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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 117 Duties of special manager.

(1) A special manager shall take all the measures necessary to promote the resolution objectives referred to in Regulation 61 and implement resolution actions in accordance with the decision of the resolution authority.

(2) Where necessary, the duty referred to in paragraph (1) shall take precedence over any other duty of management in accordance with law or with the constitution of the institution under resolution, insofar as they are inconsistent.

(3) Without limitation of the generality of paragraph (2), the measures referred to in paragraph (1) may include one or more of the following:

(a) an increase in the capital of the institution under resolution;

(b) the reorganisation of the ownership structure of the institution under resolution;

(c) the facilitation of a transfer to a recipient, in accordance with the resolution tools referred to in Chapter 3;

(d) the operation of the activities and services of the institution under resolution;

(e) the management, acquisition or disposal o

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