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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 167 Extraordinary ex-post contributions.

(1) Subject to Regulation 169, where the available financial means of the Fund are not sufficient to cover losses, costs or other expenses incurred by the Fund, the resolution authority shall raise extraordinary ex-post contributions from the institutions authorised in the State in order to cover such losses, costs or other expenses in excess of the available financial means.

(2) Extraordinary ex-post contributions shall be set at a level not exceeding 3 times the aggregate annual target for contributions determined in accordance with Regulation 166.

(3) Extraordinary ex-post contributions shall be allocated between institutions in accordance with the rules set out in Regulation 166(7) and (8).

(4) Regulation 166(5), (6), (11), (12) and (13) shall be applicable to the contributions raised under this Regulation.

(5) Subject to paragraph (6), the resolution authority may defer, in whole or in part, an institution's payment of extraordinary ex-post contributions to the Fund where the paym

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