Date-stamp loading
Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Published date: 30 July 2014

Regulation 806/2014/EU - Single Resolution Mechanism Regulation (SRMR)

Recitals
Part I General Provisions (arts. 1-7)
ApplicableEntered into force
Article 1 Subject matter
ApplicableEntered into force
Article 2 Scope
ApplicableEntered into force
Article 3 Definitions
ApplicableEntered into force
Article 4 Participating Member States
Applicable
Article 5 Relation to Directive 2014/59/EU and applicable national law
ApplicableEntered into force
Article 6 General principles
Applicable
Article 7 Division of tasks within the SRM
Part II Specific Provisions (arts. 8-41)
Title I Functions within the SRM and procedural rules (arts. 8-41)
Chapter 1 Resolution planning (arts. 8-12k)
Applicable
Article 8 Resolution plans drawn up by the Board
Applicable
Article 9 Resolution plans drawn up by national resolution authorities
Applicable
Article 10 Assessment of resolvability
Inserted
Article 10a Power to prohibit certain distributions
Applicable
Article 11 Simplified obligations for certain institutions
Applicable
Article 12 Minimum requirement for own funds and eligible liabilities
Amended
Article 12a Application and calculation of the minimum requirement for own funds and eligible liabilities
Inserted
Article 12b Exemption from the minimum requirement for own funds and eligible liabilities
Inserted
Article 12c Eligible liabilities for resolution entities
Inserted
Article 12d Determination of the minimum requirement for own funds and eligible liabilities
Inserted
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
Inserted
Article 12f Application of the minimum requirement for own funds and eligible liabilities to resolution entities
Inserted
Article 12g Application of the minimum requirement for own funds and eligible liabilities to entities that are not themselves resolution entities
Inserted
Article 12h Waiver of the minimum requirement for own funds and eligible liabilities applied to entities that are not themselves resolution entities
Inserted
Article 12i Waiver for a central body and credit institutions permanently affiliated to a central body
Inserted
Article 12j Breaches of the minimum requirement for own funds and eligible liabilities
Inserted
Article 12k Transitional and post-resolution arrangements
Chapter 2 Early intervention (art. 13)
Applicable
Article 13 Early intervention
Chapter 3 Resolution (arts. 14-29)
Applicable
Article 14 Resolution objectives
Applicable
Article 15 General principles governing resolution
Applicable
Article 16 Resolution of financial institutions and parent undertakings
Applicable
Article 17 Order of priority of claims
Applicable
Article 18 Resolution procedure
Applicable
Article 19 State aid and Fund aid
Applicable
Article 20 Valuation for the purposes of resolution
Applicable
Article 21 Write-down and conversion of capital instruments
Applicable
Article 22 General principles of resolution tools
Applicable
Article 23 Resolution Scheme
Applicable
Article 24 Sale of business tool
Applicable
Article 25 Bridge institution tool
Applicable
Article 26 Asset separation tool
Applicable
Article 27 Bail-in tool
Applicable
Article 28 Monitoring by the Board
Applicable
Article 29 Implementation of decisions under this Regulation
Chapter 4 Cooperation (arts. 30-33)
ApplicableEntered into force
Article 30 Obligation to cooperate and information exchange within the SRM
Applicable
Article 31 Cooperation within the SRM
Applicable
Article 32 Consultation of, and cooperation with, non-participating Member States and third countries
Applicable
Article 33 Recognition and enforcement of third-country resolution proceedings
Chapter 5 Investigatory powers (arts. 34-37)
Applicable
Article 34 Requests for information
Applicable
Article 35 General investigations
Applicable
Article 36 On-site inspections
Applicable
Article 37 Authorisation by a judicial authority
Chapter 6 Penalties (arts. 38-41)
Applicable
Article 38 Fines
Applicable
Article 39 Periodic penalty payments
Applicable
Article 40 Hearing of the persons subject to the proceedings
Applicable
Article 41 Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
Part III Institutional framework (arts. 42-92)
