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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 164 Use of Fund.

(1) The resolution authority may only use the Fund to the extent necessary to ensure the effective application of the resolution tools for the following purposes:

(a) to guarantee the assets or the liabilities of an institution under resolution, its subsidiaries, a bridge institution, an asset management vehicle or, where the sale of business tool is applied, a purchaser;

(b) to make loans to an institution under resolution, its subsidiaries, a bridge institution, an asset management vehicle or, where the sale of business tool is applied, a purchaser;

(c) to purchase assets of an institution under resolution;

(d) to make contributions to a bridge institution, an asset management vehicle or, where the sale of business tool is applied, a purchaser;

(e) to pay compensation to shareholders or creditors in accordance with Regulation 134;

(f) to make a contribution to an institution under resolution, in lieu of the write-down or conversion of liabilities of certain creditors, where the bail-

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