Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
  Version 2 of 2    

Regulation 172 Mutualisation of national financing arrangements in case of a group resolution.

(1) In the case of a group resolution under Regulation 155 or 156 involving an institution authorised in the State, the resolution authority shall make a contribution from monies in the Fund in accordance with this Regulation.

(2) For the purposes of paragraph (1), where the resolution authority is the group-level resolution authority, it shall, after consulting with the Union resolution authorities of institutions in other Member States that are part of the group, propose a financing plan as part of the group resolution scheme provided for in Regulation 155 or 156 where necessary before taking resolution action.

(3) The financing plan under paragraph (2) shall include the following:

(a) a valuation in accordance with Regulation 65 or 66 in respect of the affected group entities;

(b) the losses to be recognised by each affected group entity at the moment the resolution tools are exercised;

(c) for each affected group entity, the losses that would be suffered by each class of shareholde

Comparing proposed amendment...