Title I The Board (arts. 42-48)
ApplicableEntered into force
Article 42 Legal status
ApplicableEntered into force
Article 43 Composition
ApplicableEntered into force
Article 44 Compliance with Union law
ApplicableEntered into force
Article 45 Accountability
ApplicableEntered into force
Article 46 National parliaments
ApplicableEntered into force
Article 47 Independence
ApplicableEntered into force
Article 48 Seat
Title II Plenary session of the Board (arts. 49-52)
ApplicableEntered into force
Article 49 Participation in plenary sessions
Applicable
Article 50 Tasks
ApplicableEntered into force
Article 51 Meeting of the plenary session of the Board
Applicable
Article 52 General provisions on the decision-making process
Title III Executive session of the Board (arts. 53-55)
Applicable
Article 53 Participation in the executive sessions
Applicable
Article 54 Tasks
Applicable
Article 55 Decision-making
Title IV Chair (art. 56)
ApplicableEntered into force
Article 56 Appointment and tasks
Title V Financial Provisions (arts. 57-79)
Chapter 1 General provisions (arts. 57-66)
ApplicableEntered into force
Article 57 Resources
ApplicableEntered into force
Article 58 Budget
ApplicableEntered into force
Article 59 Part I of the budget on the administration of the Board
Applicable
Article 60 Part II of the budget on the Fund
ApplicableEntered into force
Article 61 Establishment and implementation of the budget
ApplicableEntered into force
Article 62 Internal audit and control
ApplicableEntered into force
Article 63 Implementation of the budget, presentation of accounts and discharge
ApplicableEntered into force
Article 64 Financial rules
ApplicableEntered into force
Article 65 Contributions to the administrative expenditures of the Board
ApplicableEntered into force
Article 66 Anti-fraud measures
Chapter 2 The Single Resolution Fund (arts. 67-79)
Section 1 Constitution of the Fund (arts. 67-74)
Applicable
Article 67 General provisions
Applicable
Article 68 Requirement to establish resolution financing arrangements
Applicable
Article 69 Target level
Applicable
Article 70 Ex-ante contributions
Applicable
Article 71 Extraordinary ex-post contributions
Applicable
Article 72 Voluntary borrowing between resolution financing arrangements
Applicable
Article 73 Alternative funding means
Applicable
Article 74 Access to financial facility
Section 2 Administration of the Fund (art. 75)
Applicable
Article 75 Investments
Section 3 Use of the Fund (arts. 76-79)
Applicable
Article 76 Mission of the Fund
Applicable
Article 77 Use of the Fund
Applicable
Article 78 Mutualisation of national financing arrangements in the case of group resolution involving institutions in non-participating Member States
Applicable
Article 79 Use of deposit guarantee schemes in the context of resolution
Title VI Other Provisions (arts. 80-92)
ApplicableEntered into force
Article 80 Privileges and Immunities
ApplicableEntered into force
Article 81 Language arrangements
ApplicableEntered into force
Article 82 Staff
ApplicableEntered into force
Article 83 Staff exchange
ApplicableEntered into force
Article 84 Internal committees
Applicable
Article 85 Appeal Panel
Applicable
Article 86 Actions before the Court of Justice
ApplicableEntered into force
Article 87 Liability of the Board
ApplicableEntered into force
Article 88 Professional secrecy and exchange of information
ApplicableEntered into force
Article 89 Data protection
ApplicableEntered into force
Article 90 Access to documents
ApplicableEntered into force
Article 91 Security rules on the protection of classified and sensitive non-classified information
ApplicableEntered into force
Article 92 Court of Auditors
Part IV Powers of execution and final provisions (arts. 93-99)
ApplicableEntered into force
Article 93 Exercise of the delegation
ApplicableEntered into force
Article 94 Review
ApplicableEntered into force
Article 95 Amendment to Regulation (EU) No 1093/2010
Applicable
Article 96 Replacement of national resolution financing arrangements
ApplicableEntered into force
Article 97 Headquarters Agreement and operating conditions
ApplicableEntered into force
Article 98 Start of the Board's activities
Applicable
Article 99 Entry into force
Done at