(31)

Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC · European Union

in Article 70, paragraph 2 is replaced by the following: ‘2. Resolution authorities shall not exercise the power referred to in paragraph 1 of this Article in relation to any of the following: (a) security interest of systems or operators of systems designated for the purposes of Directive 98/26/EC; (b) central counterparties authorised in the Union pursuant to Article 14 of Regulation (EU) No 648/2012 and third-country central counterparties recognised by ESMA pursuant to Article 25 of Regulation (EU) No 648/2012; and (c) central banks, over assets pledged or provided by way of margin or collateral by the institution under resolution.’;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.