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Version date: 12 August 2022 - onwards
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Article 45 Government financial stabilisation tools

1. In the very extraordinary situation of a systemic crisis, Member States may apply the government stabilisation tools in accordance with Articles 46 and 47 for the purpose of resolving a CCP only where the following conditions are met:

(a) the financial support is necessary to meet the resolution objectives referred to in Article 21;

(b) the financial support is used only as a last resort in accordance with paragraph 3 of this Article after having assessed and exploited all resolution tools to the maximum extent practicable whilst maintaining financial stability;

(c) the financial support is limited in time;

(d) the financial support complies with the Union State aid framework; and

(e) the Member State has, in advance, defined comprehensive and credible arrangements, in a manner consistent with the Union state aid framework, for recovering, over a suitable period, and in accordance with Article 27(10) the public funds deployed, to the extent not retrieved in full through the sale to

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