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Actions before the Court of Justice
Article 86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liability of the Board
Article 87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Professional secrecy and exchange of information
Article 88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Data protection
Article 89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Access to documents
Article 90. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Court of Auditors
Article 92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART IV

POWERS OF EXECUTION AND FINAL PROVISIONS

Exercise of the delegation
Article 93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review
Article 94. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Replacement of national resolution financing arrangements
Article 96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Headquarters Agreement and operating conditions
Article 97. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

Entry into force
Article 99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Regulation revoked (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 33(h); 2020 c. 1, Sch. 5 para. 1(1)